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Indian School of Business Chandigarh Mohali Campus, Mohali (SAS Nagar), Punjab



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Indian School of Business Chandigarh Mohali Campus, Mohali (SAS Nagar), Punjab
Mohali (SAS Nagar)
Punjab, India



Indian School of Business Chandigarh Mohali Campus, Mohali (SAS Nagar) Punjab is a recognised institute / college.
Indian School of Business Chandigarh Mohali Campus, Mohali (SAS Nagar) Punjab is situated in Mohali (SAS Nagar) of Punjab state (Province) in India. This data has been provided by www.punjabcolleges.com. Contact Person(s) of the Indian School of Business Chandigarh Mohali Campus, Mohali (SAS Nagar) Punjab is (are): Prof Savita Mahajan, Deputy Dean and Chief Executive.


Contact Details of Indian School of Business Chandigarh Mohali Campus, Mohali (SAS Nagar) Punjab are : Telephone: +91-172-5063547/48/49

After obtaining an undergraduate degree in economics from Delhi University, Prof. Savita Mahajan did her MBA from IIM Ahmedabad. She has worked in several Indian organizations, including Maruti Udyog, Bharat Technologies, Karvy Consultants, and Intergraph India. She has been associated with the ISB since its inception in 2001. Her professional interests include strategic management, institutional values, leadership and organizational change.

BB Goyal adds:
It may be mentioned here that earlier ICFAI Hyderabad had opened its campus in the name of Indian Business School, which is totally different school and group from ISB. ISB is a name to reckon with. Initially ISB had to open in Maharashtra. But there politicians demanded reservation in admission as well as in recruitment. So the founders made their mind to shift the initial campus to some other state to avoid any controversy. They had short-listed Maharashtra (Preference 1), Karnataka (Preference 2) and Andhra Pradesh (Preference 3). However Mr Chandrababu 'Computer' Naidu, the gentleman, offered unconditional support for the campus. So though Andhra was third choice, the founders set up ISB there. In politics, Mr Naidu might be sidelined, but we should salute his spirit.


Founding business partners of ISB Mohali
Analjit Singh, Chairman, Max India Ltd
Pawan Munjal, MD, Hero Honda Motors Ltd.
Rakesh Bharti Mittal, Vice Chairman, Bharti Enterprises Ltd
Sunil Munjal, Chairman, Hero Corporate Services Ltd
Atul Punjab, Chairman, Punj Lloyd Ltd.


Courses




Indian School of Business Chandigarh Mohali Campus, Mohali (SAS Nagar) Punjab runs course(s) in Business Management stream(s).

Stuff



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Media coverage of Indian School of Business Chandigarh Mohali Campus, Mohali (SAS Nagar) Punjab, Punjab

Supreme Court stays construction of ISB

Chandigarh, Aug 14 - The allotment of 70 acres of prime land at a token amount of Re.1 for a 99-year lease to leading management institute Indian School of Business (ISB) by the Punjab government at Mohali town has raised the hackles of other institutions.

The Punjab Unaided Technical Institution Association (PUTIA), which comprises several private management, engineering and other professional institutions Saturday said the Punjab government should not adopt a policy of subsidising institutions from outside the state while making things tougher for Punjab's own institutions.

The foundation stone of the ISB, one of the leading business schools in the world, was laid in Mohali this week. It would be ISB's second campus outside Hyderabad and is expected to be completed by February 2012.

These corporate institutions include Max India institute of Healthcare Management, Bharti Institute of Public Policy, and BML Munjal Hero Honda Institute of Manufacturing Excellence. Each has pooled in Rs.50 crore for the ISB-Mohali campus.

The Punjab government allotted 70 acres of prime land to the ISB for a token amount of Re.1 for a 99-year lease. The land was acquired at Rs.6.3 million (Rs.63 lakh) per acre by the state government. The present market rate for the land is Rs.15 mn (Rs.1.5 crore) per acre.

'On the same day when the ISB was given land, the draft of The Punjab (Institutions and other Buildings) Tax Act, 2010 has also been approved by the cabinet to levy property tax on the institutions. The intention of the government is crystal clear. The financial loss occurring on subsidising the entry of outsiders by giving free land of hundreds of crores of rupees will be met from the pockets of the state institutions,' J.S. Dhaliwal, president of PUTIA, said after a meeting of the professional institutions.

PUTIA members said while the Punjab government's high-level committee on resource mobilisation, comprising Deputy Chief Minister Sukhbir Singh Badal and Industries and Commerce Minister Manoranjan Kalia, were recommending generation of more resources and funds, the subsidised land for ISB was causing confusion.

They also objected to the fact that while ISB management will decide their fee structure, other institutions are bound by Punjab government rules on fee fixation.

'The government is much interested in pleasing the outsiders at the cost of state institutions. Admissions, student intake, fee, all will be decided by the ISB promoters. While in Punjab, fee fixation is a state subject,' Dhaliwal added.

While the Punjab government has fixed the fee for management courses at Rs.125,000, the ISB charges between Rs.3-3.5 mn (Rs.30-35 lakh) per student.

PUTIA members pointed out at the meeting that unlike ISB, other educational institutions were required to procure land at commercial rates and were not given any financial assistance by the government.

Top management institute Indian School of Business (ISB) will begin classes at its Mohali campus near Chandigarh in 2012 academic year.

"We hope to commence the academic session from 2012. We also hope to receive land in a couple of months from Punjab Government," ISB Dean Ajit Rangnekar told PTI here today.

The government had allotted 70 acres for ISB campus at Mohali on a 99-year lease at Re 1 per acre annually. However, the land, allotted by the Higher Education Department, went in to dispute as part of it belonged to some other department.

The case went to Supreme Court, which stayed construction.

Sources in the city-based ISB said the Punjab Government then alloted land adjacent to the present site. The new site is in Knowledge City, Mohali.

The campus would cost Rs 300 crore of which Rs 200 crore is being provided by the four ISB founder-supporters each contributing Rs 50 crore. The Mohali campus will have the support of existing associate schools - Wharton School and Kellogg School of Management, the sources said.

"We are ready with our plans," the Dean said.

The Mohali campus proposes to have 280 seats in its Post Graduate Programme besides offering several short-term executive courses.

ISB memorandum with TUFTS University

08 December 2010
The MoU with the Fletcher School of Law & Diplomacy, Tufts University, USA, is to support setting up of Bharti Institute of Public Policy at the upcoming ISB campus in Mohali, Punjab

The Indian School of Business (ISB) on Tuesday signed a Memorandum of Understanding (MoU) with The Fletcher School of Law & Diplomacy, Tufts University, USA, to support the setting up of the Bharti Institute of Public Policy at the upcoming ISB campus in Mohali, Punjab. The MoU was signed by Ajit Rangnekar, Dean, ISB and Stephen W. Bosworth, Dean, The Fletcher School in the presence of Kapil Sibal, Union Minister of Human Resource Development, Rakesh Bharti Mittal - Vice Chairman & MD, Bharti Enterprises and Savita Mahajan, Chief Executive, Mohali Campus and Deputy Dean, ISB.

Speaking on the occasion, Ajit Rangnekar, Dean, ISB, said, 'We are delighted to associate with The Fletcher School and benefit from their vast expertise, not just in the area of Public Policy, but also in critically important areas like Food and Water security. I am sure this partnership will generate innovative ideas for both policy formulation and implementation, and create a critical mass of thinkers who would guide and contribute to national initiatives for the future.'

Stephen W. Bosworth, Dean of The Fletcher School, said, 'Today marks the beginning of a mutually beneficial relationship that will link two distinguished graduate institutions. The Fletcher School and ISB are equally dedicated to providing forward-thinking, groundbreaking research and teaching, and this partnership will provide tremendous opportunities for cross-collaboration between the two schools'

The collaboration between the two schools is envisaged to cover faculty exchange opportunities, curriculum development, research and teaching support besides joint research projects and joint executive education programmes.

Rakesh Bharti Mittal, Vice Chairman & Managing Director, Bharti Enterprises, said, 'The first of its kind agreement lays the foundation for a collaborative, cross-disciplinary approach for high quality research in the area of Public Policy. The partnership will provide meaningful insights in areas such as trade, energy & natural resource, environment and security. We are confident that this partnership will create a wealth of knowledge that will benefit the country and the industry'.

'India needs to create more centres of excellence for doing high quality research and study of Public Policy in order to achieve our national goals. We are very excited about developing the Bharti Institute of Public Policy at the ISB in association with The Fletcher School', said Savita Mahajan.

The ISB will continue to have the support of its Founding Associate Schools - The Wharton School and Kellogg School of Management. The ISB also has the support of the London Business School (LBS) as an Associate School. In April this year, it signed a MoU with MIT Sloan School of Management for supporting the development of both, BML Munjal Hero Honda Institute of Manufacturing Excellence and Innovation, and Punj Lloyd Institute of Physical Infrastructure Management.

The foundation stone for the ISB campus in Mohali was laid on August 11, 2010 by Sardar Parkash Singh Badal, Honourable Chief Minister of Punjab. The construction is progressing in full steam, and is expected to be completed by March 2012. The first academic session for the Post Graduate Programme in Management in Mohali is scheduled to commence in April 2012, with an initial intake of 210 students. The School will have a unified governance structure, with the school's Executive Board as the statutory body overseeing and supporting both the campuses. The ISB will maintain consistency, a common set of standards and processes, and above all, an unwavering culture of excellence across both campuses.

Analjit Munjal Punj and Mittal commit funding of 200 crores to ISB

Chandigarh, New Delhi, Hyderabad, November 12, 2008: The Government of Punjab today, signed a tripartite agreement with Indian School of Business (ISB) and four Indian Business Leaders to set up a second ISB campus at Knowledge City, Mohali. The Agreement was signed in the presence of Punjab's Chief Minister Parkash Singh Badal by Anjali Bhawra - Secretary, Higher Education, Government of Punjab, Rajat Gupta - Chairman, ISB, and four Founder Supporters of the ISB campus at Mohali, Analjit Singh - Chairman & Managing Director of Max India Limited, Rakesh Bharti Mittal - Vice-Chairman & Managing Director of Bharti Enterprises Limited, Sunil Kant Munjal - Managing Director & Chief Executive Officer of Hero Corporate Service Limited, Atul Punj - Chairman, Punj Lloyd Group.

The 70 acres ISB campus site at Mohali has been allotted by the Government of Punjab on a 99 years lease at Rs. 1 per acre annually, as a part of its vision to establish a world class premier management institute at Knowledge City, Mohali. Based on an invitation by the Government, the four Indian Business Leaders along with ISB submitted their Expression of Interest to set up a second campus of ISB at Mohali, along with their intent to make a significant financial contribution for establishing the Campus. The first academic session at the ISB campus in Mohali is expected to commence in 2012.

Speaking at the occasion, Mr. Bikram Singh Majithia, Information & Public Relations, Water Supply & Sanitation, Science & Technology and Environment Minister, Government of Punjab, said "It gives me great pleasure to announce the setting up of a new campus of ISB at Mohali. This has been possible due to the vision of our Chief Minister Sardar Parkash Singh Badal and the unrelenting effort of our Party President, Sardar Sukhbir Singh Badal. It will help facilitate the emergence of Mohali on the national map as an important centre of higher learning, especially with other national institutes of excellence coming up here. I want to thank the four Founder Supporters Analjit Singh, Rakesh Bharti Mittal, Sunil Kant Munjal & Atul Punj for reiterating their support and commitment to Punjab by helping make this a reality. We will provide all the support and assistance needed to ensure that the Campus becomes functional on time."

The ISB, with the support of existing associate schools, Wharton School and Kellogg School of Management, will set-up and run the Mohali campus, just like its Hyderabad campus, as a world class academic institution for providing Post Graduate Programmes in Management and short duration Executive Education Programmes. The ISB campus at Mohali will have the following four specialist Institutes, termed as Centres of Excellence, for promoting research and offering additional specialisations in the Post Graduate Programme:

* Max India Institute of Healthcare Management
* Bharti Institute of Public Policy
* BML Munjal Institute of Manufacturing and Operation Excellence
* Punj Lloyd Institute of Physical Infrastructure Management

The ISB campus at Mohali proposes to have 280 seats in its Post Graduate Programme. It will also have several short duration Executive Education Programmes where approximately 750 professionals will be able to participate.

ISB will have a unified governance structure, with the ISB Board as the Statutory Body overseeing and supporting both campuses at Hyderabad and Mohali. A Deputy Dean, will be appointed to run the ISB campus at Mohali, including the four Centres of Excellence. It will additionally have the benefit of a Campus Advisory Board while the Centres of Excellence will be advised by their individual Institute Advisory Councils. The ISB faculty will be available for teaching on both campuses and all standards and processes will be common across both campuses.

The Founder Supporters of the ISB campus at Mohali, who are playing a key role in setting up the Business School, will contribute a sum of Rs. 50 crores each. While they are members of the ISB Executive Board, they will also be represented on the Campus Advisory Board of ISB campus at Mohali and will Chair the respective Institute Advisory Councils. The Founder Supporters will extend their existing support for Placements/Internships, Programmes on Campus and Visiting Faculty to the ISB campus at Mohali.

Official Quotes:

Rajat Gupta, Chairman of the Board of Directors, ISB
Rajat Gupta, Chairman, ISB, remarked, 'It has been an exciting and eventful journey for ISB from its inception in 2001 to becoming a top ranked global business school in seven years. The Mohali campus is another significant milestone for us. I am grateful to the vision of Chief Minister Parkash Singh Badal and our Founder Supporters for making it possible for us to bring high quality education within the reach of more and more Indians.'

M Rammohan Rao, Dean, ISB
'The ISB owes its remarkable success to the high level of commitment of its Executive Board, the resident and visiting faculty, its administrators, and its alumni. The core team that has made the ISB successful will be deeply involved in the new campus as well. We have groomed high quality talent for the country and I am delighted that we now have the opportunity to groom talent for new growth sectors especially healthcare, manufacturing, infrastructure and public policy.'

Analjit Singh, Chairman & Managing Director, Max India Limited:
'The importance of establishing world-class educational institutions in India cannot be overemphasized. I feel that being a part of the creation of ISB Mohali is a privilege. Such a partnership is a once in a lifetime opportunity. Today's first step towards creating the ISB Mohali campus is a three-dimensional win for ISB, Government of Punjab and the four Founder Supporters.
The Max Institute of Healthcare Management will impart Industry relevant skillsets to students in this Program to meet India's growing need for quality healthcare professionals. '

Rakesh Bharti Mittal, Vice Chairman and Managing Director, Bharti Enterprises Limited:
'At Bharti, we have always believed in undertaking transformational projects that have a positive impact on the society while contributing to the nation building process. In today's rapidly changing environment India needs an institution to promote quality research and education in the area of public policy. With Bharti Institute of Public Policy, our aim is to create the first of its kind world-class institution that will create a talent pool and provide meaningful insights, facilitating the policy making process in various strategic areas. We are delighted that our support to ISB for its second campus in Mohali will benefit the Indian youth, including those in the region, with quality education in Management.'

Sunil Kant Munjal, Managing Director & Chief Executive Officer, Hero Corporate Service Limited:
'Given our strengths in manufacturing, we've been looking to promote a centre for manufacturing and operational excellence that would firstly help us replenish our talent pipeline, and secondly, make India's manufacturing sector globally competitive. In ISB, we have found the right partner to fulfill these objectives.'

Atul Punj, Chairman, Punj Lloyd Group:
Education will play a transformational role in growth and social well being of India and the Punj Lloyd Group is proud to be associated with the Government of Punjab, other Founder Supporters and ISB in this landmark public-private partnership which will play a critical role in generating a huge pool of skilled managers to meet not just India's but also the global skills shortage in the construction industry. I am delighted that the Punj Lloyd's Institute of Physical Infrastructure Management is being set up at the Indian School of Business at Mohali campus which will be a unique institute offering managerial skills in the infrastructure segment."

70 Acre land for Rs 70 per year

The Government of Punjab today, signed an agreement with Indian School of Business, Hyderabad (ISB) and four Indian business leaders to set up a second ISB campus at Knowledge City, Mohali. The agreement was signed in the presence of Punjab's Chief Minister Parkash Singh Badal by Anjali Bhawra, secretary of higher education, Government of Punjab; Rajat Gupta, chairman of ISB and four founder supporters of the ISB campus at Mohali. The four founder supporters include Analjit Singh, chairman & managing director of Max India; Rakesh Bharti Mittal, vice-chairman & managing director of Bharti Enterprises; Sunil Kant Munjal, managing director & chief executive officer of Hero Corporate Service; Atul Punj, chairman, Punj Lloyd Group.

"We are hoping to complete the new campus in April 2011 and will try to start the students intake in the same year, but most likely the first academic session at the ISB campus in Mohali is expected to commence in 2012," said Savita Mahajan, Associate Dean of ISB, who is going to take charge of the Mohali campus as the chief executive officer.

The 70 acres ISB campus site at Mohali has been allotted by the Punjab government on a 99 years lease at Rs 1 per acre annually. The complete expense for setting up the campus amounts to Rs 300 crore, out of which Rs 200 crore is being funded by the four founder supporters each contributing a sum of Rs 50 crore. The founder supporters will also extend their existing support for placements, internships, programmes on campus and visiting faculty to the ISB campus at Mohali. "The remaining Rs 100 crore still needs to be funded," added Mahajan.

ISB will set-up and run the Mohali campus with the support of existing associate schools, Wharton School and Kellogg School of Management, just like its Hyderabad campus.

The institute's Mohali campus will have four specialist institutes, termed as Centres of Excellence (CoE) for promoting research and offering additional specialisations in the Post Graduate Programme:

* Max India Institute of Healthcare Management
* Bharti Institute of Public Policy
* BML Munjal Institute of Manufacturing and Operation Excellence
* Punj Lloyd Institute of Physical Infrastructure Management

The Mohali campus proposes to have 280 seats in its Post Graduate Programme. It will also have several short duration Executive Education Programmes where approximately 750 professionals will be able to participate.

ISB will have a unified governance structure, with the ISB Board as the Statutory Body overseeing and supporting both campuses at Hyderabad and Mohali. The Deputy Dean, will be appointed to run ISB campus at Mohali, including the four CoE. It will additionally have the benefit of a Campus Advisory Board while the CoE will be advised by their individual Institute Advisory Councils. The ISB faculty will be available for teaching on both campuses and all standards and processes will be common across both campuses.


After Preity Zinta and King XI Punjab, Mohali has one more thing to cheer about. Indian School of Business (ISB) will be coming up in Mohali. Academic year will start in 2012. ISB Hyderabad is a very famous B School and could easily figure in the top 5 Business schools of India. But, ISB is a autonomous institute and does not release any numbers or statistics for the surveys. Now, MBA aspirants can consider themselves lucky as there will be more seats available in 2012.

280 seats will be available for ISB's famous Post-graduate Programme (PGP). The institute will be a public private partnership between the government of Punjab and ISB. Government of Punjab would lease out a land of 70 acres for ISB. Mohali institute will offer four additional specializations in

* Healthcare management
* Public Policy
* Manufacturing sciences
* Physical infrastructure management.

I hope, Mohali ISB would be as popular as Hyderabad ISB

Badal lays foundation stone of Indian School of Business

Punjab Chief Minister Parkash Singh Badal today laid the foundation stone for the new campus of the Indian School of Business [^] (ISB) in Mohali, Punjab, marking the start of construction of the school's first campus outside Hyderabad.

"Today is a red letter day in the history of Punjab. We have laid the foundation stone of the ISB, a world class management [^] education [^] institution, at Mohali. The ISB's presence will help facilitate the emergence of Mohali as an important centre of higher learning and help generate more employment opportunities," said Badal.

Emphasizing that scale is critical to creating impact in a large country such as India, Ajit Rangnekar said, "Our expansion with the new campus at Mohali is an important step in this direction, while also allowing us to foray into areas critical for India's development."

The move underscores the ISB's belief in achieving scale to effect a greater impact on business and society. Gracing the occasion were Punjab Education Minister Upinderjit Kaur, ISB Dean Ajit Rangnekar, founding supporters of the Mohali campus Analjit Singh, Pawan Munjal, Sunil Kant Munjal, Rakesh Bharti Mittal, Luv Chhabra and ISB Deputy Dean and Chief Executive [^] of the Mohali campus Savita Mahajan.

Upinderjit Kaur said during the occasion, "This is a historic event for us and it has given us immense joy. The Indian education system has been witnessing unprecedented growth in recent years, with special focus on expansion, quality and equity. The ISB is a premier management institution and it is our proud privilege for us that we are going to have its second campus at Mohali."

The ISB campus at Mohali will house four institutes focusing on areas critical to India's development, viz. Max India Institute of Healthcare Management, Bharti Institute of Public Policy, BML Munjal Hero Honda Institute of Manufacturing Excellence and Innovation, and Punj Lloyd Institute of Physical Infrastructure [^] Management.

Analjit Singh, Chairman of Max India Group said, "It is highly satisfying to have contributed to the development of ISB's Mohali campus as a founder supporter. We have had strong linkages with Punjab and it is a feeling of joy to see a World Class management institution taking root in the state."

Vice Chairman and Managing Director of Bharti Enterprises, Rakesh Bharti Mittal called it a great day for Punjab and said, "Bharti Enterprises is supporting ISB Mohali for setting up the Bharti Institute of Public Policy which will be a world class institute that promotes quality research [^] , executive education and full time courses in the area of public policy."

Chairman of Hero Corporate Service, Sunil Kant Munjal said, "The Hero Group is extremely privileged to be associated with ISB's venture at Mohali as a founding partner. We are confident that the BML Munjal Hero Honda Institute of Manufacturing Excellence and Innovation will become the region's premier institute for both best and next practices."

He added that "High quality education is the foundation of any strong society. The setting up of the ISB at Mohali will give further fillip to the region to continue to grow and provide talent both for the country and the region."

These institutes are being set up with generous contributions from the founding supporters of the ISB campus at Mohali to further research and education in the respective areas.

In addition to its founding academic associations with the Kellogg School of Management, The Wharton School and London Business School, the ISB has established an academic association with Massachusetts Institute of Technology's (MIT) Sloan School of Management to support the institutes in Manufacturing Excellence and Physical Infrastructure Management.

While the Wharton Association is being extended for the institute in Healthcare Management, the academic association for the institute in Public Policy is under finalization.

Spread across 70 acres, the ISB campus at Mohali will be equipped with state-of-the-art learning facilities such as lecture theatres, a 500-seater auditorium, student and faculty housing and a host of recreational facilities.

The master plan of the campus and the architectural design of the individual buildings combine the principles of traditional Indian design with contemporary campus standards, reflecting the ISB's character of being uniquely Indian and, at the same time, a global [^] institution.

The buildings adhere to the latest international building code and educational facility operating standards. The campus is designed to meet the Leadership in Energy and Environmental Design (LEED) Gold sustainability criteria.

The institute will also be equipped with energy-efficient mechanical and electrical fixtures, rain water harvesting, maximized day lighting and passive environmental controls. The campus has been designed by the leading international architects, Perkins Eastman, New York, in partnership with RSP, Bangalore, and is being project managed by Jones Lang Lasalle Meghraj.

The construction of the campus is expected to be completed by March 2012, and the first academic session for the Post Graduate [^] Programme in Management is scheduled to commence in April 2012, with an initial intake of 210 students.

The programme will offer students the option of specializing in the new streams that are slated for launch, in addition to the existing streams. The campus at Mohali will also conduct several short duration executive education programmes in various disciplines.

The School will have a unified governance structure, with the school's Executive Board as the statutory body overseeing and supporting both the campuses. The ISB will maintain consistency, a common set of standards and processes, and above all, an unwavering culture of excellence across both campuses.

The Indian School of Business is a premier management institution established in 2001. In a short span of nine years, the ISB has successfully pioneered several new trends in management education in India and has established itself as a leading B-school across the world.

The ISB has a strong pool of research oriented resident faculty and invites high caliber international faculty from reputed B-schools to teach in its Post Graduate [^] Programme in Management/ Executive Education Programmes and Post Graduate Programme in Management for Senior Executives as well as to participate in collaborative research with the resident faculty.

The ISB had been ranked 12 in Global B-School Rankings 2010 by Financial Times, London.
11 August 2010.

Last November, Analjit Singh, Rakesh Bharti Mittal, Sunil Kant Munjal and Atul Punj came together to invest Rs 200 crore in ISB's new campus at Mohali. Eight months later, the project has still not taken-off. The Government of Punjab had allocated 70 acres of land for a 99-year lease for a fee of Rs 1 crore annually. This was to be handed over in March 2009.

But CNBC-TV18 learns that the state government has now put the land acquisition on hold. The reason behind the move is that the project falls under the Department of Higher Education but a part of the 70 acres is under another department.

Rammohan Rao, Dean Emeritus, ISB, said, 'There are some issues about the land, but I think the government will be able to sort it out soon. We are hoping that in the next two months they will be able to sort it out and land will be handed to us.'

The Punjab Government refused to comment. But ISB plans have suffered a delay.

Rao said, "The government says that you start from some temporary premises and then worry about the land and building and so on. But our philosophy has been that let us get the infrastructure than otherwise starting in some temporary accommodation."

ISB wants to start four new courses and has plans for foreign collaborations. But till the government clears the land, the ambitions may not see the light of day.
If all goes well, ISB is hoping to complete its campus by early 2012 tentatively. And if that happens, aspiring students can await its all-new courses the following year.

Punjab Chief Minister Parkash Singh Badal yesterday laid the foundation stone of the new campus of the Indian School of Business (ISB) at Mohali -around 10 km from Chandigarh. It would be ISB's second campus outside Hyderabad. The construction of the first phase of the campus is expected to be completed by February 2012 and the first batch of 210 students will join in April. "This is an extremely important day for ISB. We can call it the second phase of ISB's journey that was started around 10 years ago. We are doing something that is of great importance to the nation," said ISB Dean Ajit Rangnekar.
The ISB campus that is coming up at Knowledge City in Sector 80 will also house four institutes focusing on different areas. These are institutes, which are more than any centre of excellence and they will promote both education and research in their respective fields. These institutes are set up with contribution of Rs.50 crore each, from the founding supporters of the ISB campus at Mohali.

Indian School of Business (ISB) is all set to launch the new campus in Mohali, Punjab. Punjab Chief Minister, Sardar Parkash Singh Badal laid the foundation stone for the new campus of the ISB in Mohali (Punjab) on Wednesday, August 11, 2010 marking the start of construction of the ISBs' first campus outside Hyderabad. The move underscores the ISB's belief in achieving scale to leave a greater impact on business and society.

Gracing the occasion were Dr. Upinderjit Kaur, Minister of Education, Punjab; Ajit Rangnekar - Dean, ISB, founding supporters of the Mohali campus, Analjit Singh, Pawan Munjal, Sunil Kant Munjal, Rakesh Bharti Mittal, Luv Chhabra and Savita Mahajan, Deputy Dean, ISB & Chief Executive, Mohali Campus.

On this auspicious occasion, Sardar Parkash Singh Badal said, 'Today is a red letter day in the history of Punjab. We have laid the foundation stone of the ISB, a world class management education institution, at Mohali. The ISB's presence will help facilitate the emergence of Mohali as an important centre of higher learning and help generate more employment opportunities. We are grateful to the four global corporate groups- Max India Ltd., Bharti Enterprises Ltd., Hero Corporate Services Ltd. and Punj Lloyd Group who have whole-heartedly supported us in promoting the ISB campus at Mohali.'

Dr. Upinderjit Kaur, Minister of Education, Punjab called it a historic event and said, 'This is a historic event for us and it has given us immense joy. The Indian education system has been witnessing unprecedented growth in recent years, with special focus on expansion, quality and equity. The ISB is a premier management institution and it is our proud privilege for us that we are going to have its second campus at Mohali.'

The ISB campus at Mohali will house four institutes focusing on areas critical to India's development, viz. Max India Institute of Healthcare Management, Bharti Institute of Public Policy, BML Munjal Hero Honda Institute of Manufacturing Excellence and Innovation, and Punj Lloyd Institute of Physical Infrastructure Management.

These institutes are being set up with generous contributions from the founding supporters of the ISB campus at Mohali to further research and education in the respective areas. In addition to its founding academic associations with the Kellogg School of Management, The Wharton School and London Business School, the ISB has established an academic association with MIT Sloan school of Management to support the institutes in Manufacturing Excellence and Physical Infrastructure Management.

While the Wharton association is being extended for the institute in Healthcare Management, the academic association for the institute in Public Policy is under finalization.

ISB mentions that the Mohali campus is spread across to an area of 70 acres and will be equipped with state-of-the-art learning facilities - lecture theatres, a 500-seater auditorium, student and faculty housing, and a host of recreational facilities. The master plan of the campus and the architectural design of the individual buildings combine the principles of traditional Indian design with contemporary campus standards, reflecting the ISB's character of being uniquely Indian and, at the same time, a global institution. The buildings adhere to the latest international building code and educational facility operating standards. The campus has been designed by the international architects, Perkins Eastman, New York, in partnership with RSP, Bangalore, and is being project managed by Jones Lang Lasalle Meghraj.

Savita Mahajan, who has been appointed as Deputy Dean, ISB and Chief Executive, Mohali Campus added, 'The ISB's focus at Mohali will be on emerging sectors such as Healthcare, Public Policy, Manufacturing and Physical Infrastructure Management, which form a vital part of our nation's development. It also makes our model distinct for a business school. We are thankful to our founding supporters for backing us in our endeavour.'

The construction of the campus is expected to be completed by March 2012, and the first academic session for the Post Graduate Programme in Management is scheduled to commence in April 2012, with an initial intake of 210 students. The programme will offer students the option of specializing in the new streams that are slated for launch, in addition to the existing streams. The campus at Mohali will also conduct several short duration executive education programs in various disciplines.

Ajit Rangnekar appreciated the effort and said 'We have always believed that scale is critical to creating impact in a large country such as ours. Our expansion with the new campus at Mohali is an important step in this direction, while also allowing us to foray into areas critical for India's development. We are grateful to Honorable Chief Minister of Punjab Sardar Parkash Singh Badal and the Punjab Government for wholeheartedly supporting us in our mission.'

The School will have a unified governance structure, with the school's Executive Board as the statutory body overseeing and supporting both the campuses. The ISB will maintain consistency, a common set of standards and processes, and above all, an unwavering culture of excellence across both campuses.

The initial investment is of Rs. Two crores and the amount has been contributed equally by the Founding Supporters Analjit Singh, Atul Punj, Pawan Munjal, Sunil Kant Munjal and Rakesh Bharti Mittal.

ISB signs memorandum with foreign universities

ISB signs MoU with MIT Sloan

The Indian School of Business (ISB) signed a memorandum of understanding (MoU) with the MIT Sloan School of Management to develop two new institutes at ISB's upcoming campus at Mohali. The proposed institutes are The BML Munjal Institute of Manufacturing Excellence and Innovation and the Punj Lyod Institute of Physical Infrastructure Management.

After the MoU was signed by ISB dean Ajit Rangnekar and David Schmittlein, John C Head III dean of MIT Sloan, HRD minister Kapil Sibal said that this collaboration has a unique business model which aims to improve innovation, especially in the wake of collapsing past and uncertain future.

On the proposed Foreign Education Bill, Sibal clarified the foreign universities would not get any special preference in India. 'We want to give them national treatment. They should have stake in the system. We don't want fly-by-night institutions. We want them to invest in India.'

The entry of foreign universities in India would help in building faculty and innovation. He said the proposed legislation would improve the overall quality of education in the country.

ISB chairman Rajat Gupta also emphasised that the institution is not afraid of any kind of competition if the Bill is implemented in its total form. The association with MIT Sloan, which has legendary expertise in the area of manufacturing and infrastructure management, would help to build collaborative research programmes. 'This is a first of its collaboration wherein ISB, a signature in innovation, would bring in lot of capabilities for joint research programs,'' he added.

Rangnekar said that MIT Sloan will support ISB in developing the two institutes at Mohali and will involve in providing a faculty support and curriculum design in the areas of manufacturing, operations and management of large infrastructure; assisting faculty recruitment for ISB; providing teaching opportunity for MIT faculty at both Hyderabad and Mohali campus; joint executive education programmes; and facilitating a joint action learning projects for the students.

ISB placement in full throttle
After a recessionary phase, placements at ISB seem to be gain momentum. On the occasion of its ninth graduation day, ISB dean Ajit Rangnekar stressed the number of companies which came for hiring are up by a third and so the jobs are also up by a third. 'While there has been a 40% increase in the consulting jobs, 120% up for tech jobs and 30% hike in finance jobs,'' he said.

Apr 04, 2010


First batch at ISB Mohali ( ISB Mohali admissions)
September 13, 2010

First batch at ISB Mohali to commence in April 2012. Admissions will open in 2011.

The ISB Mohali campus will have four institutes focusing on areas critical to India's development: Max India Institute of Healthcare Management, BML Munjal Hero Honda Institute of Manufacturing Excellence and Innovation, Bharti Institute of Public Policy and Punj Lloyd Institute of Physical Infrastructure Management.

In addition to the existing partner schools, ISB has partnered with MIT Sloan to support these institutes.

The construction of the Mohali campus is expected to be completed by March 2012. Thee first academic session is expected to commence in April 2012, with an intake of 210 students.

Political party demands reservation (Maharashtra Style)

Punjab Congress demands 50 per cent seats in Mohali ISB for weaker sections
Friday, 13 August 2010
CHANDIGARH: The Punjab Pradesh Congress Committee President Mohinder Singh Kay Pee has demanded 50 per cent reservation in the Indian School of Business, Mohali, for the economical weaker sections whose fee should be paid by the state government.

Welcoming the setting up of the top notch business school in Mohali, he said the state government had donated more than Rs. 100 crore of land virtually free to the consortium of four industrialists for setting up this project. However, the fee structure announced by the management at Rs. 17.50 lakh per annum was exorbitant which the students from the weaker sections cannot afford. As it was the state government which had provided land, the interests of the economically weaker sections must be protected.

Some regulatory mechanism must be evolved for this purpose as in the welfare state, the state government has to care for the people at large and not just a few from the higher strata of the society.

In a statement issued here, he said the rich can afford to send their children any where in the world for higher studies but the issue was of providing quality education to the "aam student" at affordable cost. He said Badal could afford to send his son Sukhbir Singh to USA and his nephew Manpreet Singh to UK for higher studies during militancy but an average person in Punjab cannot afford such luxuries.

Kaypee pointed out it was Prime Minister Dr. Manmohan Singh who had announced the setting up of knowledge city of which this business school is a part and as such, the Parkash Singh Badal should not project it as the achievement of his government.


He said most of the ongoing development projects in the state for which the Badals were taking credit were being funded by the Dr. Manmohan Singh government as part of the central schemes including under the Jawahar Lal Nehru Urban Renewal Mission.

He demanded that the Badal should provide details as to which of the projects were being funded by the state government. He said it was the private investment which had been roped in for the thermal power projects and similar was the case with many other projects.

ISB in soup

The Indian School of Business (ISB), which is run by some top-notch Business houses, is setting up its second campus in Mohali(near Chandigarh), Punjab.

The cash-strapped Punjab government has given ISB, which is one of the richest B-Schools in the world, a subsidised entry in Mohali, giving it 70 acre of land for Re 1 per acre for 99 years. In this project, Punjab State Government earns virtually nothing. The government has acquired the land at Rs 63 lakh per acre and the present value is estimated to be around Rs 1.50 crore per acre. To recover this cost, the Greater Mohali Area Development Authority(GMADA) sold a housing priject scheme which is oversubscribed by around 75 times.

The intake for ISB Mohali will begin in 2012 and a total of 200 students would be admitted. Each student would be charged Rs 17.50 lakh per year. ISB is promoted by four major business houses, Bharti Enterprises, Punj Llyod, Max India and Hero Honda Motors ltd. Each of them has promised to invest Rs 50 crore in the new campus. At the foundation stone laying ceremony, the promoters Analjit Singh(Chairman, Max India) and Sunil Kant Munjal(MD, Hero Cycles) refused to be drawn into any controversy of the under-priced allotment of land worth crores to them.

'The land has been allotted at a nominal rate because it is a corporate social responsibility initiative on our part. We are not going to make any profit through this business school, but are investing Rs 200 crore for this project,' said Munjal.

The promoters have also proposed to reserve a certain number of seats for the meritorious students from economically weaker sections of the society. This seems to be a step to justify government's generocity towards ISB. The promoters also said that they would pay all charges according to the terms and conditions as agreed upon by Punjab State Government.

It is to be noted that ISB had set up its first campus in Hyderabad in 2001 and has established itself as a top-notch B-School in this decade, not only in India, but also globally. After ICFAI and Narsee Monjee, it is another big name which is being drawn towards the Tricity (Chandigarh-Panchkula-Mohali) region.

Among the architectural marvels of Chandigarh is a hand—thumb taut, fingers outstretched and palm relaxed, the hand of a man as a dove, an image about which the city's French architect Le Corbusier once said: 'It is open…open to receive, open also that each may come there to take.'

Corbusier could have spoken those words for the Knowledge Park in suburban Mohali, located 15km away from Chandigarh, where a 70-acre plot has been earmarked for the second campus of the Hyderabad-based Indian School of Business (ISB).

The Financial Times has ranked ISB 12th among business schools worldwide for 2010. Its new campus is being looked upon as a game changer not just for Mohali, but also for Punjab—a formidable entrepreneurial magnet for small and medium enterprises in the region, a skill development resource centre for its farming and manufacturing businesses and a symbol of its intellectual capital.

At least once a month, chief executive Savita Mahajan makes a trip to the site, next to another under-construction campus of the Indian Institute of Science Education and Research. 'People ask: why Mohali? It's an extension of Chandigarh, but then what was Hyderabad 20 years ago?' argues Mahajan, implying that the new school could transform Mohali.

S.S. Sandhu, managing director of the government's Punjab Infrastructure Development Board, which is entrusted with attracting private investment for infrastructure creation and upgrades, says the B-school and good infrastructure would together help accelerate economic and industrial development in the state.

ISB-Mohali has the backing of four high-profile investors hailing from Punjab: Analjit Singh, chairman and managing director of Max India Ltd; Rakesh Bharti Mittal, vice-chairman and managing director of Bharti Enterprises Ltd; Sunil Kant Munjal, managing director and chief executive of Hero Corporate Service Ltd; and Atul Punj, chairman of Punj Lloyd Ltd.

The Punjab government had been lobbying for an Indian Institute of Management (IIM) campus, but lost out to Haryana. With a little push from Prime Minister Manmohan Singh's office, the four corporate partners then offered it Rs200 crore of investment to set up ISB-Mohali with four centres of excellence in infrastructure, manufacturing, public policy and healthcare, people familiar with the developments say.

'They (the investors) obviously wanted to give something back to their state,' says Mahajan.

Mahajan volunteered to lead the task. From being a founding member of Maruti Udyog Ltd (now Maruti Suzuki India Ltd) in 1981 to launching ISB-Hyderabad, start-ups have excited the IIM-Ahmedabad graduate. 'The challenge is to make sure that the Mohali campus is as good as its parent institute,' she says.

Her key associates are Madanjit Singh Randhawa, a retired Delhi Police official and resident of Amritsar in Punjab, and Jiten Grover, assistant director for the Mohali campus who is an alumnus of the parent institute.

Randhawa is helping Mahajan deal with the the state government. 'A farmers' agitation stalled the process. Talking to the government and requesting for prompt allotment of an alternate site were challenges that threatened to delay the project,' he says.

Grover helps manage accounts and oversee architectural aspects of the upcoming campus. With Mahajan mostly in Hyderabad, the two manage the affairs in Mohali on her behalf.

Specialized training

In a first for an Indian B-school, ISB-Mohali's four centres of excellence will offer specialized training in industry verticals rather than in generalised functions such as marketing or finance. They would also offer management courses in areas in which they transact business.

'The public policy school will target bureaucrats and other government officials. Students who opt for the programme can be hired in consulting firms, think tanks, multilateral organizations and large banks,' Mahajan says.

Each centre has been named after one of the investors—Max India Institute of Healthcare Management, Bharti Institute of Public Policy, BML Munjal Institute of Manufacturing and Operation Excellence and Punj Lloyd Institute of Physical Infrastructure Management.

The new campus will offer 140 seats in its first year and need at least two dozen faculty members. Applications for faculty jobs were invited in advertisements in The Economist magazine.

Simultaneously, Mahajan is fielding recommendations for the posts of heads of the four centres. The director for the institute will be selected from ISB's faculty at Hyderabad.

For joint programmes at the new campus, the school may soon tie up with US-based Massachusetts Institute of Technology and Harvard's John F. Kennedy School of Government. Wharton School and Kellogg School of Management, ISB's associate schools at its Hyderabad campus, will continue to be its partners for general management programmes at Mohali.

Many of the challenges facing the Mohali campus are the same as those faced in Hyderabad a decade ago. Pramath Sinha, founding dean of ISB and founder and managing director of 9.9 Mediaworx Pvt. Ltd, had then found the name of the location of the parent school ridiculous.

'When we first went there, we used to be embarrassed to say that ISB is in Gachibowli. We used to laugh and think if we could change the name,' he remembers.

But Gachibowli's transformation from a shabby address to becoming Hyderabad's upscale location, with 5-star hotels, a sports academy and the offices of information technology companies, was swift. Top software companies such as Microsoft Corp., Wipro Ltd and Infosys Technologies Ltd flocked to set up offices there after ISB opened. Some 350 ISB students also chose to take up jobs in the city itself, more than the number of alumni in cities such as Bangalore, Delhi and Chennai.

For instance, Shruti Sharma, an ISB alumnus of 2006, thought it made more sense to join her family business in electricity meters than take up a corporate job. Since last year, when she took over the business, her manufacturing unit Riken Instrumentation Ltd in Haryana's Panchkula district posted a profit of Rs22 crore, up from Rs7 crore.

'ISB lessons in managing businesses and effectively cutting costs can make businesses more profitable,' she says.

Attracting business

One of the earliest companies to set up base in Gachibowli was Microsoft, for which the state government asked the institute to part with some of its land. 'I immediately said yes,' says Sinha. 'People today complain that it mars our front gate, but I agreed because I could see the value of a Microsoft research centre next to ISB.'

Sinha's argument echoes in research economist AnnaLee Saxenian's studies on the Silicon Valley in the US.

Saxenian's 2006 book, The New Argonauts: Regional Advantage in a Global Economy, explores how the movement of skilled labour becomes a powerful economic force for the development of formerly peripheral regions, as people, ideas and geographies combine and connect into hubs of economic activity. This, she argues, is generating profound transformations in the global economy.

For ISB-Mohali, the number of students graduating will attract companies for placements. 'Other things that an institution like ISB can do is boost visitors to the place for seminars, conferences and bring visibility to the state,' Sinha adds.

At ISB-Hyderabad's Wadhwani Centre for Entrepreneurial Development, which offers various short-term modules on business development and managing start-ups, 12 ventures are being incubated in areas as diverse as clean technologies and solar energy to tourism. The centre has also incubated at least 70 local businesses in Hyderabad, refining their business plans, marketing and financial strategies and team building techniques.

Executive director Krishna Tanku says they will have a bigger role to play in Punjab, underlining three sectors of interest: poultry, packaging technologies and precision components.

To cite an example, he says, management of water levels in chicken through a simple device for monitoring pH (a measure of acidity or alkalinity) could help a farmer make more profits in his business. 'Our students in collaboration with local enterprises can work out simple things to improve operations. Often, such companies begin with hiring students for consulting projects and end up with job offers,' Tanku says.

His centre has already begun collaborating with research and development labs on projects, which could have implications for Mohali. 'Linking all the R&D (research and development) institutions in the Knowledge Park in Mohali to develop technology ideas and join our students to develop business plans could be a good way to begin,' he says.

But he also cautions that political will is crucial to allow schools to bring about major economic changes in their vicinity. 'Look at the Indian Institute of Technology in Kanpur,' he says. 'It's been there for 50 years but it hasn't done anything for the city. It stands like an ivory tower in the midst of a city that has completely died.'



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