ISB

Indian School of Business India School of Business The entrance to ISB's Hyderabad campus Established 2001 Type Private business school Chairman Adi Godrej (2011-present) Dean Ajit Rangnekar Co-Founders Rajat Gupta and Anil Kumar Academic staff 49 Permanent Faculty 105 Visiting Faculty [1] Students 847 Location Hyderabad, Telangana/Mohali, Punjab, India 17°21′58″N 78°28′34″ECoordinates: 17°21′58″N 78°28′34″E Campus Urban Nickname ISB Indian School of Business (ISB) a private business school in India with campuses at Hyderabad and Mohali is a non profit organization.[citation needed] The school was founded by two senior executives of McKinsey & Company and is governed by a board comprising both Indian and non-Indian businessmen. ISB has been ranked 36th in the world in the 2014 Financial Times Global MBA Rankings.[2] ISB is the first business school in South Asia to be accredited by the Association to Advance Collegiate Schools of Business.[3] However, ISB is not accredited by the Indian statutuory body, the All India Council for Technical Education (AICTE).[4] ISB has chosen not to apply for accreditation by AICTE as it offers neither a diploma nor a degree.[5] ISB was started in 1996 by a group of businessmen and academicians. Co-founders Rajat Gupta and Anil Kumar (both McKinsey & Company senior executives) worked together and directed teams of McKinsey consultants to start the school. First, the Executive Board was formed of national and international business leaders: Gupta recruited U.S. leaders while Kumar recruited Indian leaders. Next, ISB established formal partnerships with international business schools: Kumar recruited Wharton and Gupta recruited Kellogg.[6] Finally, Pramath Sinha, then a junior partner at McKinsey in India, was persuaded by Gupta and Kumar to take a leave of absence from McKinsey to be the school's first dean. Rajat Gupta became the school's first chairman and was succeeded by Adi Godrej as chairman in 2011. The State government was pivotal in sanctioning ISB's 260-acre campus in September 1998. The foundation stone for the campus was laid in Hyderabad in 1999 and was inaugurated by Prime Minister of India Atal Bihari Vajpayee in 2001.[7] Accreditation ISB is accredited by the Association to Advance Collegiate Schools of Business.[8] AACSB is a non-profit membership organization that provides a quality certification to its member schools and their programs similar to EQUIS or AMBA.[9] This accreditation does not serve to establish an MBA equivalence for ISB's flagship Post Graduate Program (PGP) in Management. ISB is not accredited by the All India Council of Technical Education (AICTE),[10] a statutory government body which accredits specific under-graduate and post-graduate programs. ISB has not applied for accreditation by AICTE as it is not a University and it does not offer either a degree or a diploma.[11][12] Another reason for ISB not being keen on getting AICTE approval is that it wants to retain the flexibility in running its programs and in responding to changing industry needs. Hyderabad Campus Hyderabad Campus Spread over 260 acres. The heart of the campus is the academic centre, which houses lecture theatres, classrooms, faculty offices, the learning resource centre (LRC) and a 500-seat auditorium. the campus was set up in 2001 and is spread across 260 acres.[15] Mohali Campus ISB's Mohali Campus ISB's Mohali campus commenced operations on April 14, 2012. The Mohali campus offers ISB's Post-Graduate Programme and additional short term executive education programs. Sprawling over 70 acres of area, the campus is self sustainable with all the amenities and facilities for the students, faculty and the staff located within a ten minute walking radius of the campus centre. The entire campus is wi-fi enabled. The academic block houses lecture theatres, faculty offices, faculty lounge, the learning resource centre and the atrium plays host to the 500-seater auditorium besides a coffee shop. In addition, the campus also hosts four other research institutes: