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The Indian School of Business (ISB) today said its alumnus Neeraj Arora, who is also Vice President of messaging app WhatsApp, has instituted a perpetual merit-cum-need based scholarship for a deserving woman student of its Post Graduate Programme in Management.
The first recipient of the scholarship is Salini Tiwari, a woman dental surgeon from Andaman & Nicobar Islands.
Titled the 'Jagannath Arora Scholarship', Arora has instituted this scholarship to fulfill his father's aspiration to support talented and deserving young women professionals pursue a career of their choice, it said.
"My alma mater holds a special place in my life -- not only did I learn a lot, I also became part of a network that I have relied on and benefitted from, over the years. So to make the school even stronger, I would like to give back and will continue to do so in the coming years," Arora said.
This is the second such scholarship from an ISB alumnus. The first was the Phoenix Nurture India scholarship instituted by Amit Khanna, Founder, Phoenix Holdings, ISB said.
"Our alumni are the true 'owners' of the ISB and it is heartening to see an increasing number of them come forward in making world-class education accessible to the deserving young students. We are thankful to Neeraj, Amit, and the others, as these scholarships will ensure that meritorious students will not miss a deserving opportunity due to financial constraints," ISB Dean Rajendra Srivastava said.
ISB is witnessing a steady increase in funding support from its alumni body with over 450 alumni of ISB holding CXO titles, and 400 co-founders of start-ups.
Apart from this, ISB alumni contribute in different ways from admissions to placements, research, and projects and most importantly play an active role in supporting the schools growth trajectory, ISB said.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)