The University of Chicago Booth School of Business will offer students from India a new scholarship, supported by a $3 million gift from the Ramakrishnan family. The Guru and Anupama Ramakrishnan Endowed Scholarship Fund will provide tuition support annually to three incoming students from India who are enrolled in Chicago Booth’s Full-Time MBA Program.
A 1988 Booth alumnus, Ramakrishnan is founder and Chief Investment Officer of Meru Capital, based in New York City. A native of Chennai, India, Ramakrishnan began his career at Morgan Stanley in 1988, where he worked until 2005, when he co-founded the hedge fund/private equity firm Old Lane. He founded Meru Capital in 2009.
Currently New York City residents, Anupama and Guru return frequently to India, where they are involved in several philanthropic endeavors.
"It is our pleasure and privilege to support this world-class institution that has helped shape my intellectual and professional growth. To be able to find a way to give back, which also benefits aspiring students from India, makes it doubly rewarding," Guru Ramakrishnan said. "We hope that talented students from all over India, with the availability of these scholarships will view Booth as their school of choice to attend."
Awards from the Guru and Anupama Ramakrishnan Scholarship will be available to qualified students beginning this fall, when three first-year students will each be awarded $25,000 per year, totaling $50,000 each for the two-year program.
"On behalf of Chicago Booth, I want to extend my appreciation to Guru and Anupama. Their generosity is matched only by their vision for this scholarship program, and we look forward to working with them for many years in supporting the aspirations of students from India," said Chicago Booth Dean Sunil Kumar. "Given the strong applicant pool from India, this scholarship will allow more talented students to study at Booth."
India represents the largest non-U.S. population in Chicago Booth's full-time class.