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ISB: A Leading Business School in India |
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Background NoteThe idea of starting ISB was conceived in late 1995. The founders had a vision to create a unique and enduring global, research-oriented and independent academic institution to nurture, train and transform the coming generation of students into future leaders and entrepreneurs of global stature. The founders had to tackle the Indian bureaucratic system that is quite notorious for unnecessary delays in allowing new projects to get off the ground. Funding the total cost of the project which was estimated to be around $80-100 million (mn)6 was yet another challenge.
After a lot of deliberations over where the school should be set up, the founders decided they would opt for one of the larger metropolitan cities like Kolkata, Bangalore or Mumbai...
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6] As on February 6, 2004, 1 US $ = INR 45.295 |
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