Monday, April 30, 2012



I am happy to share that as on April 1, 2012 we crossed the first milestone of XEF (XLRI Endowment Fund), crossing Rs.1 crore. This happened because of the generous contributions by :

Jose Parayanken (Rs.50 lakhs) : BME-81, Founder & Managing Director, Mozambique Holdings. Ltd. Recipient of the prestigious Pravasi Bharatiya Samman Award in January 2012. Recipient of the Distinguished Alumnus Award in 2011

Jaspal Bindra (Rs.20 lakhs) : BM-84, Group Executive Director & Chief Executive Officer, Asia, Standard Chartered Bank, and Member, Board of Governors, XLRI. Recipient of the Distinguished Alumnus Award in 2011

Vineet Nayar (Rs.5 lakhs) : BM-85, Vice Chairman & CEO, HCL Technologies, and Member, Board of Governors, XLRI. Recipient of the Distinguished Alumnus Award in 2010

N Krishnakumar (Rs.5 lakhs) : BM-83, Co-Founder & Managing Director, MindTree Consulting. Recipient of the Distinguished Alumnus Award in 2012

Surojit Shome (Rs.5 lakhs) BM-86, MD & Country Head, Rabobank International, India

Samir Sahu (PM-86)and Ingrid Sahu (BM-86) (Rs.5 lakhs)

Alok Sinha (BM-86)(Rs.5 lakhs), MD, Oil & Gas Group, Standard Chartered Bank

Harish K. (PM-85)(Rs.2 lakhs)

Chris Doyle (BM-73) (Rs.1 lakh)

Sudhir Mathulla (BM-84) (Rs.50,000)

Ashok Krishen (PMIR – 86)(Rs.5 lakhs)

Our analysis reveals, that as of April, 2012 the breakup of contributions has been:
Amount Contribution(s)
  • Rs.50 lakhs                          1
  • Rs.20 lakhs                          1
  • Rs.5 lakhs                            5
  • Rs.2 lakhs                            1
  • Rs.1 lakh                              10
  • Rs.50,000                             22
  • Below Rs.50,000                 16
Our target is to cross Rs.20 crores by the end of April 2013.This means we have to raise nearly USD 4 million.To meet this target, we plan to have alumni get-togethers in U.S.A., Dubai, and Singapore, besides alumni meets in the country.

Some of you are keen to know : what would XLRI do with the funds?
1. Upgrade the existing Physical Infrastructure to world-class standards.The new campus may cost us around Rs.50 to Rs.60 crores.
2. Create Chair Professorship. Each Chair would need around Rs.4 to 5 crores.
3. Scholarships or loan to the needy students.
4. Support Global Research.
5. Support the expenses for Global Branding of XLRI.
6. Support the social initiatives of XLRI in the area of education for poor, rural entrepreneurship and alike on a sustained basis.

A news write-up in April 5 Telegraph stated that IIM-A has set a target to raise Rs.250 crores, that is, approximately USD 50 million. By April 5, they have raised about Rs.8 crores, and in the Golden Jubilee Celebration held in December 2011, the alumni promised to contribute Rs.38 crores. I am confident Excellors would be equally generous.

Sharad Sarin
Coordinator : XEF

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