IIM Bangalore Launches India’s First Global Centre for PEVC

August 26, 2024

On August 25, 2024, the Indian Institute of Management, Bangalore (IIM-B), signed an important agreement with Mathew Cyriac, a former student and the Executive Chairman of Florintree Advisors Pvt Ltd. This partnership aims to establish India’s first Global Centre of Excellence focused on Private Equity (PE) and Venture Capital (VC). This is a major step forward in improving finance education and research in India.

About Memorandum of Understanding

The Memorandum of Understanding (MoU) is a formal agreement between IIM-B and Mathew Cyriac to create a top-tier institution on the IIM-B campus that will specialize in Private Equity and Venture Capital. This new Centre will be named after Tony James, a well-known investment banker, in recognition of his significant contributions to the industry.

What are the Goals of the Centre?

The main goal of the Centre is to become a global leader in the fields of Private Equity and Venture Capital. It aims to create a strong environment that encourages detailed research and inspires new ideas in these sectors. Mathew Cyriac’s support for this initiative is the largest financial contribution ever made by an alumnus to IIM-B. Besides providing funding, he has also suggested naming four classrooms after the professors who taught his group of students. Additionally, he is helping to create scholarships for students pursuing postgraduate and PhD programs.

What are the Mission and Vision of the Centre?

The Centre’s mission is to build a collaborative environment that brings together academics, industry experts, and regulatory bodies. Its vision is to develop world-class talent in Private Equity and Venture Capital by connecting students with industry leaders, which will enrich their learning and give them valuable practical experience. The Centre will be a central place for advanced research and educational activities. Students will have the chance to learn about the latest trends in Private Equity and Venture Capital, engage in hands-on fieldwork, and receive mentorship from experienced professionals in these fields.

About Indian Institute of Management Bangalore

Indian Institute of Management Bangalore (IIM-B) was established in 1973 and is one of India’s top business schools. It was the first IIM to receive international accreditation from the Association to Advance Collegiate Schools of Business (AACSB) in 2016. The IIM-B campus, spread over 100 acres, was designed by the famous architect B.V. Doshi. The institute launched India’s first Executive MBA program and is home to Asia’s largest management library. IIM-B also has a strong startup ecosystem, supported by initiatives like the NS Raghavan Centre for Entrepreneurship.

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