The Punjab government signed a tripartite agreement with Indian School of Business (ISB) Hyderabad, and four Indian business leaders on November 4, to establish a second ISB campus at the Knowledge City, Mohali (Punjab). Signatories to the agreement were chief minister Prakash Singh Badal, Rajat Gupta (chairman ISB) and four ‘founder supporters’ — Analjit Singh (chairman Max India Ltd); Rakesh Bharti Mittal (vice-chairman & managing director of Bharti Telecom), Sunil Kant Munjal (managing director Hero Honda) and Atul Punj (chairman Punj Lloyd Group).
A 70-acre site in Mohali has been allotted by the Punjab government on a 99-year lease at Rs.99 per annum, for construction of the second ISB campus. The first academic session of ISB Mohali is scheduled to commence in 2012.
Under the terms of the tripartite agreement, ISB Hyderabad with the support of the US-based Wharton School and Kellogg School of Management will construct the Mohali campus to enable it to provide world class postgraduate programmes in business management, and short duration executive education programmes. ISB Mohali will host four centres of excellence, for promoting research and offering additional specialisation in its postgraduate programme — Max India Institute of Healthcare Management; Bharti Institute of Public Policy; BML Munjal Institute of Manufacturing and Operation Excellence; and Punj Lloyd Institute of Physical Infrastructure Management.
ISB Mohali will admit 280 graduates into its 12-month postgraduate business management programme, and offer several short duration executive education programmes to 750 business professionals annually.