Ahmedabad/New Delhi: January 29, 2026: The Indian Institute of Management Ahmedabad (IIMA) today exchanged a
Memorandum of Understanding (MoU) with Ms. Chandrika Krishnamurthy Tandon and Mr.
Ranjan Tandon for the establishment of the Krishnamurthy Tandon School of Artificial
Intelligence at IIMA. The MoU was exchanged in the presence of Dharmendra
Pradhan, Union Minister of Education, Government of India, in New Delhi, and Ambassador
Vinay Kwatra virtually in the USA.

The School will be established through a generous endowment of ₹100 crore by Ms. Chandrika
Krishnamurthy Tandon, an alumna of IIMA’s PGP Class of 1975, and Mr. Ranjan Tandon.

As a School of Artificial Intelligence housed within a management institute in India,
the Krishnamurthy Tandon School of Artificial Intelligence will operate at the intersection of
technology, management, and public impact. With a strong global outlook, the School will focus
on addressing India’s unique and complex challenges through the responsible and effective
application of AI.

Anchored in IIMA’s long-standing legacy of leadership, governance, and institution-building, the
School aims to shape how artificial intelligence is developed, deployed, and governed to create
enduring business and societal value. It will serve as a natural extension of IIMA’s mission to
advance the future of management education in an increasingly AI-driven world.
Envisioned as a hub for business-focused and translational AI, the School will bring together
world-class faculty, industry leaders, policymakers, and global partners to redefine the frontiers
of AI research and application. Its research agenda will be application-led and case-based, rooted
in real-world managerial, institutional, and societal challenges. The School will focus on
translating cutting-edge AI research into deployable solutions, tools, frameworks, and scalable
systems that enhance decision-making, improve productivity, and address complex challenges
across industry, government, and society.

Sharing her motivation behind establishing the School at IIMA, Ms. Chandrika
Krishnamurthy Tandon, said, “It is an honour and privilege to be able to contribute to my
beloved alma mater, IIMA, in such a pivotal area – one that I believe will redefine business and
society in the years to come. I hope the Krishnamurthy Tandon School of Artificial Intelligence
will allow us to train a new generation of far-thinking visionary leaders and help India address
some of the most significant needs using the best technology and minds. Many of these lessons
and learning will also be relevant to the world. It promises to be an exciting journey ahead.”

Ms. Chandrika Krishnamurthy Tandon is a distinguished business leader, philanthropist, and
global advocate for education and the arts. An alumna of IIM Ahmedabad (PGP 1975) and
former partner of McKinsey, she is the founder of Tandon Capital Associates, a firm focused on
strategic advisory and investment. She is also an internationally acclaimed Grammy®-
Award–winning musician, and her philanthropic work spans education, culture, and institutional
development across the world. She is a trustee of New York University (NYU) and has served
on the board of many schools and institutions, including NYU Stern and the NYU Langone
Health system. She established the Tandon School of Engineering at NYU, where she served as
Chair of the Board until December 2025, as well as the Boyd Tandon School of Business at
Madras Christian College, Chennai. Mr. Ranjan Tandon, an IIT Kanpur and Harvard Business
School alumnus, is the founder and chairman of Libra Advisors and manages the Tandon family
office. The Tandons have established faculty chairs and programs at Harvard Business School,
Yale University, and the Berklee College of Music. DeshGujarat