Alumnus Kumar Mangalam Birla, Chairman of the Aditya Birla Group, has announced the creation of a £15 million endowed scholarship programme at London Business School to support the education of 10 full-time MBA candidates every year in perpetuity. Five of the scholarship recipients will be from India and five from the rest of the world.

The BK Birla Scholars Programme honours the legacy of Mr Birla’s late grandfather, celebrated industrialist, philanthropist and pioneer Basant Kumar (BK) Birla. A humble and visionary leader, BK Birla (1921-2019) viewed access to higher education as a fundamental right for all. The BK Birla Scholars Programme marks the largest endowed scholarship gift to a European Business School.

BK Birla Scholars will represent the most impressive talent across the School’s full-time MBA programme, and will embody academic excellence and high leadership potential. The top 5% of the class will be eligible for the award. The award will represent the mark of highest distinction among students. The first cohort will start in Autumn 2019.