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TCS Foundation to fund restoration and upgradation with a grant of Rs. 20 crore
AHMEDABAD, September 23, 2016: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading global IT services, consulting and business solutions organization, today announced its not-for-profit arm, TCS FOUNDATION, has signed an agreement with Indian Institute of Management, Ahmedabad (IIMA) to restore and reimagine the Vikram Sarabhai Library located at IIMA’s iconic Louis Kahn Plaza into a future-ready knowledge hub for Digital learning and collaboration.
TCS FOUNDATION, engaged in promoting and funding projects and programs under corporate social responsibility, willsupport this landmark project with funding of Rs 20 crore. The restoration and upgradation of iconic Vikram Sarabhai Library is expected to be completed by 2018.
Vikram Sarabhai Library at IIMA’s Louis Kahn Plaza is a landmark structure that leaves visitors awestruck. Its design and grandeur is almost impossible to miss. The iconic Louis Kahn buildings have witnessed years of academic lives on campus and even withstood the Gujarat earthquake, but have aged so as to need restoration and upgrade on priority. IIMA has initiated a program for the important and painstaking process of restoration and upgrade of these structures.
The reimagined Library will provide a technology-rich learning environment that will include intelligent identification technologies, seamless integration, and discovery of digital content. There will be an emphasis on digital collections, while print collections will retain their importance to the library. Open and flexible spaces will be provided to create an environment of collaboration among students, academics and visitors.
Speaking on the occasion, Rajesh Gopinathan, Chief Financial Officer, TCS said: “IIMA plays a pivotal role in providing world-class management education for tomorrow’s leaders and TCS Foundation is proud to help in making this landmark library future ready by introducing leading-edge digital learning technologies and flexible collaboration spaces. Once completed, this library will become a benchmark for knowledge management among academic institutions globally.”
“I am thankful to TCS Foundation for supporting this critical project. The library is the heart of academic endeavors at IIMA and TCS’ contribution will help generations of future leaders and change agents in enterprises and in society. The research environment at IIMA will be significantly strengthened through this contribution, bringing our library on par with some of the best management schools worldwide,” said Prof. Ashish Nanda, Director, IIMA.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™, recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 362,000 of the world’s best-trained consultants in 45 countries. The company generated consolidated revenues of US $16.5 billion for year ended March 31, 2016 and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. For more information, visit us at www.tcs.com
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About Indian Institute of Management Ahmedabad (IIMA)
Established in 1961, the Indian Institute of Management, Ahmedabad (IIMA) is recognized globally for excellence in management education. One of the top management schools in the world, IIMA educates leaders of the enterprises.
The Institute’s strategic priorities include: strengthening connection with its various constituencies, including academics, practitioners, alumni, and the community; nurturing a high performance work environment of stretch, autonomy, and teamwork; and strategic growth while maintaining emphasis on quality.
As per the latest ranking by The Economist, IIMA is No. 1 School in the world on the parameter of opening up new career opportunities for students. The flagship Post Graduate Programme (PGP) is ranked 16th in the Financial Times Masters in Management Ranking 2016. As per the Financial Times’ Global MBA Ranking 2016, IIMA’s Post Graduate Programme for Executives (PGPX) is ranked 24th in the World.