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ess inIndia I by Sharon Shinn its first class of MBA graduates in June 2002. Hello, world—the Indian School of Business has just opened its doors. The brainchild of a handful of American citizens of Indian ori- t's the perfect fusion of business and academe. Its goal is to create a world-class business school environment that will produce students capable of working at top compa- nies anywhere in the world, though they may have a bias toward those headquartered in India. And it will produce gin—but the creation of legions of professors and business pros— the ISB is a business school truly designed by business. Among the multinational corporations that contributed heavily to its found- ing are DaimlerBenz, Goldman Sachs, Citibank, and McKinsey & Co. Indian contributors include ITC Limited (the former Imperial Tobacco Company), Hindustan Lever, Godrej Group, and Bajaj Auto Limited. Representatives from many of these com- panies are also on the governing board of the new school. The school is being organized and run by ISB's first class and faculty Dean Goshal ate, their diplomas will bear the seals of ISB, Kellogg, and Wharton. Another powerhouse, the London Business School, has recently signed up as a partner in the new school. London Business School professor Sumantra Goshal, a former teacher at INSEAD and MIT, has been named ISB's new dean. The pedigree is impressive enough to catch the PHOTO LEFT: DAVID CUMMINGS/CORBIS, OTHER PHOTOS COURTESY INDIAN SCHOOL OF BUSINESS two highly respected business schools: Northwestern University's J.L. Kellogg Graduate School of Management in Evanston, Illinois, and The Wharton School, University of Pennsylvania, Philadelphia. Both schools are heavily involved in recruiting faculty and devis- ing the curriculum. When ISB students gradu- Architect's rendering of the campus attention of the most wary corporate donor, but it's not the only reason major corporations have made generous contributions to the new school. "I am positive that they honestly and genuinely believe in education and are trying to promote it, regardless of personal benefit," says Bala V. Balachandran, distinguished professor of account- ing, information systems, and decision sciences at BizEd NOVEMBER/DECEMBER 2001 35