IIM Udaipur has appointed Prof Ashok Banerjee, faculty and former dean at IIM Calcutta, as its new Director. Prof Banerjee has taken over charge on August 1, 2022, and succeeds Prof Janat Shah, who has helmed the institute for 11 years, since its inception in 2011. Dr Shah’s second term came to an end recently.
Prof. Banerjee is a Chartered Accountant and holds an M.Com. Degree from Calcutta University and a Ph.D. from Rajasthan University. He was the Dean (New Initiatives and External Relations at IIM Calcutta from 2012 to 2015. Prior to joining IIM Calcutta, he was a professor at IIM Lucknow.
On the selection of Prof Ashok Banerjee and his taking over as the Director of IIM Udaipur, Mr Pankaj Patel, Chairman, Board of Governors of IIM Udaipur said, "We welcome Prof Ashok Banerjee as the new Director of IIM Udaipur. We have in him a distinguished academic and an able administrator, best suited to lead IIM Udaipur to early fulfilment of its Vision 2030.”
On being appointed the new Director of IIM Udaipur, Prof Ashok Banerjee said, “It is with a sense of pride and happiness that I join IIM Udaipur's remarkable journey as the Director. I look forward to the support of the Board and all stakeholders as we take the Institute further ahead. IIMU has a well-set vision to be a globally recognized B-School, built on the pillars of student transformation and excellence in research."
Welcoming the new Director, Prof Janat Shah said, "I thank the Board, Advisors, faculty, staff, students, alumni and everyone else who has ever been a part of IIM Udaipur's path-breaking journey. There is a zeal, purpose and energy that I see at IIM Udaipur. I am sure, it will immensely assist Prof Banerjee as he takes IIMU to the next level."
Prof Ashok Banerjee – A seasoned academician and administrator
Prof. Banerjee, a Chartered Accountant, is a seasoned academician with vast experience as a senior professor in the Finance and Control area. His research interests are in the areas of high-frequency finance, Fintech, and sentiment analysis. He was the Dean (New Initiatives and External Relations at IIM Calcutta from 2012 to 2015. Prior to joining IIM Calcutta, he was a professor at IIM Lucknow.
During his stint as Dean, Prof Banerjee is credited with setting up an incubator at IIM Calcutta, called IIM Calcutta Innovation Park, which is recognized by the Department of Science & Technology as a Technology Business Incubator. Prof. Banerjee was the founder-coordinator of the Financial Research and Trading Laboratory of IIM Calcutta. He was instrumental in starting the International Finance Conference in 2009 at IIM Calcutta. The conference is now rechristened as India Finance Conference and is organized jointly by IIM Calcutta, IIM Bangalore and IIM Ahmedabad.
Dr Janat Shah leaves a stellar legacy
Prof Banerjee's appointment comes following Prof Janat Shah's completion of his second Term.
Considering his contributions at IIMU, Prof Janat Shah is recognized as an institutional builder. With an additional year in-between the two terms, he was in effect at the helm for 11 years, right from inception. Under Prof Shah’s dynamic and visionary leadership, IIM Udaipur has emerged as a globally ranked and accredited institute. IIM Udaipur was only the 4th IIM and youngest B-School to get either ACCSB or EQUIS Accreditation. It became only the 3rd IIM to be ranked in the prestigious FT Global Top 100 MIM Rankings for the 3rd consecutive Year in 2021, as also the youngest B-School in Asia to be in it. In QS 2022 MIM World Rankings 2022 it was the youngest B-School in the World and only the 7th IIM. IIMU is also ranked 4th in India in Research as per UT Dallas research ranking methodology.
Speaking about the remarkable contributions made by Prof Janat Shah, Mr Pankaj Patel, Chairman, Board of Governors of IIM Udaipur said, “The Board, and the entire IIMU Community, joins me in expressing its immense gratitude to Prof Janat Shah for the pioneering, visionary and exemplary work done by him in leading IIM Udaipur to the distinctive position it occupies in just a little more than a decade of its existence. We are happy that Prof Shah will continue as a Professor at IIMU ."
In this short history of a decade, the Institute also took several initiatives that have set it apart. Notable amongst them are setting up a Consumer Culture Lab, Centres of Excellence in Global Supply Chain Management, Digital Enterprise Management and Healthcare.
IIM Udaipur moved into its picturesque and pristine 300-acre campus (the largest amongst all IIMs) in the Aravalli range at Balicha, Udaipur, in 2016. IIM Udaipur now has a clear vision of becoming a globally recognised management institute by 2030 and continues to focus on student transformation and high-quality research as two core areas.
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