Chhavi Moodgal, an alumna of Indian Institute of Management Ahmedabad, has been named as the primary CEO of the just lately arrange IIMA Endowment Fund.
The fund was launched in June 2020 to facilitate IIMA in reaching its strategic targets and making a bigger influence within the discipline of training, entrepreneurial management, administration follow, and public coverage. The fund goals to boost Rs 1,000 crore over 5 years.
“The founders of the IIMA Endowment Fund in concert with the Director and Dean (Alumni and External Relations) have appointed alumna, Chhavi Moodgal (PGDM, the batch of 2004) as its first CEO,” a press release mentioned.
In her position, Moodgal will look in direction of leveraging relationships with alumni for fundraising as properly as goal corporates from a CSR standpoint.
Since its inception in 1961, IIMA has produced over 33,000 alumni. With one in seven CEOs with a administration diploma from IIMA, the Institute has the very best variety of alumni within the CEO/CXO-level roles in India’s prime 500 corporations, the assertion mentioned.
Moodgal has over 16 years of expertise in monetary providers throughout asset administration, funding banking, and capital markets.
She brings company relationships as properly as execution functionality that may assist arrange the preliminary framework on which IIMA Endowment Fund can stand as a long-term enterprise, the assertion mentioned.
The fund will work in direction of formalising and deepening efforts in fund-raising, constructing engagement amongst alumni and the company world, optimally utilising the funds for the betterment of the Institute as properly as enhancing its visibility within the world administration neighborhood, it added.
“We take great pride in our alumni’s achievements and have over the years ensured seamless engagement with them. We are delighted to welcome Chhavi to the IIMA family as the CEO of the Endowment Fund. Being an alum herself, we believe Chhavi will help us strengthen alumni engagement and take the Endowment initiative to its fruition,” IIMA Director Errol D’Souza mentioned.
The preliminary main contributors who’re founders of the Endowment Fund embrace Sandeep Singhal, Kavita Iyer, Sanjeev Bikhchandani, Deep Kalra and GV Ravishankar, amongst others.