Friday, April 1, 2011
CMU, Shrinivas Dempo Announce $3 Million Gift
Shrinivas V. Dempo, chairman of the Dempo Group of Companies in Goa, India, has made a $3 million gift to endow a professorship at the Tepper School of Business. Dempo earned a graduate degree in industrial administration from CMU in 1998.
The gift will be used to endow the Vasantrao Dempo Reflective Chair, named in honor of Shrinivas Dempo’s grandfather. The reflective chair formally links faculty at Carnegie Mellon and at leading universities in India. Thus, there will be two Vasantrao Dempo professors at all times — one at Carnegie Mellon and one in India. The selected Carnegie Mellon faculty member will be appointed to the chair for a tenure of four years, which can be renewed for one additional four-year term, after which a different faculty member will be chosen. The Indian scholar who partners with the chair will be a senior, tenured faculty member of an Indian university.
The partnership continues Carnegie Mellon’s important connections to India. More than 30 percent of Carnegie Mellon students are from outside the U.S., and the majority of those students are from India. In addition, the largest concentration of CMU alumni outside
of the U.S. lives in India.