Ravi K Mehrotra funds business school at Boston University

Mehrotra funded the eponymous school to explore the role of business in society

Entrepreneur Ravi K. Mehrotra gave a donation to Boston University to endow the Ravi K. Mehrotra Institute for Business, Markets, and Society / Image: Foresight Group

Boston University (BU) Questrom School of Business recently announced a generous donation by an Indian-origin entrepreneur which led to the launch of a new business school.

The Ravi K. Mehrotra Institute for Business, Markets, and Society (IBMS) at BU’s B-School is aimed at analyzing the role of business in solving real-world issues.

It will “help others understand and appreciate the role business and markets do, can, and should play in creating lasting prosperity, advancing societal goals, and solving global challenges,” according to an official statement.

Mehrotra is a UK-based entrepreneur and founder of London and Dubai-based global shipping firm, Foresight Group. He provided the funds to BU to establish an eponymous institute focused on studying the contribution of business to society and how it can lead to improvement.

In conversation with BU Today, Mehrotra said Questrom is the ideal home for the institute because of “the innovative curriculum, distinguished faculty, the diverse and global perspective it offers to students, and above all, its strategic location in Boston, the world’s most innovative finance, legal, and technology hub.”

The institute will also promote public understanding of market dynamics and economics. “An institute dedicated to exploring the intersections of business, markets, and society plays a pivotal role in bridging gaps in understanding and collaboration between crucial domains,” Mehrotra said.

BU president emeritus Robert A. Brown and Questrom dean Susan Fournier received the gift in 2023 to endow the institute from Mehrotra. So far, the institute has raised a total of US$51 million, including the previously raised donations for IBMS.