Yasaswy and IBS: India’s education game-changers
Shri N. J. Yasaswy (1950-2011), founder of the ICFAI Group of educational institutions and a pioneer in promoting higher education in the private sector had a brilliant academic career: B.Com (Andhra University 1969 – First Rank), CA Inter (May 1971 – First Rank), CA Final (May 1973 – First Rank), ICWA Inter (July 1970 – First Rank) and ICWA Final (July 1972 – First Rank). He was the recipient of the Basu Foundation Award for the Best Student of the Year from both – The Institute of Cost and Works Accountants of India (in 1972) and The Institute of Chartered Accountants of India (in 1973).
During 1974-1980, Mr. Yasaswy was associated with the Administrative Staff College of India as a Faculty Member. In 1981, he started his consultancy firm, Yasaswy Management Associates Private Limited, Hyderabad.
Mr. Yasaswy was appointed by the Government of Andhra Pradesh as Chairman, Andhra Pradesh State Trading Corporation (1985–88), and Vice-Chairman, Public Enterprises Management Board (1986–88). He was a visiting faculty member at the Indian Institute of Management Ahmedabad (1986-88) and was nominated as a Member on the SEBI Committee on Accounting Standards. He was a member of the Board of Directors of the Association of Certified International Investment Analysts (ACIIA), Switzerland. He authored several books on finance and investments. He was charismatic, a great teacher, an institution builder, a visionary and a genius who was years ahead of his time. His vision will continue to guide ICFAI forever.
Shri N.J. Yasaswy founded ICFAI in 1984 with a transformative mission: to make world-class education accessible to all. In 1985, he took a pioneering step by launching India’s first financial analysis program, setting ICFAI apart as a leader in innovative education. By 1995, recognizing the growing demand for quality management education beyond the privileged few, Shri Yasaswy established ICFAI Business School (IBS). What began as a bold idea has now become a powerhouse of business education, shaping the careers of thousands of students across India.
From a modest start, IBS has become one of India’s most prestigious business schools, now offering MBA and PGPM programs across nine campuses in Ahmedabad, Gurgaon, Kolkata, Mumbai, Pune, Jaipur, Dehradun, Bengaluru, and Hyderabad. Guided by the principles of merit, ethics, and innovation, IBS remains agile, continuously evolving to meet the dynamic needs of the business world while staying true to its founder’s vision.