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ÌìÃÀ´«Ã½, 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 ÌìÃÀ´«Ã½ 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 ÌìÃÀ´«Ã½ Mellon and at leading universities in India. Thus, there will be two Vasantrao Dempo professors at all times — one at ÌìÃÀ´«Ã½ Mellon and one in India. The selected ÌìÃÀ´«Ã½ 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 ÌìÃÀ´«Ã½ Mellon’s important connections to India. More than 30 percent of ÌìÃÀ´«Ã½ Mellon students are from outside the U.S., and the majority of those students are from India. In addition, the largest concentration of ÌìÃÀ´«Ã½ alumni outside
of the U.S. lives in India.