Sunday, October 9, 2011

“End of An Academic Leader - NJY (1950 – 2011), Founder of ICFAI” - Professor M.S.Rao

“Do your duty and don’t look for rewards” – Bhagavad-Gita

I was shocked to hear the passing away of N.J.Yasaswy on October 08, 2011 who is popularly called NJY within the ICFAI circles. He founded ICFAI and taught to the world how the business of education can be run in an organized way. Although he was a busy person he replied to my each mail and congratulated about my international publications in Emerald and when I presided as a panel judge for Global Leadership Awards – 2011 Malaysia recently.

NJY had excellent academic track record and a first rank holder from Andhra University during his graduation (B.Com). He worked as a faculty member in Administrative Staff College of India (ASCI) and also as a visiting faculty for IIM Ahmadabad. He later founded ICFAI along with other board members providing quality education to students and employment opportunities for many people. However, during recession ICFAI underwent lot of restructuring resulting into shedding excess flab. Currently it has various business schools, of which, IBS, Hyderabad is the triumph card which is a deemed university. Although ICFAI lost its backbone due to the passing away of NJY, it will overcome the vacuum as it is a professionally run institution. However it is difficult to fill the vacuum created due to his death.

I pay my heartfelt condolences over the passing away of this academic leader who became a source of inspiration not only for academicians but also for entrepreneurs.

Professor M.S.Rao

Founder, MSR Leadership Consultants, India

Blog: http://profmsr.blogspot.com

Where Knowledge is Wealth

Email: profmsr7@gmail.com

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