SAGE Foundation receives Rs 76 lakh grant from J.P. Morgan

SAGE Foundation

The grant will be utilized to train 200 fresh graduates in banking jobs SAGE Foundation

Mumbai, 1st April 2019: Shahani Academic & Global Empowerment Foundation (SAGE), a non-profit trust focused on skills training, received a Rs 76 lakh grant from J.P. Morgan to help train 200 economically disadvantaged graduates in banking jobs. 

The Shahani Group will adopt innovative teaching methods to provide BFSI-specific training to these underprivileged youth. The Group is also preparing to update the curriculum and train teachers to meet the changing industry standards and ensure students are work-ready. 

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Lack of skills to secure a good job is one of the biggest barriers to economic opportunity. Every year thousands of fresh graduates look for employment in the financial sector but there is often a disconnect between educational achievements and practical requirements. It is, therefore, important to bridge the gap between employee skills and employer needs.  

Akhil Shahani, Managing Director, Thadomal Shahani Group, said, “J.P. Morgan is one of the leading companies in the financial sector.  Earning this grant from such a prominent institution has truly uplifted our resolve to ensure a change in the education sector. We will utilize the fund to help students reach their full potential and find jobs in the banking sector. ” 

Maneesha Chadha, Head of CSR for India, J.P. Morgan, “Businesses across the board are facing challenges in finding and employing skilled talent. Through this program, we aim to give students an opportunity to acquire the right training for the right skills that are needed to build careers.”

About Shahani Group:

Drawing upon its legacy of over a hundred years in the Indian education sector, the Shahani Group devotes itself to enhancing the careers of lakhs of students via its academic initiatives aimed at providing them with employment in diverse industry sectors. Helmed by Maya Shahani and Akhil Shahani, the Shahani Group is now in its fourth generation, and encompasses a new generation of institutions in areas of management, media, banking, real estate, digital marketing, and more. Along with praiseworthy initiatives such as Ask.CAREERS, Thadomal Shahani Centre For Management, Thadomal Shahani Centre For Media & Communication and Ask Talent Services, the Shahani clan has been instrumental in forming over 24 iconic colleges in Mumbai, such as Thadomal Shahani Engineering College, HR College, KC College, and National College, among others.

As a result, it has been widely recognised for its work in the sector, receiving a bevy of awards, including the CFBP Jamnalal Bajaj Award For Ethical Business Practices, the Clinton Global Initiative Award, and the CII Education Excellence Award. Operational in four cities, the Group also has an educational technology division and job placement division under its banner, and runs several CSR initiatives aimed at providing education and healthcare for the under-privileged.

About Akhil Shahani

Akhil Shahani_ImageAkhil Shahani is the Managing Director of The Shahani Group, which runs a range of colleges in areas like business, media, real estate, finance and others. His colleges incorporate global industry oriented education systems that make their graduates truly employable. He is also a Venture Partner in Kaizen Private Equity, which is India’s first private equity fund focused solely on the education sector. In addition, Akhil serves as the Chairman of Global Discovery Schools, which are a franchised chain of 14 innovative schools.

Akhil’s work in the non-profit space is also extensive, he is on the advisory board of Unltd India & IDOBRO, which are two incubators supporting social entrepreneurs. He is the Director of the SAGE Foundation & Trustee of The Shahani Trust, which both have a range of charitable initiatives in education. Akhil sits on the board of 28 iconic colleges in Mumbai.

He has completed his MBA from the Kellogg Graduate School of Management in Chicago & is currently pursuing his PhD from the University of Liverpool, where his thesis is in the area of Student Employability.

Akhil is the recipient of many awards for his work in education like the Jamnalal Bajaj Award, Bharat Shiromani Award, PIMR Outstanding Educationist Award, Rex Karamveer Chakra Gold Award, the Bharat Gaurav Award and the Indira Gandhi Priyadarshini Award among others. He is a regular speaker at conferences and has been extensively profiled in the media.

The following links have further details:

LinkedIn Profile:

Akhil’s Blog:

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