IIM Ahmedabad Endowment Fund appoints Chhavi Moodgal as CEO – education



Chhavi Moodgal, an alumna of Indian Institute of Management Ahmedabad, has been named as the first CEO of the recently set up IIMA Endowment Fund.

The fund was once launched in June 2020 to facilitate IIMA in achieving its strategic objectives and making a larger affect in the field of education, entrepreneurial leadership, management practice, and public policy. The fund aims to bring Rs 1,000 crore over five years.

“The founders of the IIMA Endowment Fund in concert with the Director and Dean (Alumni and Outside Relations) have appointed alumna, Chhavi Moodgal (PGDM, the batch of 2004) as its first CEO,” a observation said.

In her role, Moodgal will look towards leveraging relationships with alumni for fundraising in addition to target corporates from a CSR standpoint.

Since its inception in 1961, IIMA has produced over 33,000 alumni. With one in seven CEOs with a management degree from IIMA, the Institute has the highest number of alumni in the CEO/CXO-level roles in India’s top 500 companies, the observation said.

Moodgal has over 16 years of experience in financial products and services across asset management, investment banking, and capital markets.

She brings corporate relationships in addition to execution capability that will help set up the initial framework on which IIMA Endowment Fund can stand as a long-term enterprise, the observation said.

The fund will work towards formalising and deepening efforts in fund-raising, building engagement among alumni and the corporate world, optimally utilising the funds for the betterment of the Institute in addition to enhancing its visibility in the global management community, it added.

“We take great pride in our alumni’s achievements and have over time ensured seamless engagement with them. We are delighted to welcome Chhavi to the IIMA circle of relatives as the CEO of the Endowment Fund. Being an alum herself, we imagine Chhavi will help us reinforce alumni engagement and take the Endowment initiative to its fruition,” IIMA Director Errol D’Souza said.

The initial major contributors who are founders of the Endowment Fund include Sandeep Singhal, Kavita Iyer, Sanjeev Bikhchandani, Deep Kalra and GV Ravishankar, among others.


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