Banking Veteran Daruwala Joins SPJIMR Governing Council
Event summary
- Zarin Daruwala, Group CEO of PL Capital (Prabhudas Lilladher), has joined the Governing Council of SPJIMR, effective April 15, 2026.
- Daruwala previously held senior leadership roles at Standard Chartered Bank and ICICI Bank, including CEO for India and South Asia at Standard Chartered.
- She joins a council including Shiv Shivakumar, Yogi Sriram, and Rajesh Jejurikar, indicating a focus on high-impact leadership perspectives.
- SPJIMR is ranked #35 globally by Financial Times MiM and among the top 3 in India by Business Today.
The big picture
The appointment of a senior executive like Daruwala signals SPJIMR's intent to strengthen ties with the corporate world and ensure its curriculum remains relevant to the demands of Indian business. This move aligns with a broader trend of business schools seeking closer engagement with industry leaders to enhance their reputation and influence. The focus on 'responsible management education' suggests a growing emphasis on ethical leadership and societal impact within the Indian business landscape.
What we're watching
- Curriculum Impact
- The extent to which Daruwala’s industry experience will influence SPJIMR’s curriculum and focus on practical application of management principles warrants observation.
- Industry Alignment
- How SPJIMR adapts its programs to address evolving industry needs, particularly in fintech and digital banking, will be a key indicator of its relevance.
- Governance Evolution
- The Governing Council’s strategic priorities and how Daruwala’s presence shapes those priorities will reveal shifts in SPJIMR’s long-term direction.
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