Krea University Explained

Krea University
Native Name:క్రియా విశ్వవిద్యాలయ (Telugu)
Established: (as Institute of Financial and Management Research) (as Krea University)
Endowment:₹672,800,000
Coor:13°32'53.7"N 80°00'00.8"E
Campus Type:Rural
Colors: Shades of blue
Students:1357
Website:https://krea.edu.in
Address:5655, Central Expressway

Krea University is an Indian private university located in Sri City, Andhra Pradesh focused on liberal arts, sciences and management. It was established in 2018 by a team of high-net-worth individuals and academicians including Raghuram Rajan, Sajjan Jindal, Anand Mahindra.[1] [2] The Institute for Financial Management and Research was incorporated under the aegis of University, which along with the School of Interwoven Arts and Sciences (SIAS) are the two schools housed in the campus.[3]

History

The university was established in 2018 under the Andhra Pradesh Private Universities (Establishment and Regulation) Amendment Act, 2018. It was temporarily housed in the IFMR campus, before shifting to its current campus in Sri City.[4]

Roots in IFMR (1970s-2018)

See main article: Institute for Financial Management and Research. The University was initially housed under the Sri City campus of Institute for Financial Management and Research, which was established in 1974 as a not-for-profit society focused financial and management research.

In 2021, Mahesh Rangarajan, from Ashoka University, took over as the vice-chancellor of the University. He then resigned from the position in less than a year citing personal circumstances.[5]

Campus

Located 50 km north of Chennai, the Sri City campus was planned as a ‘Circular Campus'.[6] This forty-acre campus consists of two academic buildings where classes and research takes place: The JSW Academic Building, and the New Academic Block, which is connect to the University's main library.[7] [8]

The JSW Academic Building, is the main hub of learning in the campus. Established in 2023, it has a built up area of 110,000 sq ft. that houses various classrooms, laboratories and centers of administration and research. It contains Seminar Hall 1, Kothari Hall and Seminar Hall 3, and various workspaces.

HT Parekh Library, the university's main library, is a 10,000 sq ft library with over 30 thousand books. There are more than 50 Indian and international journals in print and over 60000+ e-journals under the library's catalog. The library is recognized as a World Bank Open Knowledge Repository.[9]

The New Academic Block, inaugurated in 2022 consists of laboratories for physics, biological sciences and chemistry research. It also houses the faculty rooms and more workspaces. [10] Students are housed under 8 residence halls across the campus, some of which are divided by gender and some are mixed-gendered. Campus encloses two dining spaces, Old Dining Hall and New Dining Hall. It also includes various cafeterias and restaurants that are spread around campus.

At the heart of Sri City campus is the Open-air Amphitheatre(OAT), where cultural and social events are hosted.[11]

Organization and Administration

Leadership

Professor Nirmala Rao is the current Vice-Chancellor of Krea University.[12] [13] She was preceded by Dr Mahesh Rangarajan (July 2021 to February 2022)[14] and Sunder Ramaswamy (2017-2021). The current Chancellor of University is Lakshmi Narayanan, former CEO and Vice-Chairman of Cognizant. He was preceded by N Vaghul, who resigned from his tenure in 2023.[15]

The Governing Council includes various high-net-worth individuals around the world like, Anand Mahindra, Kiran Mazumdar-Shaw, Aditya Mittal, Dheeraj Hinduja, Sajjan Jindal, Anu Aga, and eminent academicians of all fields of study including John Etchemendy, Vishakha Desai  Dr Tara Thiagarajan and Nobel Prize laureate Esther Duflo.[16] [17] [18]

Academics

Undergraduate education

Krea University's School of Interwoven Arts and Sciences offers four-year residential undergraduate programs in the liberal arts and sciences leading to BA (Hons.) and BSc(Hons.) degrees, with an option to pursue a three-year BA and BSc course at the School of Interwoven Arts and Sciences.[19] The bachelor's program follows a trimester system, where each term is for 12 weeks. Apart from the first year general requirements, the program follows an open curriculum and currently offers 400 to 450 courses across more than 20 disciplines. It enables students to choose any combination of major, minor and concentration. Student don't declare their majors until the middle of their sophomore year.[20]

First Year Courses

At SIAS, students irrespective of their intended major are required to satisfy the general requirements of 11 core and skills courses that includes scientific reasoning, mathematical reasoning, social science, history, philosophy, data sciences and computation. They are of 3-credits each and are usually taken by students by their 4th trimester.

IFMR Integrated-MBA Program

Since 2023, the IFMR Graduate School of Business offers a five-year Integrated MBA program, where students have exit options at their junior and senior year to get a BBA or BBA(Hons.) degree.[21] [22] Cohort of 2024 consisted of 71 people from 13 states and 5 countries across the world.

Graduate and Doctorate education

The School of Interwoven Arts and Sciences, offers graduate education in the form of doctorate and an one-year postgraduate certificate to students who complete the 3-year Bachelors program before 2026.

IFMR GSB offers graduate education in the form of master's and doctorate programs.[23] [24] IFMR GSB also provides an Executive MBA programs with specialization in finance, supply chain, human relations and industry relations for executives of L&T Construction.[25] IFMR GSB offers PhD programs from Madras University, including Organizational Behavior & Human Resource Management, Strategic Management, Finance, Information Systems & Data Science, Economics, Marketing, Operations and Management.[26] [27] [28] [29]

Admissions and Tuition

In the School of Interwoven Arts and Sciences, the class of 2024 consisted of 260 students coming from 21 states in India and 5 countries around the world. Admissions are made based on an online application and aptitude test. Shortlisted students then go through personal interviews and Krea Immersive Case Analysis. The School follows a need-blind policy for admissions and meets the demonstrated need of all students.[30] [31] The tuition for students at SIAS in 2024 is ₹815,000 ($9,700) per year. Room & board and other fees are ₹200,000 ($2,380) per year, as of 2024.[32]

The flagship program at IFMR Graduate School of Business, MBA consisted of 250 for the cohort of 2024. The tuition for students of the MBA program is ₹1,456,000($17,000). The program provides various need-based and merit-based scholarships for students along with named and endowed scholarships.[33] [34]

Reputation and Partnerships

The IFMR Graduate School of Business has ranked in the top 100 of NIRF Management rankings since its inception. Krea University received recognition as one of the institutions leading the wave of liberal arts education in India from Forbes.[35]

Krea University has partnered with universities and academic institutions around the world. The partner universities include Northeastern University, University of Chicago, Case Western Reserve University, University of Bristol, Sussex University and Sciences Po.[36] Krea has partnered with the Dalai Lama Centre For Ethics and Transformative Values to introduce ethics as part of its undergraduate program's curriculum.[37]

Corporate partnerships include WayCool Foods, which has partnered with IFMR GSB at Krea University to form the LEAP program and Kauvery Hospital to operate and maintain a health centre and pharmacy at the campus in Sri City.[38] [39]

Research Centres

Krea University is home to various research centres in vast fields of study. Some of them are:

Student Life

As a residential college in a rural setting, the student life at Krea University is confined to the campus premises. The college has 8 residence halls, and houses many facilities for the students' social life. Krea students run various newsletters, magazines and journals. Leher is a student-run independent newspaper in Krea.[52]

Student Clubs

There are over 30 active student clubs at Krea University, with financial oversight of each club delegated by the Office of Student Life (OSL). Clubs are student-run and have their own charter and constitution governing them. There are a variety of clubs on campus, including various discipline-specific clubs, clubs that focus on social service, political advocacy and awareness, competitive athletics, professional development and networking, performing arts, academic debate. The most famous amongst them is Rangasthala, the theatre club of Krea. They host a student-led play every term. Students of the theatre club have won various competition across India.[53] The university hosts their annual Club Rush early in the fall semester for all students interested in joining clubs or other student organizations.[54]

Apart from clubs, Krea also has informal societies and student groups focused on various topics from Taylor Swift to foosball.

Student Events

Events are a frequent occurrence across the campus, with religious festivals and college fests playing a significant role in the students' social life. In 2023, students at Krea University organised and hosted its first TEDx event on campus which included various eminent speakers and discussions.[55]

Notable Faculty and Alumni

Notable faculty at Krea University include:

Notes and References

  1. Web site: University to create 'thinking Indians'. 2022-05-19 . www.telegraphindia.com.
  2. Web site: Archana . Alekh . 2018-03-24. Raghuram Rajan, corporate leaders to set up Rs750 crore university . 2022-07-02 . mint . en.
  3. News: Vij . Gauri . 2018-03-24. Krea University will foster debate, immersive learning . en-IN. The Hindu . 2022-07-02 . 0971-751X.
  4. News: Raghuram Rajan, corp leaders team up for Rs 750-cr liberal arts varsity . The Economic Times. 2022-05-19.
  5. News: Jaganathan . KT . February 10, 2022. Krea University's VC Dr Mahesh Rangarajan is stepping down, after a tenure of less than a year .
  6. Web site: KREA University Masterplan, Sri City, India . 2023-09-27 . Urban Systems Design MEP & Environmental Engineers . en-GB.
  7. Web site: 2023-09-23. JSW Academic Building inaugurated at Krea University to foster excellence in education . 2023-09-27 . India Education Latest Education News Global Educational News Recent Educational News . en-US.
  8. Web site: 2023-09-24 . JSW Group enters into agreement with Krea University . 2024-09-16. Financialexpress . en.
  9. Web site: 2016-06-07 . IFMR, Chennai . 2023-10-05 . EducationWorld . en-US.
  10. Web site: PTI . 2022-08-27 . Academic block inaugurated at Krea University . 2023-10-05 . ThePrint . en-US.
  11. Web site: 16 December 2019. Futuristic Amphitheatre At IFMR GSB, Krea University . Modern Ghana.
  12. Web site: PTI . 2022-07-26 . Nirmala Rao to take over as Krea University VC on Aug 16 . 2022-09-17 . ThePrint . en-US.
  13. Web site: BLoC . 2022-07-26 . Nirmala Rao is the Vice-Chancellor of Krea University . 2022-09-17 . BLoC . en.
  14. News: Basu . Sreeradha . Krea University appoints Dr. Mahesh Rangarajan as Vice Chancellor . 2022-07-02 . The Economic Times.
  15. Web site: Bureau . BL Chennai . 2023-10-16 . Lakshmi Narayanan appointed Chancellor of Krea University . 2023-10-16 . BusinessLine . en.
  16. Web site: Team . Editorial . 2021-09-30 . Dr. Tara Thiagarajan joins Krea University Governing Council . 2022-07-30 . Higher Education Digest . en-US.
  17. Web site: Nobel laureate Esther Duflo joins Krea University's governing council . 2022-07-02 . The Week . en.
  18. Web site: 12 September 2024 . The SIAS Student Government elections for the academic year 2024-25 concluded successfully on Sunday, 8 September 2024. . Instagram.
  19. Web site: KREA University . 2023-09-14 . www.careerlauncher.com.
  20. Web site: 2024-06-27 . 'Our curriculum is forward looking': Krea University dean . 2024-09-16 . Careers360 . en.
  21. Web site: 2023-01-10 . IFMR GSB launches BBA integrated MBA programme . 2023-09-14 . Financialexpress . en.
  22. Web site: Bureau . BL Chennai . 2023-01-10 . IFMR GSB unveils BBA Integrated MBA programme . 2023-09-14 . BusinessLine . en.
  23. Web site: Vasudha . 2020-03-03 . IFMR Full-time and Part-Time Courses: Check the IFMR Advantage and Placement Opportunities . 2022-07-30 . PaGaLGuY . en-GB.
  24. Web site: 2019-05-06 . This Business Analytics & Big Data Certification Can Lead To a High-Paying Job in Data Analytics . 2022-05-19 . Analytics India Magazine . en-US.
  25. Web site: BLoC . Team . 2019-04-24 . IFMR hosts special MBA for L&T executives . 2022-07-30 . BLoC . en.
  26. Web site: 2019-04-14 . Krea University: Creating a generation of 'thinking Indians' . 2022-07-02 . Hindustan Times . en.
  27. Web site: July 2023. Research Symposium on Finance and Economics invites experts to discuss finance . 2023-10-09 . The New Indian Express.
  28. News: 2022-06-16 . Chennai: 'ESG becoming a key factor for investment' . 2022-07-30 . The Hindu . en-IN . 0971-751X.
  29. Web site: Deoras . Srishti . 2019-11-04 . Top 10 Full-Time Data Science Courses In India - Ranking 2019 . 2022-07-30 . Analytics India Magazine . en-US.
  30. Web site: Financial Assistance sias ug . 2024-09-16 . Krea University . en-US.
  31. Web site: SIAS-Selection process . 2024-09-16 . Krea University . en-US.
  32. Web site: Fee Structure and schedule sias . 2024-09-16 . Krea University . en-US.
  33. Web site: 2024-07-04 . Krea University's IFMR GSB begins MBA cohort with over 250 students at Prarambh 2024 . 2024-09-16 . The Indian Express . en.
  34. Web site: Scholarships . 2024-09-16 . Krea University IFMR GSB . en-US.
  35. Web site: Penprase . Bryan . A New Batch of Indian Universities . 2024-09-16 . . en.
  36. Web site: International Partnerships The University of Chicago Harris School of Public Policy . 2022-07-30 . harris.uchicago.edu.
  37. News: 2018-11-12 . Krea university partners with Dalai Lama centre . 2022-07-30 . The Hindu . en-IN . 0971-751X.
  38. Web site: 2020-08-09 . Krea University partners with Kauvery Hospital for campus health facilities . 2022-07-02 . Business News This Week . en-US.
  39. News: 16 August 2021 . WayCool partners with IFMR Graduate School of Business for leadership programme . 2022-07-02 . The Times of India.
  40. Web site: 2017-12-13 . demonetization India poor impact villages study . 2022-05-19 . www.thehindubusinessline.com . en.
  41. Web site: 2019-12-01 . 'The kind of questions they ask… The 17-year-old of today is nothing like the 17-yr-old of a few years ago' . 2022-07-30 . The Indian Express . en.
  42. News: 9 September 2021 . Vice President Venkaiah Naidu calls for multidisciplinarity in higher education . 2022-07-02 . The Times of India.
  43. Web site: 2021-09-09 . Krea University Launches Centre for Advanced Study in the Humanities and Social Sciences . 2022-07-02 . News18 . en.
  44. News: 2022-08-04 . Sapien Lab Centre for Human Brain and Mind launched at Krea University . 2022-09-17 . The Hindu . en-IN . 0971-751X.
  45. Web site: Innovation . Centre for Social and Environmental . 2023-07-22 . Introducing WELL Labs! . 2023-09-14 . Centre for Social and Environmental Innovation, ATREE . en.
  46. Web site: News9 Staff . 2022-05-21 . Lack of transgender-friendly system blocks education of such kids . 2022-07-30 . NEWS9LIVE . en.
  47. Web site: Azim Premji University . 2023-10-05 . alumni.azimpremjiuniversity.edu.in.
  48. Web site: 2023-06-19 . As crisis grips education in India, a two-day conference deliberates on the way forward . 2023-10-05 . IndiaBioscience.
  49. Web site: Agencies . TPT Bureau . 2019-07-29 . Krea University Conducts Workshop for School Teachers . 2022-07-30 . The Policy Times . en-US.
  50. Web site: Centre for Digital Financial Inclusion (CDFI) . 2023-10-09 . www.cdfi.in.
  51. Web site: Inclusion Economics . 2023-10-09 . Yale Economic Growth Center . en.
  52. Web site: Leher Student run newspaper . 2024-09-16 . Leher . en.
  53. Web site: Rangasthala - The Theatre Club of SIAS . 2024-09-16 . Krea University . en-US.
  54. Web site: Clubs and Commitees sias . 2024-09-16 . Krea University . en-US.
  55. Web site: TEDxKrea University TED . 2023-10-09 . www.ted.com.
  56. Web site: Kamath . Vinay . 2023-03-23 . 'IFMR GSB's finance specialistion is our strong legacy' . 2023-10-05 . BusinessLine . en.
  57. Web site: 2023-05-14 . Prithvi Datta Chandra Shobhi . 2023-10-05 . ThePrint . en-US.
  58. Chakrabarti . Kalyan S. . Olsson . Simon . Pratihar . Supriya . Giller . Karin . Overkamp . Kerstin . Lee . Ko On . Gapsys . Vytautas . Ryu . Kyoung-Seok . de Groot . Bert L. . Noé . Frank . Becker . Stefan . Lee . Donghan . Weikl . Thomas R. . Griesinger . Christian . 2022-07-01 . A litmus test for classifying recognition mechanisms of transiently binding proteins . Nature Communications . 13 . 1 . 3792 . 2022NatCo..13.3792C . 10.1038/s41467-022-31374-5 . 2041-1723 . 9249894 . 35778416.
  59. News: Ray . Panchali . 2021-12-31 . Feminist writer bell hooks works resonated across the globe . 2023-10-05 . The Hindu . en-IN . 0971-751X.
  60. News: 5 March 2022 . 'India's navrang bird can help us strengthen solar energy' . 2022-07-02 . The Times of India.
  61. Web site: 2019-06-24 . Guest-Editorial – Building the Boat While Sailing it: Writing Pedagogy in India . 2022-12-11 . Café Dissensus . en.
  62. Web site: 2023-06-19 . As crisis grips education in India, a two-day conference deliberates on the way forward . 2023-10-05 . IndiaBioscience.
  63. Web site: January 29, 2022 . V Anantha Nageswaran to be govt's next chief economic adviser . 2022-07-02 . The Times of India . en.

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