Rosy Blue Foundation is delighted to announce a new partnership with the Indian Institute of Management Calcutta (IIM C) to launch the Arunkumar & Ramniklal Mehta (ARRA) Scholarship for students pursuing their MBA. Starting this academic year 2025-26, one fully funded scholarship will be awarded to a deserving student based on academic merit and financial need for the entire course period.

This scholarship marks a significant expansion of the ARRA initiative, which already supports students at IIM Ahmedabad. With IIM Calcutta now joining the program, Rosy Blue Foundation reaffirms its commitment to supporting India’s brightest minds in the field of management education.

The ARRA Scholarship will support the full cost of tuition, hostel, and academic resources, ensuring the selected scholar can focus on learning, leadership, and impact.

Mr. Russell Mehta, Director, Rosy Blue, said, “Our partnership with IIM Calcutta strengthens our vision of building future leaders. Through ARRA, we aim to remove barriers and empower talented students to grow into responsible and innovative professionals who will shape India’s economic future.”

Prof. Sumanta Basu, Dean (Development & External Relations)

“Our partnership with Rosy Blue Foundation aligns strongly with IIM Calcutta’s commitment to nurturing future leaders. Through the ARRA Scholarship, we are able to support deserving students by reducing financial barriers and enabling them to focus on academic excellence, leadership development, and responsible innovation. This collaboration contributes meaningfully to shaping professionals who will play a vital role in India’s economic and social progress.”

As India’s business landscape evolves with digital innovation, sustainability, and global integration, investing in quality management education is more important than ever. This scholarship is a step toward building a stronger, future-ready India.

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