According to the Boston Herald, Harvard Business School’s Indian-born Dean Dr. Nitin Nohria announced that the Tata Companies, the Sir Dorabji Tata Trust, and the Tata Education and Development Trust, which are philanthropic arms of the Tata Group, India’s largest company, are donating $50 million to the School. The gift, the largest from an international donor in the School’s history, will fund a new HBS facility to support the School’s broad range of executive education programs. Officials hope to break ground next spring for the new academic and residential building, to be named Tata Hall, with completion scheduled for the fall of 2013. The building will be in front of Kresge Hall, facing Soldiers Field Road.
The Tata group, based in Mumbai, includes interests in steel, automobile, compter services, and more. Much of their stock is owned by non-profit trusts.