Mr N.J. Yasaswy, founder of the ICFAI Group of educational
institutions and a pioneer to promote higher education in the private
sector, died on Saturday.
A chartered accountant, the 62-year-old Yasaswy built a network of 11
universities and six ICFAI Business-schools, with presence across the
country. The ICFAI B-school and the various publications have come to
stay.
He died at a corporate hospital after ailing for a couple of weeks.
A known face in the financial and accountancy sectors, Yasaswy's
annual post-Budget analysis sessions were very popular.
He was a member of the board of directors of the Association of
Certified International Investment Analysts, Switzerland.
Recently, he was nominated Member on SEBI Committee on Accounting Standards.
In 1984, he ventured into entrepreneurship in the education sector.
This led to the birth of ICFAI.
He is survived by his wife, a son and a daughter.
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