Baruch Professor Donates $3 Million for the Narendra Paul Loomba Department of Management
Celebrates More Than 45 Years of Service with Generous Gift to the College and its Students
NEW YORK, NY- October 17, 2013 - The Zicklin School of Business at Baruch College is proud to announce a $3 million gift for the renaming of its Department of Management. Through a generous gift by long-serving Professor of Management Narendra Paul Loomba, the Department is now the Narendra Paul Loomba Department of Management.
Professor Loomba has been teaching in the Department of Management at Baruch College since 1968. During his tenure at Baruch, Professor Loomba served as Chair of the Department of Management from 1972 to 1978 and helped establish the Healthcare MBA program and the Master of Science in Industrial Labor Relations program. Professor Loomba also wrote a number of textbooks and taught both undergraduate and graduate courses in the areas of Operations Management and Corporate Strategy.
"As one of the nation’s top public colleges, Baruch’s success and aspirations are reflected through the scholarship and commitment of its faculty and the quality of our students. This extraordinary and most generous gift by a member of our faculty, Professor Narendra Loomba, helps to ensure the quality of the Department of Management in the Zicklin School of Business and the future success of its students," said Baruch President Mitchel B. Wallerstein.
“I am very grateful to this institution and my colleagues,” said Professor Loomba. “I have enjoyed teaching thousands of students in my classes throughout my time at Baruch. Baruch is my home away from home, and I wanted to give a small token of my appreciation. It’s a beautiful thing.”
“I am thrilled to see that our colleague has decided to endow the Department of Management with this generous gift,” said Myung-Soo Lee, Interim Dean of the Zicklin School of Business. “This will be truly a turning point of our philanthropic culture since, to the best of my knowledge, Professor Loomba’s gift is the first significant one coming from a member of our faculty and staff. I hope that this sets precedence for future gifts to further our core mission of educating our students and supporting faculty research.”
“Professor Loomba’s gift will have a significant impact on our faculty and students,” said Edward Rogoff, Chair of the Department of Management in the Zicklin School of Business. “Faculty will be supported in career development activities and student programs will be expanded. The fact that this is a gift from an active faculty member gives it special meaning to everyone.”
Born and raised in Dhilwan, a town in the state of Punjab, India, Professor Loomba grew up as the oldest of seven children. His parents instilled the importance of social work, charity and education – values that Professor Loomba has passed on to his three children, who now have successful careers in law and higher education.
After earning his B.S. in Physics and Chemistry from the University of Punjab in 1947, Professor Loomba left Dhilwan at the age of 21, and enrolled in the University of Nebraska where he later earned a BS in Electrical Engineering and a BS in Mechanical Engineering (1949-1952). He continued with his education and earned an MS in Electrical Engineering from the Mass. Institute of Technology (1952-1954) and a PhD in Management and Economics from the University of Wisconsin (1955-1957).
Before joining Baruch, Professor Loomba taught management and business at other institutions including Florida International University, Lehigh University, the University of Iowa, and Wichita State University. He entered the academic world as a teaching assistant in the Department of Electrical Engineering at the Massachusetts Institute of Technology, where he taught from 1952 to 1954 and then worked as a teaching assistant in the Department of Management at the University of Wisconsin.
In addition to teaching, Professor Loomba serves as a consultant to a variety of businesses. He has worked with organizations that include HealthWays Inc., the Ford Foundation, Phelps Dodge Cable & Wire Company, and White Plains Hospital Medical Center.
About Baruch College:
Baruch College is a senior college in the City University of New York (CUNY) with a total enrollment of more than 17,000 students, who represent 160 countries and speak more than 100 languages. Ranked among the top 15% of U.S. colleges and the No. 5 public regional university, Baruch College is regularly recognized as among the most ethnically diverse colleges in the country. As a public institution with a tradition of academic excellence, Baruch College offers accessibility and opportunity for students from every corner of New York City and from around the world. For more about Baruch College, go to http://www.baruch.cuny.edu/.
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