13 December 2006 – An Indian-American who turned his graduate thesis into a global automotive enterprise has donated an unprecedented $30 million to University Hospitals, Cleveland, for the construction of a medical complex.
Monte Ahuja, 60, chairman and CEO of Transtar Industries in Walton Hills and a member of the University Hospitals Health System board of trustees, announced his gift after Northeast Ohio’s second-largest health-care system unveiled an ambitious $1.2 billion expansion. The expansion plan includes a new cancer hospital and substantial improvements to neonatal intensive care and emergency departments.
Ahuja’s $30 million donation was announced to an unsuspecting crowd at the hospital’s holiday celebration on Tuesday evening. In a statement the Chandigarh-born native of India, who has built Transtar into a company with about $250 million in annual sales, said, “Cleveland has given me my life. I can think of no better investment than University Hospitals’ Vision 2010.”
UH CEO Thomas Zenty said, “In naming UH’s newest hospital the Ahuja Medical Center, we are paying tribute to the family’s dedication to advancing health care for our community and beyond, and ensuring that future generations recognize the Ahuja family’s role in promoting the economic vitality of Northeast Ohio.”
Ahuja said that he wanted to give back to a community where he found success after coming to the U.S. from India for graduate studies. Ahuja is a major benefactor of Cleveland State University, which named its college of business administration after him. But his gift to UH is his largest yet and the largest in the hospital’s 140-year history.
Construction of Ahuja Medical Center will begin next year on 53 acres in Chagrin Highlands, on Interstate 271 at the Harvard Road exit. The Center will incorporate the latest in medical technology, electronic information, patient safety and environmentally responsible design. The medical office building will be open in 2008, the ambulatory care facility in 2009 and the hospital in 2010, hospital officials said.
“Monte and his wife, Usha, are the classic American success story,” UH President Thomas Zenty said when the gift was formally announced. “We are very appreciative of this family’s efforts.” Ahuja gave a short speech at the party after his gift was announced. Standing at the dais with his family, Ahuja described the hardships he faced as a young man looking for steady work. “My family and I are truly humbled by the recognition of our commitment to UH,” he said.
Ahuja started his automotive parts and transmission parts company on a shoestring; the company now is worth an estimated $250 million with branches in 35 cities. He sold a majority stake in Transtar last year but said he retained a substantial ownership position and continued as the company’s chairman and chief executive.
Tags: advancing health, cancer hospital, chagrin highlands, cleveland state university, college of business administration, economic vitality, future generations, graduate thesis, harvard road, holiday celebration, monte ahuja, neonatal intensive care, responsible design, substantial improvements, transtar industries, university hospitals cleveland, university hospitals health, university hospitals health system, vision 2010
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An Indian American, an MBA from the classroom, a project in several companies donated $ pledged $ 1 million and one million additional, Cleveland State University, in the first place, BWL in support of their school. University officials said the donation the largest in the history of the school.
"This gift is a way of saying, thank you for the College of Business Administration for all, I got the support, whereas I am a student, he was," said Monte Ahuja, President and Chief Executive Officer transport Star Industries, "I am very pleased that can give a new school, that ..
Washington: A gift of $ 2 million in 2000 to Cleveland State University, where he has an MBA title merit, and the appointment of a six-story, 120000 square feet Business School building after him, was not good enough to Monte Ahuja thank America for what he had done for him.
Tuesday, in one of the greatest acts of charity by an Indian immigrant to the USA, entrepreneurs 60 years, wrote a flying flat sewing $ 30 million for Cleveland's University to build hospitals, which is called Ahuja Medical Center - a full-service hospital. The contribution of the small size of $
Managing MBA
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MBA, Harpeth Hall, Ensworth nab lacrosse titles
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..the average salaries offered to the pass-outs of Agri-Business Management (ABM)...saw a 35 per cent rise at Rs 7 lakh this year
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Workplace Options Introduces Managerial Tool Kit; Manager Kit Offers MBA-Level Advice to New and Middle-Management
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BUSINESS SCHOOLS: Iveys MBA is best
The Richard Ivey School of Business at the University of Western Ontario has Canadas top MBA program, says a Wall Street Journal/Harris Interactive poll. Some 4,125 corporate recruiters list Ivey ninth among 24 schools in Europe, North America and Latin America.
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Source : canada.com
May 8th, 2009 at 5:35 am
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