Two Blackstone staffers win Rs 74 lakh in firm's charity contest

The award money will support Bal Gurukul, IDF's flagship project that provides supplementary after school education programmes to needy children

Shruti Agrawal and Sambhav Jain, 25-year-old associates in Blackstone’s Indian private equity team have won $100,000 (Rs 74 lakh) for the Indian Development Foundation (IDF) in the Blackstone Gives Back Challenge, a firm-wide charity competition.

Blackstone Gives Back, sponsored by the Blackstone Charitable Foundation, is a competition for employees to win funding for charities of their choice. Through a competitive month-long selection process, the firm’s leadership and the Foundation’s Board of Directors judge teams based on a number of factors including the project’s impact, innovation, scalability, team’s analysis of project goals and financials, and strength of the organisation’s leadership. This year,