Vijaybhoomi University Sets New Standard For Transparency, Releases Financial Reports To The Public
Vijaybhoomi University Sets New Standard For Transparency, Releases Financial Reports To The Public
In an instance of probity, Vijaybhoomi University has released its Balance Sheet and Income & Expenditure Accounts for FY23 in the public domain, becoming the first private university in India to do so.
Vijaybhoomi University recently published its annual report consisting of its operational costs on its website, a move that the university’s senior management believes will generate greater trust and confidence amongst its stakeholders.
The University has taken meticulous care to bring to public notice the operational costs, including costs incurred on employment of staff and on all internal affairs. Besides, the University also clearly mentions the revenue it generated from student fees and profits recorded. With the disclosure, Vijaybhoomi University hopes to trigger a trend among private universities in terms of creating trust in their business practices — an honest outreach that could help them gain the confidence of the Government, Industry, students, donors, research grant providers and the society at large.