Not many have worn the entrepreneurial hat at 67. But for Bala V. Balachandran, the decision to turn 'edupreneur' in 2004 with Chennai-based Great Lakes Institute of Management was irresistible. "I had to sell my house to set up the institute," says the now 79-year-old. Balachandran, a Kellogg Distinguished Professor of Accounting and Information Manage-ment at Northwestern University, Illinois, US, is also credited with giving shape to Management Development Institute in Gurgaon and Indian School of Business, Hyderabad.

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