Pune, India – 20st May, 2025 – The Rosy Blue Foundation, the philanthropic arm of Rosy Blue, a global leader in the diamond and jewellery industry, proudly announces the official launch of the Arunkumar & Ramniklal Mehta (ARRA) Scholarship, following a successful pilot phase in 2024.
Established in memory of Late Shri Ramniklalbhai Rajmalbhai Mehta and Late Shri Arunkumar Ramniklalbhai Mehta, this flagship initiative aims to provide full financial support to high-achieving Indian students pursuing undergraduate and postgraduate studies at India’s premier institutions.
The ARRA Scholarship reflects Rosy Blue’s enduring commitment to nurturing talent and advancing equitable access to education. By removing financial barriers, the initiative seeks to empower the next generation of leaders, innovators, and changemakers, offering them the platform to excel academically and contribute meaningfully to society. The scholarship is open to students from all backgrounds and is agnostic to religion, caste, and creed, reinforcing its inclusive and merit-driven approach.
“The ARRA Scholarship embodies our belief that no deserving student should be denied the opportunity to pursue quality education due to financial limitations. By combining full financial assistance with mentorship and community support, we are investing in the future of India—its youth. We are proud to honor the legacy of Ramniklalbhai and Arunkumarbhai through this initiative.”
– Mr. Russell Mehta, Director, Rosy Blue Foundation & Chairperson, ARRA Scholarship
The scholarship is merit- and means-based, awarded to students with annual household incomes below ₹35 lakhs. It is open to top performers in national-level entrance exams and supports study across a wide range of disciplines including Engineering, Medicine, Science, Law, Management, Architecture, Liberal Arts, and more.
In its inaugural year, the ARRA Scholarship awarded nine full scholarships to students pursuing degrees such as B.Tech, B.E, B.Arch, M.Arch, B.Sc. Economics, MBBS, and PGP in Management.
The program currently partners with leading institutions such as Ashoka University, IIT Delhi, IIM Ahmedabad, BITS Pilani, CEPT Ahmedabad, and Seth GS Medical College, with more top-tier institutions expected to join in the coming months.
Looking ahead, the Rosy Blue Foundation aims to expand the scholarship to more institutions, enhance its digital outreach, and provide continuous mentorship. Through these efforts, the ARRA Scholarship seeks to build a robust and engaged network of future-ready leaders—individuals who will serve society with compassion, purpose, and knowledge.
