SP Jain Group acquires California Miramar University
SP Jain Group has acquired California Miramar University (CMU), which will allow the group that runs business schools to offer artificial intelligence-related master’s and bachelor’s programmes to global students. The process to acquire the university had started in November last year and the all-cash deal is now through, SP Jain Group president Nitish Jain told ET over a virtual interaction.
With the acquisition, the group now has access not only to AI courses and learning tools but also the US market, he said. The group has six campuses: Dubai (opened in 2004), Singapore (2005), Sydney (2012), Mumbai (2015), London (2023), and now CMU in San Jose, California.
The group primarily has two flagship programmes: master of global business and executive MBA.
Its campuses, excluding CMU, have a total of 3,000 students, of which 70% are Indians.
“We are looking at increasing the international student ratio. In the next two years, we want to bring it up to at least 50%,” Jain said.
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“AI is at the beginning of the cycle rather than an overblown cycle because of the power of these large language models or generative AI models,” said Jain.
CMU is located about a 15-minute drive from
