XLRI – Xavier School of Management, located in Jamshedpur, Jharkhand, was established in 1949 by Fr. Quinn Enright, S.J. It is India's oldest business school. XLRI started offering management and trade union courses in 1949 and introduced a full-time industrial welfare program in 1953. The institute initially operated from the Boulevard Hotel and later shifted to the Loyola School campus in 1956. Official records confirm 1949 as the year of establishment.
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