The donors, Satish and Yasmin Gupta, are both graduates of the Irving university's MBA programme. The new premises, construction work for which will commence in 2015, will house the Satish & Yasmin Gupta College of Business.

"Right now, the College of Business classes and administration is all scattered around. We are hoping this new state of the art building will help bring all of the classes under one umbrella," Satish Gupta said.