Rs. 10 lakhs prize money 360 ONE Wealth All India Junior Grand Prix Chess Series to be held in Mumbai

by Priya Jadhav

Mumbai, September 12, 2023: A prestigious series of four classical chess tournaments, 360 One Wealth All India Junior (Under-15) Grand Prix, a prestigious series of four classical chess tournaments, with a combined prize pool of Rs 10 lakhs, was launched at the Russian Centre for Science and Culture, in the city on Tuesday.

The Trophy for the 360 One Wealth All India Junior Grand Prix Chess Series was unveiled in the city on Tuesday in the presence of (L to R) IWM Bhagyashree Thisay, Shilpa Bhagat pf 360 One Wealth, GM Prain Thipsay and Praful Zaveri on Indian Chess School

The tournaments, to be organised by the Indian Chess School, were announced in the presence of Dr. Elena Remizova, Vice—Consul and Director Russian Centre, Shilpa Bhagat of 360 One Wealth, GM Pravin Thipsay, IWM Bhagyashree Thipsay and Praful Zaveri of Indian Chess School.

These tournaments are exclusively designed for chess prodigies under the age of 15, providing them with a significant platform to showcase their talents and compete on a national and international level.

The tournaments will be held at the state-of-the-art academy of the Indian Chess School, located at the Russian Centre for Science & Culture and will follow a classical format with a 7-round Swiss league, featuring a time-control of 90 minutes + 30 seconds per player.

The tournaments will be recognised by the All India Chess Federation, Maharashtra Chess Association, and Mumbai District Chess Association. The performance of the players will be considered by FIDE (World Chess Federation) to determine their FIDE Ratings.

Karan Bhagat, Founder, MD & CEO, 360 ONE said, “360 ONE is deeply committed to nurturing young chess talent and fostering the growth of chess in India. We believe in providing a platform for young chess prodigies to excel on the international stage, and this series of tournaments for the last seven years is a testament to our dedication to the sport.”

Praful Zaveri, Founder, MD, Indian Chess School said, “The impact of 360 ONE Wealth on the growth of chess in India and Mumbai is immeasurable. The 360 ONE Mumbai International Chess Tournament has been a transformative platform, enabling numerous players to leave their mark on the global stage. It's truly remarkable to witness the exceptional talents of Indian chess, including Dommaraju Gukesh, Rameshbabu Praggnanandhaa, Raunak Sadhwani, Divya Deshmukh, Leon Mendonca, and Pranav Venkatesh, all participating and excelling at this event.With the introduction of the 360 ONE Junior Grand Prix Series in Season VIII, we are poised to script a new chapter in the development of chess in India!"

Schedule of Events:

TOURNAMENT NO.

DATES

PRIZE POOL

Series # 1

15 TO 21 November, 2023

₹2,50,000

Series # 2

25 to 31 December 2023

₹ 2,50,000

Series # 3

05 to 11 February 2024

₹ 2,50,000

Series # 4

11 to 17 March 2023

₹ 2,50,000