The Manjunath Shanmugam Trust (MST) is an initiative of IIM alumni across the world, who have joined hands to improve governance in Indian public life. Manjunath Shanmugam was an IIM-L alumnus and an IOCL Sales Manager, who was murdered on 19 November 2005 at Lakhimpur Kheri, UP. Manjunath refused bribes and ignored threats to fight oil adulteration. The Sessions Court declared all eight accused guilty, with the main accused given death penalty and the rest, life imprisonment. The High Court last year commuted the death sentence of the main accused to life, and while acquitting two of them maintained the sentences of the others.

On 19 November, 2006 - Manju's first death anniversary, the trust announced the Manjunath Shanmugam Integrity Award to honor and encourage person/s or institutions who are working to uphold the values of truth and honesty in Indian public life.