The BOptom will be a four-year programme.
Krishna Kumar Chigurupati, Chairman and Managing Director of Granules India Limited, encouraged the students to follow their passion, and continue with perseverance to achieve their goals.
1,300 students will be awarded their degrees.
GITAM chancellor Virender Singh Chauhan said young people should play a crucial role in addressing both current and future global challenges.
Competition open to students currently enrolled in LLB and LLM courses in India.
GITAM Vice-President M Gangadhara Rao said that Murthi was a multi-faceted personality imbibing the qualities of an industrialist, educationist, politician and philanthropist.