IIT Bombay alumnus donates INR 315 crore to alma mater

IIT Bombay alumnus donates INR 315 crore to alma mater

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New Delhi, Updated on Jun 20, 2023 13:23 IST

The donation made by Nandan Nilekani, co-founder and chairman of Infosys Ltd, will be instrumental in fostering world-class infrastructure, stimulating research in emerging areas of engineering and technology at IIT Bombay.

Nandan Nilekani, co-founder and chairman of Infosys Ltd and  founding chairman of UIDAI, has donated INR 315 crore to his alma mater,  Indian Institute of Technology (IIT) Bombay. The contribution builds upon his previous grants of INR 85 crore to the institute, bringing the cumulative value of his support to INR 400 crore.  

The donation will be instrumental in fostering world-class infrastructure, stimulating research in emerging areas of engineering and technology, and nurturing a deep tech startup ecosystem at IIT Bombay. The Memorandum of Understanding was formally signed in Bengaluru by Nandan Nilekani and Prof Subhasis Chaudhuri, Director, IIT Bombay. Nilekani joined IIT Bombay in 1973 for a bachelor's degree in electrical engineering.  

The donation marks the golden jubilee of Nilekani’s association with the institute and also stands as one of the largest donations made by an alumnus in India. Nandan Nilekani said, “IIT Bombay has been a cornerstone in my life, shaping my formative years and laying the foundation for my journey. As I celebrate 50 years of my association with this institution, I am grateful to give forward and contribute to its future. This donation is more than just a financial contribution; it is a tribute to the place that has given me so much and a commitment to the students who will shape our world tomorrow.” 

Pegging it as the beginning of a new era of IIT Bombay, Director Prof Subhasis Chaudhuri said, “We are extremely delighted to see our illustrious alumnus Nandan Nilekani continuing his foundational and pioneering contributions to the institute. This historic donation will significantly accelerate the growth of IIT Bombay and will firmly set it on a path of global leadership.” 

IIT Bombay’s strategic plan for the coming decade includes setting up world-class centres of excellence in strategic areas such as artificial intelligence, green energy, quantum computing and others, nurturing a deep tech start-up ecosystem, and providing best-in-class research, living and  academic facilities to students and faculty.

The plan envisages fundraising of about $500 million over the next five years. Nilekani’s anchor contribution of USD 38.5 million will help the institute kick-start its plans and inspire others to join this transformative initiative. 

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