IIT Bombay to Establish Financial Markets Program with INR 130 Crore Support from Motilal Oswal Foundation

Motilal Oswal Foundation and IIT Bombay have formed a partnership to establish a world-class academic infrastructure and launch a financial markets program, supported by an INR 130 crore commitment from the foundation. Know details here

IIT Bombay to Establish Financial Markets Program

In a landmark initiative aimed at nation-building and enhancing academic excellence in the financial sector, the Motilal Oswal Foundation has entered into a historic partnership with IIT Bombay. This collaboration will lead to the creation of academic infrastructure and the development of a program in financial markets at IIT Bombay. Backed by an INR 130 crore commitment from the Motilal Oswal Foundation, this represents the foundation’s largest contribution to date.

Established by Motilal Oswal and Raamdeo Agrawal, co-founders of MOFSL, the foundation has pledged 10% of Motilal Oswal Financial Services' equity - currently valued at INR 4,000 crore, toward philanthropic initiatives over the next decade. This also marks one of the largest corporate philanthropic contributions ever made to an Indian educational institution.

Under the MoU, the Motilal Oswal Knowledge Centre will be established on IIT Bombay's campus, covering approximately 1 to 1.2 lakh square feet. This cutting-edge academic block will become a central hub for innovation, research, and academic excellence. Featuring state-of-the-art laboratories, research centres, and collaborative spaces, the Motilal Oswal Knowledge Centre will help IIT Bombay attract top-tier talent and advance its mission to lead globally in science and technology.

The Motilal Oswal Centre for Capital Markets (MOCM) at IIT Bombay aims to enhance the Indian financial sector by developing advanced capabilities. This multidisciplinary center will integrate expertise from finance, economics, management, operations research, computer science, AI, and mathematics.

MOCM will provide a range of academic programs in Financial Markets across graduate, undergraduate, and post-graduate levels. Additionally, it plans to offer flexible online Post Graduate Diplomas, making its courses accessible to global professionals. The Centre aims to revolutionize education by giving students exceptional access to industry leaders, hands-on training with real-world data, and opportunities to shape the future of the financial sector.

Prof. Shireesh Kedare, Director of IIT Bombay, expressed gratitude for the monumental support and said, "The Motilal Oswal Knowledge Centre will be a significant milestone in IIT Bombay's efforts to scale new heights of global excellence. This generous donation will help us modernize and advance our infrastructure, essential for fostering ground-breaking research. The establishment of the Motilal Oswal Centre for Capital Markets marks a pivotal moment for IIT Bombay.

Motilal Oswal, Trustee, of Motilal Oswal Foundation said, "At Motilal Oswal Foundation, we are committed to building a research backed educational ecosystem that will create a positive impact on future leaders of the nation. We are honoured to partner with IIT Bombay, an institution that is at the forefront of innovation and academic excellence. The Motilal Oswal Knowledge Centre as well as Motilal Oswal Center for Capital markets stand as a testament to the power of strategic philanthropy and the pivotal role that partnerships between academia and industry can play in creating lasting societal impact. We believe this partnership will pave the way for a brighter, more innovative future for the country and its financial markets”.

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