IIT Madras Receives ₹228 Crore Donation from Alumnus Dr. Krishna Chivukula
The donation will support various initiatives at IIT Madras, including scholarships for international students, a Research Excellence Grant Program, an Undergraduate Fellowship Program, a Sports Scholar Program, and maintenance of the Krishna Chivukula Block.
The Indian Institute of Technology Madras (IIT Madras) has received largest single donation in its history, amounting to ₹228 crore, from its Alumnus, Dr. Krishna Chivukula (MTech, 1970). This donation is among the largest ever given to an educational institution in India and is set to significantly enhance the institute's research, support for international students, and scholarship programs.
During a special event on campus, the institute honored Dr. Chivukula by naming an academic block the ‘Krishna Chivukula Block’.
Dr. Chivukula, who introduced the innovative Metal Injection Molding (MIM) technology to India in 1997, is the founder and CEO of Indo US MIM Tec, a leader in MIM technology with a projected turnover of nearly ₹1,000 crore. His contributions to technology and business have been widely recognized, including receiving the Distinguished Alumnus Award from IIT Madras in 2015.
Addressing the press, Prof. V. Kamakoti remarked, “Dr. Krishna Chivukula's generous donation underscores the timeless value of education and his enduring connection to his alma mater. This contribution will provide immense benefits to future generations of students.”
Dr. Chivukula expressed his motivation, stating, “My time at IIT Madras was transformative, and I am pleased to give back in a meaningful way. This donation is one of the largest single contributions to an Indian university, reflecting my commitment to supporting the next generation of scholars and innovators.”
The donation will support various initiatives at IIT Madras, including scholarships for international students, a Research Excellence Grant Program, an Undergraduate Fellowship Program, a Sports Scholar Program, and maintenance of the Krishna Chivukula Block.
Prof. Mahesh Panchagnula praised Dr. Chivukula’s contributions, saying, “His humility and generosity set a high standard for future alumni. This donation is a testament to his commitment to fostering excellence in education.”
The Office of Institutional Advancement, part of the IIT Madras Alumni Charitable Trust, spearheaded this successful fundraising effort. Mr. Kaviraj Nair highlighted the impact of the donation, noting, “Dr. Chivukula’s unprecedented generosity will significantly enhance our capabilities and inspire our community.”
Q: Is IIT Madras good for MBA?
In terms of placements, the institute has recorded good placement numbers for MBA. The lowest package offered to the MBA students during 2023 placements was INR 11 LPA. The highest package grabbed was INR 30.66 LPA. The majority of offers received were of packages between INR 20 LPA and INR 25 LPA. Tabulated below are the key highlights of IIT Madras placements 2023:
| Particulars | MBA Placement Statistics (2023) |
|---|---|
| the highest package | INR 30.66 LPA |
| Median package | INR 20.80 LPA |
| the lowest package | INR 11 LPA |
PPOs received |
26 |
Offers above INR 30 LPA |
3 |
Offers between INR 25 LPA - INR 30 LPA |
6 |
Offers between INR 20 LPA - INR 25 LPA |
12 |
Offers between INR 15 LPA - INR 20 LPA |
10 |
Offers between INR 10 LPA - INR 15 LPA |
6 |
Q: Is BTech available in IIT Madras?
Yes, a full-time four-year BTech course is available at IIT Madras. Admission to this course is completely entrance-based. Candidates can pursue BTech course across various popular specialisations, including Aerospace Engineering, Aerospace3 Engineering, CSE, Metallurgical and Materials Engineering, etc. IIT Madras BTech admission are offered on total 1,195 seats through a common admission process. Candidates are selected based on valid JEE Main, followed by JEE Advanced scores.
Q: Is IIT JAM difficult?
Experts share that the IIT JAM exam is difficult to clear. This is not because the difficulty level of the questions asked is very high but because the selection ratio through the IIT JAM exam is low. However, this does not mean that the questions asked in the exam are very easy.
Q: Is IIT Madras good for Masters?
Yes, IIT Madras is good for Masters' programme. During IIT Madras placements 2022, the highest package offered was INR 22 LPA. On the other hand, the average package stood at INR 13.98 LPA.
In the fiscal year 2023-24, IIT Madras set a record by raising ₹513 crore, a 135% increase from the previous year. The institute continues to lead in ‘Tech Driven CSR,’ translating cutting-edge research into societal benefits, with strong support from alumni, donors, and corporate partners. The total amount raised from alumni alone was ₹367 crore, a 282% increase from the prior year, focusing on research, infrastructure, scholarships, and professorships.
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Abhay an alumnus of IIMC and Delhi University, has over a decade long experience of reporting on various beats of journalism. During his free time he prefers listening to music or play indoor and outdoor games.
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