US based IIT Kanpur Alumnus Anil Bansal donates US$2.5 million for medical school

The School of Medical Sciences and Technology at IIT Kanpur will be completed in two phases and would host a 500-bed Super-Specialty Hospital, among other amenities.

After IndiGo Co-Founder Rakesh Gangwal donated Rs 100 Cr to Indian Institute of Technology (IIT) Kanpur last week, another alumnus has donated USD 2.5 Million to be used in establishing School of Medical Sciences & Technology at the institute. The School is now being named as Gangwal School of Medical Sciences and Technology.

Anil Bansal is an alumnus of IIT Kanpur and the President of First National Realty Management, which owns and manages commercial properties throughout the United States of America.

IIT Kanpur has announced the signing of an MoU with the Anil and Kumud Bansal Foundation to support the establishment of the School of Medical Sciences and Technology (SMST) at IIT Kanpur. Bansal is an alumnus of IIT Kanpur, and runs the Anil and Kumud Bansal Foundation, along with his wife Kumud Bansal.

Under the MoU, the Anil and Kumud Bansal Foundation pledges to donate an amount of US$2.5 million for the establishment of the School. The School is now being named as Gangwal School of Medical Sciences and Technology.

Prof. Abhay Karandikar, Director, IIT Kanpur said, “Our vision has been getting shaped with the growing generous insights and contributions from our global alumni network. We planted the seed for setting up a dedicated school to bridge the gap between medical and technology disciplines in order to bring a paradigm shift in medical research and innovation in India, and now it is our alumni who are coming forward to help us nurture that vision into a reality. We are grateful for this generous contribution from our alumnus, Anil Bansal, and welcome him to be a part of the Founder’s Circle in our endeavor to achieve this goal.”

Anil Bansal said, “To be able to contribute to one’s alma mater always feels great and when the occasion is such a noble one, the excitement gets multiplied. I am glad to witness IIT Kanpur scaling new heights under the able leadership of Prof. Abhay Karandikar and believe that this new endeavor to set up a one-of-a-kind School of Medical Sciences & Technology would truly bring a new outlook to the field of medical research and innovation in India. My wife Kumud, and I are delighted to be part of this journey.”

Bansal graduated with a Bachelor’s degree in Mechanical Engineering in 1977 from IIT Kanpur and went on to study at the University of Notre Dame. He is the President of First National Realty Management, which owns and manages commercial properties throughout the United States. A true entrepreneur, he was the main founder of Indus American Bank, as well as an investor in many IT companies. Mr. Bansal is active in his New Jersey community and serves on the boards of several corporations and charity organizations. He is also an active member of the Rotary. Mr. Bansal also runs the Bansal Charitable Foundation, which provides financial support to many nonprofit organizations in the US.

IIT Kanpur medical school to be completed in two phases

The medical school at IIT Kanpur will be completed in two phases. Phase I of the project will include setting up a 500-bed Super-Specialty Hospital, Academic Block, Residential/Hostel, and Service Block with a total built-up area of approximately 8,10,000 sq ft. Phase I will also include setting up Centers of Excellence (CoE) for pursuing R&D activities in futuristic medicine. This phase is tentatively planned to be completed over the next 3-5 years. The Phase II of the project will see the hospital capacity grow to 1000 beds, expansion in clinical departments/centers, research areas, the inclusion of paramedical disciplines, alternative medicine, hospital management, sports medicine, and public health programs. The Phase II is planned to be completed over a period of 7-10 years.

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