Infosys co-founder Nandan Nilekani donates Rs 315 cr to alma mater IIT-Bombay
Mumbai: Infosys co-founder and Chairman Nandan Nilekani has made a substantial donation of Rs 315 crore (approximately $38.5 million) to his alma mater, the Indian Institute of Technology (IIT) Bombay.
The donation aims to support the institute's vision of becoming a global leader in technology and engineering.
Nilekani signed a Memorandum of Understanding (MoU) with Professor Subhasis Chaudhuri, the Director of IIT-B, in Bengaluru to formalize the donation.
#IITB receives donation of INR 315 Cr. from @NandanNilekani
— IIT Bombay (@iitbombay) June 20, 2023
This donation builds upon his previous grants of INR 85 Cr. to IITB; cumulative value of support INR 400 Cr.
One of the largest donations made by an alumnus in India!@RNP_Foundation pic.twitter.com/z9VShpDX5j
This contribution, along with his previous grants of Rs 85 crore, brings the total value of his contributions to Rs 400 crore.
The initial grant of Rs 85 crore has already been used for various purposes, including the construction of new hostels, co-financing the School of Information Technology, and establishing India's first university incubator, which has played a significant role in fostering the country's startup ecosystem.
The recent donation of Rs 315 crore will play a crucial role in enhancing infrastructure, promoting research in emerging areas of engineering and technology, and nurturing a thriving deep-tech startup ecosystem at IIT-B, according to the official statement.
To mark 50 years of my association with @iitbombay, I am donating ₹315 crores to my alma mater. I am grateful to be able to do this🙏
— Nandan Nilekani (@NandanNilekani) June 20, 2023
Full release: https://t.co/q6rvuMf2jn pic.twitter.com/f8OEfZ1UTq
This donation marks a remarkable 50-year association between Nilekani and IIT-B, beginning when he joined the institute in 1973 to pursue a Bachelor's degree in electrical engineering. It is also one of the largest contributions made by an alumnus in India.
Throughout the years, Nilekani has maintained strong ties with the institute, serving in multiple roles.
He was a member of the Board of the IIT Bombay Heritage Foundation from 1999 to 2009 and served on the Board of Governors from 2005 to 2011.
Nilekani received the prestigious Distinguished Alumnus Award in 1999 and was honored with an Honorary Doctorate in 2019 during the institute's 57th convocation.
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