Infosys chairman Nandan Nilekani donates ₹315 crore to IIT-Bombay
The Hindu
The donation will help foster world-class infrastructure, stimulate research in emerging areas of engineering and technology, and nurture a deep tech startup ecosystem at the famed institution
Nandan Nilekani, co-founder and Chairman of Infosys and the founding Chairman of Unique Identification Authority of India (UIDAI), has donated ₹315 crore to the Indian Institute of Technology (IIT) Bombay.
This builds on his previous grants of ₹85 crore to his alma mater. The donation will help foster world-class infrastructure, stimulate research in emerging areas of engineering and technology, and nurture a deep tech startup ecosystem at the famed institution.
The donation, which is one of the largest donations made by an alumnus in the country, will serve as the anchor for IIT-B's vision to become a global leader among engineering and technology institutes and contribute significantly towards nation-building, a joint statement from the Institute and Mr. Nilekani said on June 20.
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The tech leader joined IIT-B in 1973 for a Bachelor's degree in Electrical Engineering.
"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 esteemed 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," Mr. Nilekani said.
“The donation will significantly accelerate the growth of IIT-B and will firmly set it on a path of global leadership,” said IIT-B Director Prof. Subhasis Chaudhuri. Mr. Nilekani's contribution will catalyse philanthropic contributions towards advancing research & development at universities in the country, he added.
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