Infosys' Co-founder Nandan Nilekani Donates Rs 315 Crore to IIT Bombay

Infosys co-founder and renowned entrepreneur, Nandan Nilekani, has donated Rs 315 crores to his alma mater, the Indian Institute of Technology (IIT) Bombay. This generous contribution commemorates his remarkable 50-year association with the esteemed institution, where he pursued his Bachelor's degree in electrical engineering back in 1973.

The significant donation by Nilekani is aimed at fueling the development of world-class infrastructure, promoting research in emerging domains of engineering and technology, and fostering a thriving ecosystem for deep-tech startups at IIT Bombay. It stands as one of the largest contributions ever made by an alumnus in India, reflecting Nilekani's unwavering commitment to his alma mater's growth and success.

Expressing his deep-rooted gratitude towards the institute, Nilekani shared, "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."

For him, this donation signifies more than just a financial contribution; it represents a heartfelt tribute to the institution that has played a pivotal role in his life and a commitment to the aspiring students who will shape our world tomorrow.

The Memorandum of Understanding was officially signed between Nilekani and Professor Subhasis Chaudhuri, the Director of IIT Bombay, at a momentous ceremony in Bengaluru.

Commenting on this historic donation, Professor Chaudhuri emphasized its transformative impact, stating, "We are extremely delighted to see our illustrious alumnus Nandan Nilekani continuing his foundational and pioneering contributions to the Institute. This historic donation will significantly accelerate the growth of IIT Bombay and will firmly set it on a path of global leadership."

It is worth noting that Nilekani had previously made grants totaling ₹85 crores to the institute, bringing his overall contribution to an astounding ₹400 crore. With this latest donation, Nilekani's vision of nurturing world-class infrastructure, driving research in cutting-edge areas, and fostering a thriving deep-tech startup ecosystem at IIT Bombay is set to become a reality.

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