Infosys co-founder Nandan Nilekani donates Rs. 315cr to IIT Bombay
What's the story
Nandan Nilekani, the co-founder of Infosys, has donated Rs. 315 crore to the Indian Institute of Technology (IIT) Bombay, which he joined for a Bachelor's degree in electrical engineering in 1973. He made the announcement on the completion of 50 years of his association with the institution, first as a student and then in various roles, including on the Board of Governors from 2005-2011.
Twitter Post
Here's Nilekani's Twitter post
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
Details
Nilekani previously donated Rs. 85 crore to IIT Bombay
According to Nilekani's announcement, his contribution adds to his previous grants of Rs. 85 crore to IIT Bombay, bringing the cumulative value to Rs. 400 crore. "The donation will be instrumental in fostering world-class infrastructure, stimulating research in emerging areas of engineering and technology, and nurturing a deep tech startup ecosystem at IIT Bombay," the release read.