Nandan Nilekani Donates Rs 315 Crores To His Alumni IIT Bombay

Bengaluru, June 20 (TNA) Co-Founder and Chairman of Infosys Ltd. and Founding Chairman of UIDAI, has donated INR 315 Crores ($ 38.5 Million) to his alma mater, Indian Institute of Technology (IIT) Bombay. This substantial contribution builds upon his previous grants of INR 85 Crores to the Institute, bringing the cumulative value of his support to INR 400 Crores.

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 Memorandum of Understanding was formally signed on Tuesday in Bengaluru by Nandan Nilekani and Prof. Subhasis Chaudhuri, Director, IIT Bombay.

This significant contribution serves as the anchor for IIT Bombay's ambitious vision to become a global leader among engineering and technology institutes and contribute significantly towards nation-building. Nilekani joined IIT Bombay in 1973 for a Bachelor's degree in electrical engineering.

The donation marks the golden jubilee of Nilekani’s association with the Institute and reflects the deep bond he continues to share with his alma mater. It also stands as one of the largest donations made by an alumnus in India.