Infosys Co-Founder Nandan Nilekani Donates Rs 315 Crore To IIT Bombay, He is Ex Student of Institute

Co-founder of the country’s second-largest software company Infosys, Nandan Nilekani has donated Rs 315 crore to the Indian Institute of Technology (IIT), Bombay, to mark its completion of 50 years of its association. Nilekani did his bachelor’s degree in electrical engineering from the same institute.

A press release issued in this regard states that the purpose of this donation is to enhance world-class infrastructure at IIT, Bombay, help research in emerging areas of technology and engineering, and promote startups related to the tech sector. This is one of the highest donations made by an alumnus in India to this institute. The release quoted Nilekani as saying, “IIT Bombay has been a major part of my life. It has shaped my formative years and laid the foundation for my journey. I look forward to my 50 years of association with this prestigious institute. Celebrating its completion. I am grateful to have contributed to its future. This donation is my tribute to a place that has given me so much.”

A mutual agreement attached to this donation to the institute was signed by Nilekani and Subhasis Chaudhuri, director of IIT Bombay. With this donation, the institute will be on its way to becoming a global leader, Chowdhary was quoted as saying in the release. Earlier, Nilekani had given a grant of Rs 85 crore to the institute.

Shiv Nadar, founder of another big software company HCL, topped the list of most generous people in the country last year with an annual donation of Rs 1,161 crore. The daily donation from Nadar was around Rs 3 crore. Last year there were 15 such persons in the country who had donated more than Rs 100 crore. Azim Premji of IT company Wipro was in second place in this list. His annual donation was Rs 484 crore. Last year, Jeff Bezos, founder of the global e-commerce and tech company Amazon, had told that he was planning to give a large part of his wealth of billions of dollars to charity.

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Kashif Ali

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