Infosys chairman Nandan Nilekani donates ₹315 crore to IIT Bombay
IIT Bombay plans to raise $500m over the next five years
Nandan Nilekani, co-founder and chairman of Infosys, has donated $38.5m to his alma mater, the Indian Institute of Technology Bombay, to support infrastructure improvements, research and a deep tech startup ecosystem.
IIT Bombay plans to raise $500m over the next five years and establish centres of excellence in artificial intelligence, green energy and quantum computing.
Nilekani, who studied electrical engineering at IIT Bombay, has contributed $85m to the institute over the years and served on its board of governors.
Nandan Nilekani, co-founder and chairman of Infosys Limited and founding chairman of UIDAI, has donated ₹315 crore ($38.5 million) to his alma mater, Indian Institute of Technology Bombay (IIT Bombay).
The contribution aims to enhance world-class infrastructure, promote research in emerging areas of engineering and technology, and foster a thriving ecosystem for deep tech startups at IIT Bombay, the institute said in a statement.
A memorandum of understanding was signed between Nilekani and professor Subhasis Chaudhuri, institute director, in Bengaluru on Tuesday.
