Infosys co-founder Nandan Nilekani donated Rs 315 crore

Nandan Nilekani, the co-founder of India's IT giant Infosys, has donated Rs 315 crore to alma mater Indian Institute of Technology (IIT) Bombay. He has made this donation on the occasion of the completion of 50 years of his association with the organization. This information has been given in the press release. Nilekani had earlier given a grant of Rs 85 crore to the institute and has now given Rs 315 crore. In this way, his total contribution has reached Rs 400 crore. Nilekani joined the institute in 1973 for a bachelor's degree in electrical engineering.

Speaking on the occasion, Nandan Nilekani said, “IIT-Bombay has been the cornerstone of my life, shaping my formative years and laying the foundation for my journey. This donation is more than just a financial contribution, it is a tribute to the place that has given me so much and a commitment to the students who will shape our world tomorrow.

The Memorandum of Understanding (MoU) was formally signed in Bengaluru today by Nandan Nilekani and Professor Subhashis Chowdhary, Director, IIT Bombay. The donation will be instrumental in fostering world-class infrastructure, encouraging research in emerging areas of engineering and technology, and nurturing a thriving tech startup ecosystem at IIT Bombay, the release said.

IITB Director Subhasish Chowdhary expressed happiness that this donation will give a great impetus to the growth of IIT Bombay and place it firmly on the path of global leadership. IIT Bombay is committed to building research and academic excellence that can make India a leader in scientific discovery and work towards solving challenges facing mankind.

Nandan Nilekani was the founding chairman of the Unique Identification Authority of India (UIDAI) in the rank of cabinet minister from 2009 to 2014. In January 2023, he was appointed co-chair of the G20 Task Force on Digital Public Infrastructure for Economic Transformation, Financial Inclusion, and Growth.