STOCK MARKET BSE NSE

US-based IIT Bombay alumni body donates USD 50 million to alma mater 

IIT Bombay Heritage Foundation has supported 575 named scholarships benefiting nearly 5,000 students and funded the construction and establishment of 25 major centres, schools and laboratories.

Published: 22nd July 2021 12:13 PM  |   Last Updated: 22nd July 2021 12:13 PM   |  A+A-

IITBHF has also helped establish the most recognisable IIT and IIT Bombay brands in the US and elsewhere.

IITBHF has also helped establish the most recognisable IIT and IIT Bombay brands in the US and elsewhere. (File Photo | PTI)

By PTI

WASHINGTON: A US-based alumni group of the Indian Institute of Technology (IIT), Bombay has donated a whopping USD 50 million to its alma mater.

The IIT Bombay Heritage Foundation (IITBHF), a US-based non-profit charitable organisation established to support students, alumni, faculty, and research at IIT Bombay, said this during a virtual event attended by hundreds of leading alumni and past and current IIT-B directors, a media release said.

IITBHF celebrated 25 years of its alma mater on July 19.

According to the organisers, the amount of USD 50 million was collected from over 3,300 donors.

The foundation has also helped establish the most recognisable IIT and IIT Bombay brands in the US and elsewhere.

It has supported 575 named scholarships benefiting nearly 5,000 students and funded the construction and establishment of 25 major centres, schools and laboratories.

"This is an occasion to remember our founding, rejoice in our achievements and renew ourselves for the future," said D C Agrawal, president of IIT Bombay Heritage Foundation in his welcome address.

IIT Bombay Director Subhasis Chaudhuri lauded the Heritage Foundation's efforts for its far-reaching contributions over the last 25 years.

"Our success as the top ranked Indian Institute would not have been possible without the heartfelt and far-reaching support of IIT Bombay Heritage Foundation and the alumni donors," he said.

"What IITBHF has achieved over the last 25 years would not have been possible without the generous support of over 3300 alumni donors," said its current chair Raj Mashruwala.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp