IIT Madras receives donation A donation of Rs 228 crore was received from alumnus Dr Krishna Chivukula – the largest in its history and the largest ever to an educational institution in India.
Kaviraj Nair, Chief Executive, Office of Institutional Advancement at IIT Madras, said, “We are deeply grateful to Dr. Krishna Chivukula for his extraordinary generosity and his unwavering commitment to our institution. His monumental contribution, the largest single donation ever received by IIT Madras, is a testament to his dedication to promoting excellence in education, research, and innovation.”
The institute said the donation will be used for various purposes, such as helping international students study at IIT Madras through scholarships, funding research, providing graduate fellowship programmes for new students at IIT Madras, supporting sports scholarships, developing Shastra Magazine and maintaining the Krishna Chivukula Block.
Dr Chivukula received his MTech degree in Aerospace Engineering from IIT Madras in 1970 and his MBA degree from Harvard Business School in 1980. In 1997, he introduced the engineering manufacturing technique known as metal injection moulding to India at a time when it was still an emerging technology in the US. In recognition of his achievements, he was conferred the Distinguished Alumnus Award by IIT Madras in 2015.
IIT Madras raises record Rs 100 crore in FY24 513 croresThis amount is more than double compared to last year. It is noteworthy that the alumni alone contributed It stood at Rs 367 crore in FY24, an increase of 281% over the previous year.
The institute received donations worth more than Rs 100 crore. Rs 1 crore was raised from 48 donors (16 alumni and 32 corporate partners) in FY24. These funds were raised through donations from IIT Madras alumni, individual philanthropists and CSR funds and grants from Indian and multinational corporations. According to data released by the college, it raised Rs 1.5 crore. 101.2 crores in FY 2021 and Rs 131 crore in FY 22
