IIT Bombay's Class of '98 has made an incredible achievement by making a generous contribution of ₹57 crore.
During their silver jubilee reunion celebration, the 1998 batch of the Indian Institute of Technology (IIT) Bombay has achieved a remarkable feat by making an extraordinary and unprecedented collective contribution of ₹57 crore to their cherished alma mater. This exceptional accomplishment surpasses the previous record set by the 1971 batch during their golden jubilee festivities, with a generous donation of ₹41 crore.
Generosity transforms campus infrastructure and improves facilities
More than 200 alumni enthusiastically took part in this generous initiative, showcasing their dedication to the progress of IIT Bombay. The funds raised will greatly contribute to improving different aspects of the institution. Specifically, the donations will be used to enhance hostel amenities, establish a state-of-the-art AI lab, and offer scholarships to deserving students based on their needs.
Gratitude and Future Vision
Professor Subhasis Chaudhuri, the esteemed director of IIT Bombay, extended his utmost gratitude to the Class of 1998 for their generous support. He emphasized the immense impact their contribution will have on IIT Bombay's relentless pursuit of excellence and its esteemed reputation worldwide. The director further highlighted the profound and enduring connections formed during the alumni's formative years, serving as a tremendous source of inspiration for the entire alumni community.
(Professor Subhasis Chaudhuri, Director, IIT Bombay)
Transformative impact on campus life and academic activities
The generous fund infusion will help to establish sustainable and eco-friendly hostels, maker space labs with a state-of-the-art micro AI factory, and funding for projects at the Centre for Machine Intelligence and Data Minds (C-MInDS). Furthermore, the funds will also contribute towards providing scholarships based on financial need and creating an innovative endowment fund, showcasing our commitment to ensuring the institution's long-term development.
Various key donors and anonymous benefactors
The generous individuals who have significantly contributed to this historic donation include Apoorv Saxena, Shailendra Singh; Peak XV Partners’ managing director, Dileep George of DeepMind, Shrikanth Shetty; Chief Growth Officer at HLC, co-founder and CEO of Indovance, Sandesh Joshi, CEO of Great Learning’s, Mohan Lakhamraju, Vector Capital’s managing director, Anupam Banerjee, and Vishal Shah, Avina’s founder and CEO. It is worth mentioning that the person making the largest individual contribution prefers to remain anonymous, ensuring that no single contribution surpasses half of the total amount.
Achieving records and inspiring future charitable work
The remarkable contribution made by the Class of '98 not only sets a new milestone for collective giving but also serves as an inspiring example for future philanthropic efforts within the IIT Bombay community. It strongly reinforces the notion that alumni, united by a common spirit, can greatly influence the success of their alma mater.
In conclusion
This project has the potential to create a lasting legacy that will benefit future generations.
As we contemplate the achievements of the Class of '98, their kindness serves as a testament to the unwavering spirit of the IIT Bombay community. This incredible donation will have a lasting impact, elevating the institution to a prominent position among the world's leading universities. The collective endeavours of our esteemed alumni community persist in paving the path for an influential and internationally recognized educational establishment.
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