IIT Madras raised Rs 101.2 crore in 2020–21; this amount increased to Rs 131 crore in 2021–22; in 2022–23, the institute received Rs 231 crore. During the fiscal year 2023–24, the Indian Institute of Technology Madras (IIT Madras) raised an unprecedented Rs 513 crore in financing from its alumni, business community, and private benefactors. In this fiscal, the Institute additionally received a total of new pledges of Rs 717 crore from business partners and alumni.
Kaviraj Nair, CEO, Office of Institutional Advancement, IIT Madras, said, “The funds raised through alumni community and corporate donors are used to support cutting-edge research, provide scholarships to students in need, and to help develop campus.”
Nair added, “By investing in these critical areas, IIT Madras aims to not only elevate the academic experience but also cultivate a nurturing environment for innovation and societal transformation. The ripple effect of this philanthropic support extends far beyond our campus borders, reaching into communities and touching countless lives. Together with our donors, alumni, and stakeholders, we will continue to push the boundaries of knowledge and make a tangible difference in the world.”
IIT Madras raised Rs 101.2 crore in 2020–21; this amount increased to Rs 131 crore in 2021–22; in 2022–23, the institute received Rs 231 crore.At Rs 513 crore, this historic high represents a 135% increase over the amount raised in the 2022–2023 fiscal year.
Information indicates that about 48 donors—16 alumni and 32 corporate partners—have given more than Rs 1 crore apiece.
Prominent projects of IIT Madras include…
UG Anatomy lab in the Department of Medical Sciences and Technology
Fedex Centre for Sustainable Supply Chains
Walmart Centre for Tech Excellence
Shankar Centre of Excellence for Diabetes research
Jaisri and Venkat Wind Energy Center
Wadhwani School of Data Science and AI
The IIT Madras has established a specialized team of professionals in the Office of Alumni and Corporate Relations to oversee fundraising efforts and to foster and enable relationships between the varied network of IIT Madras alumni, corporate enterprises, and philanthropists.
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