Home Education An alumnus of IIT-Delhi has donated Rs 10 crore to IIT-Delhi

An alumnus of IIT-Delhi has donated Rs 10 crore to IIT-Delhi

An alumnus of IIT-Delhi has donated Rs 10 crore to IIT-Delhi

IIT-Delhi alumnus Amarjit Bakshi made a donation of Rs. 1 crore more to the Endowment Fund. Professor V Ramgopal Rao’s actions have encouraged a number of graduates, according to Mr. Bakshi.

Key Highlight:

  • Indian Institute of Technology Delhi alumnus Amarjit Bakshi has donated additional one crore rupees to the institute’s Endowment fund.
  • Public funds of Rs 550 crores a year are used to support the institute.
  • Prof. V Ramgopal Rao was inspired by this idea to begin the Endowment Fund at IIT Delhi.

Indian Institute of Technology Delhi alumnus Amarjit Bakshi has donated additional one crore rupees to the institute’s Endowment fund. The IIT Delhi Endowment Fund was formed in 2017 after Mr. Amarjit Bakshi made a contribution of Rs. 1 crore. Prof. V Ramgopal Rao was inspired by this idea to begin the Endowment Fund at IIT Delhi.

IIT Delhi’s alumni are distributed across the globe, with a population of 55,000. It’s not uncommon for the school’s alumni to be well-off and well-regarded in their respective fields. Public funds of Rs 550 crores a year are used to support the institute.

He remarked, “It is time that the institute is independent of public funding and all its expenses should be borne by the alumni through the Endowment Fund.” A commitment to pay Rs 10 crores in 2017 prompted him to begin with a one-time contribution of Rs 1 crore in 2017. He’s already donated Rs 4 crores, and that’s only so far.

People have started to give back because of Prof Rao’s inspiring actions, says Mr. Bakshi. Another IIT alumnus, Mr. Anant Yardi, just gave USD 10 million.

‘IIT Delhi prides itself on its world-class professors and alumni who have distinguished themselves in many fields,’ stated Prof V Ramgopal Rao, Director of IIT Delhi. When our alumni recognize their Institute and its research, we are grateful to Mr. Amarjit Bakshi for his generosity and support to his Alma Mater.”

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5 COMMENTS

  1. […] An alumnus of IIT-Delhi has donated Rs 10 crore to IIT-DelhiIIT-Delhi alumnus Amarjit Bakshi made a donation of Rs. 1 crore more to the Endowment Fund. Professor V A computer simulator developed by IIT-Bombay prevents virus spread in enclosed spacesIIT-Bombay has developed a computer simulator that can stop the spread of viruses in enclosed spaces. A research team from IIT Bombay has developed a method to remove harmful gases from the airThe XPRIZE Foundation has awarded a $250,000 grant to students and faculty at IIT Bombay. Students Srinath A professor at IIIT-H opens a new chapter on flexible electronicsIIIT-H professor has written a textbook on flexible electronics, and it is now available for purchase. Startup from IIT Madras Raises $1.6 Million In Pre-Series A Funding‘Planys,’ a marine robotics start-up from IIT Madras, has secured a $1.6 million pre-Series A round of MoU signed between IIT Delhi and IIIT Delhi for India’s first medical cobotics centerA Medical Cobotics Center (MCC) is to be established at IIIT Delhi, India’s first. MCC will be a medical IIT Bombay researchers created a porous liquid that converts CO2 into calcium carbonateThere has been an alarming increase in carbon dioxide emissions from human and industrial activities. A Noida startup backed by IIT gets an order to supply portable inverters from TeslaAn Indian start-up has placed a large order with Tesla for portable inverter units. The Magic Box Smart […]

  2. […] An alumnus of IIT-Delhi has donated Rs 10 crore to IIT-DelhiIIT-Delhi alumnus Amarjit Bakshi made a donation of Rs. 1 crore more to the Endowment Fund. Professor V A computer simulator developed by IIT-Bombay prevents virus spread in enclosed spacesIIT-Bombay has developed a computer simulator that can stop the spread of viruses in enclosed spaces. A research team from IIT Bombay has developed a method to remove harmful gases from the airThe XPRIZE Foundation has awarded a $250,000 grant to students and faculty at IIT Bombay. Students Srinath A professor at IIIT-H opens a new chapter on flexible electronicsIIIT-H professor has written a textbook on flexible electronics, and it is now available for purchase. Startup from IIT Madras Raises $1.6 Million In Pre-Series A Funding‘Planys,’ a marine robotics start-up from IIT Madras, has secured a $1.6 million pre-Series A round of MoU signed between IIT Delhi and IIIT Delhi for India’s first medical cobotics centerA Medical Cobotics Center (MCC) is to be established at IIIT Delhi, India’s first. MCC will be a medical IIT Bombay researchers created a porous liquid that converts CO2 into calcium carbonateThere has been an alarming increase in carbon dioxide emissions from human and industrial activities. A Noida startup backed by IIT gets an order to supply portable inverters from TeslaAn Indian start-up has placed a large order with Tesla for portable inverter units. The Magic Box Smart […]

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