IIT Madras has raised a record Rs 513 crore for the financial year 2023-24 from alumni, industry and individual donors. This is said to be 135 percent more than the previous financial year.
IIT Madras:
Indian Institute of Technology (IIT Madras) in Chennai is an educational institution of national importance. It is the third institute of technology established by the Government of India in 1959.
The university excels in technical education, basic and applied research, entrepreneurship and industry consultancy.
Spread over an area of about 250 hectares, the institute employs nearly 550 teachers, 8000 students and 1250 administrative support staff. It is also noteworthy that it has recently been named the No. 1 Engineering University in India.
New Achievement:
718 crore fresh pledges have been attracted from alumni and partners in the financial year 2023-24.
Alumni presented by Wari:
IIT Madras’ Chief Institutional Development Officer said, “Funds stolen annually from alumni and corporate donors are used to support research, provide scholarships to needy students and improve the campus. By investing in these critical areas, IIT Madras not only enhances the educational experience but also drives innovation and social change. Aims to foster environment.
This endowment connects beyond our campus boundaries. Reaching out to the community and touching countless lives. Together with our donors, alumni and partners, we will continue to push the boundaries of knowledge and make a tangible difference in the world.”
IIT Madras managed to raise Rs 102 crore in FY 2020-21, Rs 131 crore in FY 2021-22 and Rs 231 crore in FY 2022-23.
135 per cent more than the amount collected for the financial year 2022-23. According to this information about 16 alumni and 32 partners have donated more than one crore each.
