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They left IIT to build billion-dollar companies:Why are alumni giving crores back?

IIT alumni are increasingly giving back to their alma maters through donations running into hundreds of crores, supporting medical schools, hostels, research, infrastructure and new academic institutions. Notable contributions include Rakesh Gangwal’s Rs 400 crore commitment to I

Read full story on Times of India
SANJAY SHARMA25 Aug 2026, 05:25 amUpdated 7h ago1 min readIndiaIndia
They left IIT to build billion-dollar companies: Why are alumni giving crores back?

IndiaSANJAY SHARMA

IIT alumni are increasingly giving back to their alma maters through donations running into hundreds of crores, supporting medical schools, hostels, research, infrastructure and new academic institutions. Notable contributions include Rakesh Gangwal’s Rs 400 crore commitment to IIT Kanpur, Nandan Nilekani’s Rs 400 crore cumulative contribution to IIT Bombay and Dr Krishna Chivukula’s Rs 228 crore gift to IIT Madras. The trend reflects a growing reverse flow of wealth and expertise from successful graduates to India’s premier institutes.

This report is published with credit to Times of India. The wire sent a summary; open the original for any extra context. Read on Times of India

Source: Times of India · SANJAY SHARMA. Published 25 Aug 2026, 05:25 am.

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