IIT Bombay gets Rs 130 crore pledge from Motilal Oswal Foundation

The Motilal Oswal Centre for Capital Markets (MOCM) at IIT Bombay plans to offer an array of academic programmes in financial markets, at the graduate, undergraduate and postgraduate levels. The centre also envisions offering flexible online PG diplomas.

As part of the agreement, Motilal Oswal Knowledge Centre will be set up in IIT Bombay’s campus, with an area of around one and 1.2 lakh square feet (IIT Bombay)

The Indian Institute of Technology Bombay (IIT Bombay) and the Motilal Oswal Foundation have collaborated to establish an academic infrastructure and develop a programme in financial markets at the institute. The Motilal Oswal Foundation has also pledged Rs 130 crore.

As per an official statement released in this regard: “This is the biggest commitment till date from the foundation set up by Motilal Oswal and Raamdeo Agrawal, the co-founders of MOFSL, by pledging 10% of Motilal Oswal Financial Services’ equity, valued currently at Rs 4,000 crores, towards philanthropic initiatives over the next decade. This also is one of the largest corporate philanthropic contributions ever made to an Indian educational institution.”

Under the agreement, Motilal Oswal Knowledge Centre will be set up in IIT Bombay’s campus, with an area of around one and 1.2 lakh square feet.

The academic block will be serving as a hub for innovation, research and academic excellence. Housing advanced laboratories, research centres and collaborative spaces, the Motilal Oswal Knowledge Centre will enable IIT Bombay to attract world-class talent and further its mission of being a global leader in science and technology, the official statement added.

The Motilal Oswal Centre for Capital Markets (MOCM) at IIT Bombay, seeks to conceptualise the objective of building high-end capabilities to enable the evolution and growth of the Indian financial sector. The multidisciplinary centre will draw expertise from areas including finance, economics, management, operations research, computer science, artificial intelligence and mathematics.

MOCM at IIT Bombay plans to offer an array of academic programmes in financial markets, at the graduate, undergraduate and postgraduate levels. The centre also envisions offering flexible online PG diplomas, making it accessible to professionals worldwide. MOCM promises to offer students unparalleled access to industry leaders, hands-on training with real-world data and the opportunity to shape the future of financial sector. This initiative positions IIT Bombay at the forefront of financial education, making it the go-to destination for anyone looking to lead in the global financial markets.

Prof. Shireesh Kedare, Director of IIT Bombay, expressed gratitude for the support, stating, “The Motilal Oswal Knowledge Centre will be a significant milestone in our efforts to scale global excellence. This generous donation will modernise infrastructure, vital for ground-breaking research. The Motilal Oswal Centre for Capital Markets will elevate IIT Bombay’s stature in financial education and solidify its position as a leading hub for nurturing future financial leaders.”