IIT Madras raises record-breaking funding from alumni, industry, others

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.”

In 2020-21, IIT-Madras managed to raise Rs 101.2 crore, in 2021-22, it rose to Rs 131 crore and in 2022-23, the institute received Rs 231 crore. This historic high of Rs 513 crore is a 135 per cent increase from the amount raised in the previous financial year of 2022-23.

According to information, around 48 (16 alumni and 32 corporate partners) donors have donated over Rs 1 crore each.

Key projects of IIT Madras

– Wadhwani School of Data Science and AI

– Sports Excellence Admission programme

– Jaisri and Venkat Wind Energy Center

– Shankar Centre of Excellence for Diabetes research

– Walmart Centre for Tech Excellence

– Fedex Centre for Sustainable Supply Chains

– UG Anatomy lab in the Department of Medical Sciences and Technology

The IIT Madras has set up an Office of Alumni and Corporate Relations, a dedicated team of professionals, to look after the fundraising initiatives and to promote and facilitate connections amongst the diverse network of IIT Madras alumni, corporate firms and philanthropists.