IIT Bombay Class of 1998 Donates Rs 57 Crore Towards The Institute

The 1998 batch of the Indian Institute of Technology (IIT), Bombay has contributed Rs 57 crore to their alma mater on Alumni Day. This marks the highest donation by a single class at the institute. This surpasses the previous record of Rs 41 crore donation made by the class of 1971 during their golden jubilee celebration in 2022.

The donation was made by over 200 alumni as part of their silver jubilee reunion celebration at IIT Bombay. The funds raised by the Class of 1998 will help the institute support key academic projects including “Project Evergreen, which aims to create sustainable and eco-friendly hostels for students; Makerspace labs to foster scientific and technological innovation and creativity; and Student Aid initiatives (including Scholarships) to fuel the aspirations of the next generation of students at the Institute. The funds raised will also help drive IIT Bombay’s ambitious 2030 vision of ranking among the world’s top 50 universities and fostering a legacy of excellence on the global stage,” the IIT said.

“The funds raised by the Class of 1998 will help the Institute support key academic projects and the research landscape at IIT Bombay,” the institute said via a post on X (formerly Twitter).

Not just the class of 1998, the Class of 1973 also donated Rs. 7.15 crores towards IIT Bombay during their Golden Jubilee celebration. The donation was made to support two causes — C1973 EV Power Train Laboratory and C1973 Faculty Awards for Excellence in Research.

IITB celebrated its annual Alumni Day on December 24. This year’s Distinguished Service Award was bestowed on Gajanan Vithal Gandhe. The Chapter Service awardees include Kicha Ganapathy, Deepak Digambar Thite, Amit Gupta and Tarana Gupta.