IIT Alumni Pour Hundreds of Crores Back Into India's Premier Tech Institutes

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Successful IIT graduates are increasingly making large financial contributions to their alma maters across India. Notable donations include Rakesh Gangwal's Rs 400 crore pledge to IIT Kanpur, Nandan Nilekani's cumulative Rs 400 crore to IIT Bombay, and Dr Krishna Chivukula's Rs 228 crore gift to IIT Madras. These funds are being directed toward medical schools, hostels, research, infrastructure, and new academic institutions. The trend signals a growing movement among wealthy alumni to reinvest in the institutions that shaped their careers.

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