The Indian Institute of Technology, Madras (IIT Madras) has received a landmark donation of Rs 228 crore from Dr. Krishna Chivukula, a US-based industrialist and entrepreneur, making it one of the single largest endowments in the institute’s history. This generous contribution by Dr. Chivukula, an alumnus of IIT Madras, is set to significantly bolster the institute's various initiatives and enhance its global reputation.


The Announcement

The announcement was made by the institute’s Director, Dr. V. Kamakoti, during a press briefing. Dr. Kamakoti highlighted the significance of this donation, noting that it marks a momentous occasion for IIT Madras. "Nearly after 53 years, our alumnus Dr. Krishna Chivukula has come to give Rs 228 crore as an endowment to IIT Madras. He studied M Tech in aerospace engineering during the 1970s and has since established companies manufacturing components for aeroplanes," said Dr. Kamakoti.

Historical Context

Dr. Krishna Chivukula's journey from a student at IIT Madras to a successful entrepreneur in the United States is inspiring. Having pursued his M Tech in Aerospace Engineering at IIT Madras in the 1970s, Dr. Chivukula later earned an MBA from Harvard University. His career includes establishing Indo-US MIM (Metal Injection Molding) with a projected revenue of Rs 1,000 crore, and Shiva Technologies Inc., specializing in advanced mass spectroscopy.

Record-Breaking Fundraising

The endowment from Dr. Chivukula is part of a record-breaking fundraising year for IIT Madras. The institute raised Rs 513 crore during the 2023-24 financial year, a 135 percent increase from the previous year. Of this, Rs 367 crore came from alumni, marking a 282 percent increase in alumni contributions.

Utilization of Funds

The funds from Dr. Chivukula's endowment will be utilized for multiple initiatives, including:

  • 1. Scholarships for International Students: A significant portion of the funds will support international students, particularly from SAARC countries, to study at IIT Madras.
  • 2. Research Excellence Grant Programme: This initiative aims to support cutting-edge research and innovation at the institute.
  • 3. Undergraduate Fellowship Programme: Designed to support freshers, this fellowship will provide financial aid and resources to incoming students.
  • 4. Sports Scholarship Programmes: These scholarships will support students excelling in sports, fostering a holistic development environment at the institute.
  • 5. Shaastra Magazine: Funds will also be allocated to the institute’s monthly magazine, "Shaastra," to enhance its content and outreach.
  • Recognition and Legacy

In recognition of Dr. Chivukula's contribution, IIT Madras has established the Krishna Chivukula Block on its Adyar campus. This gesture not only honours his generous donation but also commemorates his lasting legacy at the institute. Dr. Chivukula was previously honoured by IIT Madras with the “Distinguished Alumnus Award” in 2015 for his professional excellence and contributions.

Personal Motivations

Dr. Chivukula's philanthropy is deeply personal. Recalling his modest upbringing and the transformative impact of his education at IIT Madras, he shared how his experiences in the United States, where philanthropy in education and health is prevalent, inspired him to give back. "In America, there is so much philanthropy in sectors like education, health," he noted, emphasizing how his education at IIT Madras laid the foundation for his success and subsequent admission to Harvard University.

Future Investments in India

Dr. Chivukula expressed his intent to increase investments in India, reflecting his commitment to contributing to the country's development. His endowment is not just a financial contribution but a testament to the impact of quality education and the importance of giving back to one's alma mater.

The historic donation by Dr. Krishna Chivukula marks a new chapter for IIT Madras, enabling it to enhance its educational offerings, support international students, and drive research and innovation. As IIT Madras continues to foster excellence, contributions like these underscore the enduring bond between the institute and its alumni, paving the way for future growth and success. The presence of IIT Madras Dean of Alumni and Corporate Relations, Mahesh Panchagnula, and the CEO of the Office of Institutional Advancement, Kaviraj Nair, at the announcement underscores the collaborative effort to honour and maximize the impact of this extraordinary gift.

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