IIT Madras receives $27M donation from INDO-MIM founder Dr Krishna Chivukula
September 2, 2024
The Indian Institute of Technology Madras (IIT) has received its largest ever single donation of Rs 228 crore (approximately $27 million) from Dr Krishna Chivukula, founder and CEO of INDO-MIM and an IIT Madras alumnus. This donation is reported to be one of the largest ever made to an educational institution in India.
In honour of the award, IIT Madras has now named one of its academic buildings the Krishna Chivukula Block.
The naming was celebrated during an event held at the campus on August 6, attended by Dr Chivukula; Prof V Kamakoti, Director of IIT Madras; Prof. Mahesh Panchagnula, Dean of Alumni and Corporate Relations at IIT Madras; Kaviraj Nair, CEO of the Office of Institutional Advancement at IIT Madras; as well as faculty, researchers, staff, and students.
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Dr Chivukula introduced Metal Injection Molding to India in 1997, when it was still an emerging technology in the USA. IIT Madras recognised Dr Chivukula’s professional excellence and contributions to the community by conferring its Distinguished Alumnus Award in 2015.
During the announcement, Prof V Kamakoti, Director, IIT Madras, shared, “That our alumnus still remembers his Alma Mater after several decades reinforces the fact that education is the only immortal wealth that we can give to mankind. Grateful to Shri Krishna Chivukula for his big contribution, which will benefit several future generations of students in their pursuit of knowledge.”
Speaking about his motivations for his support, Dr Chivukula stated, “My education at IIT Madras, in addition to being extremely memorable and enjoyable, enabled me to accomplish much in life and put me in a position whereby I can give back to the Institute a gift – one of the largest single donations to date to a university in India!”
The donation is expected to be used for a number of purposes, including supporting international students to study at IIT Madras through a Scholarship, a Research Excellence Grant Programme, a UG Fellowship Programme for freshers at IIT Madras, Sports Scholar Programme, Shaastra Magazine development and maintenance of the Krishna Chivukula Block.
Thanking Dr Chivukula for his generous support, Prof Mahesh Panchagnula, Dean (Alumni and Corporate Relations), IIT Madras, said, “Dr Krishna Chivukula is not just a successful techno-businessperson but also of an ideal alumnus. His humility and generosity will stand as exemplar characteristics for generations of alumni.”
Kaviraj Nair, CEO, Office of Institutional Advancement, IIT Madras, added, “We are profoundly grateful to Dr Krishna Chivukula, an esteemed alumnus of IIT Madras, for his extraordinary generosity and unwavering commitment to our institution. His monumental contribution, the largest ever single donation received by IIT Madras, stands as a testament to his dedication to fostering excellence in education, research, and innovation. Dr Krishna Chivukula’s visionary support will significantly enhance our capabilities and propel IIT Madras to new heights. His contribution not only elevates our institution but also serves as an inspiring example of how our alumni community continues to drive meaningful change.”
