IIT Madras receives record Rs 228 crore donation from alumnus, largest ever in India

Chennai, August 6

The Indian Institute of Technology Madras (IIT Madras) has received the single, largest-ever donation in its history of Rs 228 crore from its alumnus awardee, Dr Krishna Chivukula (MTech, 1970).

This donation is one of the largest ever made to an educational institution in India.

The institute named an academic block in honour of Dr Krishna Chivukula — ‘Krishna Chivukula Block’ — during an event at the campus today.

Dr Krishna Chivukula in 1997 brought to India a state-of-the-art engineering manufacturing technology called ‘Metal Injection Molding’ (MIM) while it was still an emerging technology in the US.

Presently his company, INDO US MIM Tec, occupies the number one position in the world in MIM technology in terms of capacity and sales and has a projected turnover of nearly Rs 1,000 crore.

IIT Madras recognised his professional excellence and contributions to the community by conferring ‘Distinguished Alumnus Award’ during 2015.

This donation will be utilised for multiple purposes, including supporting international students to study at IIT Madras through scholarship.