IITB alumus contributes Rs 1.25 crore to endowment fund
An alumnus of IIT Bombay, Nivesh Kumar, has donated Rs 1.25 crore to the ‘Industrial Engineering and Operations Research (IEOR) Alumnus Endowment Fund’. Nivesh is a 2006-batch MTech alumnus from IIT Bombay’s Industrial Engineering and Operations Research, one of the first interdisciplinary programmes at IIT Bombay.
Nivesh is currently working as a systematic portfolio manager at a company in Singapore. The ‘IEOR Alumnus Endowment Fund’ aims at using fundamental research as a medium to encourage academic excellence and scholarship at IIT Bombay. The fund comprises awards, scholarships, fellowships and grants awarded to selected students and faculty to attract, retain and support talent that pursues excellence through fundamental research.
Nivesh said, “India has a huge talent pool which is deserving of global prominence. It is increasingly important to provide exposure and opportunities to deserving students so that they can realise their potential. The objective of the endowment is to nurture a culture of in-depth research for students and faculty in the IEOR.”
Meanwhile, Prof Subhasis Chaudhuri, Director, IIT Bombay, said, “It is true to the institute’s mission to create an ambience in which new ideas, research and scholarship flourish and from which the leaders and innovators of tomorrow emerge. We are grateful to Nivesh Kumar for his generous contribution, which will help this cause.”
IIT Bombay has 15 academic departments, 32 centres, two schools and four Interdisciplinary programmes. Over the last six decades, more than 60,000 engineers and scientists have graduated from the institute.
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