IIT Bombay's Class Of 1988 Pledges Rs 57 Crore For Student's Welfare

IIT Bombay’s Class of 1998 has come together once more—not just to reconnect, but to make a lasting impact. At their 25-year reunion in December 2023, the Class of 1998 announced a landmark pledge of Rs. 57 crore to support key initiatives at IIT Bombay.

Following months of collaboration with the Institute, this commitment has been formalized through a Memorandum of Understanding (MoU), marking a significant step in the deployment of funds towards student and faculty development, cutting-edge research, and campus infrastructure.

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A key initiative supported by this commitment is the IITB Student Flourishing Hub, an innovative programme housed within IIT Bombay’s Student Wellness Centre. The Hub will build on the Institute’s existing efforts to support students and enhance their essential skills in emotional resilience and self-management.

Adding to the Wellness Centre’s culture of well-being, the Hub will empower students to navigate challenges and develop the leadership skills needed to excel in their careers, whether in startups, corporations, academia, government, entrepreneurial ventures, or the social impact space.

Beyond the Hub, the contribution will support faculty excellence through the Young Faculty Fellowship, which helps IIT Bombay attract and retain top academic talent in the early stages of their careers. It will also contribute to the Retired Faculty Wellness Fund, supporting the faculty members who have shaped generations of students.

“These initiatives reflect a deep understanding of what sustains an institution like IIT Bombay—not just infrastructure and research, but the people who bring it to life,” said Prof. Ravindra Gudi, Dean, Alumni and Corporate Relations.

The Class of 1998’s contribution will further bolster IIT Bombay’s ambitious student hostel initiative, Project Evergreen, expand the Financial Aid programme to ensure accessibility for students from diverse backgrounds and drive innovation by enhancing Makerspaces and Thematic Labs, particularly in Robotics, to accelerate technological advancements on campus.

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“IIT Bombay has always stood at the intersection of excellence and transformation”, said Prof. Shireesh Kedare, Director, IIT Bombay. “The generosity of the Class of 1998 is a testament to the deep bond our alumni share with the Institute. Their support will empower students and faculty to push boundaries, innovate fearlessly and carry forward the IIT Bombay legacy,” he added.