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Home > Business > Business Headline > Report

Vinod Khosla donates $5 million to IIT Delhi

Kamla Bhatt in Cupertino, CA | January 18, 2003 15:21 IST

Vinod Khosla, general partner at Kleiner Perkins Caufield and Byers and co-founder of Sun Microsystems, announced a $5 million donation to his alma mater, IIT Delhi.

The gift is the largest by any individual to IIT, Delhi. 'Fundamental research is needed to dramatically improve Information Technology,' said Khosla in an interview at the IIT 50th anniversary celebration.

The fund will go towards building a new IT school with new buildings, new faculty, and new course said Khosla.

Avi Nash, advisory director, Goldman Sachs, too announced a $1 million donation to the chemical engineering department at IIT Bombay for research laboratories, endowments for chair professorships and awards for faculty and student excellence.

Other IIT alumni who have given back to their alma mater include N R Narayana Murthy, Chairman, Infosys Technologies; Nandan Nilekani, CEO, Infosys; Vinod Gupta, chairman, InfoUSA; Rajesh Mashruwala, COO, Tibco Software; Suhas Patil, chairman emeritus, Cirrus Logic; Arjun Malhotra, CEO, TechSpan; Purnendu Chatterjee, founder, Chatterjee Group; Desh Deshpande, chairman, Sycamore; Prabhu Goel, chairman, iPolicy Networks; Girish Gaitonde, CEO, Xoriant; and Umang Gupta, CEO, Keynote Systems.

IIT-50 Celebrations in Silicon Valley

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Number of User Comments: 12

Sub: donation

It is really incredible to hear that the alumni of IITs are contributing in their individual capacities to the development of their alma mater. Such ...

Posted by ksrrao

Sub: surely, a smart set of people these IIT guys, arent they?

Does donating all these dollar sums to the IITs have any value? Sure, it buys the donors their 15 seconds of fame highlighting their wealth ...

Posted by Raja babu

Sub: A good act Indeed

It's really good to see alumnus giving a share to what the've earned to the place which deserves it the most.. great work Mr. Khosla ...

Posted by Amit kanodia

Sub: IIT

Its really nice to know that IIT's have earned such a good reputation worldwide and produced brilliant enterpreneurs who are leading various companies/institutions in the ...

Posted by M.R.A Quraishi

Sub: really appreciabe contributions......

It is very good to see the contributions of Kanwal Rekhi and Vinod Khosla to their almamaters. I, as an iit student, request to all ...

Posted by Anoop



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