IIT Kanpur’s 1974 batch pledges Rs 10 crore to set up legacy fund

IIT Kanpur’s 1974 batch pledges Rs 10 crore to set up legacy fund

Indian Institute of Technology (IIT) Kanpur's class of 1974 pledged Rs 10.11 crore for supporting various activities at the institute. The pledge comes as part of the Golden Jubilee Reunion of the batch held from 23-25 February 2024, with over 80 alumni in attendance along with their families.

“The ‘Class of 1974 Batch Legacy Fund’ is sure to propel learning among its fraternity. IIT Kanpur extends its profound gratitude to the Class of 1974 for their remarkable contribution and unwavering commitment,” the institute said in a statement.

“IIT Kanpur takes great pride in its alumni, and time and again, our alumni have come together for supporting the growth of their alma mater through various means. This pledge by the Class of 1974 resonates with a collective vision for promoting excellence at the institute by contributing to the development of infrastructure, R&D Facilities, and academic activities. The pledge is to be constituted as ‘The Class of 1974 Batch Legacy Fund’ and will be utilized to enrich opportunities for students and faculty alike,” said  Professor S Ganesh, Director of  IIT Kanpur

Last year, in December, IIT Bombay’s class of 1998  gifted Rs 57 crore to its alma mater as part of the Silver Jubilee reunion celebrations. ⁠This was the highest combined contribution by a single class, breaking the previous record of Rs 41 crore by the Class of 1971 for their golden jubilee celebration.

The contributions were made by over 200+ alumni including major donations from top global executives Anupam Banerjee, MD, Vector Capital; Apoorv Saxena, Managing Director, Silver Lake; Dileep George, AI Research, Google Deepmind; Mohan Lakahmraju, CEO, Great Learning; Shailendra Singh, Managing Director, Peak XV; and Srikant Shetty, Chief Growth Officer, Americas, HCL; Sandesh Joshi, Co-founder and CEO, Indovance among others.