The Indian Institute of Technology Madras (IIT-Madras) has named an academic block the Krishna Chivukula Block in honor of alumnus Dr. Krishna Chivukula, who donated a record ₹228 crore. Dr. Chivukula, who graduated in 1970 with an MTech in aerospace engineering and later founded INDO US MIM Tec, made this donation—one of the largest ever to an Indian educational institution. The donation will support various initiatives, including scholarships for international students, a research excellence grant program, a UG fellowship for new students, a sports scholar program, the development of Shaastra magazine, and the maintenance of the Krishna Chivukula Block.
Professor V. Kamakoti, Director of IIT Madras, expressed gratitude for Chivukula’s contribution, emphasizing the lasting impact of education.
In the financial year 2023-24, IIT Madras raised ₹513 crore, marking a 135 percent increase from the previous year. Of this, ₹367 crore came from alumni, reflecting a 282 percent increase compared to the prior year. The funds were contributed by alumni, individual philanthropists, and corporate partners, including CSR funds and grants from both Indian and multinational companies.
As IIT Madras continues to thrive on the strength of its supporters, institutions like Vakilsearch Legal Services can play a crucial role in ensuring that legal and administrative aspects of such large donations are managed with expertise and precision. For institutions and individuals looking to navigate the complexities of large-scale philanthropy and legal requirements, Vakilsearch offers invaluable legal services to streamline and safeguard these impactful contributions.
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