Who Is Dr Krishna Chivukula? What Motivated Him To Donate INR 228 Crore to IIT Madras?
IIT Madras received a record INR 228 crore donation from Dr. Krishna Chivukula, inspired by U.S. philanthropy. Chivukula, an alumnus and successful entrepreneur, funds scholarships and supports various philanthropic initiatives.
Chennai, August 7: The Indian Institute of Technology (IIT) Madras received its largest single donation of INR 228 crore from Dr. Krishna Chivukula, founder and CEO of Indo-MIM and an esteemed IIT Madras alumnus, on August 6. In recognition of this generous contribution, the institute has named a new academic block the "Krishna Chivukula Block." Let's learn more about Dr. Krishna Chivukula and his remarkable support for the institute.
In the financial year 2023-2024, IIT Madras received a total of ₹513 crore in donations, with INR 367 crore coming from former IITians. Dr. Krishna Chivukula's contribution of INR 228 crore will be used for various initiatives, including providing scholarships to international students, particularly from SAARC nations, to support their education at the university. NEET-UG 2024 Paper Leak Case: IIT Madras Data Analytics Indicates No Mass Malpractice in NEET Exam, Centre Tells Supreme Court.
Who is Dr. Krishna Chivukula?
Chivukula began his educational journey with elementary schooling in Telugu before pursuing aerospace engineering at IIT Madras. He furthered his academic pursuits by earning a master's degree in business administration from Harvard University. He later established his company, Indo-US MIM (Metal Injection Moulding), in the United States. Additionally, he founded a firm specialising in advanced mass spectrometry. Entertainment News Roundup: South Celebs Pledge Donation for Victims in Landslide-Hit Wayanad; Kangana Ranaut Reportedly Selling Her Mumbai Bungalow; and More.
As per the IIT Madras website, Dr. Krishna Chivukula rapidly advanced at Hoffman Industries, becoming Chief Engineer in 1976 and later Group President and CEO after earning his Harvard MBA in 1984. In 1990, he founded Shiva Technologies Inc. in Syracuse, New York, which became a global leader in trace element analysis using advanced mass spectroscopic techniques. He expanded to India in 1997 with Shiva Analyticals Pvt. Ltd. in Bangalore.
What Motivated Dr Krishna Chivukula to Make His Generous Donation?
During his stay in the United States, Dr. Krishna Chivukula observed that many successful business leaders donated funds to the universities where they had studied. This culture of philanthropy, particularly in sectors like education and health, inspired him to contribute to IIT Madras.
Dr. Krishna Chivukula is deeply involved in philanthropy. He sponsors a mid-day meal program for 2,200 schoolchildren in Bangalore and funds their healthcare through Bangalore Baptist Hospital. He supports the Asha Foundation for HIV/AIDS patients. In 2014, he adopted a school in Chamarajanagar, covering all expenses for 300 economically disadvantaged children, including orphans and destitute children, according to IIT Madras' website for alumni.
(The above story first appeared on LatestLY on Aug 07, 2024 12:38 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).