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On Tue, 17 Sept, 4:06 PM UTC
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IIT Bombay receives ₹130 crore pledge from the Motilal Oswal Foundation
IIT Bombay and Motilal Oswal Foundation joined hands to establish the Motilal Oswal Knowledge Centre which will be set up on IIT Bombay's campus. The collaboration will see the establishment of academic infrastructure and the development of a program in financial markets at IIT Bombay, backed by a substantial INR 130 crore pledge from the Motilal Oswal Foundation. As per the MoU, Motilal Oswal Knowledge Centre will be set up in IIT Bombay's campus, with an area of ~1 lakh -1.2 lakh sq. ft. This academic block will serve as a hub for innovation, advanced laboratories, research centres, and collaborative space. The Motilal Oswal Centre for Capital Markets (MOCM) at IIT Bombay will draw expertise from areas such as Finance, Economics, Management, Operations Research, Computer Science, Artificial Intelligence and Mathematics. Also Read: IIT Madras researchers develop AI-powered ultrasound scanner for sports injury diagnosis "The Motilal Oswal Knowledge Centre will be a significant milestone in IIT Bombay's efforts to scale new heights of global excellence. This generous donation will help us modernize and advance our infrastructure, essential for fostering ground-breaking research. The establishment of the Motilal Oswal Centre for Capital Markets marks a pivotal moment for IIT Bombay. This initiative will not only elevate the institute's stature in financial education but also solidify its position as a leading hub for nurturing the next generation of financial market leaders. It aligns perfectly with our broader vision of scaling new heights of global excellence and contributing to India's leadership on the global stage. We are immensely grateful to Motilal Oswal Foundation for their visionary contribution," said Prof Shireesh Kedare, Director of IIT Bombay. MOCM plans to offer academic programs in Financial Markets, at the graduate, undergraduate and post-graduate levels. The Centre also envisions offering flexible online Post Graduate Diplomas, making it accessible to professionals worldwide. mentioned the press release. "At Motilal Oswal Foundation, we are committed to building a research backed educational ecosystem that will create a positive impact on future leaders of the nation. We are honoured to partner with IIT Bombay, an institution that is at the forefront of innovation and academic excellence. The Motilal Oswal Knowledge Centre as well as Motilal Oswal Centre for Capital markets stand as a testament to the power of strategic philanthropy and the pivotal role that partnerships between academia and industry can play in creating lasting societal impact. We believe this partnership will pave the way for a brighter, more innovative future for the country and its financial markets," said Motilal Oswal, Trustee, Motilal Oswal Foundation.
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Motilal Oswal Foundation donates Rs 130 cr to IIT Bombay
Bengaluru: Motilal Oswal Foundation and IIT Bombay have formed a partnership to develop modern academic infrastructure and create a new programme for financial markets at the institute, backed by a Rs 130 crore pledge from the foundation. This is the biggest commitment so far from the foundation set up by Motilal Oswal and Raamdeo Agrawal, cofounders of MOFSL, IIT Bombay said in a statement on Tuesday. This also is one of the largest-ever corporate philanthropic contributions to an Indian educational institution. Under the terms of the memorandum of understanding (MoU), the new Motilal Oswal Knowledge Centre will be set up in the IIT Bombay campus, spanning 100,000 to 120,000 sq. ft, serving as a hub for innovation, research and academic excellence. IIT-Bombay said the new centre will have advanced laboratories, research centres and collaborative spaces, enabling it to attract world-class talent. The Motilal Oswal Centre for Capital Markets (MOCM) at IIT Bombay, is conceptualised with the aim of building high-end capabilities to support evolution and growth of the Indian financial sector. The multidisciplinary centre will draw expertise from areas such as finance, economics, management, operations research, computer science, artificial intelligence and mathematics. MOCM plans to offer an array of academic programmes in financial markets, at the graduate, undergraduate, and postgraduate levels. The Centre also envisions offering flexible online post-graduate diplomas, making it accessible to professionals worldwide. Prof. Shireesh Kedare, Director of IIT Bombay, said: "This generous donation will help us modernise and advance our infrastructure, essential for fostering ground-breaking research. The establishment of the Motilal Oswal Centre for Capital Markets will not only elevate the institute's stature in financial education but also solidify its position as a leading hub for nurturing the next generation of financial market leaders". Motilal Oswal, Trustee, Motilal Oswal Foundation said: "At Motilal Oswal Foundation, we are committed to building a research-backed educational ecosystem that will create a positive impact on future leaders of the nation. The Motilal Oswal Knowledge Centre as well as Motilal Oswal Center for Capital markets stand as a testament to the power of strategic philanthropy and the pivotal role that partnerships between academia and industry can play in creating lasting societal impact."
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Motilal Oswal Foundation Announces Rs 130 Crore Donation To IIT Bombay
The grant will also be used to develop a first-of-its-kind program in financial markets at IIT Bombay. The Motilal Oswal Foundation has pledged to donate Rs 130 crore to the Indian Institute of Technology Bombay for the development of a world-class academic infrastructure. The grant will also be used to establish a first-of-its-kind program in financial markets at IIT Bombay. The foundation, set up by Motilal Oswal and Raamdeo Agrawal, the co-founders of Motilal Oswal Financial Services Ltd, has pledged 10% of the company's equity, valued currently at Rs 4,000 crores, towards philanthropic initiatives in IIT Bombay over the next 10 years. The grant marks one of the largest corporate philanthropic contributions ever made to an Indian educational institution. According to the MoU, the Motilal Oswal Knowledge Centre would be set up at the campus of IIT Bombay in a 1 lakh to 1.2 lakh sq. ft area. This ultramodern structure for the centre will be designed to support advanced laboratories, research centres and collaboration areas that will help IIT Bombay attract world-class talent The multidisciplinary centre will draw expertise from areas including finance, management, economics, computer science, artificial intelligence, operations research and mathematics. It will also offer students access to industry leaders, and hands-on training with real-world data to build a future in the financial sector. Commenting on the development, Motilal Oswal, Trustee of the Motilal Oswal Foundation, said, "The Motilal Oswal Knowledge Centre, as well as Motilal Oswal Centre for Capital markets, stand as a testament to the power of strategic philanthropy and the pivotal role that partnerships between academia and industry can play in creating lasting societal impact. We believe this partnership will pave the way for a brighter, more innovative future for the country and its financial markets," The Motilal Oswal Centre for Capital Market will offer academic programmes in financial markets across undergraduate, graduate and postgraduate levels. The upcoming centre will also offer flexible online PG diplomas to professionals worldwide.
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Motilal Oswal Foundation pledges Rs 130 crore to IIT Bombay for financial markets program
Motilal Oswal Foundation has pledged Rs 130 crore to IIT Bombay for establishing a world-class academic infrastructure and developing a financial markets program. This marks one of the largest corporate philanthropic contributions to an Indian educational institution. The Motilal Oswal Knowledge Centre will be set up on IIT Bombay's campus, and the Motilal Oswal Centre for Capital Markets will focus on building high-end capabilities in the financial sectorFor the establishment of world-class academic infrastructure and development of first of its kind program in financial markets at IIT Bombay, Motilal Oswal Foundation has pledged Rs 130 crore, its biggest commitment till date. Set up by Motilal Oswal and Raamdeo Agrawal, the co-founders of MOFSL, the foundation has pledged 10% of Motilal Oswal Financial Services' equity, valued currently at Rs 4,000 crores, towards philanthropic initiatives in IIT Bombay over the next 10 years. This also marks one of the largest corporate philanthropic contributions ever made to an Indian educational institution. In a move towards nation-building and advancing academic excellence in the financial sector, Motilal Oswal Foundation and IIT Bombay have forged this partnership, wherein Motilal Oswal Knowledge Centre will be set up in IIT Bombay's campus which will serve as a hub for innovation, research, and academic excellence. Meanwhile, the Motilal Oswal Centre for Capital Markets (MOCM) at IIT Bombay, has been conceptualized with the objective of building high-end capabilities to enable the evolution and growth of the Indian financial sector, drawing expertise from areas such as finance, economics, management, operations research, computer science, artificial intelligence and mathematics. Also read: 100 days of Modi 3.0 government: Sensex up 6,300 points, 18 smallcaps turn multibagger "At Motilal Oswal Foundation, we are committed to building a research backed educational ecosystem that will create a positive impact on future leaders of the nation. We are honoured to partner with IIT Bombay, an institution that is at the forefront of innovation and academic excellence. The Motilal Oswal Knowledge Centre as well as Motilal Oswal Centre for Capital markets stand as a testament to the power of strategic philanthropy and the pivotal role that partnerships between academia and industry can play in creating lasting societal impact. We believe this partnership will pave the way for a brighter, more innovative future for the country and its financial markets," said Motilal Oswal, Trustee of the Motilal Oswal Foundation while commenting on the occasion. This collaboration aligns with the Government of India's broader vision of a 'Viksit Bharat,' where technological advancements and cutting-edge research are central to societal progress, sustainable development, and India's global leadership. Forging strategic alliances with forward-thinking organisations like Motilal Oswal Foundation allows IIT Bombay to secure sustainable, long-term funding, and foster mutually beneficial relationships with industry. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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The Motilal Oswal Foundation has announced a significant donation of ₹130 crore to the Indian Institute of Technology (IIT) Bombay. This generous contribution aims to establish a comprehensive financial markets program and enhance the institute's infrastructure.
The Motilal Oswal Foundation, the philanthropic arm of Motilal Oswal Financial Services Ltd, has pledged a substantial donation of ₹130 crore to the Indian Institute of Technology (IIT) Bombay 1. This generous contribution marks one of the largest donations received by the prestigious institute and is set to significantly impact its academic landscape.
The primary objective of this donation is to establish a comprehensive financial markets program at IIT Bombay 2. This initiative aims to bridge the gap between academia and industry, providing students with practical knowledge and skills essential for success in the financial sector.
A significant portion of the funds will be allocated towards enhancing the institute's infrastructure. This includes the construction of a new academic block, which will be named the Motilal Oswal Academic Block 3. The new facility is expected to provide state-of-the-art resources for students and faculty, further elevating the quality of education at IIT Bombay.
Motilal Oswal, the founder of Motilal Oswal Financial Services, expressed his enthusiasm for this collaboration. He emphasized the importance of nurturing talent in the financial markets sector and highlighted the potential of IIT Bombay in producing future leaders in this field 4.
The donation is expected to have a far-reaching impact on education and research at IIT Bombay. It will enable the institute to offer specialized courses in financial markets, attract top-tier faculty, and provide students with opportunities for industry internships and placements 2.
Professor Subhasis Chaudhuri, Director of IIT Bombay, expressed gratitude for the donation. He highlighted how this contribution aligns with the institute's vision of fostering innovation and excellence in education 1. The institute plans to leverage this donation to strengthen its position as a leading center for financial education and research in India.
This collaboration between the Motilal Oswal Foundation and IIT Bombay is expected to create a ripple effect in the education sector. It sets a precedent for industry-academia partnerships and may inspire similar initiatives across other educational institutions in India 3.
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The Airtel Africa Foundation has announced a new fellowship program to support African students at the Indian Institute of Technology Madras (IIT Madras) Zanzibar campus. This initiative aims to promote education and skill development in Africa.
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India's 2025-26 Union Budget allocates INR 500 crore for an AI Centre of Excellence in Education, alongside investments in IIT infrastructure and skilling initiatives.
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upGrad, a major integrated learning company, has signed an MoU with the Maharashtra government to set up AI excellence centers across the state with an initial investment of INR 2,150 Cr, aiming to position Maharashtra as a global hub for AI talent.
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Samsung R&D Institute Noida and IIT Bombay have signed a five-year MoU to collaborate on research in AI, digital health, and emerging technologies, aiming to foster innovation and talent development.
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Indian educational institutions are grappling with a severe lack of AI computing power, hindering research and development. IIT alumni are being called upon to donate GPUs to support AI initiatives in their alma maters.
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