IIT Mumbai gest donation of INR 130 cr from Motilal Oswal Foundation

Motilal Oswal Foundation has donated INR 130 crores to IIT Mumbai. This historic collaboration with the Motilal Oswal Foundation will now help establish a world-class educational infrastructure at IIT Mumbai. This is being considered as an important step towards nation building and pursuit of academic excellence in the economic sector. Motilal Oswal Foundation has given this donation of 130 crores through a pledge.

It is said to be the largest ever donation from the foundation set up by 'MOFSL' co-founders Motilal Oswal and Ramdev Agarwal. This includes 10 percent equity in Motilal Oswal Financial Services, which is currently valued at INR 4,000 crore. This is being considered as a major contribution to the Indian educational institution. Under this MoU between Motilal Oswal Foundation and IIT Bombay, Motilal Oswal Knowledge Center will be established in the campus of IIT Bombay with an area of 1.2 lakh square feet.

This state-of-the-art educational project will act as a hub for innovation and research and through academic excellence, advanced laboratories, research centers, the Motilal Oswal Knowledge Center will nurture IIT Mumbai to create world-class talent and further empower it in science and technology. Meanwhile, India's economy is growing rapidly. It is against this backdrop that the Motilal Oswal Center for Capital Markets at IIT Mumbai has been conceived with the objective of building high-level capabilities to enable the development and growth of the Indian financial sector.

Its great to work with IIT Bombay. After all, the life is all about Learn, Earn & Return pic.twitter.com/2b0biWLcDn

— Motilal Oswal (@MrMotilalOswal) September 17, 2024

It will draw on expertise from areas such as multidisciplinary economics, management, operations research, computer science, artificial intelligence and mathematics. MOCM plans to offer several academic programs at undergraduate, graduate and postgraduate levels. The Center has also envisaged an online Post Graduate Diploma. This medium provides students with hands-on training with real-world data and an opportunity to shape the future of the financial sector.