AP Billionaire's Shocking ₹228 Crore Donation to IIT Madras
Krishna Chivukula recently visited Chennai to finalize the donation and shed light on his intentions.
Pravasandhra Krishna Chivukula, a native of Bapatla town in Andhra Pradesh, has captured the nation's attention with his unprecedented act of philanthropy. The businessman has announced a staggering donation of Rs. 228 crores to IIT Madras, a sum unparalleled in the history of Indian education. This monumental contribution has naturally raised questions about the motivation behind such a generous gesture.
Krishna Chivukula recently visited Chennai to finalize the donation and shed light on his intentions. He emphasized that his primary motive is personal satisfaction and a desire to give back to society. As the Chairman of Indo Mim, a successful entrepreneur based in the United States for over five decades, Chivukula has witnessed the power of philanthropy in American society. Inspired by the philanthropic culture there, he felt a strong urge to contribute to his home country's development.
Having studied at IIT Madras himself, Chivukula holds a deep connection to the institution. He envisions the donated funds being utilized to support deserving students through scholarships, encourage athletic talent, and fund campus publications. Additionally, the donation will address the institute's long-standing financial needs in areas such as research and infrastructure.
In recognition of his extraordinary contribution, IIT Madras has bestowed a unique honor upon Krishna Chivukula by naming an academic block after him. This gesture underscores the institute's gratitude and the significant impact of his donation.