CHENNAI: TT Jagannathan, chairman of TTK Prestige, has contributed Rs 10 crore to IIT-Madras to establish an endowment, which will be used for further research purposes at the institute.
The interest from the endowment will be used to support new research pursuits by IIT-Madras students and faculty.
As an alumnus of IIT-Madras, Jagannathan was part of the 1970 batch, and was awarded the gold medal from IIT-M for best academic performance in mechanical engineering.
In recognition of his achievements and to commemorate his contributions to the business world, IIT-Madras said that an auditorium is being named after the businessperson. The auditorium was inaugurated on Friday by Jagannathan in the presence of Bhaskar Ramamurthi, director of IIT Madras, and other dignitaries.
“I have the highest regard for my alma mater, where I enjoyed many rewarding years. IIT Madras has established a reputation of being a hub of research and innovation. I am delighted to contribute in a small way to help IIT Madras to further its pursuit of research,” Jagannathan said.
Source: https://timesofindia.indiatimes.com/city/chennai/tt-jagannathan-contributes-rs-10-crore-to-establish-endowment-at-iit-madras/articleshow/85104360.cms
