Mukesh Ambani makes substantial donation of ₹151 crore to his alma mater, ICT Mumbai
In a heartwarming display of gratitude and dedication to education, Mukesh Ambani, the Chairman and MD of Reliance Industries, has splashed out a staggering ₹151 crore on his alma mater, the prestigious Institute of Chemical Technology (ICT), Mumbai. This headline-grabbing donation is a testament to one of the biggest individual contributions ever made to a public academic institution in India.
Announced earlier this week, this incredible gift has Mukesh Ambani, who earned his Bachelor's in Chemical Engineering from ICT (formerly UDCT), busting with pride. Speaking on the occasion, he said:
"My old man harbored an insatiable yearning to contribute to education. This institute played a pivotal role in shaping my young mind and laid the groundwork for me to dream big. Giving back to ICT is a privilege and an honor."
Spending it Wisely
University officials have revealed that the donation will be allocated to several key areas, including:
- State-of-the-art research labs
- Scholarship programs for deserving students
- Expansion of innovation and entrepreneurship hubs
- Faculty development and international collaborations
The timing of Ambani's generous gift coincides perfectly with the surging need for advanced programs in chemical sciences, sustainability, and green energy – areas that align closely with Reliance's own business interests.
A Pioneering Institution
Founded in 1933, ICT has played host to some of India's most influential industrial leaders, such as:
- Mukesh Ambani
- Raghunath Mashelkar
- Anji Reddy (Dr. Reddy's Labs)
The institution remains a top-performing chemical engineering college in the nation. With average UG program fees equating to ₹85,000 a year and PG programs coming in between ₹1-1.5 lakh, Ambani's donation is set to have a significant impact on both access and infrastructure.
Reviving Indian Education
This ₹151 crore donation isn't just about generosity – it's a clarion call that industry and academia can join forces to uplift the higher education sector in India. Ambani's gift is expected to spark a wave of investment in India's knowledge economy by inspiring fellow alumni and corporate leaders to follow suit.
Final Thoughts
With Mukesh Ambani continuing his crusade to create a cutting-edge legacy through Reliance, this landmark donation reveals a deeper pledge – not just to technological innovation, but to the very origins where the seed first sprouted.
- The donation of ₹151 crore by Mukesh Ambani, a Chemical Engineering graduate from ICT, will be allocated to research labs, scholarship programs, innovation and entrepreneurship hubs, faculty development, and international collaborations.
- This significant gift by Ambani, one of India's most influential industrial leaders, underscores a growing need for advanced programs in chemical sciences, sustainability, and green energy.
- By investing in education, Ambani is demonstrating a commitment not only to technological innovation but also to the foundational learning that sparked his success – education and self-development.
- As a leading institution in chemical engineering, ICT has nurtured other successful entrepreneurs and industrialists like Raghunath Mashelkar and Anji Reddy.
- This generous donation by Ambani is a call to action for the business community, encouraging more investment in India's knowledge economy and reviving the higher education sector.
- The impact of Ambani's donation will extend beyond just scholarships and infrastructure; it will help foster personal finance, wealth management, and business opportunities for deserving students.
