Introduction:
In one of the largest alumni contributions to a public institute in India, BrowserStack co-founders Nakul Aggarwal and Ritesh Arora have pledged a generous ₹100 crore donation to their alma mater, IIT Bombay. This substantial gift aims to rebuild Hostel 6 and renovate Hostels 7, 8, and 21 on the IIT Bombay campus, significantly enhancing student accommodation facilities.
Background of the Donors:
Nakul Aggarwal and Ritesh Arora, both graduates of IIT Bombay’s Computer Science program in 2006, have made a remarkable impact in the tech industry. In 2011, they co-founded BrowserStack, a platform that provides web and mobile app testing solutions. Today, BrowserStack serves over 50,000 customers worldwide and processes more than 2 million tests daily across 19 global data centers. Notably, the company achieved profitability for six consecutive years without raising external funding, showcasing exceptional capital efficiency.
The Significance of the Donation:
IIT Bombay expressed its gratitude for the generous contribution, acknowledging the founders’ inspiring commitment to their alma mater. The ₹100 crore donation is among the largest alumni contributions to a public institute in India, underscoring the founders’ dedication to supporting educational infrastructure.
Impact on Student Life:
The renovation and rebuilding of the hostels will provide modern, comfortable living spaces for students, enhancing their overall campus experience. Improved hostel facilities are expected to contribute to better academic performance and student well-being, fostering a conducive environment for learning and personal growth.
Conclusion:
The philanthropic gesture by Nakul Aggarwal and Ritesh Arora exemplifies the positive impact that successful entrepreneurs can have on their communities and educational institutions. Their substantial donation to IIT Bombay not only improves infrastructure but also sets a precedent for future alumni contributions to public institutions in India.
For more information on IIT Bombay’s initiatives and alumni contributions, visit IIT Bombay’s official website.
Last Updated on: Tuesday, April 29, 2025 6:40 pm by Anushka sirohi | Published by: Anushka sirohi on Tuesday, April 29, 2025 6:40 pm | News Categories: News
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