In a defining step toward nation-building and advancing academic excellence, IIT Bombay has entered into a historic partnership with Motilal Oswal Financial Securities Limited (MOFSL). Marking one of the largest corporate philanthropic contributions to an educational institution in India, MOFSL has pledged Rs. 130 crores to support the creation of world-class academic infrastructure at IIT Bombay.

The funds from this transformative partnership will go toward the development of the “Motilal Oswal Knowledge Centre” on IIT Bombay’s campus. This state-of-the-art academic block will span 120,000 square feet and serve as a hub for innovation, research, and academic excellence. Housing advanced laboratories, research centres, and collaborative spaces, the Motilal Oswal Knowledge Centre will enable IIT Bombay to attract world-class talent and further its mission of being a global leader in science and technology.

Additionally, the Motilal Oswal Centre for Capital Markets (MOCCM) will build high-end capabilities to enable the evolution and growth of the Indian financial sector. The multidisciplinary centre will draw expertise from several domains including Finance, Economics, Management, Operations Research, Computer Science, Artificial Intelligence, and Mathematics. MOCCM will offer students unparalleled access to industry leaders, hands-on training with real-world data, and the opportunity to shape the future of the financial sector. This game-changing initiative positions IIT Bombay at the forefront of financial education, making it the go-to destination for anyone looking to lead in the global financial markets.

This landmark collaboration aligns IIT Bombay and corporates like MOFSL with the Government of India’s broader vision of a ‘Viksit Bharat,’ where technological advancements and cutting-edge research are central to societal progress, sustainable development, and India’s global leadership. Forging strategic alliances with forward-thinking corporations like MOFSL also allows IIT Bombay to secure sustainable, long-term funding, and foster mutually beneficial relationships with industry.

Prof. Shireesh Kedare, Director of IIT Bombay, expressed gratitude for the monumental support and said, “The Motilal Oswal Knowledge Centre will be a significant milestone in IIT Bombay’s efforts to scale new heights of global excellence. This generous donation will provide us with cutting-edge infrastructure, essential for fostering groundbreaking research and nurturing future leaders. We are immensely grateful to Motilal Oswal Financial Securities for their visionary contribution.”

Commenting on the collaboration, Mr. Motilal Oswal, Chairman and Managing Director of Motilal Oswal Financial Securities, said, “We are honoured to partner with IIT Bombay, an institution that is at the forefront of innovation and academic excellence. This is more than just a financial contribution; it is an investment in the future of education and research in India. We believe this partnership will pave the way for a brighter, more innovative future.”

The Motilal Oswal Knowledge Centre stands as a testament to the power of strategic philanthropy and the pivotal role that partnerships between academia and industry can play in creating lasting societal impact. Together, IIT Bombay and MOFSL are not only driving research and innovation but also setting a new standard for corporate-academic collaboration. This visionary alliance will place IIT Bombay at the cutting edge of global educational excellence and serve as a prime example of how corporate and academic institutions can collaborate to drive transformative progress for the country.