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Corporate Connect

The generous support of our corporate donors augments our global impact exponentially

Testimonials

We at HDFC ERGO, believe in investment in futuristic technologies to further the cause of deepening insurance penetration in India. As a responsible corporate citizen, we are committed to developing technology-aided solutions for the benefit of society, and safeguarding the citizens against unfortunate events like urban flood, road accidents etc. In order to build these innovative solutions within the insurance domain and beyond, we decided to set up India’s first Insurance Academia Innovation lab in association with a prestigious and globally eminent institute like IIT Bombay, which is known for grooming the brightest minds of the country and delivering advanced and futuristic solutions beneficial for the society. We hope this strategic alliance will help students and researchers navigate and address the present challenges of the Insurance industry in India and help in reaching the last mile of our citizens with various need-based solutions.”

– Mr. Parthanil Ghosh, President, Retail Business, HDFC ERGO General Insurance Company

We would like to congratulate IIT Bombay for offering an academic environment, which imparts and imbibes education which turns the students into world-beaters and thought-leaders. We are sure that INOX Group’s strategic partnership with IIT Bombay will facilitate and broaden the scope of cryogenics research at the Institute. We also believe that the INOX scholarship would support the deserving students, as well as the students from economically-constrained backgrounds, an opportunity to complete their education, and fulfill their dreams, and benefit the society in a longer run.

- Mr. Siddharth Jain, Executive Director

JSW Group is proud to partner with IIT Bombay and enable focused training & research projects on new as well as emerging technologies in steel manufacturing and its use. We hope that IIT Bombay will partner and collaborate with The JSW Technology Hub and conduct interdisciplinary research projects and pursue technical assignments in myriad domains. We wish the very best to the entire extended IIT Bombay community including students, faculty, staff, and more in their future endeavours.

Key Partners

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Case Studies

Innovation in Green Hydrogen Program – HSBC

To encourage researchers, scientists, and entrepreneurs across IITs and other reputed institutes to develop breakthrough technologies and solutions that address key programs in Green Hydrogen production, storage, transportation, and utilization.

Project Evergreen – Women’s Hostel – Coal India Ltd.

Coal India Limited has supported the enhancement of the hostel infrastructure on campus by funding an ultra modern hostel exclusively for women students, named Hostel 21. This facility will house 370 of the nation’s brightest female students and will feature top-notch amenities, including a sports area, study rooms, a café, a music and dance lounge, and lecture halls.

FedEx Centre for Advanced Logistics and Analytics

FedExALFA (FedEx Centre for Advanced Logistics and Analytics) was launched at IIT Bombay with a generous grant from FedEx Express. IIT Bombay alumnus, Mr. Raj Subramaniam, President and CEO of FedEx Corporation, inaugurated the Centre in December 2023. The Centre aims to conduct research in the domains of logistics and supply chains, training students in these domains, addressing challenges faced by these industries, and incubating novel ideas.

Women’s Scholarship – Oracle Financial Services

It is the first-ever initiative by any corporate that has helped IIT Bombay in supporting scholarships for undergraduate female students at such a big scale and building the next cadre of women leaders in STEM.
The funding through this project has directly impacted 153 female students currently studying at IIT Bombay.

SBI Foundation Hub for Data Science and Analytics

To work on emerging problems in the banking sector and undertake cutting-edge research, bringing advanced Artificial Intelligence/ Machine Learning, and Data Science technologies for Banking, Financial Services, and Insurance (BFSI).

Annual CSR Conclave

Technology for Development

IIT Bombay’s Annual CSR Conclave 2023
Event Date: 16th June

Venue: Victor Menezes Convention Centre (VMCC) - IIT Bombay

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Frequently Asked Questions

1. Is IIT Bombay Eligible to receive CSR donations?

Yes, IIT Bombay can receive CSR donations. IIT Bombay has a valid MCA CSR registration no – CSR00007536

Contributions to IIT Bombay by corporates qualifies under mandatory CSR obligation of companies. The abstract from the Schedule VII of the section 135 of the companies act is given below –

SCHEDULE VII
(See section 135)
Activities which may be included by companies in their Corporate Social Responsibility Policies Activities relating to:

7[(ix) (a) Contribution to incubators or research and development projects in the field of science, technology, engineering and medicine, funded by Central Government or State Government or Public Sector Undertaking or any agency of the Central Government or State Government; and

(b) Contributions to public funded Universities; Indian Institute of Technology (IITs); National Laboratories and autonomous bodies established under Department of Atomic Energy (DAE); Department of Biotechnology (DBT); Department of Science and Technology (DST); Department of Pharmaceuticals; Ministry of Ayurveda, Yoga and Naturopathy, Unani, Siddha and Homoeopathy (AYUSH); Ministry of Electronics and Information Technology and other bodies, namely Defense Research and Development Organisation (DRDO); Indian Council of Agricultural Research (ICAR); Indian Council of Medical Research (ICMR) and Council of Scientific and Industrial Research (CSIR), engaged in conducting research in science, technology, engineering and medicine aimed at promoting Sustainable Development Goals (SDGs)]

2. Who do we reach out at IIT Bombay for any queries related to CSR donations and Industry collaboration?

3. What are the various options available with IIT Bombay for a corporate/ Industry to donate under its CSR?

4. Is the donation eligible under 80G?

5. How much tax benefit under 80G is available if a donation is made to IIT Bombay?

6. Can IIT Bombay receive foreign funds under the FCRA?

7. Can IIT Bombay provide the donation receipt under CSR?

8. How many days it takes to generate a receipt for the donation made to IIT Bombay?

9. What is the process of donating the CSR funds to IIT Bombay?