IIT Bombay is recognized as one of the centers of academic excellence. The students graduating from the institute are of the highest caliber, who have reached positions of eminence in industry, business, public sector, academic and research institutions or as entrepreneurs. The institute had long felt the need to recognize the Alumni of IIT Bombay who have distinguished themselves in their field of work and done the institute proud. With this intention the distinguished Alumnus awards have been instituted.
The first DAA awards were presented on the occasion of Silver Jubilee Celebrations of the Institute in 1983. In 1996 the awards were made an annual feature and have been bestowed on a few distinguished Alumni every year since then. The award is given on 10th March, the Foundation Day of IIT Bombay. The awardees receive a scroll containing a citation and a memento. The memento is a spiral-asymptote sculpture in gold plated brass designed by Prof. Sudhakar Nadkarni, IDC, IIT Bombay. It symbolizes diligence and perseverance without which there can be no enduring feats of success.
This spiral - asymptote sculpture, sculpted to honour our very best, is being dedicated as an epithet to success. In the best semantic traditions of the asymptote, we intend it as a symbol of progress that moves abidingly onwards, without so much as a pause. The spiral upholding the asymptote, on the other hand, represents for us the results of diligence and perseverance without which there can be no enduring feats of success.