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Nivesh Kumar gifts IIT Bombay with an Endowment Fund to support Industrial Engineering and Operations Research (IEOR)

20 Jul 2021

Mumbai: IIT Bombay’s alumnus Nivesh Kumar has come forward to make a generous endowment of Rs. 1.25 crores to the ‘Industrial Engineering and Operations Research (IEOR) Alumnus Endowment Fund’. Based out of Singapore, Nivesh is a Systematic Portfolio Manager at Exodus Point Capital Management and is a 2006 M.Tech. alumnus from IIT Bombay’s Industrial Engineering and Operations Research, one of the first interdisciplinary programmes at IIT Bombay. Nivesh’s generous donation to the ‘IEOR Alumnus Endowment Fund’ will further strengthen the resolve of IEOR to help IIT Bombay achieve excellence.

The ‘IEOR Alumnus Endowment Fund’ aims to use fundamental research as a medium to encourage academic excellence and scholarship at IIT Bombay. The fund comprises awards, scholarships, fellowships and grants awarded to selected students and faculty to attract, retain and support talent that pursues excellence through fundamental research. In addition to this, a part of the endowment will be used for upgrading computation (server) infrastructure and software.

Mr. Kumar said, “India has a huge talent pool which is deserving of global prominence. It is increasingly important to provide exposure and opportunities to deserving students so that they can realize their potential. The objective of the endowment is to nurture a culture of in-depth research for students and faculty in the IEOR”.

Prof. Subhasis Chaudhuri, Director, IIT Bombay, said, “It is true to the Institute’s mission to create an ambience in which new ideas, research and scholarship flourish and from which the leaders and innovators of tomorrow emerge. We are grateful to Mr. Kumar for his generous contribution, which will help this cause”.