The Indian Institute of Technology (IIT Delhi) will name the Exhibition Hall at its New Delhi campus the "Binny Bansal Exhibition Hall." The move recognises contributions from alumnus Binny Bansal, co-founder of Flipkart.
Largest Individual Donation to IIT Delhi
As per the institute, Bansal made the largest-ever unrestricted individual donation to IIT Delhi through contributions to the IIT Delhi Endowment Fund. The Board for Educational and Research Planning (BERP), based on the recommendation of the naming committee, approved the proposal to name the ground floor exhibition hall in his honour.
Purpose of the Donation
Donations to the IIT Delhi general endowment support initiatives including:
- Scholarships for students
- Seed funding for research
- Development of innovation and entrepreneurship ecosystems
- Enhancement of campus infrastructure
Director's Statement
"Binny Bansal has set a new benchmark and inspired generations of alumni to give back towards the Institute's growth and long-term vision," said Rangan Banerjee, Director, IIT Delhi.