Infosys cofounder and IT billionaire is pouring his personal wealth into development ventures with no certainty of success, but which could become game changers for India
Last June, Nandan Nilekani marked the 50th year of his association with the Indian Institute of Technology (IIT) Bombay, where he earned a degree in electrical engineering, with a grant of ₹315 crore.
This was only the latest in the IT entrepreneur’s philanthropic investments, which, alongside wife Rohini, go back several years, supporting social development projects in India.
“I’m grateful to give forward,†Nilekani said in a short press statement released by the institute. He had previously given ₹85 crore to it. Over the years, the Nilekanis have given thousands of crores of rupees to philanthropic causes, primarily in social development and education.
In 2017, both also promised to give away a majority of their wealth, as signatories to The Giving Pledge, started in 2010 by billionaire investor Warren Buffett, Microsoft founder Bill Gates and his then-wife Melinda French Gates.
In their pledge letter, the Nilekanis quoted the famous verse 47 of chapter 2 of the Bhagavad Gita, which starts as ‘Karmanyevadhikaraste maphaleshu kadachana’ to say they aimed to exercise their right to work (for good) without seeking to benefit from the fruits of their efforts.
(This story appears in the 09 February, 2024 issue of Forbes India. To visit our Archives, click here.)