The Infosys co-founder has earmarked close to Rs 750 crore towards research over the next decade. A bet of this scale on a niche and underfunded cause in India makes him stand out among his peers
Senapathy â€Kris’ Gopalakrishnan says that people with wealth should use it for two reasons: First, invest it in a way that it grows. Second, contribute it towards a good cause.
Since his retirement in 2014 from IT giant Infosys—which he co-founded in 1981 and where he held various positions including chief executive officer—Gopalakrishnan has walked the talk. Through his business incubator Axilor Ventures, he has invested in a slew of startups and venture funds, and his real-time net-worth as of May 30, according to Forbes, is $2.9 billion. At the same time, he has used some of this personal wealth for a cause.
In 2014, Gopalakrishnan had announced a 10-year grant of Rs 225 crore to set up a Centre for Brain Research (CBR) inside the campus of the Indian Institute of Science (IISc) in Bengaluru. The 10-year grant period is in its penultimate year, and recently, Gopalakrishnan bolstered his commitment through an additional grant of Rs 450 crore over the next decade, becoming the biggest individual private donor at the IISc. He has made other grants towards scientific research, including at his alma mater IIT Madras, to the tune of nearly Rs 100 crore.
The idea behind the CBR is to specifically research neurodegenerative disorders like dementia, Parkinsons’s disease and other age-related cognitive decline. Gopalakrishnan, 68, wants to understand how the brain works, so that new treatments and interventions can improve the quality of life of older adults.
He also wants India to be the top five countries in the world when it comes to top quality research. “In the last eight years, India has become the third best location for startups. I’m hoping that pretty soon we will see significant progress on the research side and India will become one of the best locations to do research in the world,” he says.