Publish Date: 31st July 2020
Alumnus Mr. Vinay Piparsania appointed as first CEO of IIT Delhi Endowment Fund Management Foundation
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The Board of the IIT Delhi Endowment Management Foundation has appointed Mr. Vinay Piparsania, a 1985 batch alumnus, as the first Chief Executive Officer (CEO) of the Foundation.
Mr. Piparsania comes with a rich work experience of strategy, branding, innovation, and business development. He will drive the vision of the IIT Delhi endowment fund to have a transparent structure and corporate governance model that will work towards building a relationship of trust and credibility with its Alumni through better communication and periodic reporting, through a professionally managed team structure. The ultimate goal of the Endowment Fund is of reaching USD 1 billion over a period of time.
Hon’ble President of India, Shri Ram Nath Kovind had launched IIT Delhi’s Endowment Fund, the first-of-its-kind fund in the country by an educational institution, on October 31st, 2019 at the Rashtrapati Bhawan. The Fund created history and set an example for others. IIT Delhi Alumni had come together to make an initial contribution of INR 265 crores at the time of the launch.
IIT Delhi has studied and compared existing endowment systems of US Universities and other leading world institutes. The framework IIT Delhi is developing and standardising will make for a competent Endowment platform, which would increase fund collections. This structure will be a reference paradigm for all other leading IITs and educational institutions of India to effectively emulate.
Prof V. Ramgopal Rao, Director, IIT Delhi, while welcoming Mr. Vinay Piparsania to IIT Delhi fraternity said, “IIT Delhi lays great emphasis on alumni engagement. Our alumni also are emotionally connected with the institute and remember their student days with a lot of nostalgia. Vinay, with his vast experience of building successful teams and project execution, will be able to nurture and strengthen alumni engagement with the institute further. I am confident, Vinay, known as Pips among his batchmates, will surely take IIT Delhi’s endowment fund initiative to its fruition.”
Mr. Arun Duggal, Chairman of the IIT Delhi Endowment Management Foundation was pleased with this appointment and said, "I am delighted that Vinay is taking over as CEO of the Endowment Foundation and lead our Fundraising initiatives. The Foundation is poised to make a great contribution to the future of IIT Delhi and we expect Vinay will play a major role in it."
Mr. Piparsania through his long and illustrious career brings close to 33 years of leadership experience across India, Asia Pacific, and the Middle East. He is Consulting Director - Automotive, with Counterpoint Technology Market Research, a leading Asian headquartered research firm, focused on emerging technology, and is also founder and principal of MillenStrat Advisory & Research, specialising in developing strategies, focused on millennial customers. Amongst leading global automotive brands, he has been associated with Ford Motor Company for over 18 years, directing marketing, sales, and service teams in Ford India, Philippines, Asia Pacific, and Ford's Global Business Services.
Mr. Piparsania, with his deep operational and strategic expertise in the international auto industry, is a much sought after consultant, advisor, speaker, panelist, and mentor/coach across various industries and institutes. He is on the advisory board of several start-ups.
Based in Gurgaon, India, Mr. Vinay Piparsania is a Mechanical Engineer from IIT Delhi (1985 batch), and an MBA from Tulane University, New Orleans, USA. He believes that the IIT ecosystem has played a key role in his success and is now looking forward to giving back in a significant way to his Alma Mater.