Publish Date: January 3, 2022

IIT Delhi Alumnus Pledges Rs. 10 Crores to Institute’s Endowment Fund

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New Delhi: IIT Delhi alumnus Mr Vivek Vaidya has become the latest addition to the league of founders of the IIT Delhi Endowment Management Foundation’s Board with him pledging Rs. 10 Crores (US$ ~1.35 Million) to the Endowment Fund. Mr. Vaidya has already transferred Rs. 2.25 Crores as a first tranche of his contribution.

Mr Vaidya has wonderful memories of his alma mater and always wanted to give back. The Endowment Fund has given him that opportunity to give back and make a real difference.

He received an MS degree in Mathematics and Computing from IIT Delhi and an MS in Computer Science from the University of Denver, USA. 

Mr Vaidya is a serial entrepreneur and technology leader who has built industry leading technology companies in enterprise software, data management, analytics, and machine learning/AI over the last 25 years. Currently, he is the Co-founder, General Partner, and CTO of Super{set}, a start-up studio that founds, funds, and builds data driven technology companies. He also serves as the Co-founder and CTO of Ketch and Markov ML. 

Prof V Ramgopal Rao, Director, IIT Delhi and Chairman, IIT Delhi Endowment Management Foundation, welcomed Mr Vivek Vaidya’s association with the Endowment Fund as a founder and said, “Looking at the progress made by the IIT Delhi Endowment Fund in just over 2 years of its launch, there is no doubt that this initiative has turned out to be a milestone event in the Institute’s history. We are happy to welcome Vivek Vaidya as a founder member of Endowment Fund and look forward to Vivek's active involvement in the Institute activities and future growth plans”. 

Mr Arun Duggal, an esteemed alumnus and Co-chairman, IIT Delhi Endowment Management Foundation said, “I would like to extend my heartiest welcome to Vivek as founder in IIT Delhi Endowment Fund. It is great to have a distinguished professional like him join the Founder group to give back to our alma mater”. 

Recognizing the generosity of Mr Vaidya, Prof P.V. Madhusudhan Rao, Dean, Alumni Affairs, IIT Delhi said that more and more alumni are coming forward to support the institute and this will greatly help in our aspiration to become one of best institutes globally.

Mr Vaidya, who lives in San Francisco with his wife Ms Pallavi and son Viplav, has also co-authored a popular book titled ‘Data Driven: Harnessing Data and AI to Reinvent Customer Engagement’, which was published in 2018.

IIT Delhi has a rich alumni network, and among its illustrious alumni, there are some of the world-renowned scientists, successful entrepreneurs, world-class managers, and leaders of society. With such a strong alumni network in India and all over the world, the Institute is confident of getting their constant support.


              Press Release Issued On : 01/01/2022