IIT Delhi alumnus Mohit Mittal to contribute Rs 11 crores to institute’s endowment fund

NEW DELHI: The Indian Institute of Technology (IIT) Delhi’s alumnus Mohit Mittal has pledged Rs 11 crores to the endowment fund of the institute over the next five years.

Mittal received a BTech degree in Computer Science and Engineering in 2000 at IIT Delhi . He is currently working as the managing director and portfolio manager at Pacific Investment Management Company (PIMCO), where he manages credit, total return, LDI and dynamic bond portfolios, according to an official statement from IIT Delhi.

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Recalling his cherished memories at IIT Delhi, Mittal reminisced: “I am extremely thankful to IIT Delhi for everything that I learnt during my 4 years there, which formed the foundations of my professional career. My wife, Shveta, and I sincerely believe that a strong endowment will enable IIT Delhi to serve its students and faculty, and support cutting edge research and entrepreneurship that can be transformative to the entire world for generations to come.”

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“We are thrilled to support this magnificent endeavour. We hope to work with a variety of academic disciplines at IIT Delhi like the Department of Energy Sciences and Engineering, Center for Automotive Research and Center for Atmospheric Studies and support their research on many pressing topics impacting our planet today,” he added.

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Welcoming Mittal as a Founder to the institute’s endowment fund, V Ramgopal Rao, director, IIT Delhi and chairman, IIT Delhi endowment fund said: “ I have spoken with Mohit Mittal personally and felt elated seeing his enthusiasm and commitment to help the institute. I feel so glad that the endowment fund initiative, started just over two years ago, is taking deeper roots and expanding its reach. The credit for the success of this initiative largely goes to the alumni themselves. Thank you Mohit for inspiring so many others with your generosity.”