TTK Prestige contributes Rs 10 crore to establish endowment in IIT Madras
The interest from the endowment would be used to support fresh research by students and the faculty of IIT- Madras.
Press Trust of India | August 7, 2021 | 09:20 AM IST
Chennai: Kitchen appliances-maker TTK Prestige has said it has contributed Rs 10 crore to the Indian Institute of Technology-Madras (IIT-M) to establish an endowment. The interest from the endowment would be used to support fresh research by students and the faculty of IIT- Madras, a press release said here.
Chairman of the company T T Jagannathan is an alumnus of IIT-Madras and belonged to the 1970 batch, the release said. He secured a gold medal for the best academic performance in mechanical engineering, it said.
Jagannathan, credited for the rise of the TTK Prestige and for his achievements, the alma mater named an auditorium after him, the release said. The auditorium was inaugurated on Friday by Jagannathan himself, it said.
"I have the highest regard for my alma mater, where I enjoyed many rewarding years. IIT-Madras has established a reputation of being a hub of research and innovation. I am delighted to contribute in a small way..." the release quoted Jagannathan as saying.
The Director of IIT-M Bhaskar Ramamurthi said, "We are honoured that our auditorium will be carrying his name. He is a role model for our students and budding entrepreneurs". In 1996, Jagannathan won the 'Distinguished Alumnus Award' and was fondly called as the 'kitchen moghul' for the cookware made by TTK Prestige, the release added.
Write to us at news@careers360.com .
Follow us for the latest education news on colleges and universities, admission, courses, exams, research, education policies, study abroad and more..
To get in touch, write to us at news@careers360.com.
Next Story
]Featured News
]- Lok Sabha Election 2024: Over 50 students, teachers arrested over past 5 years
- Diversity and inclusion ‘all on paper’, writes a transgender activist on experience at work
- ‘This is terrible’: West Bengal teachers who fought recruitment scam dismayed by cancellation
- More women joining engineering with scholarships, affirmative action in admission, placements
- BTech in Marathi: How PCCOE Pune is showing the way
- ‘We hope to admit students from outside Kerala’: CET Trivandrum principal
- IIIT Bangalore plans to launch BTech programmes, says director
- COMEDK UGET ‘model exam’ for engineering colleges: Executive Secretary
- Top IT companies have cut thousands of jobs in past months, reports on headcounts show
- Project to attract foreign students to IITs still a work-in-progress