IIT Mandi Receives USD 86,000 Donation Aid to Establish the Satish and Kamlesh Agrawal Charitable Fund

IIT Mandi Receives USD 86,000 Donation Aid to Establish the Satish and Kamlesh Agrawal Charitable Fund

Mandi, Nov 22: The Indian Institute of Technology Mandi (IIT Mandi), one of India’s leading second-generation IITs, has announced a generous donation of over USD 86,000 (₹75 lakh) from Mr. Satish Agarwal and Ms. Kamlesh Agarwal, distinguished philanthropists based in the United States. This contribution will support the establishment of the “Satish and Kamlesh Agrawal Charitable Fund, Houston, Texas, USA,” a sustainable endowment dedicated to advancing education, research, and institutional growth at IIT Mandi.

The fund has been designed as a Master Account, where only the annual interest income—up to 90%—will be utilized for approved developmental initiatives. The principal corpus will remain intact, ensuring long-term financial sustainability. The endowment will support a wide range of initiatives, including:

• Student scholarships

• Faculty and student travel grants

• Infrastructure development

• Smart classroom projects

• Research and innovation programs

A Committee for Execution (CE) comprising IIT Mandi faculty members will oversee fund allocation, project selection, and reinvestment to ensure transparent and impactful utilization.

Leadership Expresses Gratitude;

Prof. Laxmidhar Behera, Director of IIT Mandi, extended heartfelt appreciation to the donors for their vision and commitment to strengthening higher education and innovation in India.

He noted that the collaboration was facilitated by the IIT Roorkee Foundation (IITRF), USA, expressing gratitude to its Board of Directors for their selfless support.

“The IITRF Board covers all administrative expenses from their own pockets, ensuring that 100% of donor contributions directly reach IIT Mandi and other recipient institutions. We deeply appreciate their guidance and continued efforts toward enabling impactful philanthropic partnerships.”
Prof. Laxmidhar Behera

Prof. Varun Dutt, Dean of Resource Generation & Alumni Relations (DORA), IIT Mandi, highlighted the long-term value of this contribution.

“We are sincerely thankful to Mr. Satish and Ms. Kamlesh Agrawal. This Charitable Fund serves as a strong model for sustainable philanthropy and will advance academic excellence, research, and innovation at IIT Mandi for generations.”

A Donor’s Commitment to Impact;

Reflecting on the contribution, Mr. Satish Agrawal shared;

“This fund is dedicated to promoting education, research, and community welfare through IIT Mandi. It reflects our belief in creating meaningful and lasting societal impact through knowledge and innovation.”

The DORA Office at IIT Mandi extended its sincere gratitude to the donors for their continued support and dedication to strengthening education, research, and social development.