Motilal Oswal Foundation and IIT Bombay have forged a historic partnership. This collaboration will see the establishment of world-class academic infrastructure and development of first of its kind program in financial markets at IIT Bombay, backed by a substantial INR 130 crore pledge from the Motilal Oswal Foundation.
This is the biggest commitment till date from the foundation set up by Motilal Oswal and Raamdeo Agrawal, the co-founders of MOFSL, by pledging 10% of Motilal Oswal Financial Services' equity, valued currently at Rs 4,000 crores, towards philanthropic initiatives over the next decade. This also is one of the largest corporate philanthropic contributions ever made to an Indian educational institution.
Under the MoU, Motilal Oswal Knowledge Centre will be set up in IIT Bombay’s campus, with an area of ~1 lakh –1.2 lakh sq. ft. This state-of-the-art academic block will serve as a hub for innovation, research, and academic excellence. Housing advanced laboratories, research centres, and collaborative spaces, the Motilal Oswal Knowledge Centre will enable IIT Bombay to attract world-class talent and further its mission of being a global leader in science and technology.
India's financial sector, a key pillar of the economy, is evolving rapidly in size and complexity. The Motilal Oswal Centre for Capital Markets (MOCM) at IIT Bombay, is conceptualized with the objective of building high-end capabilities to enable the evolution and growth of the Indian Financial Sector. The multidisciplinary Centre will draw expertise from areas such as Finance, Economics, Management, Operations Research, Computer Science, Artificial Intelligence and Mathematics.
MOCM plans to offer an array of academic programs in Financial Markets, at the graduate, undergraduate and post-graduate levels. The Centre also envisions offering flexible online Post Graduate Diplomas, making it accessible to professionals worldwide. MOCM promises to be a game-changer, offering students unparalleled access to industry leaders, hands-on training with real-world data, and the opportunity to shape the future of financial Sector. This initiative positions IIT Bombay at the forefront of financial education, making it the go-to destination for anyone looking to lead in the global financial markets.
Prof. Shireesh Kedare, Director of IIT Bombay, expressed gratitude for the monumental support and said, "The Motilal Oswal Knowledge Centre will be a significant milestone in IIT Bombay's efforts to scale new heights of global excellence. This generous donation will help us modernize and advance our infrastructure, essential for fostering ground-breaking research. The establishment of the Motilal Oswal Centre for Capital Markets marks a pivotal moment for IIT Bombay. This initiative will not only elevate the institute’s stature in financial education but also solidify its position as a leading hub for nurturing the next generation of financial market leaders. It aligns perfectly with our broader vision of scaling new heights of global excellence and contributing to India’s leadership on the global stage. We are immensely grateful to Motilal Oswal Foundation for their visionary contribution”
Commenting on the collaboration, Motilal Oswal, Trustee, Motilal Oswal Foundation, said, "At Motilal Oswal Foundation, we are committed to building research backed educational ecosystem that will create a positive impact on future leaders of the nation. We are honoured to partner with IIT Bombay, an institution that is at the forefront of innovation and academic excellence. The Motilal Oswal Knowledge Centre as well as Motilal Oswal Centre for Capital markets stand as a testament to the power of strategic philanthropy and the pivotal role that partnerships between academia and industry can play in creating lasting societal impact. We believe this partnership will pave the way for a brighter, more innovative future for the country and its financial markets.”
This landmark collaboration aligns with the Government of India's broader vision of a 'Viksit Bharat,' where technological advancements and cutting-edge research are central to societal progress, sustainable development, and India’s global leadership. Forging strategic alliances with forward-thinking organisations like Motilal Oswal Foundation allows IIT Bombay to secure sustainable, long-term funding, and foster mutually beneficial relationships with industry.
