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

Indian Institute of Technology Mandi (IIT Mandi), a leading
second-generation IIT, is proud to announce the receipt of a generous donation exceeding USD
86,000 (Rs. 75 Lakh) from Mr. Satish Agarwal and Ms. Kamlesh Agarwal, distinguished
philanthropist based in United States. This generous contribution is designed for the
establishment of the “Satish and Kamlesh Agrawal Charitable Fund, Houston, Texas, USA.”
This contribution aims to serve as a sustainable endowment to support a wide range of
developmental initiatives at IIT Mandi, including student scholarships, faculty/student travel
grants, infrastructure development, smart classrooms, research and innovation projects, etc.
The attractive feature of this initiative is that the Charitable fund will function as a Master
Account, means only the interest income (up to 90%) will be consumed annually for the approved
purposes, while the principal corpus (amount) will remain preserved to ensure long-term financial
sustainability. Oversight of fund allocation, project selection, and reinvestment will be managed by
a Committee for Execution (CE) comprising IIT Mandi faculty members.
Prof. Laxmidhar Behera, Director, IIT Mandi, extended his heartfelt appreciation to Mr. Satish
and Ms. Kamlesh Agrawal for their generosity and vision in supporting higher education and
innovation.
He added “The collaboration was facilitated by the IIT Roorkee Foundation (IITRF), USA. We, at
IIT Mandi, expresses our its gratitude to the Board of Directors (BOD) of IIT Roorkee
Foundation for their selfless approach in transmitting 100% of all donations received from donors
to IIT Mandi and other recipient organizations in India. The BOD of IITRF pays all the expenses
from their own pockets for coveringto cover all expenses of the foundation. IIT Mandi expresses its
sincere thanks for their kind guidance and continued support in strengthening philanthropic
collaborations.
Expressing gratitude, Prof. Varun Dutt, Dean of Resource Generation & Alumni Relations
(DORA), IIT Mandi, said, “We are deeply thankful to Mr. Satish and Ms. Kamlesh Agrawal for their
generous and visionary contribution. This Charitable Fund sets an example of a sustainable model
of philanthropy to advance academic excellence, research, and innovation at IIT Mandi for years to
come.”

Sharing his thoughts, Mr. Satish Agrawal remarked, “This contribution is dedicated to promoting
education, research, and community welfare through IIT Mandi. It reflects our belief in creating
lasting societal impact through knowledge and innovation.”
The DORA Office at IIT Mandi sincerely expresses their gratitude to Mr. Satish Agarwal and Ms.
Kamlesh Agrawal for their generosity and commitment to advancing the cause of education,
research and social development.