IIT Madras funding, revenue up Rs 1,000 crore for first time in FY

Premier engineering college clocks highest number of job offers received during campus placements in academic year

The Indian Institute of Technology Madras (IIT Madras) generated more than Rs 1,000 crore in funding and revenue in 2021-22, the first time it made such an amount in a financial year. It got Rs 1,081 crore in 2021-22: a 51 per cent increase from Rs 714 crore in 2020-21.

This sum includes Rs 768 crore of funds from projects sanctioned by the state and central governments and Rs 313 crore in industry consultancy. “The performance of the Centre for Industrial Consultancy and Sponsored Research is very encouraging and perfectly aligned with the Strategic Plan of IIT Madras. This is