Nandan Nilekani

With support from some of the biggest names in Indian business, including Ratan Tata and Nandan Nilekani, Avanti Finance was founded in 2018 with the goal to provide timely, reasonably priced financial services to the next 100 million underserved or underprivileged households.

The donation marks Nilekani's 50-year association with the Institute and will fund world-class infrastructure, research in emerging areas of engineering and technology, and a deep tech startup ecosystem at IIT Bombay

He also said that the next Infosys chairman will be a non-founding member