Tuesday, October 27, 2009

NRI tycoon's $5-mn gift for IIT-D

I am contributing $5 million towards the school at IIT Delhi where I studied. The name of the school has not been decided yet," said Khosla, partner in the Melno Park (California)-based venture fund Kleiner, Perkins, Caufield and Byers.

"The curriculum and coarse structure for the school are being worked out by the IIT faculty," Khosla, here on a personal visit, said.

An alumnus of the IIT where he pursued a bachelor's degree in electrical engineering, Khosla was a co-founder of Daisy Systems and the founding chief executive officer of Sun Microsystems.

On the issue of micro-credit, he said he wanted to replicate the success of Bangladesh's Grameen Bank in India and fund tiny enterprises in small towns and villages.

"One of the institutions I am contributing to is Share in Hyderabad. There are two-three others I am talking to and the discussions are in various stages," said Pune-born Khosla, who went to St Mary's School here.

PRAVESH YADAV

PGDM 1st sem

2009-11

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