Prof Sridhar Tayur, an IIT Madras alumnus, who was on campus earlier this week to deliver a “Leadership Lecture”, launched an “Institute Chair” in the Department of Management Studies at IIT Madras.
The Chair is endowed with an amount of Rs. 50 lakh, and is established in the name of ‘RAGS Family Foundation’ that has also made other philanthropic gifts in the areas of higher education, entrepreneurship, independent films, microfinance and children’s health, development and safety.
Prof R Nagarajan, Dean of International & Alumni Relations at IIT Madras, welcomed the establishment of the Chair and stated, “This is another sign of the continuing support that IIT Madras enjoys from our alumni. They contribute time, talent and treasure, and we value them all equally,” according to an official release.
The Board of Governors of IIT Madras has created “Institute Chair Professorships”, to be occupied by professors who have distinguished themselves and have been recognized by their peers for their research and/or technology development, and who have excelled in teaching and service to the Institute/ nation/ profession.