IIT Delhi has received a Rs 75 crore contribution from alumnus Anant Yardi, Founder of Yardi Systems, to support AI research. A significant portion will fund the Yardi School of AI, while part will enhance infrastructure under the institute’s Renewal and Expansion Programme. Yardi said the donation reflects gratitude for his IIT Delhi education.

New Delhi: Indian Institute of Technology (IIT), Delhi has received contribution of Rs 75 crore from its alumnus and Board Chairman and Founder of Yardi Systems, Anant Yardi, for supporting the institute's cutting-edge research in artificial intelligence, officials said on Thursday.

Yardi (79), a 1968-batch alumnus, had earlier also pledge Rs 75 crore contribution to his alma mater.

"A significant portion of the contribution has been earmarked for the Yardi School of Artificial Intelligence (ScAI) at IIT Delhi. A part of the contribution will be directed towards IIT Delhi’s Infrastructure Renewal and Expansion Programme, a strategic initiative aimed at enhancing the campus experience and supporting future growth," an IIT Delhi statement said.

"The first phase of this programme focuses on the development of housing and a new academic building - critical additions to accommodate the institute's expanding academic and residential needs," it added.