Latest news with #InstituteofChemicalTechnology
Time of India
a day ago
- Business
- Time of India
Mukesh Ambani's Guru Dakshina: RIL chairman donates Rs 1510000000 to ICT where he studied
Mukesh Ambani's news: India's richest man, Mukesh Ambani, recently made a heartfelt donation of Rs 151 crore to the Institute of Chemical Technology (ICT) in Mumbai – the same institute where he studied during the 1970s. This generous move by the Reliance Industries Limited (RIL) chairman is being seen as a true gesture of guru dakshina, honouring his teacher and mentor, Professor M M Sharma. Mukesh Ambani Visits His Alma Mater On Friday, Mukesh Ambani spent more than three hours at the Institute of Chemical Technology, formerly known as UDCT (University Department of Chemical Technology). He attended a special event held to launch the biography of Professor M M Sharma, titled Divine Scientist. The event turned emotional and nostalgic as Ambani shared memories from his college days and his first lecture by Prof Sharma. A Tribute to Professor M M Sharma Ambani praised Professor Sharma for being a visionary who played a silent yet powerful role in shaping India's economic future. According to Mukesh Ambani, Prof Sharma believed that India's growth depended on freeing the country's industries from the outdated license and permit system, allowing Indian companies to scale up and compete with the world. 'Just like my father Dhirubhai Ambani, Prof Sharma had a dream of transforming India's industrial landscape from scarcity to global leadership,' said Mukesh Ambani. He added, 'Both these visionaries believed that science and technology, when combined with private entrepreneurship, could bring prosperity to every Indian.' Rs 151 Crore Donation to Institute of Chemical Technology As a mark of respect and gratitude, Mukesh Ambani announced a massive donation of Rs 151 crore to the Institute of Chemical Technology. The donation is an 'unconditional grant', made entirely on the suggestion of Prof Sharma, who requested Ambani to do something meaningful for the institute. 'When he tells us something, we just listen,' said Ambani. 'Prof Sharma told me, 'Mukesh, you must do something big for ICT.' I am happy to fulfil his wish with this donation.' Professor Sharma – A National Guru Calling him a "Rashtra Guru – a Guru of Bharat", Mukesh Ambani credited Prof Sharma for guiding not only him but also inspiring the rise of India's chemical industry. He stated that his success and the journey of the chemical sector in India are deeply connected to Prof Sharma's guidance. Why This Donation Matters The Rs 151 crore donation to the Institute of Chemical Technology is one of the biggest contributions made by Mukesh Ambani towards education and science in India. This funding will be used to enhance research facilities, support students, and boost innovation in chemical and scientific fields – a perfect tribute to Prof Sharma's legacy. Mukesh Ambani's generous donation to the Institute of Chemical Technology is more than just a financial gift. It is a touching story of gratitude, mentorship, and the importance of giving back to society. Through this act of guru dakshina, Ambani has once again shown his commitment to education, science, and nation-building. For the latest and more interesting financial news, keep reading Indiatimes Worth. Click here
Time of India
a day ago
- Business
- Time of India
Mukesh Ambani gifts Rs 151 crore to ICT as 'Guru Dakshina' to mentor Prof M M Sharma
Mukesh Ambani , the chairman of Reliance Industries , gifted Rs 151 crore to the Institute of Chemical Technology (ICT) on Friday. The donation, the largest in the institute's history, was announced during the launch of 'The Divine Scientist', a biography of Professor Man Mohan Sharma . Ambani gives tribute to a mentor Speaking at the event, Ambani referred to the donation as an act of Guru Dakshina , in line with Prof Sharma's guidance. 'When he tells us something, we just told me, 'Mukesh, you have to do something big for ICT', and I am pleased to announce that for Prof Sharma,' Ambani said. The book, authored by Anita Patil, highlights Sharma's contributions to the growth of chemical engineering in India. Ambani called the biography a significant effort, saying, 'It is a Herculean task to chronicle the life of a legend like Sharma.' Personal connection to ICT Ambani recalled choosing the University Department of Chemical Technology (UDCT), now ICT, over IIT Bombay, describing the decision as one of conviction. 'I realised he is an alchemist, not of metals, but minds: he has the power to transform curiosity into knowledge, knowledge into commercial value, and both knowledge and commercial value into everlasting wisdom,' he said, after attending Sharma's first lecture. He described his mentor as a national figure. 'He is a Rashtra Guru — a Guru of Bharat,' Ambani said. Live Events Praise from academic community Prof J B Joshi, former head of ICT, also spoke at the event and described Sharma as 'our Yugpurush'. He said Sharma had lived by one core principle: 'Be a good teacher, do research at the frontier of knowledge, and use that for industry and society.' Prof G D Yadav, another former ICT head, stated that around 1,300 PhD scholars were academically linked to Sharma. 'He is omniscient, omnipresent, omnipotent,' Yadav said, calling him 'Bhramarishi'. The ₹151 crore donation marks a milestone for ICT and highlights Prof Sharma's role in shaping India's scientific and industrial talent.
Business Upturn
a day ago
- Business
- Business Upturn
Mukesh Ambani donates Rs 151 crore to alma mater ICT in honour of Professor MM Sharma
By Aditya Bhagchandani Published on June 7, 2025, 12:32 IST Mukesh Ambani, Chairman and Managing Director of Reliance Industries, has announced an unconditional grant of Rs 151 crore to the Institute of Chemical Technology (ICT), Mumbai—his alma mater—during a special event commemorating the biography launch of Professor MM Sharma titled 'Divine Scientist' . Ambani, who studied at the institute in the 1970s when it was known as UDCT (University Department of Chemical Technology), spent over three hours at the campus, reflecting on the impact of his very first lecture by Prof. Sharma. He described Prof. Sharma as a key figure who quietly shaped India's economic reforms by advocating for the dismantling of the license-permit raj to promote scale and global competitiveness in Indian industry. Comparing Prof. Sharma to his father, Dhirubhai Ambani, Mukesh said both visionaries believed in the transformative power of science, technology, and private entrepreneurship. 'These two bold visionaries believed that science and technology, in alliance with private entrepreneurship, would open the floodgates of prosperity,' he stated. Referring to Prof. Sharma as a Rashtra Guru or 'Guru of Bharat,' Ambani made the donation as a form of 'Guru Dakshina', acting on the professor's personal request. 'He told me, 'Mukesh you have to do something big for ICT,' and I am very pleased to announce that,' Ambani said. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Indian Express
a day ago
- Business
- Indian Express
Mukesh Ambani to give Rs 151 crore grant to his alma mater ICT in Mumbai
Mukesh Ambani, Chairman and Managing Director of Reliance Industries, has announced an unconditional grant of Rs 151 crore to his alma mater, the Institute of Chemical Technology (ICT), Mumbai. The announcement was made during his visit to the institute for the launch event of a biography titled Divine Scientist, chronicling the life and work of his former mentor, Professor M.M. Sharma. Ambani, who graduated from the institute in the 1970s when it was known as the University Department of Chemical Technology (UDCT), paid tribute to Prof. Sharma. Recalling his first lecture, Ambani said it left a lasting impression on his academic and professional journey. He praised Prof. Sharma not only as an academic giant but also as a quiet architect of India's economic liberalisation. 'Like my father, Dhirubhai Ambani, he had a burning desire to transform Indian industry — from a system of scarcity to global leadership,' Ambani remarked. 'These two visionaries believed that science, technology, and private enterprise could open the gates to national prosperity,' he added. Ambani described Sharma as a 'Rashtra Guru – a Guru of Bharat,' and credited him for influencing policymakers to dismantle the license-permit raj, enabling Indian industries to scale up, reduce imports, and compete globally. The Rs 151 crore donation was made in honor of Prof. Sharma's request. 'When he tells us something, we just listen. We don't think. He told me, 'Mukesh, you have to do something big for ICT.' This is my Guru Dakshina,' Ambani said. The contribution is expected to significantly strengthen ICT's research infrastructure and global collaborations.
Hindustan Times
a day ago
- Science
- Hindustan Times
Mukesh Ambani donates ₹151 crore to alma mater ICT
MUMBAI: Industrialist Mukesh Ambani on Friday announced an unconditional grant of ₹151 crore to his alma mater, the Institute of Chemical Technology (ICT, formerly UDCT), Mumbai. The donation was made in honour of Prof M M Sharma, on the occasion of the release of his biography Divine Scientist, published in both Marathi and English. Ambani shared personal memories of Prof Sharma, recalling how the first lecture he attended by him shaped his path. 'Like my father Dhirubhai Ambani, he had a burning desire to change Indian industry from scarcity to global leadership,' said Ambani. 'These two bold visionaries believed that science and technology, in alliance with private entrepreneurship, would open the floodgates of prosperity.' Crediting the rise of the Indian chemical industry to Prof Sharma's efforts, Ambani called him a 'Rashtra Guru' and 'a Guru of Bharat.' Ambani said the ₹151 crore unconditional donation was his guru dakshina made as per Prof Sharma's instruction. 'When he tells us something, we just listen. We don't think,' Ambani said. The event was held at ICT's Pidilite Hall and presided over by senior nuclear scientist Anil Kakodkar. Several eminent scientists, including Raghunath Mashelkar, J B Joshi, Aniruddha Pandit, and G D Yadav, paid tribute to Prof Sharma's legacy in education and science. Divine Scientist was written in Marathi by Anita Patil and translated into English by Sonia Khare. Prof Sharma, who joined UDCT as a professor at 27, has dedicated over six decades to teaching and research. His former students, many of whom went on to become pioneers in Indian science, recalled his influence and humility.
