Anand Mahindra''s Rs 300 Cr Endowment to Mahindra University
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Anand & Anuradha Mahindra donate Rs 300 Cr in M&M shares to Mahindra University, fulfilling a Rs 500 Cr pledge. Funds support scholarships, research & infrastructure.
Photograph: Danish Siddiqui/Reuters
New Delhi, Aug 12 (PTI) Mahindra Group Chairman Anand Mahindra and his wife Anuradha have made endowment contribution of M&M Ltd shares valued around Rs 300 crore to Mahindra University, the educational institution said on Wednesday.
The latest endowment contribution, comprising shares of Mahindra & Mahindra Ltd (M&M) valued around Rs 300 crore, together with earlier contributions, fulfils the landmark personal pledge of Rs 500 crore made by Anand Mahindra and family in support of Mahindra University, it said in a statement.
The contribution will support Mahindra University's educational and charitable objectives, including infrastructure, scholarships, research grants, student aid and academic operations, it added.
The pledge was publicly announced on March 27, 2024. It supports Mahindra University's mission to strive for interdisciplinary academic excellence and to train multi-skilled leaders committed to inclusive and sustainable progress, the statement said.
Sharing a personal note on the contribution, Anuradha and Anand Mahindra said, "Education has always been a core value in our family. We have long believed that real legacy lies in what one gives back to society and in the opportunities one creates for the next generation."
They further said, "That belief led us to make our pledge to Mahindra University in March 2024."
Since then, the university has come a long way. It has moved into new disciplines, brought together students and faculty from India and beyond, and built partnerships with leading universities around the world. It is steadily building the foundations of an institution intended to endure, they added.
Stating that India's future will be shaped by the quality of its universities and the knowledge, values and confidence of its young people, they further said, "Mahindra University was created to educate future citizens for and of a better world. We remain deeply committed to that purpose and to the university's continuing journey."
The latest endowment contribution, comprising shares of Mahindra & Mahindra Ltd (M&M) valued around Rs 300 crore, together with earlier contributions, fulfils the landmark personal pledge of Rs 500 crore made by Anand Mahindra and family in support of Mahindra University, it said in a statement.
The contribution will support Mahindra University's educational and charitable objectives, including infrastructure, scholarships, research grants, student aid and academic operations, it added.
The pledge was publicly announced on March 27, 2024. It supports Mahindra University's mission to strive for interdisciplinary academic excellence and to train multi-skilled leaders committed to inclusive and sustainable progress, the statement said.
Sharing a personal note on the contribution, Anuradha and Anand Mahindra said, "Education has always been a core value in our family. We have long believed that real legacy lies in what one gives back to society and in the opportunities one creates for the next generation."
They further said, "That belief led us to make our pledge to Mahindra University in March 2024."
Since then, the university has come a long way. It has moved into new disciplines, brought together students and faculty from India and beyond, and built partnerships with leading universities around the world. It is steadily building the foundations of an institution intended to endure, they added.
Stating that India's future will be shaped by the quality of its universities and the knowledge, values and confidence of its young people, they further said, "Mahindra University was created to educate future citizens for and of a better world. We remain deeply committed to that purpose and to the university's continuing journey."
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