IIT (BHU) Foundation Receives INR 5 Cr Donation From An Alumnus To Establish New School of Decision Sciences and Engineering

New Delhi: The IIT (BHU) Foundation, a U.S.-based all-volunteer, non-profit association of alumni, announced that Mr. Naresh C. Jain, has donated INR 5 Cr to the IIT (BHU) Foundation to establish the infrastructure of IIT (BHU)’s new school. Being a graduate from IIT (BHU) (MEC ‘67), a prolific philanthropist and founder of Diamond Express Car Wash, Inc., the donation from Jain will help establish the infrastructure of new school, which will bear Jain’s name as the Naresh C. Jain School of Decision Sciences and Engineering. This school will train the technical manpower of this institute and beyond, in all aspects of people and process management by having motivated and dedicated faculties with an enabling course curriculum that provides layered learning experiences.

The new school Engineering will offer a Master of Technology and a Ph.D. program in Decision Sciences and Engineering with emphasis on practical learning and applied research. The focus will be on four research areas: Logistics and Supply Chain Management, Manufacturing Systems Engineering, Healthcare Systems Management and Agribusiness Management. Thanks to Jain’s tremendous contribution, this new school will be closer to achieving its objectives of engaging in cutting-edge research in the areas of technology and management of Decision Sciences and Engineering including organizing national and international seminars, establishing state-of-art laboratories, and much more.

Mr. Naresh C. Jain said, “There is no better education I could have received than the one I received at IIT (BHU), which was called Banaras Engineering College (BENCO) when I graduated in 1967. I was fortunate to get a full scholarship at BENCO which included tuition fee, room and board. I feel indebted to Indian taxpayers who paid for my education. Now I feel obligated to pay back my debt to my alma mater. I’m confident that we will achieve our mission for the School of Decision Sciences and Engineering, which is to become a global leader in producing excellent decision makers with professional integrity and values who will contribute to the progress of the society.”

Mr. Arun Tripathi (MEC ‘97), President of the IIT (BHU) Foundation, stated, “Mr. Naresh Jain is a long-time supporter of IIT (BHU) and would send funds to students in need at the Institute via Western Union, when the IIT (BHU) Foundation did not exist. He is one of our most accomplished alumni and the binding force behind this Foundation. With this gift, we’ve secured half of the funding we need for the infrastructure of this new school. He is demonstrating not just loyalty and support for his alma mater, but a true belief in the mission and vision of this new school and everything it will do to help leaders of the future.”

Director of IIT (BHU), Dr. Pramod Kumar Jain and the Board of Governors expressed their gratitude and recognized the significance of this INR 5 Cr gift by Naresh Jain.

Mr. Pramod Kumar Jain said, “With the nation’s economy developing at a rapid rate, the role and responsibility of educational institutions have been dynamically changed, particularly of the ones that are of national importance and deal with education and training in the field of engineering and technology. The Naresh C. Jain School of Decision Sciences and Engineering will go a long way toward preparing students to successfully undertake future challenges, and to contribute to the growth, prosperity and happiness of the society.”

Prof. Rajeev Srivastava, Dean (Resource and Alumni Affairs), IIT (BHU), Varanasi has also expressed his gratitude to Sh. Naresh Jain for his generous contribution to his alma mater which shall go in a long way in the development of the Institute and also motivate other alumni to contribute to their alma mater.


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