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Tech Mogul's Giving: Time Over Treasure for India's Future
26 Jan
Summary
- Mehta funded eight schools across six IITs in fields like biotechnology and AI.
- He emphasizes giving 'Time, Talent, and Treasure,' prioritizing involvement over money.
- His foundation aims to produce 12,000 graduates by 2031 to boost India's prosperity.
Rahul Mehta, who left India at 17 with minimal funds, achieved success by building and selling four bootstrapped companies in the US. Upon reaching his financial 'enough number,' he redirected his efforts towards philanthropy in India, focusing on biotechnology, AI, and sustainability education. His Bhupat and Jyoti Mehta Family Foundation has supported eight schools across six IITs and numerous non-profits.
Mehta's approach to giving prioritizes 'Time, Talent, and Treasure,' emphasizing personal involvement and strategic impact over mere financial contributions. He actively engages with students and faculty, ensuring his interventions permanently improve society. This philosophy is exemplified by the creation of the Bhupat and Jyoti Mehta School of Biosciences and Bioengineering at IIT Madras.
The foundation's goal is to cultivate India's intellectual capital by producing 12,000 graduates by 2031. Mehta believes this focus on STEM, medicine, journalism, and humanities will drive economic prosperity and societal advancement. He advocates for an internal development trajectory for India, distinct from comparisons with other nations, citing significant progress in education and earning power.
