The Indian Institute of Technology (IIT) Bombay, an autonomous institute and a deemed university, has established the IITB Development and Relations Foundation (IITB-DRF), an independent non-profit organization (Sec8 company).
The IITB-DRF is set up as a development organization for the institute working closely with the Office of the Dean Alumni and Corporate relations (ACR), to focus on outreach, cultivation and stewardship of the alumni, corporate and philanthropic donor community. Through this, it aims to help the institute build & sustain world class infrastructure, drive cutting-edge and scholarship, in collaboration with faculty and students of IITB. The IITB-DRF aims to enable IIT Bombay to be more financially independent through creating a development/fundraising capability. The key objective is focus on its core purpose of scaling up alumni and corporate outreach with a view to seeking their active participation through fund raising and donor participation in enriching IIT Bombay ecosystem.
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