Parents sold gold for Rahul Mehta's US education; he later funded 8 IIT schools
Rahul Mehta, a self-made entrepreneur who built and sold four companies, has dedicated his wealth to funding education initiatives at various IITs. His philanthropic efforts are rooted in his own experience of overcoming financial hardship to study in the US.
Why it matters
Highlights the impact of individual philanthropy on institutional academic development and the importance of supporting intellectual capital.
What would you do if you had already built and sold four companies, made enough money to stop working and reached what you considered your “enough number”? For Rahul Mehta, the answer was not another company, a bigger house or more wealth. He decided to invest his time and resources in something he believed could have a longer-lasting impact: education.Mehta, who left India for the US at 17 with money his parents raised by selling their gold and silver, went on to build and sell four companies in America. Years later, he returned to India with a very different goal — helping strengthen the country's intellectual capital.
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