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IIT BHU gets $1.6 M gift from Indian-American alumnus Dev Goswami
The donation will fund the “Dev & Vardhana Goswami Lecture Hall Complex” named in honor of Goswami and his wife, Vardhana Goswami.
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Bhavana P - Tue, 15, Jul 2025
- 16:22 EDT
- 82
Dev Goswami / IPS LLC
Indian-American business executive Dev Goswami has donated $1.6 million to his alma mater, the Indian Institute of Technology (Banaras Hindu University).
The substantial gift will be used to establish a modern lecture hall complex in the Varanasi campus. The new hall will feature three floors equipped with smart classrooms, collaborative learning spaces, high-speed internet, advanced acoustics, and inclusive infrastructure. It is expected to accommodate up to 1,850 students across disciplines and academic levels.
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"Goswami’s extraordinary generosity reflects the spirit and strength of our alumni community. This contribution is not just a donation—it is a legacy. The Dev & Vardhana Goswami Lecture Hall Complex will be a beacon of academic innovation and a living tribute to the transformative power of giving back. We are honoured and deeply grateful,” said professor Amit Patra, director of IIT (BHU), Varanasi.
Goswami, who currently serves as executive chairman of IPS LLC, a Berkshire Hathaway company, stated, “my vision for this complex is to have a vibrant space that would foster learning, interaction, networking and collaboration, ultimately leading to the development of highly skilled technology and business leaders who can make a difference in the world."
A 1974 graduate of the department of mechanical engineering, Goswami has remained an active supporter of higher education and community development in both India and the United States.
With this gift, the U.S.-based IIT (BHU) Foundation has now exceeded $10 million in total donations, marking a major milestone in its mission to support the institute’s long-term growth and transformation.
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