IIT Bombay, IIT Madras and IIT Delhi Generate Highest Revenue: HRD Ministry
- IIT Bombay, IIT Madras and IIT Delhi emerged as top three institutes in terms of revenue generation in the last three years.
- The revenue generated by depends on research, inventions, patents filed by the institute and consultancy projects.
As per the official HRD Ministry data, IIT Bombay has been successful in generating highest revenue through patents, consultancy, inventions and research in the last three years. Among all the IITs, IIT Bombay, IIT Madras and IIT Delhi bagged the top three spots in terms of revenue generation.
A senior official of HRD Ministry confirmed that there is no relationship between the annual budget allocated to IITs by the Ministry in the form of GIA (Grants-in-Aid) and revenue generated by them. The Ministry grants GIA for the development of infrastructure and for the recurring expenses such as administrative expenses, pensions, fellowships and salaries. On the other hand, the revenue generated by the premier engineering institutes depends on research, inventions, patents filed by the institute and consultancy projects, he added.
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Revenue Generated by IIT Bombay:
The revenue generated by IIT Bombay in the last three years is as follows: -
Academic Year | Revenue Generated |
2017-18 | Rs. 17.99 crore |
2016-17 | Rs. 17.11 crore |
2015-16 | Rs. 10.55 crore |
Revenue Generated by IIT Madras:
The revenue generated by IIT Madras in the last three years is as follows: -
Academic Year | Revenue Generated |
2017-18 | Rs. 11.67 crore |
2016-17 | Rs. 10.87 crore |
2015-16 | Rs. 7.15 crore |
Also Read: IIT Mandi Encourages Women to Become Entrepreneurs
Revenue Generated by IIT Delhi:
The revenue generated by IIT Delhi in the last three years is as follows: -
Academic Year | Revenue Generated |
2017-18 | Rs. 10.61 crore |
2016-17 | Rs. 8.84 crore |
2015-16 | Rs. 7.30 crore |
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