IIT Bombay, IIT Madras and IIT Delhi Generate Highest Revenue: HRD Ministry

Sakunth Kumar

Updated On: July 23, 2018 11:18 AM

  • 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.
IIT Bombay, IIT Madras and IIT Delhi Generate Highest Revenue: HRD Ministry

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.

Also Read: IIT Delhi Plans to Improve Global Rankings

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

For the latest IIT news and updates, stay tuned to CollegeDekho.

Are you feeling lost and unsure about what career path to take after completing 12th standard?

Say goodbye to confusion and hello to a bright future!

news_cta
/news/iit-bombay-iit-madras-and-iit-delhi-generate-highest-revenue-hrd-ministry-14395/

Do you have a question? Ask us.

  • Typical response between 24-48 hours

  • Get personalized response

  • Free of Cost

  • Access to community

Recent News

Subscribe to CollegeDekho News

By proceeding ahead you expressly agree to the CollegeDekho terms of use and privacy policy

Never miss an exam update !!

Top