: Who Are The Mindtree Co-Founders Who Donated Rs 425 Crore To IISC’s Latest Project? #IndiaNEWS #Bengaluru The co-founders of Mindtree, an IT services and consulting firm, have announced that they

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Who Are The Mindtree Co-Founders Who Donated Rs 425 Crore To IISC’s Latest Project? #IndiaNEWS #Bengaluru
The co-founders of Mindtree, an IT services and consulting firm, have announced that they will donate Rs 425 crore to fund IISc’s (Indian Institute of Science) ‘first-of-its-kind’ not-for-profit multi-speciality hospital and medical school.
This initiative, taken by Susmita and Subroto Bagchi, alongside Radha and N S Parthasarathy, will help the institute to build the 800-bed multi-speciality hospital. The estimated cost of the upcoming project is a total of Rs 900 crore. The institute will be named the Bagchi-Parthasarathy Hospital.
The pathbreaking partnership.
Mindtree, now part of the L&T Group, was founded in 1999.
Subroto Bagchi, former chairperson and co-founder of the company, is known for taking up several socially responsible positions. In 2016, he quit his well-paying job at a tech major and became the chairperson of Odisha Skill Development Corporation (OSDC), where he reportedly worked for a salary of Rs 1 per month. In March 2020, he was appointed as the state government’s spokesperson on the pandemic.
In 2021, Subroto gave Rs 340 crore to set up a cancer and palliative care centre in Bhubaneswar. This 63-year-old philanthropist and his family have also been active contributors to the charity works of Aravind Eye Hospital, Amrita University and Ahmedabad University. He has served on the boards of IIM Bengaluru, Indian Oil, and IIIT Bhubaneswar, and currently serves on the board of governors of Software Technology Parks of India.
“In one way or the other, everyone wants to give back. Many people, particularly the young, are engaged in philanthropy. Some of us are lucky to get an opportunity to play a bigger role on a larger platform. We must do what we can and not indulge in comparison. We must have deep humility, before we begin such initiatives and know that there were problems before us and there will be problems after us. If I pause and look around it becomes evident that I walk in the shadow of giants,� Subrato told Outlook India.
He is also a renowned writer, his best-sellers being The High-Performance Entrepreneur, Go Kiss the World, The Professional, MBA at 16, The Elephant Catchers and SELL.
Meanwhile, N S Parthasarathy, a Bengaluru-based entrepreneur, is the managing partner of Mela Ventures and co-founder of Mindtree. As a technology expert with over 35 years of experience in the Indian IT sector, Partha played a vital role in setting up engineering processes during his early days in Mindtree. The company grew from a venture capital funded startup in 1999 to a billion dollar revenue company in 2022 with his strenuous effort.
N S Parthasarathy and Subroto Bagchi with their wives Radha and Susmita respectively.

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