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The IIT Alumni Impact Study is an unprecedented effort launched by PanIIT. Its goals are to take stock of contributions made by IITians over the last 50+ years across professions and across geographies, and to create a fact-base for mobilizing the IITs and IITians to dialogue on how we can do even more, individually and collectively. An important part of this study is a global web-based survey that attempts to map the impact of IITians on the global economy across impact areas like entrepreneurship, scientific and technological achievement, as well as social transformation, research, educational and leadership contributions. This survey was launched on September 22, 2008 and over 4500 IIT alumni have participated in this study providing a robust sample from which to draw preliminary conclusions. Initial analysis of the data from the survey reveals the following: The IIT’s have graduated approx. 200,000 students from the seven campuses since 1954 (including Roorkee before it became IIT). Of these, 40% were from undergraduate programs and 60% from graduate programs. Overall, IIT alumni in senior positions in industry and government across the world today have budgetary responsibility for over USD 885 Billion (INR 4000000 Crores). When measured across industry, government, entrepreneurial activity and scientific/technological innovations, IIT alumni have been associated with over USD 450 Billion (INR 2000000 Crores) of incremental economic value creation. They have also been involved in the creation of over 20 Million new jobs. Of IIT alumni who graduated prior to 2001, 4 out of 10 are in top-leadership roles in corporations, educational institutions, research labs, NGOs, governmental agencies, politics, and as entrepreneurial heads of their own companies. A majority of these top leaders believe they have contributed most through their personal impact on innovation relating to product, process, services, etc. Among IIT alumni who are in top-leadership roles, 7 out of 10 are currently based in India with 2 out 10 being returnees who come back to India after careers in other parts of the world. There is clear evidence of a significant up-tick in the number of India-based alumni in leadership roles starting with the period when economic liberalization was introduced in the early 1990s. An important indicator of the role being played by IIT alumni in Indian corporations is the fact that 54% of the Top 500 Indian companies currently have at least one IIT alumnus on their Board of Directors, and these companies have a cumulative revenue that is 10 times greater than that of the other companies on the list. One in five IIT alumni work in Research & Education. 75-80% of IIT alumni in Research &Education continue to work in Science and Technology related areas. Half of the IIT alumni in Research &Education are based in India, and of these 2 out of 5 are returnees who have come back to India. One in 10 IIT alumni are currently engaged in social transformation working in NGOs, government administration or politics, on programs relating to education, the environment, or poverty reduction, etc. IIT alumni working in this area have founded over a 1000 NGOs. One in 10 IIT alumni have started their own companies, with over 40% of them being serial entrepreneurs. Two-thirds of the companies founded are in India. For a copy of the complete report documenting the full details of the survey findings, send us an email paniitalumni@gmail.com. |
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