Bengaluru :
Infosys co-founder Nandan Nilekani and Rohan Murty, have together contributed Rs 1.5 crore towards a corpus that former students of Bengaluru’s Bishop Cottons Boys School are building for retired staff members of their school.
Murty, son of the other Infosys co-founder N R Narayana Murthy, and Nilekani are among the scores of illustrious citizens the school has produced in its 150-year history. The alumni are confident the corpus will grow in size.
An announcement about the fund, and Nilekani’s anchor donation of Rs 50 lakh, was made by Aditya Sondhi, another old Cottonian, and Managing Trustee of General K.S.Thimayya Memorial Trust at the school on Saturday on the occasion of 11th General KSThimayya memorial lecture. (The general was a Cottonian too, and this year’s lecture was delivered by Rahul Rao, lecturer in politics at the University of London, and Rohan Murty himself.)
Murty, who has announced a cheque of Rs 1 crore, said the teachers and other staff members have given 30-40 years of their life to the service of the school and its students. “I was very touched by the initiative. And, when i heard about Nandan’s contribution, i decided i should also emulate him. I hope more people will come forward, and contribute,” Murthy said, and added, “The fund is our way of expressing our gratitude to our teachers and other staff members.”
The fund is reflective of the strong bond that exists between the school’s former students and staff in all ranks including those worked as lab assistants, attendants etc. “We thought we should provide an opportunity for ex-students to express their gratitude and affection towards the teachers and others,” said CN Kumar, a Cottonian from the 1970 batch, Nilekani’s classmate.
Kumar runs a startup consultancy called Advantage Offshore Knowledge Services, and serves on the Thimayya Memorial Trust.
In addition to annual cash rewards to retired staffers, the fund —which Kumar hopes will grow to at least Rs 5 crore — will meet expenses arising out of medical emergencies of retired staffers and the education needs of their children. Contributions to the trust are eligible for income tax exemption.
The school, which is an old Bengaluru landmark, has produced many stalwarts including former chief of naval staff Admiral Vijay Singh Shekhawat, nuclear scientist Raja Ramanna and cricketer Brijesh Patel.
On Saturday, the Trust gave away Rs 1 lakh each to retired staffers Iqbal Ahmed (NCC commandant), Channappa Gowda (Kannad Novea teacher) Antony (pantry helper) and J Martin (lab assistant).
source: http://www.economictimes.indiatimes.com / The Economic Times / ET Home> News> Company> Corporate Trends / by K R Balasubramanyam, ET Bureau / November 23rd, 2015
