Finance
Motilal Oswal Foundation has committed ₹71 crore towards establishing the Smt. Mithilesh Agrawal Centre of Excellence at the National Institute of Technology (NIT), Chhattisgarh, marking a major investment in advanced education, research and technology development in the state.
The foundation stone for the centre was laid on November 10, 2026, by Chhattisgarh Chief Minister Vishnu Deo Sai. The initiative is particularly significant as it brings a major educational and technology development project to the birthplace of Motilal Oswal Group Co-founder Raamdeo Agrawal.
Spread across a built-up area of 1.32 lakh square feet, the centre will house seven advanced technology laboratories. It aims to support innovation, research and entrepreneurship while creating opportunities for young talent.
By 2030, the initiative targets supporting 250+ startups and training more than 10,000 young people, contributing to Chhattisgarh’s growing technology and innovation ecosystem.
The investment underscores the growing role of philanthropic institutions in building India’s research, education and startup infrastructure.
