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Strategies & Market Trends : India Coffee House
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To: Mohan Marette who wrote (5252)7/23/1999 8:08:00 PM
From: Mohan Marette  Read Replies (1) of 12475
 
Tapping the old boys' net worth - (Of Free-loaders & Paying 'guests')

The Indian Institutes of Technology successfully take up the funding slack with the help of alumni who feel they owe their alma mater, writes Nandini Lakshman

Kanwal Rekhi,Indian Institue of Technology,Bombay (class of '67) and founder of Excellance, the software start-up he later sold to Novell for $ 200 million.

Persuading Rekhi didn't take much hard sell because he had been thinking on those lines since 1994 when he'd visited his alma mater to attend the silver jubilee of his passing out. "It was very depressing. I remembered a pristine campus and what I saw was a campus falling apart.I felt an obligation to pay back for the free education I received and felt that I would be a freeloader if I didn't," he says.

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