IIT Kanpur's Gangwal School of Medical Sciences received an additional ₹300 crore from Rakesh Gangwal, co-founder of IndiGo, raising his total contribution to ₹400 crore. The funding, announced on August 24, 2026, will support the development of a super-speciality hospital and a cancer care research centre at the institution, according to livemint.com.
The additional funds come as part of Gangwal's ongoing commitment to the Gangwal School of Medical Sciences at IIT Kanpur. The ₹300 crore boost follows an earlier ₹100 crore contribution, bringing the total to ₹400 crore. This financial support is aimed at enhancing the school's infrastructure and research capabilities, with a focus on advanced medical care and cancer research, livemint.com reported.
This investment highlights the growing trend of private contributions to medical education and research in India. Comparable initiatives have seen prominent entrepreneurs backing healthcare infrastructure to address rising demand for specialised medical services. Gangwal's funding is among the largest private donations to a medical institution in the country, underscoring the increasing role of private philanthropy in advancing India's healthcare sector, according to livemint.com.
The Gangwal School of Medical Sciences is expected to expand its facilities significantly with this funding, including the launch of the super-speciality hospital and cancer care centre. The school aims to begin construction and development activities later this year, with the goal of enhancing medical education and patient care capabilities at IIT Kanpur, as detailed by livemint.com.