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Infosys Foundation Commits INR 30 Crore to Chennai Mathematical Institute - Strengthens efforts focused on education and research in Mathematics; Grant to enhance faculty compensation and fellowships for students - Infosys.com
Infosys Foundation Commits INR 30 Crore to Chennai Mathematical Institute

 

NewswireToday - /newswire/ - Chennai, Tamil Nadu, India, 2014/09/05 - Strengthens efforts focused on education and research in Mathematics; Grant to enhance faculty compensation and fellowships for students - Infosys.com. NYSE: INFY

   
 
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The Infosys Foundation, the corporate social responsibility (CSR) arm of Infosys, has constituted a corpus of INR 30 crores for the Chennai Mathematical Institute (CMI). This corpus will be used to enhance faculty compensation and support fellowship requirements for research students. In addition, the grant will enable CMI to invite distinguished mathematicians from across the world to mentor students and boost the institute’s quality of research.

In recent years, CMI has attracted a number of young faculty members. It has also seen a welcome trend of students returning for postgraduate studies after gaining work experience. The corpus from the Infosys Foundation will allow CMI to provide its faculty members with facilities such as housing and standard benefits like health coverage. It will also help the institute to increase scholarships at the Masters and Doctoral levels to attract greater number of talented students.

“Infosys and the Foundation are committed to enriching higher education and research across disciplines including mathematics and science. We also believe that motivated professors are key to encouraging students to push the realms in research. We are honored that our contribution can help CMI to attract the best and the brightest teachers and students,” said Dr. Sudha Murty, Chairperson, Infosys Foundation.

“CMI has established itself as a center of excellence and the preferred destination for students who wish to pursue mathematics. The corpus created by Infosys Foundation will allow us to expand our teaching programs to other areas related to the mathematical sciences. It will also help us improve the quality and quantity of postgraduate teaching and research faculty,” said Professor Rajeeva Karandikar, Director, Chennai Mathematical Institute.

As part of its efforts to support research and increase public awareness of mathematics as an intellectual discipline, Infosys has undertaken various other initiatives. These are aimed at building a strong talent pool of mathematicians and prepare them for exciting career opportunities in research and data analytics.

In August 2014, the Infosys Science Foundation (ISF) organized 'Gnanadeepa’. This workshop trained over 680 middle school mathematics and science teachers from rural Karnataka in a four-point framework that can be used as a tool to effectively teach concepts in mathematics and science. The company has also instituted a prize to encourage research in mathematics under the aegis of the Infosys Prize. Past winners of this prize include mathematicians like Dr. Manjul Bhargava, R. Brandon Fradd Professor of Mathematics at Princeton. Infosys sponsored the International Mathematical Union’s Leelavati Prize to recognize outstanding public outreach work for mathematics in 2014. This award was accorded to Adrian Paenza for his contributions in changing and influencing the way Argentinians perceive mathematics in their daily life. The company has also provided a grant of approximately INR 2.1 crore (US$ 350,000) to the New York Academy of Sciences to support their After School Mentoring Program in the areas of science, technology, engineering and mathematics.

Founded in 1989, CMI has an impressive track record in the field of mathematics and computer science. Its programs are rated among the top in India. Very recently, Arul Shankar, who did his undergraduate studies at CMI, was named in the citation for the 2014 Fields Prize winner, Dr. Manjul Bhargava. Arul Shankar did his PhD with Manjul Bhargava as his advisor at Princeton University.

About Infosys
Infosys (infosys.com) is a global leader in consulting, technology and outsourcing solutions. We enable clients, in more than 30 countries, to stay a step ahead of emerging business trends and outperform the competition. We help them transform and thrive in a changing world by co-creating breakthrough solutions that combine strategic insights and execution excellence.

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Certain statements in this release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the 'safe harbor' under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, industry segment concentration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks or system failures, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which Infosys has made strategic investments, withdrawal or expiration of governmental fiscal incentives, political instability and regional conflicts, legal restrictions on raising capital or acquiring companies outside India, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2014 and on Form 6-K for the quarter ended June 30, 2014. These filings are available at sec.gov. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that the date of this press release is mentioned at the beginning of the release, and any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of this date. The company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the company unless it is required by law.

 
 
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Infosys Foundation Commits INR 30 Crore to Chennai Mathematical Institute

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Publisher Contact: Sarah Vanita Gideon - Infosys.com 
+91 80 41563373 Sarah_Gideon[.]infosys.com
 
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