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The president of Berkshire Hathaway Insurance Group and IIT-Kharagpur alumnus Ajit Jain has donated stocks of the company to IITKGP Foundation US for his alma mater.
An executive body member of IITKGP US Foundation said today till very recently the institute had been receiving only monetary donations.
However, in a recent development IITKGP has been encouraging donation of stocks and shares to the institution, an IITKGP spokesperson said.
Ajit Jain, distinguished alumnus of IITKGP has held various positions at top-tier management consultancy McKinsey & Company until 1986 when he joined Berkshire Hathaway.