IIT Madras to Monetise Indo MIM Stake

Indian Institute of Technology Madras (IIT Madras) is set to earn a significant amount of money from the upcoming Initial Public Offering (IPO) of Indo-MIM Pvt. Ltd.. The institute plans to monetise around half of its total holding in the company, which is valued at nearly ₹140 crore.

Indo MIM Ltd. is a leading company that provides complete solutions for manufacturing precision engineering components. These components are used in industries such as automotive, aerospace, defence, and consumer products. The company uses Metal Injection Moulding (MIM) technology, which allows it to produce small and complex metal parts with high accuracy and quality.

The company’s promoter, Krishna Chivukula, is an alumnus of IIT Madras. In recognition of the institute’s role in shaping his career and supporting innovation, he gifted a 1% stake in Indo MIM to IIT Madras. This contribution has now become highly valuable as the company prepares to go public.

Indo MIM is currently known as one of the largest manufacturers in the world of precision engineering components made using MIM technology. The upcoming IPO is expected to further strengthen the company’s position in the global market.

For IIT Madras, this move highlights the growing impact of its alumni and its strong connection with industry. The funds raised from selling part of its stake could support research, innovation, and development activities at the institute.