-The Endowment is being set up by the family of the late Mr. N. Venkataramani, who was the Chairman and Managing Director of India Pistons & was a Fellow of The Institute of Mechanical Engineers

CHENNAI: ‘Venkataramani Fellowship in Clean Energy and Green Mobility’ has been established at IIT Madras to encourage and motivate graduate students to undertake research in the areas of Clean Energy and Green Mobility. The Endowment is being set up by the family of the late Mr. N. Venkataramani, who was the Chairman and Managing Director of India Pistons and was a Fellow of The Institute of Mechanical Engineers
A MoU towards setting up the Endowment with a sum of Rs. 50 lakh for this Fellowship was signed today (4th Aug 2021) by Prof. Mahesh Panchagnula, Dean (Alumni and Corporate Relations), IIT Madras, and Mrs. Sita Venkataramani on behalf of Amalgamations Inc and the Venkataramani family, in the presence of Prof. Bhaskar Ramamurthi, Director, IIT Madras, other officials and family members of Shri. Venkataramani.
Recalling Shri N. Venkataramani’s contributions, Mrs. Sita Venkataramani said, “This Fellowship established at IIT Mdras reflects the passion that Mr. Venktaramani had during his professional life in encouraging young engineers to further their knowledge in areas that are important to society.”
Dr. R. Mahadevan, Director India Pistons and an alumnus of IIT Madras, outlined the various initiatives that Mr. Venkataramani had taken in the Amalgamations Group in the areas of Clean Energy and Green Mobility. Mr Ram Venkataramani and Mr. Gautam Venkataramani shared the steps that are being taken in the component companies to implement their father’s vision.
This Fellowship will provide monthly scholarship to the two graduate students of the MSc, MS, MTech and/or PhD programs for two years consecutively. Speaking on the occasion, Prof. Bhaskar Ramamurthi, Director, IIT Madras, said, “IIT Madras is honoured to receive this gift in the memory of one of Tamil Nadu’s automotive industry captains, the late Shri N Venkataramani. Clean Energy and Green Mobility are very important for India and the world, and this Fellowship will enable bright young minds to take up the study of and research in these fields.” Prof. Mahesh Panchagnula, Dean (Alumni and Corporate Relations), IIT Madras, said, “We are honoured to be associated with the legacy of Mr. Venkataramani, a doyen of Indian industry, through this scholarship. Students of IIT Madras will benefit from the scholarship in clean energy and green mobility.”