Alumnus Ajit Jain donates Berkshire Stocks to IITKGP US Foundation

In a unique gesture, Shri Ajit Jain of Berkshire Hathaway donated stocks of Berkshire to the IITKGP US Foundation for his Alma Mater IIT Kharagpur (IITKGP). The news was confirmed by Foundation office on July 10.

Ajit Jain, a distinguished alumnus of IIT Kharagpur, graduated with B.Tech. in Mechanical Engineering in the year 1972. In 1978, he moved to the United States, where he earned an MBA from Harvard University. After graduation, he held various positions at top tier management consultancy, McKinsey & Co., up until 1986 when he joined Berkshire Hathaway. 

Ajit Jain is the President of Berkshire Hathaway Insurance group and leads several other insurance companies housed inside the broader Berkshire Group. Warren Buffett has described Jain as having the intelligence to rate most risks properly, the realism to forget about those t