INDIAN INSTITUTE OF TECHNOLOGY BOMBAY
INDIAN INSTITUTE OF TECHNOLOGY BOMBAY Established in 1958, the second of its kind, IIT Bombay was the first to be set up with foreign assistance. The funds from UNESCO came as Roubles from the then Soviet Union. In 1961 Parliament decreed the IITs as 'Institutes of National Importance'. Located in Powai, one of the northern suburbs of Mumbai, the residents of the institute reap the advantage of being in the busy financial capital of India, while at the same time enjoying the serenity of a campus known for its natural beauty. Its blue colour emblem has a lotus supported by a book and ensconced by a partial gear, which bears its name in Devanagari and English. These are supported by a banner bearing its tagline ‘ज्ञानम् परमम् ध्येयम्’ in Sanskrit meaning ‘Knowledge is the Supreme Goal