17/06/2026
Axis Bank partners with BITS Pilani to establish a โน100 crore Industry Research, Technology & Innovation Park in Hyderabad, powering Indiaโs lab-to-market ecosystem
A 120,000 sq. ft. state-of-the-art research and innovation facility, the Axis BankโBITS Industry Research, Technology & Innovation Park, will be established at the BITS Pilani Hyderabad Campus. Designed to advance research in life sciences, biopharma, healthcare, and medical devices, the park is being supported through a โน100 crore CSR grant from Axis Bank. The initiative will serve as a catalyst for deep-tech innovation and translational research, creating a vibrant ecosystem for industry-academia collaboration, entrepreneurship, and technology commercialisation.
Mr Kumar Mangalam Birla, Chancellor, BITS Pilani, said, โThe partnership between BITS Pilani and Axis Bank is exactly the kind of forward-looking collaboration India needs to build stronger innovation systems. The Research Park will help BITS Pilani deepen its work in cutting-edge research and entrepreneurship while also contributing to solutions that can make a meaningful difference to society.โ
Speaking on the occasion, Mr Amitabh Chaudhry, Managing Director & Chief Executive Officer, Axis Bank, said, "Our collaboration with BITS Pilani resonates strongly with our organisational ethos and our commitment to nurturing ecosystems that can solve real-world challenges. As institutions, we share a collective vision of building conscientious leaders equipped with knowledge and the unwavering resolve to make a difference.โ
Prof. V. Ramgopal Rao, Vice-Chancellor, BITS Pilani, said, โThis MoU represents a powerful alignment of vision between academia and industry. The Axis BankโBITS Research Park will help us build precisely such an ecosystem, one that supports faculty-led innovation, nurtures doctoral research, accelerates translation, and prepares our students to solve complex problems at scale.โ
The MoU signing ceremony, held in Mumbai, was formalised by Prof V. Ramgopal Rao and Mr. Abhejit Agarwal in the distinguished presence of Mr. Kumar Mangalam Birla and Mr. Amitabh Chaudhry.