{"id":20210,"date":"2026-09-04T10:46:55","date_gmt":"2026-09-04T10:46:55","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=20210"},"modified":"2026-09-04T10:46:55","modified_gmt":"2026-09-04T10:46:55","slug":"in-1979-rahul-mehtas-parents-sold-all-their-gold-and-silver-to-pay-for-his-first-semester-in-america-decades-later-he-funded-8-schools-across-6-iits","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=20210","title":{"rendered":"In 1979, Rahul Mehta&#8217;s parents sold all their gold and silver to pay for his first semester in America; decades later, he funded 8 schools across 6 IITs"},"content":{"rendered":"<p><br \/>\n<\/p>\n<div>\n<div class=\"e9jwa\">\n<div class=\"vdo_embedd\">\n<div class=\"GfdvZ\">\n<section class=\"_bIDB  clearfix id-r-component leadmedia undefined undefined  E9tg9 \" style=\"top:0px\">\n<div class=\"_bIDB\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">\n<div class=\"ypVvZ\">\n<div class=\"WGttI\"><img src=\"https:\/\/static.toiimg.com\/thumb\/msid-133755044,imgsize-159240,width-400,height-225,resizemode-4\/rahul-mehta.jpg\" alt=\"In 1979, Rahul Mehta's parents sold all their gold and silver to pay for his first semester in America; decades later, he funded 8 schools across 6 IITs\" title=\"Rahul Mehta sold four companies, then gave it all to build schools at IITs. (AI-generated sketch)\" decoding=\"async\" fetchpriority=\"high\"\/><\/div>\n<\/div>\n<\/div>\n<div class=\"Ta7d_ img_cptn\"><span title=\"Rahul Mehta sold four companies, then gave it all to build schools at IITs. (AI-generated sketch)\">Rahul Mehta sold four companies, then gave it all to build schools at IITs. (AI-generated sketch)<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n<p>What would you do if you had already built and sold four companies, made enough money to stop working and reached what you considered your \u201cenough number\u201d? For Rahul Mehta, the answer was not another company, a bigger house or more wealth.<!-- --> He decided to invest his time and resources in something he believed could have a longer-lasting impact: education.<span class=\"id-r-component br\" data-pos=\"3\"\/>Mehta, who left India for the US at 17 with money his parents raised by selling their gold and silver, went on to build and sell four companies in America. Years later, he returned to India with a very different goal \u2014 helping strengthen the country&#8217;s intellectual capital. Through the Bhupat and Jyoti Mehta Family Foundation, named after his parents, he has supported the creation of schools and programmes at several IITs, spanning biotechnology, AI, data science, health sciences and sustainability.<span class=\"id-r-component br\" data-pos=\"7\"\/><\/p>\n<p><h2>His parents sold their gold to send him to America<\/h2>\n<\/p>\n<p>Mehta&#8217;s journey began in a lower-middle-class family in Mumbai. His parents had no formal education, while his father was involved in small textile businesses.<span class=\"id-r-component br\" data-pos=\"10\"\/>When 17-year-old Mehta decided he wanted to study in the US, his parents could not simply fund an international education. Instead, they sold the gold and silver they had accumulated to pay for his first semester.<span class=\"id-r-component br\" data-pos=\"12\"\/>He arrived in Houston in 1979 with enough money for roughly one semester and began working on campus almost immediately.<span class=\"id-r-component br\" data-pos=\"15\"\/>There were times when money was so tight that food itself became a challenge. Mehta recalled surviving on inexpensive frozen pizza while studying.<span class=\"id-r-component br\" data-pos=\"17\"\/>But that experience also shaped his approach to money, work and eventually philanthropy.<span class=\"id-r-component br\" data-pos=\"19\"\/><\/p>\n<p><h2>Four companies, four exits \u2014 and no venture capital<\/h2>\n<\/p>\n<p>After completing his education, Mehta did not follow the traditional route of joining a large company.<span class=\"id-r-component br\" data-pos=\"22\"\/>He started his own technology business, building an interface between Oracle and SAS. <!-- -->The company grew to around 80 employees, but Mehta chose to bootstrap it rather than borrow money or raise venture capital.<span class=\"id-r-component br\" data-pos=\"26\"\/>He eventually sold the company in 1996.<span class=\"id-r-component br\" data-pos=\"28\"\/>Instead of retiring after his first major financial success, he started another company. Then another. His businesses were subsequently sold to major technology companies including HP, Veritas and Brocade.<span class=\"id-r-component br\" data-pos=\"30\"\/>By 2006, Mehta had decided that he had accumulated enough.<span class=\"id-r-component br\" data-pos=\"33\"\/>That was when his definition of success began to change.<span class=\"id-r-component br\" data-pos=\"35\"\/><\/p>\n<p><h2>\u201cMoney is not the answer\u201d; why Mehta chose education<\/h2>\n<\/p>\n<p>Mehta believes wealth eventually reaches a point where accumulating more of it has diminishing meaning.<span class=\"id-r-component br\" data-pos=\"38\"\/>\u201cAt some point, you realise you aren\u2019t going to spend it all,\u201d he said in the YourStory interview.<span class=\"id-r-component br\" data-pos=\"40\"\/>For him, the more valuable resource was time.<span class=\"id-r-component br\" data-pos=\"42\"\/>\u201cWhat you don\u2019t have in life is time,\u201d he said.<span class=\"id-r-component br\" data-pos=\"44\"\/>That philosophy became central to his approach to giving.<span class=\"id-r-component br\" data-pos=\"46\"\/>Mehta describes philanthropy through three words: Time, Talent and Treasure \u2014 in that order.<span class=\"id-r-component br\" data-pos=\"49\"\/>The idea challenges the assumption that philanthropy is primarily about writing large cheques. According to Mehta, people who do not have significant wealth can still contribute through their time and expertise.<span class=\"id-r-component br\" data-pos=\"51\"\/><\/p>\n<p><h2>Why IITs became central to his education mission<\/h2>\n<\/p>\n<p>Mehta&#8217;s first major education initiative in India emerged after a visit to IIT Madras.<span class=\"id-r-component br\" data-pos=\"54\"\/>A conversation with the institute&#8217;s leadership eventually contributed to the establishment of the Bhupat and Jyoti Mehta School of Biosciences and Bioengineering at IIT Madras, named after his parents.<span class=\"id-r-component br\" data-pos=\"57\"\/>The project demonstrated something Mehta would encounter repeatedly: meaningful educational change takes time.<span class=\"id-r-component br\" data-pos=\"59\"\/>Building academic programmes involves recruiting faculty, creating infrastructure, developing curriculum and waiting for students to graduate and enter the workforce.<span class=\"id-r-component br\" data-pos=\"61\"\/>But that long timeline is precisely what attracted Mehta to education.<span class=\"id-r-component br\" data-pos=\"63\"\/>Since then, the foundation has supported academic initiatives at multiple IITs, including programmes related to data science, artificial intelligence, health sciences and sustainability.<span class=\"id-r-component br\" data-pos=\"66\"\/>One of the recent areas of focus has been sustainability education, including a BTech programme at IIT Indore.<span class=\"id-r-component br\" data-pos=\"68\"\/><\/p>\n<p><h2>He saw AI coming before it became impossible to ignore<\/h2>\n<\/p>\n<p>Mehta&#8217;s approach to education is also based on anticipating what India will need in the future.<span class=\"id-r-component br\" data-pos=\"71\"\/>He had advocated for data science and AI-focused education before the technologies became mainstream. In 2018, he reportedly pitched the idea of dedicated schools in these areas, but the response was limited.<span class=\"id-r-component br\" data-pos=\"74\"\/>Then generative AI exploded into public attention.<span class=\"id-r-component br\" data-pos=\"76\"\/>The arrival of tools such as ChatGPT suddenly made the importance of artificial intelligence far more obvious to universities and students.<span class=\"id-r-component br\" data-pos=\"78\"\/>For Mehta, however, the underlying question had remained the same: What skills will India need a decade from now?<span class=\"id-r-component br\" data-pos=\"80\"\/><\/p>\n<p><h2>His bigger bet: India&#8217;s intellectual capital<\/h2>\n<\/p>\n<p>Mehta&#8217;s education philosophy extends beyond individual IIT campuses.<span class=\"id-r-component br\" data-pos=\"83\"\/>He believes countries become economically stronger when they invest in intellectual capital \u2014 people with the education and skills needed to create new businesses, technologies and solutions.<span class=\"id-r-component br\" data-pos=\"86\"\/>His foundation has set a target of producing 12,000 graduates by 2031, with many expected to come from smaller towns and families without a long history of higher education.<span class=\"id-r-component br\" data-pos=\"88\"\/>The thinking is straightforward: educate a student, improve their employment prospects, and the impact can extend to their family and community.<span class=\"id-r-component br\" data-pos=\"90\"\/>For a first-generation college student, a degree can represent more than academic achievement. <!-- -->It can change the family&#8217;s economic trajectory.<span class=\"id-r-component br\" data-pos=\"94\"\/><\/p>\n<p><h2>The lesson for students \u2014 and everyone else<\/h2>\n<\/p>\n<p>Mehta&#8217;s story ultimately goes beyond IITs or philanthropy.<span class=\"id-r-component br\" data-pos=\"97\"\/>It raises a question that students, parents and professionals can ask themselves: What does success mean after you have achieved your original financial goal?<span class=\"id-r-component br\" data-pos=\"100\"\/>For Mehta, the answer shifted from building companies to building educational opportunities.<span class=\"id-r-component br\" data-pos=\"102\"\/>His journey from a teenager whose parents sold their jewellery to fund his first semester in America, to an entrepreneur who sold four companies, and finally to an education philanthropist supporting programmes at IITs, illustrates a different way of measuring achievement.<span class=\"id-r-component br\" data-pos=\"105\"\/>The most striking lesson may not be how much money he donated.<span class=\"id-r-component br\" data-pos=\"107\"\/>It is his argument that time, talent and knowledge can sometimes be more valuable contributions than money alone.<span class=\"id-r-component br\" data-pos=\"109\"\/>And in education, where the results of an investment may take years to appear, that may be the most important resource of all.<span class=\"id-r-component br\" data-pos=\"111\"\/><span class=\"strong em\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">Disclaimer: <\/span><span class=\"em\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">This article is based on publicly available information and the YourStory report. <\/span><span class=\"strong em\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">TOI Education <\/span><span class=\"em\" data-ua-type=\"1\" onclick=\"stpPgtnAndPrvntDefault(event)\">has not independently verified all claims mentioned above.<\/span><\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/timesofindia.indiatimes.com\/education\/news\/in-1979-rahul-mehtas-parents-sold-all-their-gold-and-silver-to-pay-for-his-first-semester-in-america-decades-later-he-funded-8-schools-across-6-iits\/articleshow\/133754795.cms\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Rahul Mehta sold four companies, then gave it all to build schools at IITs. (AI-generated sketch) What would you do if you had already built and sold four companies, made enough money to stop working and reached what you considered your \u201cenough number\u201d? For Rahul Mehta, the answer was not another company, a bigger house [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":20211,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-20210","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-31"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/rahul-mehta.jpg","medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/rahul-mehta.jpg","medium_large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/rahul-mehta.jpg","large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/rahul-mehta.jpg","1536x1536":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/rahul-mehta.jpg","2048x2048":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/rahul-mehta.jpg","blogsy-small":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/rahul-mehta.jpg","blogsy-small-tall":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/rahul-mehta.jpg","blogsy-small-square":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/rahul-mehta.jpg","blogsy-small-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/rahul-mehta.jpg","blogsy-medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/rahul-mehta.jpg","blogsy-medium-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/rahul-mehta.jpg","blogsy-large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/rahul-mehta.jpg","blogsy-wide":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/rahul-mehta.jpg"},"magazineBlocksPostAuthor":{"name":"admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"Rahul Mehta sold four companies, then gave it all to build schools at IITs. (AI-generated sketch) What would you do if you had already built and sold four companies, made enough money to stop working and reached what you considered your \u201cenough number\u201d? 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