Analyzing Annual Reports of IITs!
I analyzed the annual reports of 5 IITs: Namely IIT Bombay, Delhi, Madras, Kharagpur & Kanpur. The findings were interesting and pretty insightful into institute-level administration. Some of the unique observations I had include:
1. Indian Institute of Technology, Bombay has the highest income (~901 Crore INR), as well as expenditure (~951 Crore INR) among all the IITs. More funds enable better equipment and research facilities and prospects for growth.
2. Indian Institute of Technology, Kanpur is the only cash positive IIT in the last fiscal year, with an 11.5% surplus (~91 Crore INR); whereas IIT Delhi has a 25% deficit (~165 Crore INR) when comparing income to expenditure.
3. I went through the annual reports of the University of Warwick (UK), and they had an 8.27x higher annual income compared to the richest IIT. This displays why people tend to have a liking towards foreign institutions for masters and Ph.D., due to proper capital infusion into projects. Another surprising fact is that the annual capital expenditure at the University of Warwick is just 17.36% of the total income!
The annual reports had multiple interesting points which could be analyzed further. For instance, calculating income and expenditure per student, % of sponsored research and R&D expenses and comparing returns from investments as we have heard how MIT & Yale University have funds which have contributed very well to the institutions’ income lately.
Happy to hear your thoughts in the comments!
Sources: Official Websites of all the IITs mentioned.