New Delhi, June 17, 2026: Axis Bank has signed a Memorandum of Understanding (MoU) with BITS Pilani to establish the Axis Bank–BITS Industry Research, Technology & Innovation Park at the BITS Pilani Hyderabad Campus. Supported through a ₹100 crore CSR grant from Axis Bank, the initiative aims to strengthen India’s research, innovation, and entrepreneurship ecosystem by promoting deeper collaboration between academia and industry.
The proposed research park will focus on sectors such as life sciences, biopharma, healthcare, and medical devices, with an emphasis on accelerating translational research and supporting the development of affordable healthcare solutions. Located in Hyderabad, the facility will benefit from its proximity to Telangana’s life sciences ecosystem, including Genome Valley.
Under the partnership, BITS Pilani will guide the governance and research agenda of the facility, while Axis Bank will support infrastructure development.
Spread across approximately 120,000 square feet, the research and innovation park will house laboratories, incubation spaces, and shared facilities designed to support startups, MSMEs, researchers, and academic innovators. The facility will also facilitate technology transfer, intellectual property management, and industry-academia collaborations aimed at bringing research-led innovations closer to commercial deployment.
Mr. Kumar Mangalam Birla, Chancellor, BITS Pilani, said, “The 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. It is encouraging to see academic and industry leaders come together with a shared commitment to research, talent development and lasting national impact.”
Mr. Amitabh Chaudhry, Managing Director & Chief Executive Officer, Axis Bank, said, “At Axis Bank, we believe that the future of inclusive and sustainable progress lies at the intersection of knowledge, innovation, and purpose. Our collaboration with BITS Pilani resonates strongly with our organizational 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.”
Prof. V. Ramgopal Rao, Vice-Chancellor, BITS Pilani, added, “This MoU represents a powerful alignment of vision between academia and industry. At BITS Pilani, we have always believed that the future of higher education lies in creating ecosystems that are interdisciplinary, research-intensive, and deeply connected to society and industry. The Axis Bank–BITS 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.”
The initiative aligns with national priorities such as Atmanirbhar Bharat and Make in India, while seeking to strengthen India’s capabilities in deep-tech innovation, healthcare research, and technology commercialization.
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