The IITs were formed by an Act of Parliament in 1950 on the recommendations of the SARKAR Committee Report. The objective of the IITs was to produce highly-skilled technocrats, researchers and innovators who would spearhead the technological developments of our nation. By 1961, 5 IITs were established at Kharagpur, Mumbai, Chennai, Kanpur and Delhi and admissions were granted on the basis of an Entrance exam called IIT-JEE from 1960. By 2015, there are 19 IITs in India. The IITs have an alumni base of over 2 lacs as in 2015 whose impact on the nation and the globe is momentous. Though a majority of IITians have secured a stable career path with a good job in a large private or Govt. company, a remarkable number of IITians have excelled as Entrepreneurs, Innovators, Researchers, Civil Servants and change agents. The Pan-IIT Alumni report 2008 prepared by Zinnov Management Consulting suggests that IITians have been involved in the creation of 2 crore new jobs globally whic