Chandigarh: 19th December, 2023-In an unprecedented move indicative of the changing times, Punjab Engineering College, Chandigarh, and its esteemed alumnus Mr. Tim Guleri, joined forces virtually through an online Memorandum of Understanding (MoU) signing ceremony conducted over Zoom on 19/12/2023 at 11:00 AM IST. Dr. Baldev Setia, the Director of PEC, officially inked the agreement on behalf of the institution. Dr. Rajesh Kanda, Head Alumni Corporate & International Relations initiated the meeting with the introduction of Mr. Guleri & expressed his gratitude to him for this philanthropic gesture of having a ever-lasting association with his Almamater PEC, Chandigarh. Dr. Jimmy Karloopia (Professor-in-Charge, Alumni Corporate & International Relations) also witnessed this remarkable event along with other staff members of Alumni office. The online ceremony marked a historic moment as both parties embraced technology to solidify their commitment to collaboration in the fields of education, research, and innovation. Mr. Guleri has initiated a scholarship in the name of his late father and his mother, entitled as, ''Lt. Col. S.C.S Guleri and Shama Guleri 'Keep Rising' Merit Scholarship.''

As part of the MoU, Tim Guleri, Managing Partner at Sierra Ventures, USA, has made a generous financial contribution of Rs. 1,02,00,000 to Punjab Engineering College. This significant contribution will fund scholarships for eight economically weaker yet academically brilliant students, further emphasizing the commitment to fostering education and inclusivity.

Dr. Baldev Setia, Director of Punjab Engineering College, expressed enthusiasm and gratitude for Tim Guleri's philanthropic gesture, stating, "We are deeply appreciative of Mr. Guleri's commitment to supporting the educational aspirations of our students. This contribution will make a significant impact on the lives of eight deserving students, allowing them to focus on their studies and achieve academic excellence."

Tim Guleri, an alumnus of the Class of 1986 in Electrical Engineering at PEC, remarked, "Signing the MoU virtually brings back memories of my time at Punjab Engineering College. "Education has the power to transform lives, and I am honored to contribute to the education of promising students at Punjab Engineering College. These scholarships are an investment in the future, and I believe that by supporting talented individuals, we can unlock their full potential and contribute to the development of our society."