The Koitas left their corporate careers for philanthropy. Through the Koita Foundation, they use technology to strengthen outcomes in health care and non-profits
Rizwan and Rekha Koita, directors and co-founders, Koita Foundation
Image: Bajirao Pawar for Forbes India
The Koita Centre for Digital Health (KCDH) that Rizwan and Rekha Koita founded at IIT-Bombay, in 2021, by committing ₹25 crore of their personal wealth is a short walk away from the main gate of the campus. En route, they pass Café ’92, a popular haunt for students, which Rekha had taken the lead to build after fundraising from her batchmates. The café is named after the batch of 1992, the year Rizwan graduated from IIT-Bombay with a degree in electrical engineering, and Rekha in metallurgical engineering. Many years later, after Rizwan and Rekha decided to leave behind their career as a startup founder and management consultant, respectively, to walk steadfast towards philanthropy, their alma mater was among the most obvious starting points for a collaboration.
“We feel indebted to IIT-Bombay,” says Rizwan, adding that they had been involved in several projects on campus over the years, including contributing to set up a health care innovation fund when he was leading the healthtech unicorn CitiusTech. The startup had close to 9,000 professionals and around ₹4,000 crore in revenue when he decided to step down as CEO in 2021.
Rizwan, who had the distinction of being the first non-MBA recruit by McKinsey in the 1990s before he turned entrepreneur, says he started thinking more seriously about getting into philanthropy when he turned 50. Rekha had already taken the plunge in the mid-2010s, spending time with non-profits to understand the issues they faced, and see how she can use her skills to build capacity and scalability in those organisations. “I always wanted to use my skills in the social sector, but did not know what exactly to do for many years. Then I found that many of the challenges they face could be solved by using technology,” she says. Rekha eventually took on the role full time when they started the Koita Foundation in 2016.
While Rekha primarily works with non-profits in the education, health care and livelihoods space, Rizwan puts his experience of running a healthtech startup to work with government, health care institutions and national-level organisations to support technology initiatives in the health care sector. The importance of technology in health care became evident to the Koitas particularly in the wake of the pandemic, spurring them to take action. Today, their Foundation works with close to 25 non-profits, and has collaborations with 10-odd organisations, like the Tata Memorial Centre, Ashoka University and the Maharashtra University of Health Sciences (MUHS).
While writing cheques is part of their philanthropic strategy, it is not the defining factor. “We still don’t have a fixed corpus. We have committed that we will not be a grant-making entity, but be closely involved with all the initiatives we undertake,” says Rizwan. “The limiting factor for us is not money, it is time.”
(This story appears in the 07 March, 2025 issue of Forbes India. To visit our Archives, click here.)