IDFC bank MD Vaidyanathan gifts ₹30 lakh to his Teacher to express his gratitude

As a token of gratitude, CEO of IDFC First Bank, Mr. V Vaidyanathan, being lauded widely on social media for gifting shares of his bank worth Rs 30 Lakh to his former school teacher.

As soon as the post about his ex-math teacher from school receiving thousands of shares was shared, the news went viral. “We wish to inform you that Mr. V. Vaidyanathan has transferred 1,00,000 fully paid-up equity shares of IDFC FIRST Bank Limited held by him in his personal capacity to his former school teacher, Mr. Gurdial Saroop Saini, as a gift, without any consideration as a token of gratitude for his teacher’s help to him at an earlier stage in his life,” the post read.

It is said that Vaidyanathan had to struggle a lot in his school days. According to a Facebook post by publisher Maheshwar Peri, Vaidyanathan was struggling with money when he qualified for the engineering course at Birla Institute of Technology (Mesra). He was running out of money and he had to reach the college for the interview and complete the admission formalities. That was when his math teacher Gurdial Saini lent him Rs 500.

It was because of that gesture that Vaidyanathan could study well in this reputed institute and become successful in his life. Since then Vaidyanathan could not meet him again. However, he wanted to meet him again in order to repay his debt of gratitude. Eventually, the CEO found his guru in Agra with the help of a former colleague after so many years.

However, being the faithful banker that he is, Vaidyanathan made sure to pay back the amount along with the added interest. So, recently, when his bank made a regulatory filing to the stock exchange, he gifted his teacher some shares worth Rs 30 lakh!

The post has gone viral in no time and has garnered over 1,800 likes and many people are appreciating Vaidyanathan’s gesture. Education is not what is noble; noble are those who are educators. In Vaidyanathan’s case, he’ll forever be indebted to the teacher who believed in his potential and helped him at his lowest. This incidence shows that the unbreakable and true bond between a teacher and the student is not a myth.

Writer, historian, and activist Dharam Sikarwar is a very active author The Youth. He writes on national and international issues, environment, politics. He is an avid book reader as well.