With the dawn of Independence, the need for establishing a sound technological basis for proper industrial advancement of the country was realised. Towards the fulfilment of this need, a number of Engineering Institutions were established by several State Governments. It was at this juncture that Mr.C.Rajam, with his characteristic pioneering spirit, patriotic fervor and unwavering enthusiasm came up with a munificent donation of Rs. 5 lakhs through the sale of his house and founded the MIT, with the blessings of the Sage of Kanchi, the Jagadguru Sankaracharya Swamigal. In this noble effort, Mr.Rajam enjoyed the inspired assistance of a few distinguished citizens, notably Subbaraya Aiyar, M.K. Ranganathan, L.Venkatakrishna Iyer, K.Srinivasan and C.R. Srinivasan and also generous donations from the public and industries. Thus in July 1949, the MIT was established as an All India Technological Institution with the two-fold objectives of providing
1. Engineering education of University standard in specialised fields and
2. Facilities for research in these and allied fields, free from regional limitations both in regard to its staff and students.