Taraknath Palit gave away his life savings to fund a science professorship. He never got to see who filled it. Three years after his death, a young physicist named C.V. Raman took the post, and went on to win India’s first Nobel Prize in science.

A Barrister Who Funded a Nobel Prize Need to Know
- Sir Taraknath Palit (1831–1914) was a Bengali barrister and philanthropist, the only son of the wealthy Kalisankar Palit.
- He studied at Hindu School in Kolkata, then read law in England. He returned in 1871 and built a legal practice as a barrister.
- In 1912, he executed trust deeds donating Rs 15 lakh, his life savings, to Calcutta University for science education.
- That donation endowed the Palit Professor of Physics chair. C.V. Raman became its first holder in 1917, and later discovered the Raman Effect while holding it.
- Raman won the 1930 Nobel Prize in Physics for that discovery, 18 years after Palit’s original donation. Palit himself was knighted on 1 January 1913, and died the next year, on 3 October 1914.
A Falling Out, and a Shared College Good to Know
- Palit was present at the founding of the National Council of Education in 1906. He helped establish the Bengal Technical Institute alongside Rashbehari Ghosh, Bhupendra Nath Bose, and Nilratan Sircar.
- He later fell out with the Council, and by around 1909-10 had withdrawn his support from it. He redirected his philanthropy toward Calcutta University instead.
- Sir Rashbehari Ghosh, another lawyer-philanthropist, made a separate but complementary donation. It went to the same University College of Science that Palit’s gift created, not to a different institution.
- Palit’s donation funded the college’s Ballygunge campus, still informally called Ballygunge Science College. Ghosh’s donation funded its Rajabazar campus. Both remain part of Calcutta University today.
- Palit died just months after his college formally opened on 27 March 1914, never seeing the Palit Professorship actually filled.
Test Yourself
A Chair That Still Exists Great to Know
- Palit’s donation is a clear example of Swadeshi-era philanthropy directly shaping India’s scientific future. This happened years before independence, and long after the donor’s own death.
- The Palit Professor of Physics chair remains a recognised academic post at Calcutta University today. It still carries the name of the man who funded it over a century ago.
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