New York, USA: Victor Menezes, a pioneering figure in global finance and philanthropy, passed away on February 3 in Florida at the age of 77. Renowned for co-founding the American India Foundation (AIF) in 2001 in the aftermath of the Bhuj earthquake, Menezes played a pivotal role in transforming lives across India by promoting education, healthcare, and economic development. Under his leadership, AIF has reached nearly 19 million individuals, uplifting marginalized communities through sustainable social initiatives.
Born in Pune, India, Menezes earned his electrical engineering degree from the Indian Institute of Technology Bombay before moving to the United States, where he obtained a finance degree from MIT’s Sloan School of Management. His illustrious career at Citigroup, where he retired as senior vice chairman after over 30 years, showcased his expertise in global financial markets. Beyond his banking career, Menezes was deeply involved in philanthropic endeavors, contributing to educational and social institutions including MIT Corporation, Catholic Charities, Eisenhower Fellowships, ETS, IIT Bombay, and INSEAD.
In addition to his professional accomplishments, Menezes was celebrated for his generous spirit. Notably, he donated $3 million to IIT Bombay to establish a convention center, underscoring his commitment to fostering education and community development. His legacy is remembered not only for his financial acumen but also for his empathetic leadership and dedication to social transformation.
He is survived by his wife, Tara—a former Miss India and Miss Asia-Pacific titleholder—and their four children. As tributes pour in from colleagues and beneficiaries alike, Victor Menezes is honored for his unwavering commitment to human dignity and his lasting impact on communities in India and beyond.