India, Aug. 18 -- The Lodha Mathematical Sciences Institute (LMSI), a privately-funded maths research institution, was launched on Sunday, with top mathematicians from across the world in attendance.

"India has immense talent, we must identify it, nurture it, and show young people that mathematics can be a viable and rewarding career path. We also want to inspire Indians to think about how mathematics can be introduced to younger students," said Abhishek Lodha, chief executive officer of the Lodha group and the driving force behind the institute, while speaking during the inauguration ceremony.

Based out of the Lodhas' residential and commercial complex at New Cuffe Parade, Wadala, LMSI will be headed by Dr Vijaya Kumar Murty, a doctora...