The Indian Institute of Science (IISc) is a public, deemed, research university for higher education and research in science, engineering, design, and management. It is located in the southern Indian city of Bangalore, Karnataka. The institute was established in 1909 with active support from Jamsetji Tata and thus is also locally known as the Tata Institute. It was granted a deemed university status in 1958 and recognized as an Institute of Eminence in 2018.

Mir Osman Ali Khan, Asaf Jah VII was the last Nizam (ruler) of the Princely State of Kingdom of Hyderabad, the largest state in British India. He ascended the throne on 29 August 1911, at the age of 25 and ruled the Kingdom of Hyderabad between 1911 and 1948, until India annexed it. He was styled as His Exalted Highness (H.E.H) the Nizam of Hyderabad, and was widely considered one of the world's wealthiest people of all time. With some estimates placing his wealth at 2% of U.S. GDP, his portrait was on the cover of Time magazine in 1937. As a semi-autonomous monarch, he had his mint, printing his currency, the Hyderabadi rupee, and had a private treasury that was said to contain £100 million in gold and silver bullion, and a further £400 million of jewels. The major source of his wealth was the Golconda mines, the only supplier of diamonds in the world at that time. Among them was the Jacob Diamond, valued at some £50 million, and used by the Nizam as a paperweight.