Edit: it seems you were right. Apparently they have received big donations from ex-alumni including the co-founder of infosys and the founder of Fairfax Financial Holdings. Pretty cool!
The centre will power a large-scale multi-disciplinary effort to map human brains at cellular level. It is supported by Infosys co-founder and IIT Madras’ Distinguished Alumnus Kris Gopalakrishnan and his wife Sudha Gopalakrishnan. Since 2014, Gopalakrishnan has been involved in seeding research at the institute at the intersection of neuroscience and engineering.
And yes, if you have more than .. 84 candidates, your process would be more selective. However, I think the fair comparison would be .. say .. the MIT?
On the same year, the MIT got 29,282 applications and admitted 1,324 students
So if you apply to the MIT you’re more than 3 times likelier to get accepted.
Speaking anecdotally, of course.