Prof. Jhunjhunwala is considered a pioneer in nurturing Industry-Academia interaction in India towards R&D, Innovation and Product Development. He conceived and built India’s first university-affiliated business park (IIT Madras Research Park). He incubated and nurtured more than 200 companies at IIT Madras. Prof. Jhunjhunwala was a Director on the board of State Bank of India, Bharat Electronics Limited, HTL, NRDC, IDRBT, BIRAC, VSNL, BSNL, Tata Communications, Mahindra Electric and Tejas Networks. He is currently the Chairman of Technology Advisory Group of Securities Exchange Board of India and Chairperson of the Board of Governors of IIIT Kottayam and College of Engineering, Trivandrum.

Prof. Jhunjhunwala was conferred Padma Shri by the Government of India. He received Shanti-Swarup Bhatnagar Award, JC Bose fellowship, Vikram Sarabhai Research Award, H. K. Firodia Award, Millennium Medal, Hari Om Ashram Award, Ram Lala Wadhwa Gold Medal, Dronacharya Award and Lifetime Achievement Award by TIE. He is a Member of the National Academy of Engineering (NAE), USA and a Fellow of IEEE and World Wireless Research Forum (WWRF). He is also a fellow of the four S&T academies in India, namely, INSA, NAS, IAS and INAE.