The money will support BU's recently established Honours College, which will be renamed in honour of Kilachand's parents, Arvind and Chandan Nandlal Kilachand, University President Robert A Brown said in a statement.
"In this age of professional specialisation, academic interest
Kilachand is chairman and president of the Dodsal Group, a multinational conglomerate that holds interests in engineering, mining, trading, and fast-food businesses.
The company runs 59 Pizza Hut and KFC eateries in India, according to the company's website.