It was incorporated and is awarded by the Shanmugha Arts, Science, Technology & Research Academy (SASTRA) in Thanjavur district, Tamil Nadu.
The award is named after Indian mathematician Srinivasa Ramanujan.
It is awarded to individuals younger than 32 years, and carries a cash prize of $10,000.
It aims to serve as a platform to encourage young mathematicians to explore uncharted areas of mathematics.
[1] F denotes recipients of Fields Medal.