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We all know that IIT + IIM = big money but the new equation, that many don’t know, is IIT + IIM = Formula 69. Formula 69 is a 100-minute sci-fi comic thriller directed by 30-year-old Nitin Das, an alumni of IIM Lucknow.entire cast and crew for the film came from IIT's drama club members. After getting a good response at screenings in the Capital, Formula 69 will be heading for the Sports, Film and TV Festival in Mumbai.