World's first university was established in Takshila

As early as 700 B.C., there existed a giant University at Takshashila, located in the northwest region of Bharat (India).

The world's oldest recognized university

Taxila also known as Takshashila, flourished from 600 BC to 500 AD, in the kingdom of Gandhar. 68 subjects were taught at this university and the minimum entry age, ancient texts show, was 16. At one stage, it had 10,500 students including those from Babylon, Greece, Syria, and China. Experienced masters taught the vedas, languages, grammar, philosophy, medicine, surgery, archery, politics, warfare, astronomy, accounts, commerce, documentation, music, dance and other performing arts, futurology, the occult and mystical sciences,complex mathematical calculations. The panel of masters at the university included legendary scholars like Kautilya, Panini, Jivak and Vishnu Sharma. Thus, the concept of a full-fledged university was developed in India.
Famous Nalanda University

The stupa of Sariputta at Nalanda University. "The first great university in recorded history."

Did you know that the University at Nalanda functioned from 500 to 1300 AD until destroyed by invaders?

During the 800 years that the university was operational, it attained great fame. Its campus was one mile in length and a half-mile in width. It also had 300 lecture halls with stone benches for sitting; laboratories and other facilities were also available. For example, the university had a towering observatory called the Ambudharaavlehi for astronomical research. It has boasted a massive library called Dharma Gunj or Mountain of Knowledge that was set up in three buildings named Ratna Sagar, Ratnodavi and Ratnayanjak. The entrance examination was very difficult and the pass rate was 3 out of every 10 students. Despite this hurdle, the Chinese traveler, Hien Tsang wrote in his diary that 10,000 students and 200 professors were at Nalanda University.

source : veda.wikidot