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Several Grandmasters have come out of Velammal Institutions since 2005.
Praggnanandhaa is still fifth with six points with Gujrathi following him on five points.
The 17-year-old Gukesh is in joint lead with Russia's Ian Nepomniachtchi.
Gukesh and Nepomniachtchi have six points each with Praggnanandhaa, Caruana and Nakamura close on their heels half a point behind.
Nakamura, Gujrathi and Caruana share the fourth spot on 4.5 points.
The 18-year-old Praggnanandhaa has 2748.3 points as against 2748 of five-time world champion Anand in the FIDE live ratings.
They also became the first-ever brother-sister duo to make the Candidates, the qualifying event for the World Championship match.
The achievements of Chopra, Praggnanandhaa and Prannoy will spur a new generation of Indians to take to these events with vigour and passion.
Praggnanandhaa's fans eagerly waited at the exit gate and presented him a crown of flowers, a shawl and bouquets.
The 18-year-old Indian lost 0.5-1.5 in tie-breaks in rapid games to the World No. 1.