Friday, October 17, 2014

India's $100bn group built on genuine philanthropy -

India's $100bn group built on genuine philanthropy - "ut at the centre is Tata Sons, the original family vehicle behind them. Tata Sons owns sizeable stakes in all of these huge companies. But Tata Sons is 66pc-owned by philanthropic trusts.

These trusts are dedicated to improving Indian society, across education, health, tackling poverty, etc.

Rather than make billions and then decide to give a lot away, as many multi-millionaires have done, improvement of society is a centre point of the business itself. Casey explains this nicely when it says in the book that the Tata philosophy includes "a commitment to philanthropy - not as an adjunct to business, but as the reason for business"."

'via Blog this'

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