Jamsetji Tata, who is regarded as the ‘Father of Indian Industry” was an influential industrialist during his time. He founded Tata Group that was India’s biggest multi-industry company. He is the father of our favorite and respectable Industrial tycoons Ratan Ji Tata.
In a recent joint study conducted by Edel-Give Foundation and Hurun India, it is found that Jamsetji Tata is the top philanthropic person in the world with a total donation of about $102 billion(current value). Tata Group has always been active in donations through its CSR NGO under corporate social responsibility programs. Along with Tata Group of India, Wipro is also on the list that ranks 12th in the top donor in the last 100 years with an estimated donation of $22 billion.
Tata Group has always been a helping hand to society whenever the country is in crisis. In 2021 Wipro’s donation through the CSR NGO program was 9,713 crores($1.4 billion) for the primary cause of education.
The 2021 data reveals that Education, Healthcare, Disaster Relief, are the top common causes for CSR donations among the top philanthropists. HCL Technologies, Reliance Industries, Aditya Birla, Infosys, Hinduja, Bajaj, Adani, Vedanta, Dabur India are the other top donating companies of India in 2021.
Entrepreneurs set up businesses and industries for the development of the self and society. But in order to benefit most of the poor and needy people, celebrities and wealthy people should give back to society in the form of donations to support education and healthcare as these two are the important factors for the nation’s growth. In fact, their businesses are extracting money from society itself.