Welcome to the world of the Tata group, and to a rationale quite unlikeany other in modern-day entrepreneurship.
A company with shareholder base of 3.5 million in India. The mostsignificant of these shareholders, the
Tata charitable trusts
two-thirds owners of Tata Sons, the promoter company of the group
area lot less concerned about quarterly earnings and analyst reviews thanthey are about enhancing and extending their charity canopy toprovide shade and succour to a remarkably diverse spread of people,causes and institutions.
was donated to support initiatives in health andeducation, livelihoods and agriculture, human rights and culture, theenvironment and more, in India and abroad. The total adds up toabout 4 per cent of the net profits of the Tata group. ( Including socialDevelopment programmes.)
It was the central tenet of the trusteeship concept seeded by
JamsetjiTata, the Founder of the Tata group
, and cemented by those whofollowed in his footsteps, most prominently his
sons, Dorab Tata andRatan Tata
Ratan Tata, the Chairman of Tata Sons
, in a 2008 interview
said "Myview is that our expression of social responsibility cannot be measured in terms of profit and loss. It is an enormous contribution to the nation,an enormous expression of goodwill to the communities around us. I
would like to think this is the best part of what Tata stands for… We
really do care.
, a titan who has been with the group for about as long as MrTata, says there is more to it than the group having a greaterresponsibility to display good business behaviour.