Jamsetji Tata: World’s top philanthropist of last century

Jamsetji Nusserwanji Tata who was the founder of Tata Group, has emerged as the topper of the list of EdelGive Hurun Philanthropists of Century.

Highlights

• An estimated donation of $102.4 billion was in health and education sector.
• Total philanthropic value of Tata is made up of 66 percent of Tata Sons which is estimated at $100 billion.
• Tata Group and its philanthropic activities are presently headed and overseen by Emeritus Chairman Ratan Tata

Who was Jamsetji Tata?

Jamsetji Tata was the founder of Tata Iron and Steel Works Company (TISCO) in Jamshedpur which is now known as Tata Steel. His endowments started as early as 1892 and he was popular for his ventures within cotton and pig iron industry. Though Jamsetji Tata died in 1904, Tata Steel operates across 26 countries and employs about 80,500 people.  Jamsetji Tata is regarded as the “Father of Indian Industry”. He was so influential across the world of industry that Jawaharlal Nehru referred him as “One-Man Planning Commission”.

Tata Group

It is an Indian public multinational conglomerate that manufacture automobiles, airplanes and other products. It is headquartered in Mumbai and was founded in 1868.

Month: Current Affairs - June, 2021