Why Parsis are India’s finest citizens
I’m delighted a Parsi has taken over this week from Ratan Tata as head of Asia’s greatest corporation. I have strong feelings in this matter but I don’t think they come from prejudice. That would indicate judging without information if not experience and I have plenty of both here.
……..The other thing is the single most important and most overlooked fact about Tata Sons: it is owned by charitable trusts. Ratan Tata owns less than one per cent of the firm, and Cyrus Mistry, who is now chairman, is also a minority shareholder. Two-thirds of its stock is held by bodies such as the Sir Ratan Tata Trust and the Dorabji Tata Trust, which send their profits, thousands of crores of rupees, to charity………….
This made them unusual in a nation where the culture is opportunistic. Our wealthy credit god for their fortune, not society. The Birlas built India’s biggest urban temples and the Ambanis built for themselves the greatest residence in human history. If the creation of wealth has a purpose, as Andrew Carnegie explained it in his writing, Indians haven’t learnt it yet.
It is the Parsi Tatas who showed us that wealth was for the advance of society. That is why he builds institutions of science, medicine and culture………
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