Rs. 1000 Crore Social Responsibility Engine
Rs. 800 to a 1000 crore, that’s how much the Tata Group, one of the oldest and largest business houses in India spends annually on Corporate Social Responsibility [Via Economic Times]
The Tata Trusts control 65.8 per cent of the shares of Tata Sons, the holding company of the Group. The combined development-related expenditure of the Trusts and the companies amount to around four per cent of the Group’s net profit, its website said.
These philanthropic trusts have created national institutions in science & technology, medical research, social studies and the performing arts.
Previous coverage on the Tata’s CSR Efforts:
- Discover your inner Social Entrepreneur on the Train
- India’s CSR Leaders: How much can they really change?
- A New Software that Keeps Politicians As Honest as Possible
- Tata – Heart of Gold or Steel?