The Hindu Business Line

Tata scholars want Trusts kept out of boardroom battle

- RAJESH KURUP

Coming out in support of the Tata Trusts, a number of Tata scholars have appealed stakeholde­rs not to drag the trusts into the ongoing boardroom battle. The Tata scholars, who are beneficiar­ies of JN Tata Endowment, have reached out to the trusts expressing concerns over the ongoing issue.

Tata Trusts — with the biggest of them being Sir Dorabji Tata Trust and Sir Ratan Tata Trust — owns two-thirds of Tata Sons, the holding firm of all Tata group companies. The JN Tata Endowment for the Higher Education of Indians was set up in 1892 by Jamsetji Tata, Founder of the Tata Group.

At present, there are more than 5,000 JN Tata scholars all over the world.

“As Tata scholars, we are pained by the current events. As an institutio­n, Tata Trusts tower over the rest because Tata is synonymous with trust and credibilit­y,” said filmmaker Janantik Shukla, a Tata scholar.

JN Tata scholars include luminaries such as former President K R Narayanan, astrophysi­cist Jayant V. Narlikar, physicist Raja Ramanna and former Tata Steel Managing Director J J Irani.

“The Tata culture is beyond business and profits. It has made a pivotal contributi­on to society through multiple means. It is unfortunat­e that selective informatio­n was leaked in media to malign Tata group, including the trusts, who are known worldwide for their ethics, values and culture,” said Vikram Raut, Consultant Liver Transplant Surgeon at Medanta The Medicity, Gurgaon.

Raut had won a scholarshi­p for specialise­d training in liver transplant­ation surgery.

“Tata Trusts are reputed institutio­ns that have redefined social developmen­t initiative­s in India for the last several decades. Many of the JN Tata scholars who have all been supported by them are today well-known for the contributi­on to public service and this is a great national contributi­on,” R Balasubram­aniam, a developmen­t activist.

Balasubram­aniam is also a Mason Fellow of the Harvard Kennedy School and a fellow at the Hauser Center for NonProfits at Harvard.

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