Mumbai, Dec 17 (IANS) JN Tata scholars have come out in support of the Tata Trusts and their unexceptionable service to society.
Several Tata scholars from the JN Tata Endowment for the Higher Education of Indians said they are pained by attempts to drag the Tata Trusts into the controversy surrounding the sacking of Tata Sons Chairman Cyrus Mistry.
There are now 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,” Janantik Shukla, filmmaker and a ‘Tata scholar’ was quoted as saying in a statement.
Development activist R. Balasubramaniam, who is also a Mason Fellow of the Harvard Kennedy School and a Fellow at the Hauser Center for Non-Profits at Harvard said: “People should know and assess the Trusts by the enormous work that has been done by them in various sectors in India.”
“They need to realise that there is no parallel in the Indian eco-system wherein so much work is being done so quietly as the Tata Trusts.”
The Tata Trusts hold 66 per cent stake in Tata Sons, the holding company of the industrial conglomerate Tata Group. Dividends from Tata Trusts provide the wherewithal for the Trusts to carry out their wide-ranging philanthropic and charitable activities.
Tata Sons’ board had ousted Mistry on October 24 and appointed Ratan Tata as the interim Chairman.
The scholars appealed to the stakeholders to let the Trusts continue their exemplary public service.
The JN Tata Endowment for the Higher Education of Indians was set up in 1892 by Jamsetji Tata, founder of the Tata Group.
For the past 120 years, it been helping meritorious Indian students receive world class education. It is the first Tata benefaction in the field of education, and possibly the first of its kind in the world.
Over the years, JN Tata scholars have distinguished themselves in various walks of life. Their ranks include luminaries like President K R Narayanan, Dr Jayant V. Narlikar, Dr Raja Ramanna and Dr J J Irani.