You are the 'inheritors' of Tata Trusts: Ratan Tata writes to group staff

Tata Trusts Chairman Ratan Tata on Friday told all the employees of Tata Group that they were the "inheritors and custodians of the (Tata) Trusts" and of its "belief in making a sustainable change" in society.

The Trusts own two-thirds of Tata Group's stocks.   

In a letter addressing the employees of the salt-to-software conglomerate on the 178th birth anniversary of Tata Trusts Founder Jamsetji Nusserwanji Tata, Tata thanked them for their hard work and zeal. "You bring your zeal, your vigour, your integrity and most importantly your hard work. It is because of you that we can derive and obtain the opportunity and the privilege to serve our community and through that, our nation," said the letter, a soft copy of which is available with Business Standard.

The Tata Trusts work inter alia across health, energy, rural upliftment, urban poverty alleviation and education. It is well known that the public work undertaken by these trusts spreads over 17 states and 170 districts across India and the programmes that the Tata Trusts support reach out to millions of households through a network of 450+ partner organisations. However, little to nothing is known about the internal functioning of the Tata Trusts.

As reported earlier, in November last year, the Income Tax department had summoned top officials of the Tata Trusts to explain the misuse of tax exemption granted to the trusts for charitable purposes. (Read more)