A Big Salute to Azim Premji !!

Sir, you are the model Indian .. !!
Full respect ..

I was really taken aback this morning to read of the great and magnanimous acts of philanthropy shown by one of India's richest persons, in fact, India's second richest person.

It was indeed really heartening to read of the huge philanthropic endowment corpus promised by the 73 year old Azim Premji, the Chairman of WIPRO (Western India Palm Refined Oils Ltd or more recently Western India Products Limited) the IT giant from Bangalore, India. If I am right, Azim Premji committed 67% of his holdings in WIPRO to philanthropy.

I am reminded of the great philanthropist from US, John D Rockefeller in the beginning of the 20 th century kickstarting directed philanthropy through the Rockefeller Foundation.

John D. Rockefeller Sr., Standard Oil

Click here for the facts of that kind act around 1896 AD by John D. Rockefeller, the first billionaire of the world, setting up the Rockefeller Foundation .. John D Rockefeller had a net inflation adjusted worth of $350 billion at the time of his death in 1937 at age 97. In today's terms it would be worth more than $850 billion. Rockefeller has been the greatest philanthropist of the world of all time.

I am too happy to include Azim Premji in that list of the greatest philanthropists of all time, to be in the 'A team' of John D. Rockefeller.

Can Azim bring about the change
he wishes in India ?

The Bangalore headquartered IT Czar has been known for his philanthropic activities  for a long time, and recently to top it all , he promised a $7.5 billion contribution to this corpus increasing his total endowment corpus to the Azim Premji Foundation to $ 21 billion (or approximately INR 150,000 crores..).

I request the PM of India to come out in the open to acknowledge Azim's great actions and to felicitate this kind soul for his magnanimous deed to humanity. Azim Premji Foundation funds almost 150 non-profit organisations in India. Modi's silence is deafening ..

Click here for the Hindustan Times report ..

Give, give till your hand aches ..

By this great act of humanity and by endowing so much resources to the Azim Premji Trust, Azim Premji is setting an example for the whole of India and the world. His ventures in the field of education through the Azim Premji University is worth mention here.

I doubt whether any other business conglomerate in India other than the Tatas have done such great social service in the country. Tata came to India from Northern Iran around 1840s. The Birlas, the nouveau riche Ambanis, the Singhanias, the Bajajs have all failed the country in giving a hand of solace to it's citizens. They have throughout history of the past hundred years been sapping the country's resources for their personal benefits. What ever they have got from society through their entrepreneurship or enterprise, they have not shared it with the society with the same openness..

Bill Gates and Azim Premji .., courtesy inshorts 

I have seen a bunglow which Kumaramangalam Birla purchased for INR 430 crores in Mumbai Malabar Hills in 2017/18, on the beach, which is unoccupied and unutlised. Birla are poor philanthropists in comparison to the TATAs.

It fails for our common sense to understand why these people who have sapped the society of resources legitimately or otherwise, who were asked by chance or God or MOTHER NATURE to be custodians of society's resources, fail to give back to society in equal measure for the benefits they have gained. I believe they have not been given the right value systems by their parents.

May the other great unethical group, the MNCs of the world, start similar Foundations by earmarking a fraction of their profits yearly, the legitimately or illegitimately earned wealth and riches from the developing, less developed and developed nations of the world with the less fortunate in the society.

George..