Indian business tycoon who donated Rs 8,29,734 crore

Jamsetji Tata,

An Indian has been named the worlds most generous individual, surpassing figures like Mukesh Ambani, Ratan Tata, Azim Premji, and Shiv Nadar. According to the EdelGive Foundation and Hurun Report 2021, Jamsetji Tata, founder of Tata Group, is recognized as the most charitable person of the past century, having donated a remarkable Rs 829,734 crore. This surpasses contributions from other global philanthropists, including Bill Gates, who secured the second position.

Jamsetji Tata

Jamshetji Nusserwanji Tata (3 March 1839 – 19 May 1904) was an Indian industrialist who founded the Tata Group, Indias largest conglomerate.

Early life

Born into a Zoroastrian Parsi family in Navsari, Tatas ancestors had sought refuge in India after fleeing persecution in Persia. Despite his familys priestly background, Tata diverged from tradition to become the first businessman in his family, setting up an export trading firm in Mumbai.

Trading company

After working in his fathers export-trading firm and recognizing opportunities in the cotton industry during a business trip to China, Tata founded a trading company in 1868.

Philanthrophy

Jamsetji Tata focused much of his philanthropy on education and healthcare from 1892. Despite passing away in 1904, his legacy thrives through Ratan Tata, Chairman Emeritus of Tata Group, who oversees the conglomerates ongoing philanthropic efforts.

Death

On 19 May 1904, he died in Bad Nauheim. But to date, he is a source of motivation and inspiration for entrepreneurs all across the world.

Legacy

Tatas iron and steel plant was established at Sakchi village in Jharkhand. The village grew into a town and the railway station was named Tatanagar. Now, is known as Jamshedpur in Jharkhand in his honor. The old village of Sakchi is urbanized now and now exists within the city of Jamshedpur.