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Taj Hotel, Mumbai
Jamshetji Nusserwanji Tata, the founder of the Tata Group, the largest company in India,
was inspired to build this hotel
after he faced racial discrimination at a British hotel in Mumbai.
We visit the Tata Group
because in India's corporate social responsibility scene,
Tata Group is the leading company in this area.
Headquarters of Tata Group
The Tata Group has an unusual business model.
When the group has a profit, it spends most of it on charities.
The entire fourth floor of the company headquarters
is taken up by the company's charity foundation
and it's an indication of its focus on philanthropy.
Irani, Director, Tata Sons All the company's... All the dividends and the profits which come,
they are distributed. They go into the trust.
The trust then spends money in India and abroad
in things like health, education, cultural activities, promoting hospitals,
schools, a whole variety of things.
The Tata group donates hundreds of millions of dollars every year.
Tata founded the renowned Indian Institute of Science.
Homi J. Bhabha, the father of India's nuclear program,
taught at IISC and two former Indian presidents
went to college on a full scholarship from the Tata group.
Irani, Director, Tata Sons We believe in ethics. We don't do business in those areas
where we think ethics is, shall we say, in doubt.
For example, we don't have any business in liquor.
We don't have anything to do with liquor.
We don't have anything to do with tobacco.
Tata Steel, Jharkhand Tata Steel is the mother company of the Tata Group.
Founder Jamshedji Nusserwanji Tata built a steel plant here by razing a jungle.
He believed that India needed a steel company to become an industrialized country.
This decision was made 100 years ago.
But the company led on other fronts as well.
World's first 8-hour workday (1912) Tata Steel introduced an 8-hour working day in 1912 for the first time
and provided female employees with maternity leave, another world's first.
Free medical care (1915), Retirement benefits (1937) India's first employee benefit systems It offered all employees free medical care in 1915,
paid vacations in 1920 and retirement benefit packages in 1937.
Employee retirement benefits were required by law in India in 1972
so Tata Steel was 35 years ahead of the government.
This city is provided with power and water supplied by the Tata Group
instead of the government.
Tata provides medication and healthcare as well.
The company spends $15 million a year for the city.
And these operations are run by a subsidiary of Tata Steel
instead of the civic government.
Jusco, Tata Steel subsidiary, Operates city
Sanjib Paul, President, Jusco You've got to have a base for the services that Jusco provide in relationship OK?
It builds a deficit, which is a burden on its profits.
And it takes that as corporate responsibility as espoused by the founder
to give to the society what it takes from it many times forward.
Although the Tata Group donates enormous amounts to society,
it is stingy towards politicians.
The company does not spend any money on political lobbying efforts and thus,
Tata Group's motto: Good thoughts, good words, good actions politicians do not seek donations from Tata.
Irani, Director, Tata Sons We don't want to be a spike of prosperity in a sea of poverty.
If we are operating in a particular community,
we make sure that our wealth is shared by the whole community.
The Indian people believe that the more Tata earns profits,
the more it will benefit Indian society.
Wealth individuals in India make money with a well-meaning philosophy,
And they also contribute a part of their profits to society.
They believe that it is their duty as members of the wealthy class.