Meet Sons Of Government Clerk Who Will Donate Rs 5,000 Crore For Social Causes

On Sunday, in a heartfelt tribute to their late father and the founder of Torrent Group, U N Mehta, Samir and Sudhir Mehta announced a staggering donation of Rs 5,000 crore over the next five years for various social causes, according to DNA.

IT Worth DeskUpdated: Apr 08, 2024, 13:09 IST
4 min read
Samir Mehta, Sudhir Mehta

Samir Mehta and Sudhir Mehta, the dynamic duo behind Torrent Group, aren't just known for their business acumen but also for their philanthropic endeavours. Despite being sons of a humble government clerk, they have emerged as some of India's wealthiest pharmaceutical moguls, with an estimated net worth of $7.2 billion. Their remarkable journey from modest beginnings to the pinnacles of success is nothing short of inspiring.

Torrent Group's Generous Gesture:

On Sunday, in a heartfelt tribute to their late father and the founder of Torrent Group, U N Mehta, Samir and Sudhir Mehta announced a staggering donation of Rs 5,000 crore over the next five years for various social causes, according to DNA. This monumental contribution is dedicated to the UNM Foundation, established in honour of their father's legacy, with a vision to uplift society and make a meaningful impact.

"will be over and above the statutory CSR contributions of the Torrent Group companies", the statement said. "U N Mehta, the founder of Torrent Group, is remembered for his strong resolve in the face of adversities, business acumen, principled life and humanitarian philanthropy. His early life was marked with multiple personal challenges, severe financial crisis, business failures and serious health complications," it said.

Honouring the Legacy of U N Mehta:

Uttambhai Nathalal Mehta, affectionately known as U N Mehta, laid the foundation of Torrent Group in 1959, transitioning from a government clerk to a visionary entrepreneur. His ethos of compassion, integrity, and dedication continues to inspire generations. As Torrent Group commemorates his 100th birthday, the renamed UN Mehta Foundation stands as a beacon of hope, steering the trajectory of positive change.

Also Read: Also Read: Meet Srinivas Pallia: Wipro's New Managing Director And CEO

Empowering Through Philanthropy:

The substantial donation by the Mehta brothers underscores their unwavering commitment to social welfare. The UNM Foundation will channelise these funds towards vital sectors such as healthcare, education, environmental conservation, and the promotion of arts and culture. By addressing pressing societal needs, they aim to create a ripple effect of transformation and progress.

The Torrent Legacy:

Torrent Pharma and Torrent Power, the flagship companies under Torrent Group, have flourished under the adept leadership of Samir and Sudhir Mehta. With Torrent Pharma boasting a market capitalisation exceeding Rs 90,000 crore and Torrent Power commanding Rs 68,000 crore, their business empire is a testament to their vision and resilience.

The Next Generation's Stewardship:

The legacy of Torrent Group is poised to continue with the involvement of the next generation. Samir Mehta's son, Aman, and Sudhir Mehta's son, Jinal, have assumed significant roles within the organization, ensuring continuity and innovation. Their presence on the board of directors signifies a seamless transition of leadership and values.

Samir Mehta: A Visionary Leader:

Samir Mehta's leadership prowess extends beyond the boardroom; it encompasses a deep-seated commitment to social responsibility. Long before CSR became a corporate buzzword, he championed initiatives aimed at environmental sustainability and socioeconomic empowerment. Through his visionary leadership, he has paved the way for a more inclusive and equitable society.

In the annals of philanthropy and business excellence, the Mehta brothers stand as luminaries, epitomising the transformative power of compassion and generosity. Their monumental pledge to donate Rs 5,000 crore for social causes not only honours their father's legacy but also heralds a new era of hope and progress for generations to come. As Torrent Group continues to thrive, guided by the principles of integrity and empathy, the Mehta brothers' legacy will endure as a beacon of inspiration for aspiring entrepreneurs and philanthropists alike.

Also Read: Forbes Richest List 2024: India Adds 25 New Billionaires, Check Full List Here

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IT Worth Desk

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25/11/2024 4:59:5
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