I am a vigorous supporter of Capitalism. It is the only system that allows the enterprising spirit of an individual to nourish and grow and to reach its pinnacle. The principles of Capitalism aligns with the principles of human nature and that is the free flow of ideas and intellect across the borders. The 2008 financial crises, also known as the Great Recession, witnessed the intervention of the government to bail out several gigantic financial institutes and get them back on their feet. This was a blow to the tenets of the communist thought leaders who viewed that a capitalist system manipulates the workers and alienates any kind of public intervention.
I am convinced that Philanthropy walks hand in hand with Capitalism. Some of the most successful business leaders that the world has seen are also the greatest philanthropists. From Bill Gates to Warren Buffet to Andrew Carnegie, Capitalist societies have produced umpteen number of Philanthropists who have made a dent in the world we live in. India, the world’s largest democracy, is not behind in churning out dynamic business leaders who, through their generous act of giving have reshaped the communities that we are part of. Through their sharp business acumen and a passion for giving back to the society, they make a positive and an everlasting impact on the lives of millions of people in our country. In my view, the three most admired business magnets that hailed from India are:
Ratan Tata: If there is one name that will resonate eternally in the history of India, it will that of Ratan Tata. Since the last two decades, the country has experienced a sharp increase in the number of business persons but it is Ratan Tata who stands out amongst them. His unwavering faith in the ethos of the nation continues to inspire millions of Indians. A true believer in the immense potential of the country, his contributions to the Indian society are unmatchable and peerless. During his tenure, TATA group saw a manifold increase in revenue and profits.
He envisioned that every ordinary Indian should be able to afford a car and this led to the launch of the world’s most affordable and “middle class” pocket friendly four wheeler, the Nano. While he was in office as chairman of the TATA group, the company experienced its position ascend in the international market. The acquisition of Jaguar, Tetley and Corus under his leadership created history and put India on a global map of business and innovation. These acquisitions earned not only the company respect from around the world but catapulted the group as a key player in the global marketplace.
Beyond his extraordinary business leadership, it is the philanthropic aspect of his personality that motivates me, along with millions of Indian youth. A recipient of Padma Vibhushan, Mr. Ratan was one of the biggest international donors to both his Alma maters, Harvard University and Cornell University. His endowments to tackle some of the world’s most pressing issues are admired not only in India but across the western world. His profound generosity and conviction towards justice is exemplified by his donation of TATA trucks to the Sikh drivers who were victims of 1984 anti-Sikh riots. His optimism towards the budding and aspiring entrepreneurs of our country is reflected through his investments in start ups across the nation. These investments accompanied by his priceless mentorship to the youngsters strengthened the “start up ecosystem” in India. The country will always be indebted to this charismatic yet humble personality.
N.R. Narayana Murthy: A household name for every Indian Information Technology (I.T) employee, N.R. Narayana Murthy is one of the most revered business leaders in India. He was named the “Father of the Indian I.T sector” by the TIME magazine. I would go a step further and say that Mr. Murthy is the father of the “Indian outsourcing Industry”. If there is someone who has shaped the outsourcing business in the country and earned a global respect for our technology sector, it is Mr. Murthy. He pioneered the virtually non-existent software industry into a behemoth recognized for its quality services throughout the world. A co-founder of Infosys, he today sits on the boards of numerous corporations and educational institutes. I am of an opinion that in order for India to propel itself and become a leader in the competitive “product research” market, it needs more visionaries like Narayana Murthy.
Sudha Murthy: Wife of N.R. Narayana Murthy, Sudha Murthy is the founder of Infosys Foundation, the philanthropic arm of Infosys. A copious writer, she has authored several books both in English and Kannada. Through the outreach of Infosys Foundation, she continuous to make a positive impact on the lives of millions of impoverished and needy Indians. A recipient of the prestigious Padma Bhushan award, her contribution in the agriculture and health care sectors is highly commendable and recognized nationwide. As a member of the health care initiative of the Gates Foundation, Mrs. Sudha has played a crucial role in addressing the health related issues of the people, especially in the rural parts of India. She has also been instrumental in implementing governmental policies focused on technology. Through the Infosys Foundation, she has worked closely with the Karnataka government to provide laptops in all public schools across the state.
I, along with millions of Indians continue to be inspired by these spirited business leaders that have an indelible mark on the business topography of our country.
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