New philanthropists in India - Returning to their roots?

In India philanthropy emerging out of business activity has been around since the early part of the last century. In 1912 in Bombay, Sir Ratan Tata (a Parsi inspired by the Zoroastrian faith) provided funding to the University of London to research the causes of poverty and come up with suggestions on relief. A Trust set up in his name four years later has since played a pioneering role quietly promoting hospitals, schools, some of India’s premier professional educational institutions, and in recent years important development initiatives.