Torrent's Mehta family pledges Rs 5,000 crore to UNM Foundation
Mehta family has pledged to donate Rs 5,000 crore over the next five years to the philanthropic foundation set up in name of the group's founder U N Mehta as part of his birth centenary celebrations, the group said on Sunday. Torrent Group celebrated the birth centenary of its founder late Uttambhai Nathalal Mehta (January 14, 1924 to March 31, 1998).
The Mehta family has committed to donate Rs 5,000 crore over the next five years to the UNM Foundation to honour the legacy of the visionary philanthropist, the group said in a statement.
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Offering CollegeCourseWebsiteIIM KozhikodeIIMK Chief Product Officer ProgrammeVisitIndian School of BusinessISB Chief Technology OfficerVisitIIM LucknowIIML Chief Operations Officer ProgrammeVisitThe Rs 5,000 crore Mehta family committed to donate to the UNM Foundation over the next five years starting April 1, 2024 «will be over and above the statutory CSR contributions of the Torrent Group companies», the statement said.
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«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.
He was born in an extremely poor family and lost his mother when he was just two years old.
He weathered many health challenges such as being diagnosed with mental health issues when he
