Kolkata, New Delhi, INDIA. New York, USA.
Business To Business, New Delhi, 14th June, 2026: Tata Trusts CEO Siddharth Sharma has said the organization's philanthropic spending will rise to about ₹2,000 crore in the current financial year, while criticizing media coverage that he believes has focused disproportionately on internal issues rather than the Trusts' charitable work.
In a post on LinkedIn, Sharma said he wanted to "set the record straight" about the core purpose of Tata Trusts, emphasizing that philanthropy remains its central mission. He expressed concern that media attention had amplified narratives about alleged "chaos" within the charitable institutions that are the principal shareholders of Tata Sons, the holding company of the more than USD 180 billion Tata Group.
According to Sharma, the Trusts' primary role is to channel dividend income received from their shareholding in Tata Sons into social and developmental initiatives.
He noted that the philanthropic tradition of the Trusts long predates India's corporate social responsibility (CSR) framework, writing that:
"As the majority shareholders in Tata Sons, we deploy, year after year, the dividends that we receive, into philanthropic causes that uplift those at society's margins and help build a nation."
Sharma also pointed out that the charitable mission of the Trusts dates back more than a century, emphasizing that their work began well before the CSR mandate introduced in India in 2014.
Role of Tata Trusts
Tata Trusts is one of India's largest philanthropic organizations and supports initiatives in areas such as: