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Subhash Chandra contributes Rs 5,000 crore to DSC Foundation as Essel Group turns 90

NEW DELHI: Essel Group chairman Dr. Subhash Chandra on Sunday announced the launch of the DSC Foundation by contributing Rs 5000 crore from his family wealth, the ‘Sarthi’ initiative and ZEE’s English global news network WION (World Is One News), in presence of President Pranab Mukherjee and Prime Minister Narendra Modi.

The Essel Group, which is celebrating 90 years of existence, also honoured the winners of the first-edition of the Zee Media Family Business Legacy Awards – Dabur India Ltd, Wagh Bakri Tea Group and Wockhardt Ltd.

Held at the Indira Gandhi Indoor Stadium in New Delhi, the event was attended by eminent personalities from the world of politics, business, sports, film and entertainment, including Narendra Singh Tomar, Union Minister for Rural Development, Panchayati Raj, Drinking Water and Sanitation, Smriti Irani, Union Minister of Textiles, Ram Naik, Governor of Uttar Pradesh, Dr. Najma Akbarali Heptulla, Governor of Manipur, Lt Gen (Retd.) Nirbhay Sharma, Governor of Mizoram, Jagdish Mukhi, Governor of Andaman and Nicobar Islands, Manohar Lal Khattar, Chief Minister of Haryana, Swami Avdeshanandji and Saint Gurmeet Ram Rahim Singh Ji, amongst others.

Speaking on the occasion, Mukherjee said that media has a far reaching impact and influence on people. Today indeed the world is one. He said that while facts and news remain one, views may be different. It is important to maintain objectivity and truthfulness in news. Media must take note of the positive things taking place in day to day life.

The President said that in the next ten years the Essel Group would be organising its centenary celebrations. He said that they should remain young even at 100, remain young forever.

Prime Minister Narendra Modi said that India has had a tradition where successive generations take family values forward, and contribute to the family by adding their capacities and capabilities. He recalled his earlier meetings with Nandkishore Goenka and said the family has always been open to new ideas, and has taken every challenge as an opportunity, to create a presence in a range of initiatives from “soil to satellite.”

Appreciating the social initiatives of the Essel Group, Modi said that the Swachh Bharat Mission provides opportunities for a large number of social entrepreneurs to emerge. He said that while “Sarthi” presented a good blend of rights and duties, the DSC Foundation would help build a large number of job creators. The Prime Minister urged everyone present to work towards specific goals for what they could do for the country by 2022 – the 75th anniversary of independence.

Chandra said: “This journey of 90 years has been filled with remarkable successes as well as challenges and obstacles. It has been a journey of creating history, venturing into unknown territories, only to emerge as leaders, capitalising on our pioneering vision and sheer entrepreneurial spirit. As we look to the future, I am confident that we will carry forward the legacy of the Group with complete passion, dedication and above all, the spirit of #YoungAt90! On this occasion, we are launching our new initiatives – Sarthi, DSC Foundation and WION, that will empower the lives of the people. Sarthi will provide a platform to help people with their problems by connecting them to the right persons and then taking it to the logical conclusion. With WION, we want to provide a medium which will give people news from around the world and how it affects India. This initiative is not for profit, but a medium for society and the nation to benefit. Through the DSC Foundation, we will be building capacity in the society to take on problems and tackle them. We are pledging Rs. 5000 crore out of our profits towards this Foundation.”

The event was hosted by Sudhir Chaudhary, editor-in-chief of Zee News, Zee Business, WION and DNA, and witnessed a beautiful performance of ‘Vande Mataram’ by the artists of ‘Sa Re Ga Ma Pa Lil Champs’ and ‘Dance India Dance’.

90 years ago in 1926, the nation’s agricultural development gained momentum and that’s when Essel Group’s foray into food grain trading started. Over the nine decades, Essel Group has become a multi-billion dollar business conglomerate, having diverse business presence across Media, Entertainment, Packaging, Real Estate, Infrastructure, Education, Finance, Precious metals and Technology sectors.