Prez, PM celebrate Essel Group’s 90 years with Subhash Chandra & family

15 May,2017

By A Correspondent

 

Essel Group, the leading entertainment-led business group, is celebrating 90 years of existence and to celebrate the occasion, Chairman Dr Subhash Chandra announced the launch of the DSC Foundation by contributing Rs 5000 crore from his family wealth, the ‘Sarthi’ initiative and its English global news network, WION – World Is One News, in the presence of President Pranab Mukherjee and Prime Minister Narendra Modi in New Delhi on Sunday. The Group 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.

 

Said Dr Chandra: “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.”

 

Meanwhile, the Essel Group also announced the winners of the first-edition of Zee Media Family Business Legacy Awards which aim to honour and recognise India’s oldest family-run businesses which have expanded their empires over successive generations. To select the winners, entries from business groups which spanned a tleast four generations and had a turnover of over Rs 1000 crore, were invited and then verified by Ernst & Young, the internal process partner, using rigorous criteria to arrive at the final winners.

 

The winners of the first-edition of the Zee Media Family Business Legacy Awards are Dabur India Ltd., Wagh Bakri Tea Group and Wockhardt Ltd.

 

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