The Bharat Ram family was into philanthropy a way earlier. They build institutes such as Shri Ram College of Commerce, Lady Shri Ram College, and Shri Ram Schools. They are very inspiring.

Supposing I write out a cheque for a billion dollars to the foundation, does it mean anything? There must be evidence of philanthropy. Otherwise, I'm sitting with that money, earning interest exactly the way in my holding company.

We need schools like Doon and Mayo for the poor.

India's connection with philanthropy didn't begin with western influences. The connection with philanthropy is age-old and ingrained in our value systems.

A press statement may be given with a very good intention, but it says nothing beyond it. If it comes from corporations they run, then it is corporate social responsibility (CSR). That's different from philanthropy. CSR is a lot of shareholders, including me.

The SSN Institute will be expanded in areas such as liberal arts, social sciences, natural sciences, communications.