Birla: Trusteeship views private business as collective prosperity, not raw capitalism
Kumar Mangalam Birla · Nikhil Kamath x Kumar Birla | People by WTF Ep #5 · Nikhil Kamath · Dec 20, 2024 · at 55:40
Kumar Mangalam Birla, Chairman of Aditya Birla Group, discusses his family's relationship with Mahatma Gandhi and Gandhi's socioeconomic philosophy of trusteeship with Nikhil Kamath.
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“There is this socioeconomic concept of trusteeship, which my great grandfather, having spent so much of time with him and being a close associate came to embrace, which is that, you know, private companies in the private sector, so to speak more it's more about collective prosperity as opposed to emblems of capitalism. Again, it comes back to the same topic that we were talking about. Philanthropy. It's not about philanthropy. It's just about giving back.”
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