Jagdish Mithu Chanrai executes his Caring Capitalism® philosophy primarily through voluntary organisations in India and Nigeria to expand his philanthropic reach. These institutions carry out programs in specific focus areas that align with the family’s priorities, chiefly eye care and health. His passion to give back to the communities where he has benefitted, has pushed him to ensure the social causes he supports have a large outreach and show sustainability and excellence. His deep belief that “this philosophy works” motivates him to devote 40% of his time to his philanthropic ventures.
Having been the brand ambassador for this philosophy since 1989 (for over 30 years), JM Chanrai believes the biggest miracle is the success of his philanthropic work: it has far exceeded any achievements he has had in business and can still be scaled up to further impact humanity. For example, for every US$1 invested into eye care there is a US$4 return on investment to the society.
The belief in leveraging business successes for the betterment of humanity and respect for nature: using business principles and achievements as well as earmarking a part of business resources to promote human development and to care for the environment. It is a philosophy that can easily be practiced. Business enterprises are meant to also have a greater purpose: to benefit those in need socially, physically, and economically.
While capitalism focuses mainly on making money, Caring Capitalism® focuses on how
one can use a portion of that for the benefit of society. As caring capitalists, we have a
responsibility beyond ourselves to care for the social and environmental surroundings of our businesses.
If the surrounding community is happy, healthy and secure, one is assured of a better tomorrow.
~JM Chanrai
Philanthropy should be taken as seriously as business by applying systems, metrics and concept
of
returns to ensure sustainability.
While these are common practices in the business sphere, these practices can be applied in philanthropic ventures as well.
While this is imperative to quantify success in business, measurement of impact in philanthropy is also imperative.
In business the dividends is monetary, while in philanthropy it is visible in the social and economic impact made.
Since 2000, Mission for Vision aims to provide the gift of vision to everyone in its pursuit to eradicate avoidable blindness. It works to strengthen and build institutions to provide effective, high-quality eye care. MFV partners with reputed eye hospitals and organisations to reach out to communities in need across the country. Annually, it facilitates over 300,000 surgeries – more than 60% are free – touching the lives of school children, drivers, the elderly, and more. It also trains eye health personnel, influences related policy, and undertakes survey research to improve eye health understanding and quality.
VISIT
*Data as of March 31, 2020
Set-up in 1992, its interventions span three critical areas: restoring sight (Mission for Vision), providing access to primary health care (Mission for Primary Health Care) and providing safe drinking water (Mission for Water). TCF adresses these keys areas of life to directly improve people’s quality of life. It has been able to partner with and hand over to the State Governments 3 eye care and 4 primary health projects ensuring their sustainability. It continues to implement its own programs in vision, water and primary health in 2 states each, respectively. TCF in partnership with UNICEF currently implements water programs in 4 states.
In January 2019, a state-of-art eye hospital was established in Abuja as a centre of excellence in Africa and is an example of a replicable, successful model. It was commissioned by the Nigerian President on July 11, 2019.
VISIT
*Data as of March 2020
In August 1975, Tulsi Trust was established by Seth Mithu Chanrai, in memory of his father Tulsidas Chanrai, with an aim to provide the essentials to the poor and needy. Building on this initial orientation, it has now added the values of empathy, excellence and integrity. Its aim is for the Development of All. The Trust has since aligned itself to the UN Sustainable Development Goals and implements this agenda by supporting work in health care, skill development and education. Tulsi Trust has had the honor to support Mother Teresa’s Missionaries of Charity organisation, including building and supporting multiple homes across the country.
VISIT
*Data as of 2018 - 2019
Establish Caring Capitalism®
as a universally accepted
philosophy.
Leverage business successes
to eradicate curable blindness
and reduce poverty.
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