- The noted entrepreneur and philanthropist was delivering a lecture to commemorate EDII Founder Dr VG Patel’s birth anniversary
- Building enterprises that stand the test of time, lasting for generations, should be our ultimate objective: Philanthropist
- He advocates ARISE principle as a comprehensive framework for entrepreneurial success
NE EDUCATION BUREAU
AHMEDABAD, SEPT 8
Noted entrepreneur and philanthropist Piruz Khambatta delivered the fifth lecture in the Entrepreneurship Development Institute of India (EDII) lecture series, which has been initiated to commemorate EDII Founder Dr VG Patel’s great work in the field of entrepreneurship. The lecture series was initiated in 2019, months after Dr Patel’s passing away on April 4, 2019.
Shri Piruz Khambatta, Chairman, Rasna Group & Rasna Foundation, delivered the annual Dr. VG Patel Memorial Lecture 2023. The lecture, fifth in the series, was held at @EDIIAhmedabad campus. The Topic of the Lecture was ‘Entrepreneur: A Nation Builder’.#EDIIDGO #Entrepreneurship pic.twitter.com/dePNUFpAFD
— Director General Office of EDII (@EDII_DGO) September 7, 2023
Khambatta, who serves as Chairman of Rasna Group, Founder Trustee of Areez Khambatta Benevolent Trust, and Chairman of Rasna Foundation, is known for his multifaceted contributions to business, philanthropy, and advocacy. He is also the Ambassador of the Make In India initiative and holds the position of Honorary Counsel General of the Republic of South Korea.
Dr Satyajit Majumdar, Professor & Dean, Tata Institute of Social Sciences, Mumbai was declared the winner of Dr. VG Patel National Memorial Award for Entrepreneurship Trainer/Educator/Mentor 2023. Over 400 applications were received from 147 institutions & 26 states@SatyajitM111 pic.twitter.com/w3cEiXzFdi
— Director General Office of EDII (@EDII_DGO) September 7, 2023
Khambatta delivered his lecture on the theme “Entrepreneur – A Nation Builder” on September 6 at the EDII campus to mark Dr VG Patel’s birth anniversary.
The Institute felicitated Dr. Satya Ranjan Acharya, Prof. & Director- Dept. of Entrepreneurship Education, for being awarded the National Teachers’ Award 2023 in the category for HEIs & Polytechnic Institutes.#EDIIDGO #NTA2023 @EduMinOfIndia @PMOIndia @dpradhanbjp @AICTE_INDIA pic.twitter.com/8v1bp0NNW6
— Director General Office of EDII (@EDII_DGO) September 7, 2023
The ultimate purpose of entrepreneurship should transcend mere profit margins on a balance sheet. Entrepreneurs have a unique opportunity to create profit that benefits society and contributes to the development of our nation,” Khambatta said.
In his thoughtful address, Khambatta also spoke about the ARISE principle as a comprehensive framework for entrepreneurial success. He explained that ARISE stands for Accountability to Corporate Governance, Reforms, Innovation, Sustainability, and Employment, and encapsulates the values that entrepreneurs should wholeheartedly embrace.
In a world where economic success often overshadows social responsibility, Khambatta advocated for a paradigm shift. He emphasised that entrepreneurial ideas should be seen through the lens of social entrepreneurship. He also said that achieving financial success should ensure that it significantly benefits society and business models should align with the betterment of the communities we serve.
“Our focus should extend beyond short-term gains. Building enterprises that stand the test of time, lasting for generations, should be our ultimate objective,” he added.
Earlier, Dr Sunil Shukla, Director General of EDII, paid glowing tributes to Late Dr VG Patel by recalling his exceptional contribution to the nation’s development by introducing and promoting the concept of entrepreneurship.
