Rasna Chairman Piruz Khambatta emphasises purpose-driven entrepreneurship

Mr. 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 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,” Mr. Khambatta said.

In his thoughtful address, Mr. 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, Mr. 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.

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.