The HBS Foundation is the family foundation of Harish and Bina Shah. The foundation was registered in Y2010; however, charitable work by the family has been underway since early 2000’s through Signet Foundation, an arm of the family’s pharmaceutical raw materials business, Signet Chemical Corporation Pvt. Ltd. The company’s corporate social responsibility has been integrated with the family foundation’s work.
Harish and Bina Shah along with their two daughters Amira and Anushka, and son-in-law Robin are involved in the foundation’s operations and decision-making. 13 staff members from Signet support them. Together, the 18-member team is overseeing portfolios of close to 20 non profits and actively learning about new interventions and organisations.
The HBS Foundation supports a diverse range of non profits with varying degrees of financial and advisory support. Among other causes, the Foundation supports betterment of public education, malnutrition, sanitation, sex trafficking, child marriage and governance matters in India. In the coming year, the Foundation intends to maintain a diversified portfolio, because it is exposure to multiple issues and non profits that is providing a contextual understanding of social work in India.