Ground Report | New Delhi: The world’s fifth-richest man, Warren Buffett, chairman of Berkshire Hathaway, praised US-based NRI venture capitalist Mohnish Pabrai for work on his Dakshana Foundation, which helps poor students prepare for IIT and medical education.
In its annual report, Dakshana had quoted Buffett, Buffett wrote to Pabrai “I remain incredibly impressed by what you’ve done, are doing and will do at Dakshana,” “It’s an honour ever to be quoted successful it,” Buffett suggested.
Who is Mohnish Pabrai
Mohnish Pabrai is the Managing Partner of Pabrai Investment Funds. In 2005, Pabrai and his wife, Harina Kapoor, started the Dakshana (Infinite Good) Foundation with the aim of recycling most of their wealth back into society. Your starting point is to return approximately 2%, or $1 million, each year.
He is the founder and president of the Dakshana Foundation. IITs in India have accepted more than 340 impoverished Dakshana Scholars in the last four years.
The Dakshana Foundation targets bright students from poor backgrounds in rural areas and provides academic training for IIT and NEET entrance exams. The foundation aims to provide equal opportunity to students from underprivileged sections to study at top medical and engineering colleges in India.
Dakshana Foundation offers 1-year and 2-year training programs in which students receive intensive educational training from experienced teachers from various institutes. Collaborate with the Government. of India and Jawahar Navodaya Vidyalaya to train these students. Students are chosen based on a selection test.
The training centers are situated in the Dakshana Valley in Maharashtra and at the Jawahar Navodaya Vidyalaya campuses in Bangaluru, Pune, Lucknow, Silvasa, Bundi, Kottayam and Rangareddy. Students receive accommodation, food and medical services.