103.108.120.174: /* Organizations */

2021-06-03T17:51:37Z

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{{Use Indian English|date=December 2015}}
{{Use dmy dates|date=December 2015}}
{{Infobox person
| name = Sahu Shanti Prasad Jain
| image =
| caption =
| birthname =
| birth_date = 22 May 1911
| birth_place = Najibabad
| death_date = {{death date and age|1977|10|27|1911|5|22|df=yes}}
| death_place =
| education =
| occupation = [[Industrialist]] and [[Philanthropist]]
| years_active = 1944–1977
| alias =
| status =
| title =
| family = [[Shreyans Prasad Jain]]
[[Sahu Ramesh Chandra Jain]]
| spouse = RamaRani Jain
| children = [[Ashok Kumar Jain]]<br />Alok Jain<br />Manoj Jain<br />Alka Jain
| salary =
| networth =
| credits =
| agent =
}}

'''Sahu Shanti Prasad Jain''' was an [[industrialist]] and [[philanthropist]] of India. He was the son-in-law of [[Ramkrishna Dalmia]] and former chairman of [[Bennett, Coleman & Co. Ltd.|Bennett, Coleman]]. His family, [[Sahu Jain]]s, owns the [[Times of India]] newspaper group.

==Early age and education==
He was born in the [[Sahu Jain Family]] at [[Najibabad]] in [[Uttar Pradesh]] on 22 May 1911.{{Citation needed|date= April 2018}} His grandfather was Sahu Salekh Chand Jain who was involved in religious and charitable activities. His parents were Sahu Diwan Singh and mother Murti devi.{{Citation needed|date= April 2018}} Sahu Shanti Prasad received his primary education in Najibabad and his college education was first in [[Meerut]] and later at [[Banaras Hindu University]]. He did his [[B.Sc.]] from [[Agra University]].{{Citation needed|date= April 2018}}

==Career==
He founded [[Bharatiya Jnanpith]] on 18 February 1944 at the suggestion of many scholars who had gathered at Varanasi for All India Oriental Conference. He was the Trustee-Founder and his wife Rama Dalmia Jain was Trustee-president. Since 1965 Bharatiya Jnanpith has been awarding Annual Literary Award [[Jnanpith Award]] for the best creative Indian Literary work of a specified period.<ref>'Progressive Jains' by Mr. Satish Kumar Jain</ref>

Though he belonged to a family of landlords and financiers, it was his father-in-law [[Ramkrishna Dalmia]]'s who heralded his entry into big industrial business by handing over charge of the famous Rohtas Industries Ltd at [[Dalmianagar]] in Bihar. Under his stewardship, Dalmianagar, developed into a massive industrial town with factories producing sugar, cement, paper, chemicals, ''vanaspati'' etc. employing top professionals of the country.{{Citation needed|date=May 2018}}

===Bennett Coleman===
In 1947, [[Ramkrishna Dalmia]] engineered the acquisition of [[Bennett, Coleman & Co. Ltd.|Bennett, Coleman]] by transferring moneys from a bank and an insurance company of which he was the Chairman. In 1955, this came to the attention of the socialist parliamentarian [[Feroze Gandhi]] who was part of the ruling Congress party headed by his estranged father-in-law [[Jawaharlal Nehru]]. In December 1955, he raised the matter in parliament, documenting extensively the various fund transfers and intermediaries through which the acquisition had been financed. The case was investigated by the Vivian Bose Commission of Inquiry.<ref name=au>Auletta. Page 55.</ref>

In the court case that followed, where Dalmia was represented by the leading British attorney Sir Dingle Mackintosh Foot, he was sentenced to two years in [[Tihar Jail]]. Upon his release, Ramkrishna approached his son-in-law Sahu Shanti Prasad Jain to whom he had entrusted running of Bennett, Coleman & Co. Ltd for taking back the command. But Sahu rebuffed Ramkrishna's efforts to resume command of the company.<ref name=au/>

==Organizations==
He was a major supporter or founder of these organizations.

# Prakrit Research Institute, Vaishali (Bihar)
# [[Syadvad Mahavidyalaya]] (college), Benaras
# [[Shanti Prasad Jain College]], [[Sasaram]], [[Bihar]]
# Non-violence Expansion Committee, Calcutta
# [[Varni Sanskrit Vidyalaya]] (school), Sagar
# Sahu Archaeological Museum, [[Deogarh, Uttar Pradesh]]
# All India Digambar Jain Holy Places Committee, Mumbai
# Digambar Jain Committee
# Sahu Jain College, Najibabad
# Moorti Devi Saraswati Inter College, Najibabad
# Moorti Devi Kanya Vidyalaya, Najibabad
# Indian Art Jain Research Institute, [[Moodabidri]]
# Shraman Jain songs Pracharak Sangh (inspired by Muni Vidyananda ji)
# Rama Jain Kanya Mahavidyalaya, Najibabad

==FERA violation charges==
During Nehru's regime, the trade with other countries and the foreign currencies were strictly regulated. Jain was caught, and subsequently arrested, at Palam airport (in latter day Delhi) for bringing in foreign currency. The event was blacked out by the Times of India, even though other newspapers carried the story.<ref name=google1>{{cite book|url=https://books.google.com/books?id=Rs52IWA2kLMC&q=Ashok+jain+arrested&pg=PA107 |title=White-Collar Crimes - Girish Mishra, Braj Kumar Pandey - Google Books |isbn=9788121205900 |accessdate=2012-04-21|last1=Mishra |first1=Girish |last2=Pandey |first2=Braj Kumar |year=1998 }}</ref>

In a repeat of sorts, Jain's son Ashok was indicted and arrested in 1998,a year before his death, in connection with an alleged violation of the FERA ([[Foreign Exchange Regulation Act]]). Again, the Times was accused of distorting facts pertaining to the case, even giving Ashok's indictment by the Enforcement Directorate the tint of a larger conspiracy against the Jain community in general.<ref name="google1"/> Adding to the controversy were sacked editor H.K. Dua's claims that his dismissal was retaliation for his refusal to comply with Ashok Jain's request to help him out by using his editorial position to build up public support besides lobbying with politicians.

==Awards==
He was called Shravak Shiromanit by the Jain community.{{Citation needed|date= April 2018}}

==Legacy==
He died on 27 October 1977, two years after the death of his wife. His work was continued by his brother Sahu [[Shreyans Prasad Jain]] and also his son Sahu [[Ashok Kumar Jain]]. Today the [[Times Group]] that runs [[Bennett, Coleman & Co. Ltd.]] has turned out to be a huge media empire with interest in newspaper, radio, TV and internet and run by his grandsons Sahu Samir Jain and Sahu Vineet Jain.

==See also==
* [[Nattal Sahu]]
* [[White Collar Crime]]

==References==
{{Reflist}}

==External links==
* [http://www.jaina.org/educationcommittee/education_material/F10_Jain_Legends/Shanti%20Prasadji_Atmanandji.doc Shravak Shiromani Sahoo Shri Shantiprasadji]{{dead link|date=March 2018 |bot=InternetArchiveBot |fix-attempted=yes }}

{{DEFAULTSORT:Jain, Sahu Shanti Prasad}}
[[Category:20th-century Indian Jains]]
[[Category:Businesspeople from Uttar Pradesh]]
[[Category:Banaras Hindu University alumni]]
[[Category:People from Bijnor district]]
[[Category:The Times Group people]]
[[Category:1911 births]]
[[Category:1977 deaths]]
[[Category:20th-century Indian businesspeople]]

Sahu Shanti Prasad Jain - Revision history

103.108.120.174: /* Organizations */