India, June 15 -- Tata Trusts will increase its philanthropic spending to about Rs 2,000 crore in the current fiscal, according to its CEO Siddharth Sharma, who hit back at media focusing only on 'chaos' in the congregation of charities that control Tata Sons, the holding company of the over USD 180 billion Tata Group.

Seeking to put "the record straight about the core activity of the Tata Trusts, for which we exist- philanthropy", in a post on LinkedIn, Sharma bemoaned the media amplifying "certain narratives unfortunately, at times, without verification & analysis- that happens", terming it "both the reality and the tragedy of our times".

Recollecting how the Tata Trusts came into existence and its purpose, he wrote, "As the majority ...