The Foundation was created by Mr. Indoo Shivdasani in 1976 and registered as a Charitable Trust in Liechtenstein in the same year. The Foundation was created to incorporate the existing philanthropic work of the founder, and to provide a permanent independent body for the expansion of these activities.

The major objective of the Foundation is to identify exceptionally talented young Indian students and support them financially to develop their special skill and talents to the maximum. It achieves this by awarding scholarships to outstanding young students to continue their post-graduate study/research abroad. Over the last three decades, more than 300 scholars have benefited from these scholarships.

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