Gone are the days when philanthropists used to set up Trusts for imparting education to children fro primary level up to the highest level. Profits earned from business or industry was ploughed back for social service through these Trusts. Other philanthropists could also contribute to these trusts depending on their interest.

With passage of time Trusts were replaced by Societies which would establish educational institutions and run them on no profit no loss basis. Most of these societies used to receive grants from govts. But these were never a source of profit. By definition also, societies could not have made profits.But a look at any society would make it clear that are not only making profits but making huge profits. It is another matter they get away from any legal problem by adjustments as per advice of Chartered accountants hired from the huge fee collected from students. These so called " group of institutions" keep on adding one institution every year or two. The life style of "owners" of these institutions is to say the least, extremely ostentatious, some times leaving behind the corporate bigwigs.

The only victim are the students and their parents who are required to a capitation fee as high as one crore for admission to medical PG courses. Whenever attempts have been made to regulate the fee, they lost no time in purchasing the officers of accrediting bodies like the MCI, AICTE, DCI etc. If Income tax authorities were to investigate into the wealth of these inspecting officers and office bearers of these bodies huge amount of black money is sure to be unearthed. Recently , assets worth Rs. 200 crores were found with a compounder with a monthly salary of less than 50000/- pm.

We can not think of providing quality education till such time institutions are owned and run by liqour, mining contractors or property dealers.