Sahu Shanti Prasad Jain was an Indian industrialist and philanthropist. He was the son-in-law of Ramkrishna Dalmia and former chairman of Bennett, Coleman. His family, Sahu Jains, 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. 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. 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. 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. 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. Bennett Coleman In 1947, Ramkrishna Dalmia engineered the acquisition of 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. 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. Organizations He was a major supporter or founder of