‘India’s most generous’: Shiv Nadar tops philanthropy list for 2022, Azim Premji at No.2 – Times of India
Meanwhile, Wipro’s Azim Premji slipped to the second spot with an annual donation of Rs 484 crore,
The third and the fourth spot were occupied by Reliance Industries chairman Mukesh Ambani and Aditya Birla Group chairman Kumar Mangalam Birla, respectively. Ambani donated Rs 411 crore in a year, and Birla donated Rs 242 crore in the same period.
This is the ninth annual ranking of the most generous individuals in India and this year’s EdelGive Hurun India Philanthropy List 2022 features individuals who have donated Rs 5 crore or more during the period under review.
Nadar has been very consistent in giving and is only 8% lower than his donations in FY21. Premji’s contribution towards philanthropy has fallen by 95% year-on-year due to the exceptional share buy-back in 2021. P
remji’s two charities have been made partners in three companies that hold his 56% stake in Wipro Ltd, allowing the trusts to receive monetary gains from the shares even as Premji retains the voting rights.
The Azim Premji Foundation India Private Limited is perhaps one of the largest endowments in the world valued at $21 billion. The foundation was registered in February 2000 and was to be funded solely by Premji by way of transfer of his personal shares to the Foundation. The primary goal of the Foundation is to contribute to a society that is “a just, equitable, humane and sustainable society” as envisaged in the Constitution of India.
Reliance’s Mukesh Ambani channelizes his charitable activities through Reliance foundation with focus on education and healthcare. Reliance produced 1,000 tonne of oxygen every day during the second wave and provided it free to states for over 1 lakh patients. Besides, it set up 2,000 beds hospital for Covid care. Over 8.5 crore free meals were distributed to frontline workers and vulnerable communities.
Kumar Mangalam Birla & family with a donation of Rs 242 crore are ranked fourth in the list. The family has contributed around Rs 75 crore in their personal capacity. The Aditya Birla Group works in 7,000 villages, reaching out to 9 million people annually. Globally, the CSR spend of the group exceeds Rs 500 crore. The main focus of the group is on healthcare, education, sustainable livelihood, infrastructure, and social reform.
Susmita and Subroto Bagchi, alongside Radha and NS Parthasarathy ranked fifth with a combined donation of Rs R 425 crore to the Indian Institute of Science (IISc). The contribution will help the institute to build an 800-bed multi-speciality hospital and a postgraduate medical school. This is the single largest private donation IISc has received. Both Subroto and Parthasarathy are co-founders of Mindtree.
With a donation of Rs 190 crore, Gautam Adani & family, 60, ranks 7th. Adani Foundation works in Education, Community Health, Sustainable Livelihood, and Community Infrastructure Development in alignment with the Sustainable Development Goals. The Foundation donated Rs 122 crore to support Covid related relief efforts across the country.
With a donation of Rs 165 crore, Anil Agarwal & family, 69, is at the 8th position. Agarwal has increased his contribution by 27% from last year. The philanthropic arm of India’s leading diversified natural resources conglomerate, Vedanta Limited is celebrating ‘Poshan Maah 2022’ by introducing 75 Poshan recipes for children and women across all Vedanta Nand Ghars. Project Nand Ghar, the flagship initiative of Anil Agarwal Foundation (AAF), strives to strengthen the nutritional portion with these 75 healthy recipes.
With a donation of Rs 159 crore, Infosys’s Nandan Nilekani, 67, ranks 9th. Nilekani is the co-founder and chairperson of EkStep Foundation. He is the co-founder and chairman of Infosys Technologies Limited. The Nilekani’s have signed the ‘Giving Pledge’, which commits half their wealth to philanthropic causes.
Larsen & Toubro’s Group executive chairman AM Naik is ranked 10th with a donation of Rs 142 crore in FY2.
Youngest phipanthropist
Nikhil Kamath, 36, of Zerodha was the youngest philanthropist on the EdelGive Hurun Philanthropy List 2022. He and his brother Nithin Kamath increased their donation by 300 per cent to Rs 100 crore this year for different philanthropic causes.
India’s most generous women – 2022
With a donation of Rs 120 crore, Rohini Nilekani, 63, tops the list of the most generous woman, followed by Leena Gandhi Tewari and Anu Aga who donated Rs 21 crore and Rs 20 crore, respectively.
Ajit Isaac, Chairman of Quess Corp, was the new entrant on list at the 12th spot with an enormous donation of Rs 105 crore to the Indian Institute of Science (IISc) Bengaluru.
Rakesh Gangwal, co-promoter of Indigo Airlines, also featured for the first time on the list with a Rs 100 crore personal donation to the School of Medical Sciences & Technology at IIT, Kanpur.
AM Naik, 80, group chairman of Larsen & Toubro, who donated Rs 142 crore is the first professional manager to enter the top 10 in EdelGive Hurun Philanthropy List.
“Over the last 5 years, number of donors who have given more than Rs 100 crore have grown from 2 to 15, and over Rs 50 crore have grown from 5 to 20. Considering the wealth creation potential of India and assuming that the billionaires keep up with philanthropy, I expect these numbers to at least double over the next 5 years,” said Anas Rahman Junaid, MD and Chief Researcher, Hurun India.
New trend
“The cohort of senior and young tech entrepreneurs holds the potential to play a crucial role in meeting the country’s social sector fund requirement. For instance, Nikhil and Nithin Kamath and Binny Bansal increased their donations by more than 100% compared to last year. Many such acts from founders of start-ups could kick the Indian philanthropy curve into a higher orbit,” added Junaid.
Cumulative personal donations grew by 50% to Rs 3097 crore, and this constitutes 55% of donation in the list.
Top 10 new entrants in EdelGive Hurun India Philanthropy List 2022
The number of philanthropists who have donated over Rs 10 crore has increased by 116% in the last four years to 80 this year from 37 in 2018.
Moreover, driven by the pandemic, donations towards Covid relief surged 44 times to Rs 473 crore.
Education has emerged as the most favoured cause with 75 philanthropists donating Rs 1233 crore towards it.
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