Shiv Nadar, Azim Premji top philanthropy list

IT czars Shiv Nadar and Azim Premji topped the philanthropy list with a donation of ₹1,161 crore and ₹484 crore last fiscal even as the cumulative donations by the top-10 givers plunged to ₹3,378 crore against the ₹12,785 crore logged last year.

Mukesh Ambani and Kumar Mangalam Birla followed with donations of ₹411 crore and ₹242 crore, according to the EdelGive Hurun India Philanthropy List 2022. However, India’s richest business man, Gautam Adani, who gave away ₹190 crore, was ranked seven in the pegging order.

AM Naik of L&T was the only professional to enter the top-10 with a donation of ₹142 crore. The overall donation by the movers and shakers of India Inc plunged to ₹5,666 crore against the ₹14,755 crore registered last fiscal and ₹11,984 crore logged in FY21.

Contributions fell last fiscal due to the huge base effect of pandemic spending and an exceptional contribution of ₹7,807 crore last year by Azim Premji to his two philanthropic trusts. The 19 new entrants cumulatively donated ₹832 crore, with payment of ₹213 crore each by Midtree promoters Susmita-Subroto Bagchi and Radha-NS Parthasarathy of Mindtree featuring among the top-10 donors.

Interestingly, the number of individuals who had donated over ₹5 crore increased marginally to 108 last fiscal from 105 recorded in previous fiscal, while the size of IIFL Hurun Rich List jumped 10 per cent to 1,103 against 1,007.

This is despite the cut-off to enter the Hurun Rich List is ₹1,000 crore and the same for philanthropy is kept at ₹5 crore to widen the reach. Interestingly, the list includes the CSR spend to the promoters proportionate to their holding. In the long-run, Hurun India plans to focus only on private philanthropy.

While Nadar and Premji topped the personal philanthrophy list with donation of ₹1,043 crore and ₹344 crore, Ambani and Birla failed to make it to the top-10. Rohini Nilekani contributed ₹120 crore in her personal capacity.

Anas Rahman Junaid, Managing Director, Hurun India, said cumulative personal donations grew 50 per cent to ₹3,097 crore, and this constitutes 55 per cent of donations in the list.

Considering wealth creation potential of India and assuming that the billionaires keep up with philanthropy, the number of donors to at least double over the next five years, he added.

Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here

Related Posts
Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month thumbnail

Ethereum Gas Fees Are Currently 62% Cheaper Than Last Month

Since November 9, 2021, or 46 days ago, transaction fees on the Ethereum network have been cut by more than half the rate they were on that day. At the time, the average fee to move ethereum was $62.84 per transfer and since then, the fees have dropped 62.85% to $23.34 per transaction. From $62…
Read More
Breaking the Mold: Subhamoy Chakraborti Leads the Digital Transformation of News Media thumbnail

Breaking the Mold: Subhamoy Chakraborti Leads the Digital Transformation of News Media

Interview06 Jul 20239 mins Digital TransformationMedia and Entertainment Industry “It is important to foster a culture where employees are innovative, experimentative, and attuned to embrace newer technologies while keeping the foundation stable,” says Subhamoy Chakraborti, CTO of ABP. Scarcely is an institution as important to a nation as a competent and impartial media house. ABP
Read More
A new report identifies the highest-rated construction jobs thumbnail

A new report identifies the highest-rated construction jobs

Dive Brief: Electricians have the best home improvement jobs in 2022, according to a new study that considers pay, job growth and ease of joining the industry. High earning potential, strong growth opportunities and an established field placed electricians at the top of the list for Porch, a site that connects homeowners with local contractors.…
Read More
The Pope: let's not close our eyes to migrants, it's a social scandal thumbnail

The Pope: let's not close our eyes to migrants, it's a social scandal

Udienza generaleIl Pontefice: pensiamo a tanta gente vittima delle guerre che vuole fuggire dalla sua patria ma non può. Pensiamo ai migranti che cominciano quella strada per essere liberi e tanti finiscono sulla strada o nel mare29 dicembre 2021Migranti, Papa: "In fuga come Gesù, è uno scandalo sociale dell'umanità"2' di letturaQuella dei migranti «è una…
Read More
HG Construction bags £60m leisure complex thumbnail

HG Construction bags £60m leisure complex

The 200,000 sq ft scheme forms part of Colchester Borough Council’s Northern Gateway. It includes a 12-screen Cineworld, seven restaurants, two drive-thru restaurants, a 90-bed Travelodge hotel, Hollywood Bowl bowling alley, Puttstars indoor golf centre and a Jump Street climbing centre. Natalie Greig, Associate Director of Turnstone Estates, said: “We are delighted to reach this…
Read More
Top cryptos in the green, US markets in turmoil thumbnail

Top cryptos in the green, US markets in turmoil

Most top cryptos by market cap are in the green. EU Commissioner for Home Affairs Ylva Johansson says Europe is open to cryptocurrency, but needs the proper regulation. The UAE is looking to finalize licensing for virtual asset providers as it hopes to attract major crypto companies. Markets in the US faced another week of…
Read More
Index Of News
Consider making some contribution to keep us going. We are donation based team who works to bring the best content to the readers. Every donation matters.
Donate Now

Subscription Form

Liking our Index Of News so far? Would you like to subscribe to receive news updates daily?

Total
0
Share