Founder of HCL Shiv Nadar and Infosys co-founder Kris Gopalakrishnan and his wife Sudha Gopalakrishnan occupy the top two slots in the Hurun India Philanthropy List 2016, a ranking of the most generous individuals from India.
Founder of HCL Shiv Nadar and Infosys co-founder Kris Gopalakrishnan and his wife Sudha Gopalakrishnan occupy the top two slots in the Hurun India Philanthropy List 2016, a ranking of the most generous individuals from India. The Hurun Research Institute on Thursday released its latest India Philanthropy List, which kept Reliance Industries chairman Mukesh Ambani on the third spot.
Shiv Nadar donated R630 crore towards education, while Kris along with his wife donated R313 crore primarily towards healthcare, social development and education. Ambani contributed R303 crore towards causes such as education, rural development, sports, health and to Swach Bharat. Kiran Mazumdar-Shaw, chairperson of Biocon donated R45 crore to healthcare, education and social development.
Ajay Piramal donated R111 crore towards education, healthcare, rural development and women empowerment. Education accounts for 35% of the total donations and remains the most favoured philanthropic cause. With ten individuals, Mumbai is home to most of the Hurun philanthropists, followed by Bengaluru and Delhi. The average age of donors is 65 years.
Cyrus S Poonawalla of Poonawalla Group donated R250 crore towards healthcare, while Rahul Bajaj & family donated R244 crore towards education. With a donation of Rs 21 crore, Kumar Mangalam Birla of Aditya Birla Group is the youngest philanthropist on the list, eldest being Pallonji Mistry (87) of Shapoorji Pallonji Group who contributed R68 crore.
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With nine dropouts from the list, Indian philanthropy is at R2,334 crore with an average donation per philanthropist being R86 crore.
To prepare this list, Hurun Report surveyed 300 of India’s most successful entrepreneurs, including those from the Hurun India Rich List 2016 with cross reference to media reports and charitable foundations between January 1, 2016 to December 31, 2016. In 2015, Azim Premji had transferred a significant part of his shareholding amounting to 39% of the shares of Wipro to a trust and foundation, which has been taken into account last year. Since this is a one-time philanthropic donation, it has not been included this year, the statement said.