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The number philanthropists in India with over ₹100 crore annual donations have grown from just two in 2018 to 18 in this year’s EdelGive-Hurun India philanthropy list released on Thursday.
China— with nearly twice as many billionaires and a GDP five times larger than India— has ‘only’ 25 philanthropists donating over ₹100 crore.
Shiv Nadar of HCLTech has topped the list for the third time in the last five years by donating ₹5.9 crore a day adding up to ₹2,153 crore this year.
He was followed by Mukesh Ambani and Bajaj family with a donation of ₹407 crore and ₹352 crore. Kumar Mangalam Birla and Gautam Adani came close by giving away ₹334 crore and ₹330 crore.
The EdelGive-Hurun India Philanthropy list finds 96 new entrants, taking the total to 203 individuals who have donated ₹8,783 crore, up 55 per cent from two years back. The new additions to the list have donated ₹1,556 crore.
Nikhil Kamath, 38, of Zerodha, was the youngest philanthropist, donating ₹120 crore.
The most generous among the new entrants was Krishna Chivukula, Chairman, Indo MIM Technologies, with a donation of ₹228 crore. He donated the money to his alma mater IIT Madras. He did BTech from IIT Bombay and completed MTech in aerospace engineering from IIT-M in 1970. Later, he did MBA from Harvard Business School (1980).
With a donation of ₹154 crore, Rohini Nilekani, 65, is the most generous woman on the list.
Anas Rahman Junaid, Founder and Chief Researcher, Hurun India said the threshold to enter India’s top 10 philanthropists has doubled touching ₹154 crore, up from ₹83 crore five years ago.
The top 10 individuals on the EdelGive-Hurun India Philanthropy list collectively contributed ₹4,625 crore in FY24, accounting for nearly 53 per cent of the total donations on the list.
Six of these top donors have focused their CSR efforts primarily on education, underscoring a strong commitment to enhancing access to quality learning and supporting educational initiatives across India.
Naghma Mulla, CEO, EdelGive Foundation said the list aims to decode and catalogue the philanthropic landscape, identifying the key players, their motivations and the causes of funding.
The EdelGive Foundation strongly believes in supporting both funders and grassroots organisations by bridging the gap between them to build a cohesive and efficient ecosystem, she said.
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