EdelGive Hurun India Philanthropy List 2021

Source:Hurun Report
Author:Hurun Research Institute
IssueTime:2021-10-28

Hurun India and EdelGive today released the EdelGive Hurun India Philanthropy List 2021. This is the 8th annual ranking of the most generous individuals in India.

 

EdelGive Hurun India Philanthropy List 2021

Key Highlights

WITH AN ANNUAL DONATION OF INR 9,713 CRORE, AZIM PREMJI,76, RETAINS ‘INDIA’S MOST GENEROUS’ TITLE FOR THE SECOND YEAR RUNNING. HE DONATED INR 27 CRORE PER DAY!

PREMJI IS THE ONLY LIVING INDIAN TO FEATURE IN EDELGIVE HURUN INDIA PHILANTHROPISTS OF THE CENTURY.

HCL’S SHIV NADAR, 76, RETAINS THE SECOND SPOT WITH AN ANNUAL DONATION OF INR 1,263 CRORE 

WITH A DONATION OF INR 577 CRORE, INDIA’S RICHEST MAN, MUKESH AMBANI,64, CAME THIRD IN EDELGIVE HURUN INDIA PHILANTHROPY LIST 2021

HURUN RESEARCH FINDS 11 INDIVIDUALS IN INDIA, WHO MADE AN ANNUAL DONATION OF OVER INR 100 CRORE, 20  OVER 50 CRORE AND 42 OVER 20 CRORE

AM NAIK, 79, FORMER CHAIRMAN OF L&T, DONATED INR 112 CRORE TO ENTER THE EDELGIVE HURUN INDIA PHILANTHROPY LIST 2021 AND IS INDIA’S MOST GENEROUS PROFESSIONAL MANAGER 

B PARTHASARADHI REDDY & FAMILY (67), OF HETERO DRUGS INCREASED HIS DONATION BY 300% AND DONATED INR 67 CRORE 

WITH A DONATION OF INR 50 CRORE, THE BIG BULL, RAKESH JHUNJHUNWALA STORMED INTO THE EDELGIVE HURUN INDIA PHILANTHROPY LIST 2021 AND IS THE MOST GENEROUS NEW ENTRANT 

GIVE IT BACK LIKE INFOSYIANS - NANDAN NILEKANI, ROHINI NILEKANI, CHRIS GOPALAKRISHNAN AND SD SHIBULAL DONATED INR 183 CRORE, INR 69 CRORE, INR 50 CRORE AND INR 35 CRORE ARE RANKED 5, 14, 19, AND 23 RESPECTIVELY 

BOLLYWOOD SUPER STAR AKSHAY KUMAR, 54, WHO DONATED INR 26 CRORE, DEBUTS THE EDELGIVE HURUN INDIA PHILANTHROPY LIST 2021 

ZERODHA’S FOUNDERS, NITHIN KAMATH, 42, AND NIKHIL KAMATH, 35, DEBUT THE LIST WITH A DONATION OF INR 25 CRORE 

NIKHIL KAMATH, 35, IS THE YOUNGEST PHILANTHROPIST ON THE EDELGIVE HURUN INDIA PHILANTHROPY LIST 2021 

17 NEW ADDITIONS TO THE LIST; TOTAL DONATIONS BY NEW ADDITIONS AT INR 261 CRORE 

9 WOMEN PHILANTHROPISTS FEATURE ON THE LIST

WITH A DONATION OF INR 69 CRORE, ROHINI NILEKANI,62, IS THE MOST GENEROUS WOMAN PHILANTHROPIST IN THE LIST; FOLLOWED BY LEENA GANDHI TEWARI AND ANU AGA WHO DONATED INR 24 CRORE AND INR 20 CRORE RESPECTIVELY. 

WITH A DONATION OF INR 19 CRORE, THE PHILANTHROPY COUPLE, AMIT CHANDRA (52) AND ARCHANA CHANDRA (50), ARE THE ONLY OTHER PROFESSIONAL MANAGERS IN THE LIST 

NO. OF PHILANTHROPISTS WHO HAVE DONATED MORE THAN INR 10 CRORE INCREASED BY CIRCA 100% OVER THE LAST 3 YEARS, FROM 37 TO 72 THIS YEAR

ANAND MAHINDRA, 66, OF MAHINDRA AND MAHINDRA DONATED INR 63 CRORE AND IS RANKED 16TH

SANJIV GOENKA, 60, OF CESC DONATED INR 33 CRORE, GAINED 14 RANKS AND IS CURRENTLY RANKED 24

RONNIE SCREWVALA, 65, OF UNILAZER VENTURES DONATED INR 23 CRORE AND IS RANKED 37

KOCHOUSEPH CHITTILAPPILLY, 70, OF V-GUARD DONATED INR 22 CRORE AND IS RANKED 39

WITH A DONATION OF 15 CRORE, DILIP SHANGHVI, 66, DEBUTS THE EDELGIVE HURUN INDIA PHILANTHROPY LIST 2021

BIG B AMITABH BACHCHAN, 79, WHO DONATED INR 15 CRORE, DEBUTS THE EDELGIVE HURUN INDIA PHILANTHROPY LIST 2021 

BINNY BANSAL, 38, WHO INCREASED HIS ANNUAL DONATIONS BY 155%, DONATED INR 14 CRORE, MOVED UP IN RANKING BY 52 SPOTS 

     VINOD KUMAR AGARWAL (57) OF AGARWAL COAL CORPORATION INDORE, DEBUTS THE LIST WITH A DONATION OF INR 11 CRORE

DRIVEN BY PANDEMIC, DONATIONS TOWARD DISASTER RELIEF SHOT UP FROM 3% LAST YEAR TO 13% OR INR 1,556CRORE

WITH 72 PHILANTHROPISTS CUMULATIVELY DONATING INR 9,659 CRORE, EDUCATION IS THE MOST FAVOURED CAUSE.  WITH 60 DONORS, DISASTER RELIEF & MANAGEMENT REGISTERED A 433% INCREASE IN CUMULATIVE DONATION, FOLLOWED BY HEALTH CARE, WHICH HAD 65 DONORS, REGISTERING A CUMULATIVE DONATION OF INR 859 CRORE OR AN INCREASE OF 14%

56 SELF-MADE PHILANTHROPISTS 

THE AVERAGE AGE IS 67 YEARS OLD, 1 YEAR OLDER THAN LAST YEAR

BASED ON PLACE OF RESIDENCE, MUMBAI LED WITH 31% OF THE LIST; FOLLOWED BY NEW DELHI, ACCOUNTING FOR 17% AND BENGALURU AT 10%

THE PHARMA INDUSTRY HAS THE LARGEST NUMBER OF PHILANTHROPISTS ON THE LIST, ACCOUNTING FOR 20%, FOLLOWED BY AUTOMOBILE AND AUTO COMPONENTS AT 11%, AND SOFTWARE AND SERVICES AT 10%

HURUN REPORT, THE WORLD’S LARGEST RICH LIST COMPILER, AND EDELGIVE FOUNDATION, THE PHILANTHROPIC ARM OF THE EDELWEISS GROUP, RELEASED THE EDELGIVE HURUN PHILANTHROPY LIST FOR THE 8TH CONSECUTIVE YEAR

EDELGIVE and HURUN INDIA release EdelGive Hurun India Philanthropy List 2021

 

 

(28 October 2021, Mumbai) Hurun India and EdelGive today released the EdelGive Hurun India Philanthropy List 2021. This is the 8th annual ranking of the most generous individuals in India. This is our attempt to highlight India’s remarkable givers and to capture the growing importance of individual givers in India's philanthropic landscape towards nation-building. Donations were measured by the value of their cash or cash equivalents from 1 April 2020 to 31 March 2021. This is the eighth year of the list and it follows on from the Hurun India Rich List, a ranking of 1,007 richest individuals in India, released in September 2021 for the tenth year.

 

EdelGive Foundation has partnered with Hurun India towards creating this report to understand philanthropic giving in the country from a data and evidence point of view. The report is not only significant in understanding data of giving but also throws light on the sectors and geographies that are at the receiving end of this giving. Through this report, we aim to bring to notice the strength of the social sector and access areas which require further growth.

 

This year’s EdelGive Hurun India Philanthropy List 2021 features individuals who have donated INR 5 crore or more during the period under review.

 

“EdelGive Foundation and Hurun India have been collaborating on the EdelGive Hurun Philanthropy List for the last 3 years, during which time, both organisations have had the privilege of documenting and analysing the constantly evolving patterns of philanthropic giving in India. This year, the EdelGive Hurun India Philanthropy List 2021, provides us with yet another important opportunity to gain profound insights into the mind-sets and motivations that drive philanthropy in India as it emerges from a paradigm-shifting Covid-19 Pandemic.” – Vidya Shah, Executive Chairperson, EdelGive Foundation.  

 

Commenting on the launch, Anas Rahman Junaid, MD and Chief Researcher, Hurun India, said,

6 times in 5 years. The cumulative donation in EdelGive Hurun India Philanthropy List has grown from just under INR 2,500 crore to more than INR 14,750 crore today. Considering the current wealth creation velocity in India, in 5 years, I expect the cumulative donation to grow to at least INR 30,000 crore. The stories of the entrepreneurs on the EdelGive Hurun India Philanthropy List, help tell the story of modern philanthropy in India today

“Entrepreneurs from Pharmaceutical and Software & Services sectors, which are the top wealth creators in Hurun India Rich List 2021, have interestingly secured the top position in terms of cumulative value of donations too. Some of the tech entrepreneurs, who I have interacted with, are in the process of finalising substantial “giving back” plans to causes ranging from education to climate change. For instance, the Kamath brothers of Zerodha have plans to give back INR 750 crore over the next 3 years. I expect to see more such new wealth creators turned givers gaining a spot in the future editions of EdelGive Hurun India Philanthropy Lists.”

 

“I am very stoked that more young entrepreneurs are venturing into philanthropy. Last year’s best news was Binny Bansal being the first philanthropist under the age of 40 to enter the EdelGive Hurun India Philanthropy List. This year, Nikhil Kamath, 35, is the youngest on the list. I hope this will inspire more young wealth creators to not only donate but also to speak more about their donations.''

 

“Another promising trend is the increase in private donations. 80% of the cumulative donation on the EdelGive Hurun India Philanthropy List 2021 constitutes personal philanthropy, that is, the donations that are in excess of stipulated mandatory CSR spend. Number of personal philanthropists on the list has increased by 85%, from 21 last year to 39 today. “

 

“C-level executives have been playing a very impactful role in Indian philanthropy. This year’s list includes AM Naik who donated INR 112 crore and Amit Chandra and Archana Chandra who have donated INR 19 crore. This is impressive considering the fact that they are amongst the top 100 philanthropists in the country - ahead of more than 900 individuals who featured on the Hurun India Rich List. Some of the other professionals who are serious philanthropists, but have not yet featured on the list, include KP Balraj, VT Bharadwaj and so on.”

 

The preferred cause of India’s top philanthropists has been Education, although on the back of Covid-19, Disaster Relief has grown dramatically to become the second most popular cause this year.  I hope the EdelGive Hurun Philanthropy List can help people understand the mindset of some of India’s most successful entrepreneurs and philanthropists, as well as inspire future generations to give back.”

 

“One of the core objectives of Edelgive Hurun India Philanthropy List is to highlight more stories about philanthropists who have donated in their personal capacity. If we were to add the taxes paid on the dividend payout, which was allocated towards philanthropy, the value of private donations would be even higher.”

 

“Although only 9 women have entered this year’s list, it is important to highlight the role played by women when it comes to running the family’s charitable trusts. For instance, in most of the family-run businesses that are featured on the list, the spouses of the entrepreneurs are at the helm of the charitable trusts.”

 

“The sense of philanthropy deeply concurs with our Indian ethos and is widely evidenced by some of the industrialists from our previous generation. For instance, In June 2021, Hurun Research and EdelGive Foundation released the 2021 EdelGive Hurun Philanthropists of the Century, a ranking of the world’s most generous individuals from the past century. With total donations value estimated at US$102.4bn, Mumbai-based Jamsetji Tata (1839-1904), was the world’s biggest philanthropist of the last century.”

 

“With India boasting of the third largest billionaire population in the world at 237 billionaires and the fastest-growing one at that, we believe that we truly have the power to lead the change. Indian wealth creators have the potency to enable philanthropic structures, systems and processes for overall nation building. It is important to speak about these inspiring philanthropic stories and incite motivational action auguring India’s pace of ‘giving back’ to the society. We need to create forums to celebrate such efforts so that it percolates down to every level of the community and encourages us to embrace the spirit of altruism and humane-living,” concluded Anas Rahman Junaid, MD and Chief Researcher, Hurun India.

 

Top 10 Philanthropists

 

There was only one new face on the India Top 10 this year, despite the cut-off being up 54%.

 

Three individuals still make the India Top 10 after five years, led by Shiv Nadar and followed by Mukesh Ambani and Bajaj & family.

 

Table 1: The Top 10 in the EdelGive Hurun India Philanthropy List 2021 is shown below

Rank

Name

Donation  (INR Cr)

Change %

Primary Cause

Company

3yr Donation (INR Cr)

1(-)

Azim Premji & family

9,713

23%

Education

Wipro

18,070

2(-)

Shiv Nadar & family

1,263

59%

Arts, Culture & Heritage

HCL Technologies

2,884

3(-)

Mukesh Ambani & family

577

26%

Education

Reliance Industries

1,437

4(-)

Kumar Mangalam Birla & family

377

47%

Healthcare

Aditya Birla

732

5(+2)

Nandan Nilekani

183

15%

Societal Thinking

Infosys

546

6(+2)

Hinduja family

166

25%

Education

Hinduja

351

7(+3)

Bajaj family

136

83%

Healthcare

Bajaj

341

8(+1)

Gautam Adani & family

130

48%

Disaster Relief

Adani

302

8(-3)

Anil Agarwal & family

130

-40%

Disaster Relief

Vedanta

458

10(+24)

Burman family

114

502%

Healthcare

Dabur India

151

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2021

 

With a donation of INR 9,713 crore, Azim Premji & family, 76, the founder chairman of Wipro, tops the EdelGive Hurun India Philanthropy List 2021. The Azim Premji Trust owns 10.7% of the promoter’s shareholding in Wipro and has the right to receive all money earned from promoter shares. In June 2021, The Azim Premji Foundation nearly doubled its allocation towards the pandemic from INR 1,125 crore to INR 2,125 crore to expand work on vaccination across ten states, with a commitment to increase this further if the need demands.

 

HCL Technologies founder-chairman Shiv Nadar & family, 76, retains the 2nd spot on the EdelGive Hurun India Philanthropy List 2021. As of 2021, Nadar has invested almost a billion USD through foundation to impact over 30,000 students directly. In 2021 alone, the Shiv Nadar foundation donated INR 70 core towards COVID relief.

 

With a donation of INR 557 crore, Mukesh Ambani & family, 64, of Reliance Industries, occupies the 3rd spot in EdelGive Hurun India Philanthropy List 2021. RIL produced over 1000 MT of medical-grade liquid oxygen per day or 11% of India’s total production and supplied over 55,000 MT of medical-grade liquid oxygen across the country free of cost.

 

With a donation of INR 377 crore, Kumar Mangalam Birla & family, 54, ranks 4th on the      EdelGive Hurun India Philanthropy List 2021. The Aditya Birla Group donated INR 400 crore to the PM CARES Fund and INR 50 crore to FICCI-Aditya Birla CSR Centre for Excellence. Birla has also allocated INR 50 crore for supplying N95 Masks, PPE’s and ventilators in India.

 

With a donation of INR 183 crore, Infosys’s Nandan Nilekani, 66, ranks 5th on the EdelGive Hurun India Philanthropy List 2021. Nandan Nilekani donated INR 138 Cr for Societal Thinking in FY 2021. Nandan Nilekani & Rohini Nilekani signed the Giving Pledge in 2017 and      committed to donating half of their wealth towards philanthropy.

 

The Hinduja family ranks 6th rank on the EdelGive Hurun India Philanthropy List 2021 with a donation of INR 166 crore. Established in 1968, the Hinduja Foundation focuses on Water Stewardship, Healthcare, Education, Rural Development, and Arts & Culture.

 

With a donation of INR 136 crore, the Bajaj family ranks 7th on the EdelGive Hurun India Philanthropy List 2021. The Bajaj family has a long tradition of generous philanthropy over 100 years. In May 2021, they pledged to donate INR 200 crore to build capability and resources to tackle the pandemic.  This amount is in addition to INR 100 crore donated by the Bajaj Group in FY 21.

 

With a donation of INR 130 crore, Gautam Adani & family, 59, ranks 8th on the EdelGive Hurun India Philanthropy List 2021. Adani Foundation works in Education, Community Health, Sustainable Livelihood, and Community Infrastructure Development in alignment with the Sustainable Development Goals. The Foundation donated INR 122 crore to support COVID-19 related relief efforts across the country.

 

With a donation of INR 130 crore, Anil Agarwal & family, 68, shares 8th position on the      EdelGive Hurun India Philanthropy List 2021. In July 2021, the Anil Agarwal Foundation announced the INR 5,000 crore ‘Swasth Gaon Abhiyaan’ to provide end-to-end healthcare solutions across the rural landscape covering 1,000 villages across 24 districts and 12 states in the country.

With an INR 114 crore donation, the Burman family made it to the 10th spot on the EdelGive Hurun India Philanthropy List 2021. The Dabur Group established ‘Dabur Care Fund for COVID-19’, to protect lives and livelihood, and support those affected by the COVID-19 pandemic.

 

Personal philanthropy gaining traction over the years

 

38 individuals in EdelGive Hurun India Philanthropy List 2021 have donated INR 5 crore or more in their personal capacity compared to 20 individuals last year.

 

Table 2: Top personal Philanthropists in in the EdelGive Hurun India Philanthropy List 2021

Rank

Name

Donation (INR Cr)

Age

Primary Cause

Company

1

Azim Premji & family

9,642

76

Education

Wipro

2

Shiv Nadar & family

1,146

76

Education

HCL Technologies

3

Nandan Nilekani

183

66

Societal Thinking

Infosys

4

Kumar Mangalam Birla & family

178

54

Healthcare

Aditya Birla

5

Mukesh Ambani & family

135

64

Education

Reliance Industries

6

Hinduja family

127

-

Education

Hinduja

   7

AM Naik

112

79

Healthcare

Larsen & Toubro

8

Burman family

95

-

Healthcare

Dabur India

9

Rohini Nilekani

69

62

Environmental Sustainability

Rohini Nilekani Philanthropies

10

Samir Mehta & Sudhir Mehta

64

58,67

Disaster Relief

Torrent Pharmaceuticals

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2021

 

Some of the notable private philanthropists who donated beyond the mandatory CSR spend.

 

The former chairman of Larsen & Toubro, AM Naik donated INR 112 crore and ranks 11th on      the overall list. He has pledged to give away 75% of his income for charitable purposes. In 2009, AM Naik created The Nirali Memorial Medical Trust to channelize his contributions to the healthcare sector and The Naik Charitable Trust to enable education and skill-building.

 

Investor Rakesh Jhunjhunwala donates 25% of his annual income towards charitable work. Jhunjhunjwala’s philanthropic efforts focused on the education sector. He is a trustee of Agastya International Foundation and also supports Ashoka University.

 

Chairperson of Rohini Nilekani Philanthropies and Co-founder of EkStep, a non-profit education platform Rohini Nilekani, donated INR 69 crore in her personal capacity. Nandan Nilekani & Rohini Nilekani signed the Giving Pledge in 2017 and committed to donating half of their wealth towards philanthropy.

 

Ranked 35th on the EdelGive Hurun India Philanthropy List 2021, Nithin and Nikhil Kamath committed US$100mn (INR 750 crore) over the next few years to support individuals, organisations and companies working on solutions for climate change.

 

With a donation of INR 19 crore, Amit and Archana Chandra of the A.T.E. Chandra Foundation aim to create templates for solving various societal problems. The Foundation supports projects and initiatives in Rural Transformation and Sector Capacity Building.

 

New to this year

 

17 philanthropists debuted on the EdelGive Hurun India Philanthropy List 2021. With a donation of INR 50 crore, Rakesh Jhunjhunwala of Rare Enterprises tops the list of new entrants, followed by Hasmukh Chudgar & family of Intas Pharmaceuticals who donated INR 29 crore and Rajiv Kumar & Ravinder Kumar of Dharampal Satyapal who donated INR 28 crore.

 

Table 3: Top 10 New entrants in EdelGive Hurun India Philanthropy List 2021

 Rank

Name

Donation (INR Cr)

Age

Primary Cause

Company

1

Rakesh Jhunjhunwala

50

61

Education

Rare Enterprises

2

Hasmukh Chudgar & family

29

88

Education

Intas Pharmaceuticals

3

Rajiv Kumar & Ravinder Kumar

28

67,58

Disaster Relief

FMCG

4

Akshay Kumar

26

54

Disaster Relief

Entertainment

5

Nithin Kamath & Nikhil Kamath

25

42,35

Disaster Relief

Zerodha

6

Dilip Shanghvi

15

66

Disaster Relief

Sun Pharmaceuticals

6

Amitabh Bachchan

15

79

Disaster Relief

Entertainment

8

Radha Vembu

12

48

Disaster Relief

Zoho

9

Vinod Kumar Agarwal

11

57

Healthcare

Agarwal Coal Corporation

10

Vembu Sekar

9

50

Disaster Relief

Zoho

10

Mangal Prabhat Lodha

9

65

Healthcare

Macrotech Developers

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2021

For more details visit www.hurunindia.net

 

Change in Allocation

 

Table 4: Increased allocation (%) in EdelGive Hurun India Philanthropy List 2021

 Rank

Name

% Change

Donation(INR Cr)

Primary Cause

Company

1

Rajju Shroff & family

511%

28

Disaster Relief

United Phosphorus

2

Burman family

506%

114

Healthcare

Dabur India

3

Godrej family

341%

80

Disaster Relief

Godrej

4

Samir Mehta & Sudhir Mehta

331%

98

Disaster Relief

Torrent Pharmaceuticals

5

B Parthasaradhi Reddy & family

299%

67

Disaster Relief

Hetero Drugs

6

Dilip & Anand Surana

282%

39

Healthcare

Micro Labs

7

P P Reddy & family

262%

33

Disaster Relief

Megha Engineering & Infrastructures

7

PV Krishna Reddy & family

262%

32

Disaster Relief

Megha Engineering & Infrastructures

9

Pankaj Patel & family

257%

59

Healthcare

Cadila Healthcare

10

Leena Gandhi Tewari

158%

24

Healthcare

USV

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2021

For more details visit www.hurunindia.net

 

Table 5: Increased allocation (INR Cr) in EdelGive Hurun India Philanthropy List 2021

 Rank

Name

Change INR Cr

Donation (INR Cr)

Primary Cause

Company

1

Azim Premji & family

1,809

9,713

Education

Wipro

2

Shiv Nadar & family

467

1,263

Education

HCL Technologies

3

Kumar Mangalam Birla & family

121

377

Healthcare

Aditya Birla

4

Mukesh Ambani & family

119

577

Education

Reliance Industries

5

Burman family

95

114

Healthcare

Dabur India

6

Samir Mehta & Sudhir Mehta

75

98

Disaster Relief

Torrent Pharmaceuticals

7

Godrej family

62

80

Disaster Relief

Godrej

8

Bajaj & family

61

136

Healthcare

Bajaj

9

B Parthasaradhi Reddy & family

50

67

Disaster Relief

Hetero Drugs

10

Pankaj Patel & family

42

59

Healthcare

Cadila Healthcare

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2021

For more details visit www.hurunindia.net

 

Women in the list

 

9 women find their place in EdelGive Hurun India Philanthropy List 2021. With a donation of INR 69 crore, Rohini Nilekani of Rohini Nilekani Philanthropies is India’s most generous woman, followed by Leena Gandhi Tewari of USV who donated INR 24 crore, and Anu Aga of Thermax who donated INR 20 crore.

 

 

Table 6: India’s most generous women - 2021

 Rank

Name

Donation (INR Cr)

Age

Primary Cause

Company

1

Rohini Nilekani

69

62

Environmental Sustainability

Rohini Nilekani Philanthropies

2

Leena Gandhi Tewari

24

64

Healthcare

USV

3

Anu Aga & family

20

79

Education

Thermax

4

Manju D Gupta & family

16

78

Rural Development

Lupin

5

Radha Vembu

12

48

Disaster Relief

Zoho

6

Sara George Muthoot & family

10

71

Education

Muthoot Finance

7

Kiran Mazumdar Shaw

9

68

Education

Biocon

8

Renu Munjal & family

8

66

Disaster Relief

Hero MotoCorp

9

Kavita Yadupati Singhania & family

5

61

Environmental Sustainability

JK Cement

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2021

For more details visit www.hurunindia.net

 

Most preferred Philanthropic Cause – 2021

 

With 65% of donations, Education remains the most favoured philanthropic cause, followed by Disaster Relief & Management (13%) and Health Care (6%).

 

Table 7: Favored Philanthropic Causes of 2021

Rank

Cause

Total Donation (INR Cr)

No. of Donors

Change %

Highest Donor

Highest Individual Donation for the cause (INR Cr)

1

Education

9,658

72

4%

Azim Premji

8,501

2

Disaster Relief

1,915

60

433%

Azim Premji

1,179

3

Health Care

859

65

14%

Mukesh Ambani

182

4

Arts, Culture & Heritage

747

26

New

Shiv Nadar

721

5

Rural Transformation

167

42

-39%

Azim Premji

62

6

Societal Thinking

146

2

35%

Nandan Nilekani

138

7

Environment & Sustainability

132

44

-27%

Azim Premji

24

8

Livelihood Enhancement

80

24

-20%

Bajaj family

30

9

Social Development

50

11

New

Nandan Nilekani

34

10

Sports For Development

44

29

-31%

Mukesh Ambani

25

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2021

 For more details visit www.hurunindia.net

 

CSR spent beyond the prescribed 2%

 

Here are some of the companies that spent more than the government-mandated 2% towards CSR.

Table 8: Top 10 companies that spent CSR in excess to the mandatory commitment in FY21

Rank

Company

Key Person

Prescribed CSR (INR Cr)

Actual CSR (INR Cr)

1

Aurobindo Pharma

PV Ramprasad Reddy

4.4

54

2

UPL

Rajju Shroff

10

100

3

Cadila Healthcare

Pankaj Patel

25

79

4

Vedanta

Anil Agarwal

17

39

5

Sun Pharmaceutical Industries

Dilip Shanghvi

13

27

6

Grasim Industries

Kumar Mangalam Birla

45

85

7

Aditya Birla Fashion & Retail

Kumar Mangalam Birla

1

2

8

UltraTech Cement

Kumar Mangalam Birla

73

120

9

Glenmark Pharmaceuticals

Glenn Saldanha

31

49

10

Wipro

Azim Premji

166

251

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2021

For more details visit www.hurunindia.net

 

Philanthropy List by City

 

With 33 individuals, Mumbai is the philanthropy capital of India, followed by New Delhi and Bengaluru. Indian corporates prefer to donate on a pan India basis instead of limiting their focus to HQ locations.

 

Table 9: Philanthropy List by City

Rank

City

Number of Donors

Most Generous Donor

Total Donation (INR Cr)

1

Mumbai

33 (-4)

Mukesh Ambani & family

577

2

New Delhi

18 (-2)

Shiv Nadar & family

1,263

3

Bengaluru

10 (0)

Azim Premji & family

9,713

4

Pune

7 (0)

Bajaj family

136

4

Hyderabad

7 (0)

B Parthasaradhi Reddy & family

67

6

Ahmedabad

5 (0)

Gautam Adani & family

130

7

Chennai

4 (-1)

Kalanithi Maran & family

27

7

London

4 (0)

Hinduja family

166

9

Dubai

3 (0)

Mukesh Jagtiani & family

9

9

Kolkata

3 (0)

Sanjiv Goenka & family

33

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2020

 For more details visit www.hurunindia.net

 

Growth

 

Over the last five years, cumulative donations on the EdelGive Hurun India Philanthropy List grew 6 times.

 

Chart 10: Growth of cumulative donation in EdelGive Hurun India Philanthropy List 2021

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2021

 For more details visit www.hurunindia.net

 

Table 11: Table analyses the cut-off required for Top 10 and 25

 

2021

Donation

INR Cr

2020

Donation

INR Cr

2019

Donation

INR Cr

2018

Donation

INR Cr

2017

Donation

INR Cr

2016

Donation

INR Cr

2015

Donation

INR Cr

2014

Donation

INR Cr

Top 10

114

74

83

36

53

96

145

200

Top 25

33

27

30

13

12

11

34

25

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2020

 For more details visit www.hurunindia.net

 

Table 12: Table for philanthropist who donated more than 100 crore

Rank

Name

Donation (INR Cr)

Company

Residence

Age

1

Azim Premji & family

9,713

Wipro

Bengaluru

76

2

Shiv Nadar & family

1,263

HCL Technologies

New Delhi

76

3

Mukesh Ambani & family

577

Reliance Industries

Mumbai

64

4

Kumar Mangalam Birla & family

377

Aditya Birla

Mumbai

54

5

Nandan Nilekani

183

Infosys

Bengaluru

66

6

Hinduja family

166

Hinduja

London

-

7

Bajaj family

136

Bajaj

Pune

-

8

Gautam Adani & family

130

Adani

Ahmedabad

59

9

Anil Agarwal & family

130

Vedanta

London

68

10

Burman family

114

Dabur India

New Delhi

-

11

AM Naik

112

Larsen & Toubro

Mumbai

79

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2021.

For more details visit www.hurunindia.net

 

Table 13: Table for philanthropist who donated between 50 to 100 crore

Rank

Name

Donation (INR Cr)

Company

Residence

Age

1

Sudhir Mehta & Samir Mehta

98

Torrent Pharmaceuticals

Ahmedabad

67,58

2

Godrej family

80

Godrej

Mumbai

-

3

Rohini Nilekani

69

Rohini Nilekani Philanthropies

Bengaluru

61

4

B Parthasaradhi Reddy & family

67

Hetero Drugs

Hyderabad

67

5

Anand Mahindra & family

63

Mahindra & Mahindra

Mumbai

66

6

Pankaj Patel & family

59

Cadila Healthcare

Ahmedabad

68

7

Cyrus S Poonawalla & Adar Poonawalla

58

Serum Institute of India

Pune

80,40

8

Rakesh Jhunjhunwala

50

Rare Enterprises

Mumbai

61

9

S Gopalakrishnan & family

50

Infosys

Bengaluru

66

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2021.

 

Table 14: Stats from the Hurun India Philanthropy List

Year

No of Donors

Average Donation INR crore

Top 50 Cut-Off INR crore

Top 100 Cut-Off

INR crore

2021

105

140

16

5

2020

114

107

15

7

2019

100

44

15

5

2018

38

61

N.A.

N.A.

2017

27

86

N.A.

N.A.

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2021.

For more details visit www.hurunindia.net

 

CSR spending of BSE 200 companies growing at a CAGR of 15% during the last six years

 

Government, Civil Society, and the Corporate are the three distinct pillars sustaining the nation-building process. Corporate Social Responsibility is moving away from cheque book      charity donations to a more long-term strategic engagement. The cumulative CSR spend of BSE 200 companies has grown from INR 5,561 crore FY15 to INR 12,069 crore in FY21. 

 

Chart 15:  CSR spending of BSE 200 companies (INR crore)

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2021

 For more details visit www.hurunindia.net

 

Unspent CSR

 

The proportion of unspent capital has been on the decline since FY15. The shortfall in spending was 5% of the total spend or INR 628 crore in FY21. The gap stood at 30% in FY15.

 

Chart 16:  Unspent CSR BSE 200 companies

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2021

 

BSE 200: Sectors donating most towards corporate CSR

 

With INR 2,329 crore CSR spend Oil & Gas leads followed by Software & Services with INR 1,671 crore and Banks with INR 1,455 crore.

 

Table 17: BSE 200 Companies Industry breakdown

Rank

Industry

Number of Companies

Cumulative Spend FY 21

Cumulative Excess Spend FY 21

3yr Average Profit (%)

1

Oil & Gas

11

2,329

214

1.8%

2

Software & Services

10

1,671

99

2.1%

3

Banks

19

1,455

94

2.5%

4

Utilities

11

954

180

2.5%

5

Other Financial Services

17

911

65

2.0%

6

Metals & Mining

8

816

174

2.1%

7

Automobiles & Components

13

671

6

1.9%

8

Pharmaceuticals

21

512

155

2.7%

9

Food, Beverages & Tobacco

7

465

1

2.0%

10

Capital Goods

13

425

47

2.0%

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2021

For more details, visit www.hurunindia.net

 

Full List: EdelGive Hurun India Philanthropy List 2021

Rank

Name

Donation

INR crore

Primary Cause

Company

1

Azim Premji & family

9,713

Education

Wipro

2

Shiv Nadar & family

1,263

Education

HCL Technologies

3

Mukesh Ambani & family

577

Education

Reliance Industries

4

Kumar Mangalam Birla & family

377

Healthcare

Aditya Birla

5

Nandan Nilekani

183

Societal Thinking

Infosys

6

Hinduja family

166

Education

Hinduja

7

Bajaj family

136

Healthcare

Bajaj

8

Anil Agarwal & family

130

Disaster Relief

Vedanta

8

Gautam Adani & family

130

Disaster Relief

Adani

10

Burman family

114

Healthcare

Dabur India

11

AM Naik

112

Healthcare

Larsen & Toubro

12

Sudhir Mehta & Samir Mehta

98

Disaster Relief

Torrent Pharmaceuticals

13

Godrej family

80

Disaster Relief

Godrej

14

Rohini Nilekani

69

Environmental Sustainability

Rohini Nilekani Philanthropies

15

B Parthasaradhi Reddy & family

67

Disaster Relief

Hetero Labs

16

Anand Mahindra & family

63

Education

Mahindra & Mahindra

17

Pankaj Patel & family

59

Healthcare

Cadila Healthcare

18

Cyrus S Poonawalla & Adar Poonawalla

58

Education

Serum Institute of India

19

Rakesh Jhunjhunwala

50

Education

Rare Enterprises

19

S Gopalakrishnan & family

50

Healthcare

Infosys

21

George Jacob Muthoot, George Thomas Muthoot, Sara George Muthoot, George Alexander Muthoot & family

40

Education

Muthoot Finance

22

Dilip & Anand Surana

39

Healthcare

Micro Labs

23

SD Shibulal & family

35

Healthcare

Infosys

24

P P Reddy & family

33

Disaster Relief

Megha Engineering & Infrastructures

24

Sanjiv Goenka & family

33

Education

CESC

26

PV Krishna Reddy & family

32

Disaster Relief

Megha Engineering & Infrastructures

27

Benu Gopal Bangur & family

29

Education

Shree Cement

27

Hasmukh Chudgar & family

29

Education

Intas Pharmaceuticals

29

Rajiv Kumar & Ravinder Kumar

28

Disaster Relief

Dharampal Satyapal

29

Rajju Shroff & family

28

Disaster Relief

United Phosphorus

29

Vikram Lal & family

28

Education

Eicher Motors

32

Kalanithi Maran

27

Education

Sun TV Network

32

Radhakishan Damani & family

27

Education

Avenue Supermarts

34

Akshay Kumar

26

Disaster Relief

Entertainment

35

Nithin Kamath & Nikhil Kamath

25

Disaster Relief

Zerodha

36

Leena Gandhi Tewari

24

Healthcare

USV

37

PV Ramprasad Reddy & family

23

Healthcare

Aurobindo Pharma

37

Ronnie Screwvala & family

23

Rural Development

Unilazer Ventures

39

Glenn Saldanha & family

22

Education

Glenmark Pharmaceuticals

39

Kochouseph Chittilappilly & family

22

Disaster Relief

V-Guard Industries

41

Uday Kotak

21

Education

Kotak Mahindra Bank

42

Anu Aga & family

20

Education

Thermax

43

Amit and Archana Chandra

19

Environmental Sustainability

A.T.E. Chandra Foundation

43

Madhukar Parekh & family

19

Rural Development

Pidilite Industries

43

Shri Ram Beriwala & Shyam Sunder Beriwala

19

Healthcare

Shyam Steel

46

Harish Shah & family

18

Healthcare

Signet Excipients

46

Murali K Divi & family

18

Healthcare

Divi's Laboratories

48

Ranjan Pai & family

17

Education

Manipal Education & Medical

48

Sameer Gehlaut & family

17

Healthcare

Indiabulls Housing Finance

50

Manju D Gupta & family

16

Rural Development

Lupin

50

Nusli Wadia & family

16

Healthcare

Britannia Industries

50

Rajan Raheja & family

16

Healthcare

Exide Industries

50

Sajjan Jindal & family

16

Healthcare

JSW Steel

50

Yusuf Hamied & family

16

Healthcare

Cipla

55

Amitabh Bachchan

15

Disaster Relief

Entertainment

55

Ashwin Dani & family

15

Skill Development

Asian Paints

55

Basant Bansal & Roop Kumar Bansal

15

Financial Inclusion

M3M India

55

Dilip Shanghvi

15

Disaster Relief

Sun Pharmaceutical Industries

59

Binny Bansal

14

Education

Investments

60

Ajay S Shriram & family

13

Healthcare

DCM Shriram

60

Lachman Das Mittal & family

13

Education

International Tractors

62

Chirayu R Amin & family

12

Education

Alembic Pharmaceuticals

62

Harsh Mariwala & family

12

Societal Platforms

Marico

62

Kuldip Singh Dhingra & Gurbachan Singh Dhingra

12

Skill Development

Berger Paints

62

Radha Vembu

12

Disaster Relief

Zoho

66

Arvindkumar Poddar & family

11

Education

Balkrishna Industries

66

Harsh Vardhan Goenka & family

11

Healthcare

RPG Enterprises

66

LN Mittal & family

11

Disaster Relief

HPCL-Mittal Energy

66

Vinod Kumar Agarwal

11

Healthcare

Agarwal Coal

70

Acharya Balkrishna

10

Disaster Relief

Patanjali Ayurved

70

Baba Kalyani & family

10

Rural Development

Bharat Forge

70

Joy Alukkas & family

10

Healthcare

Joy Alukkas

73

Balkrishan Goenka & family

9

Livelihood Enhancement

Welspun India

73

Kiran Mazumdar Shaw

9

Education

Biocon

73

Mangal Prabhat Lodha

9

Healthcare

Macrotech Developers

73

Mannalal B Agrawal & family

9

Healthcare

Ajanta Pharma

73

Mukesh Jagtiani & family

9

Healthcare

Lifestyle International

73

Pawan Kant Munjal & family

9

Disaster Relief

Hero MotoCorp

73

Rajendra Vallabhaji Gogri & Chandrakant Vallabhaji Gogri

9

Rural Development

Aarti Industries

73

Vembu Sekar

9

Disaster Relief

Zoho

81

Prakash Chhabria & Ritu Chhabria

8

Healthcare

Finolex Cables

81

Rajinder Gupta & family

8

Education

Trident

81

Renu Munjal & family

8

Disaster Relief

Hero MotoCorp

81

Suman Kant Munjal & family

8

Disaster Relief

Hero MotoCorp

81

VC Nannapaneni & family

8

Healthcare

Natco Pharma

81

VP Nandakumar & family

8

Education

Manappuram Finance

87

Bhadresh Shah & family

7

Arts & Culture

AIA Engineering

87

Rajiv Singh & family

7

Healthcare

DLF

87

Ratan Jindal & family

7

Education

Jindal Stainless (Hisar)

90

Arun Vijay Nathani & family

6

Education

Cybage Software

90

B L Taparia & family

6

Education

Supreme Industries

90

K P Ramasamy & family

6

Education

KPR Mill

90

Shyam Bhartia & Hari Bhartia

6

Disaster Relief

Jubilant Foodworks

90

SP Oswal & family

6

Healthcare

Vardhman Textiles

95

Anand Deshpande

5

Disaster Relief

Persistent Systems

95

Anurang Jain & family

5

Skill Development

Endurance Technologies

95

Arun Bharat Ram & family

5

Education

SRF

95

K Nithyananda Reddy

5

Disaster Relief

Aurobindo Pharma

95

K Satish Reddy & family

5

Livelihood Enhancement

Dr. Reddy's Laboratories

95

Kavita Yadupati Singhania & family

5

Environmental Sustainability

JK Cement

95

Onkar Kanwar & family

5

Healthcare

Apollo Tyres

95

Pritviraj Jindal & family

5

Healthcare

JSW Steel

95

Ravi Kant Jaipuria & family

5

Education

Varun Beverages

95

Sanjeev Jain & Sandeep Jain

5

Education

Akums Drugs & Pharmaceuticals

95

Sunil Mittal & family

5

Education

Bharti Airtel

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2021

 For more details visit www.hurunindia.net

 

Methodology

 

To put together a comprehensive list of the largest philanthropists of India is an almost impossible task. However, we at Hurun believe that, the EdelGive Hurun India Philanthropy List is the most serious and authoritative effort to date, identifying the individuals and highlighting the causes they donate to. To make this list, the Hurun Report surveyed India’s most successful entrepreneurs, including those from the Hurun India Rich List 2021, meticulously cross-referencing the results with media reports and charitable foundations. In the course of the research, Hurun Report attended non-profit related seminars, as well as meeting with scholars, experts, philanthropists, and senior members of charitable foundations.

 

Hurun Report includes cash and cash equivalents pledged with legally binding commitments for the twelve months from 1 April 2020 to 31 March 2021, and the latest available CSR data filed with the Ministry of Corporate Affairs.

 

Hurun Report included donations made by companies in which an individual had a significant share by applying the percentage the individual has of the company on the donations. So, for example, Biocon for the period made donations of INR 8 crore, and Kiran Mazumdar-Shaw holds 60.68% of the shares of the company, so Hurun Report recorded Shaw’s donations as INR 4.92 crore. In 2015, Azim Premji had transferred a significant part of his shareholding amounting to 39% of the shares of Wipro to trust and foundation, which had been taken into account that year. Since this is a one-time philanthropic donation, it has not been included this year.

 

The list only includes those individuals born and bred in India regardless of the passport they currently hold. Values are rounded, and past figures are subject to exchange rate fluctuations.

 

 

About EdelGive Foundation

 

EdelGive Foundation is a grant-making organisation, helping build and expand philanthropy in India by funding and supporting the growth of small to mid-sized grassroots NGOs committed to empowering vulnerable children, women, and communities. This approach has enabled the Foundation to be the go-to partner of choice for Indian and foreign funders wanting to engage with the Indian development ecosystem.

 

Our unique philanthropic model places us at the center of grant-making, by providing initial grants and by managing funding from other institutional and corporate partners. Consequently today, EdelGive functions as a Philanthropic Fund Manager and Advisor between grant-makers and credible NGOs. Our grants are used towards both the financial and non-financial needs of the organisations we support. Apart from adding capacity and scale, our grants are also used towards building the operating capabilities of this special cohort of NGOs.

 

Over the years, EdelGive has supported over 158 organisations across 123 districts in 14 states of India, influencing commitments of over INR 4.61 billion in Philanthropy.

 

For more information on EdelGive Foundation please visit: www.edelgive.org

 

About the Hurun Report     

                     

Hurun Report is a leading research, luxury publishing and events group established in London in 1998 with presence in India, China, France, UK, USA, Australia, Japan, Canada and Luxembourg. It is widely recognized world-over for its comprehensive evaluation of the wealthiest individuals across the globe. Hurun Report is the largest compiler of the rich list globally.

 

Hurun Report Inc. has four divisions: Hurun Report Media, a stable of digital media and four magazines; Hurun Research Institute; Hurun Conferences, an active events division targeting entrepreneurs and high net worth individuals; and Hurun Investments, a USD20m early-stage venture capital fund with investments into tech, media, retail and education.

 

 

About Hurun India

 

“Promoting Entrepreneurship Through Lists and Research”

 

Hurun India was launched in 2012, under the leadership of Anas Rahman Junaid, a graduate of the University of Oxford. Junaid met Rupert Hoogewerf, the founder of Hurun Global, through Oxford University and the duo thought it was the right time to speak about wealth creation in India as they saw India booming. Since then, Hurun India has been in the pursuit to celebrate the stories of India’s transparent wealth creation, innovation, and philanthropy.

 

The Five core pillars of Hurun India are:

  1. Wealth Creation - We celebrate transparent wealth creation by bringing to light success stories of some of the most amazing entrepreneurs through Hurun Rich Lists.

 

      Hurun India Rich List is a ranking of individuals with a net worth of INR 1,000 Crore+ and has grown to become the most comprehensive rich list from India. Over the last decade, the list grew from 100 individuals from 10 cities to 1,007 richest Indians, from 76 cities.

      Hurun Leading Wealthy Women List is the ranking of the richest self-made women in India

      Hurun Real Estate Rich List ranks the most successful Real Estate entrepreneurs in the country. 

      Hurun India Wealth Report is the most detailed Hurun study on the wealth      distribution landscape in India.

  1. Value Creation - Under this pillar, Hurun celebrates the success stories of some of the most respected Indian companies through Hurun India 500 - a ranking of most valuable non-state-controlled companies and emerging companies and investors that make the future look bright for India through the Hurun India Unicorn Index, Gazelle List, Cheetah List, and Top Investors List.

  2. Sustainability and Philanthropy - Hurun India Philanthropy List, which is on the 6th year anniversary, ranks India’s most generous entrepreneurs. Hurun India Impact 50 list ranks India’s most sustainable companies based on their alignment with the UN’s Sustainable Development Goals.

  3. Art - In 2019, the Hurun India Art List was launched, aimed at tracking some of the most successful artists who are alive today by way of cumulative auction prices. Through the art list, our endeavor is to encourage individuals to collect Indian art.

  4. Lifestyle and Luxury -The Hurun Luxury Consumer Survey debuted in 2019 to encourage an understanding about lifestyle and brand preferences of ultra-high net worth individuals, while curating a survey to help them explain their spending habits.

 

Globally, The Hurun brand registers an estimated 8 billion views, 50% YoY growth, on the back of lists and research reports.

 

Hurun India serves as India’s definitive voice celebrating wealth creation, innovation, and growth. Last year, Hurun further expanded its repertoire by releasing the Hurun Global Rich List 2021, a ranking of the 3,228 US dollar billionaires, so-called ‘Nine-Zero Club’, currently in the world and the tenth India Rich List which ranks the 1,007 richest individuals in India, allowing for comparisons between some of the most dynamic economies in the world. The purpose of this list is to try and tell the story of modern India through the eyes of an entrepreneur.

 

For the full details, please refer to www.hurunindia.net

 

For media inquiries, please contact:

 

Sejuti Ghosh

Communicate India

+91 82912 09472

sejuti.ghosh@communicateindia.com

Natasha Mendonca

Communicate India

+91 98195 38730

natasha.mendonca@communicateindia.com

Vineeth Chandrababu

Hurun Report India

+91 99950 61106

vineeth@hurunindia.net

Zubin Narielwala

EdelGive Foundation

+91 99309 91618

Zubin.Narielwala@edelgive.org