Hurun India Philanthropy List 2014

Source:Hurun Report Author: IssueTime:2014-12-27

The Hurun Research Institute today released the Hurun India Philanthropy List 2014, a ranking of the most generous individuals from India.

 Azim Premji crowned ‘Most Generous Indian’ for the second year running

Anil Agarwal of Vedanta Resources breaks into top 3

Hurun Report launches Hurun India Philanthropy List 2014

 

  • IT tycoon Azim Premji is crowned “Most Generous Indian”, donating ₹12316cr.

  • Anil Agarwal of Vedanta Resources, came in second with a donation of ₹1796cr, primarily towards Social and Rural Development.

  • Shiv Nadar came in third with a donation of ₹1316cr.

  • Indian philanthropists becoming more generous. 50 philanthropists donated ₹10cr or more, up 19 on last year.

  • Education remains the favoured philanthropic cause, accounting for 80% of the donations.

  • Region-wise, South Indians are most generous, donating ₹13,300cr, five times donations of North Indians

  • Mumbai is home to most of the Hurun philanthropists with 15 individuals, followed by Bengaluru and Delhi

  • Ashish Dhawan (45) of Central Square Foundation is the youngest philanthropist on the list; oldest being Pallonji Mistry (85) of Shapoorji Pallonji.

  • 11 of the Top 50 do not live in India.  Of these, 5 made their donations in India.

  • 73% of the philanthropists are Self-Made. 37 Philanthropists are Self-made, compared to a mere 21 last year.

  • The average age of is 56 years, same as the average age of the Hurun India Rich List.

  •  42 of  the Top 50 are also listed in the Hurun India Rich List 2014.

  • The Hurun Research Institute today released the Hurun India Philanthropy List 2014, a ranking of the most generous individuals from India.


(27 December 2014, Kochi)   Donations were measured by the value of their cash or cash equivalent from 1 April 2013 to 31 October 2014. This is the second year of the list and follows on from the Hurun India Rich List, a ranking of the 230 richest individuals in India, released in September for the third year running.


Despite keeping the same cut-off as last year of ₹10cr, the Hurun India Philanthropy List has grown to 50 individuals, 19 more than the 31 found last year.


Azim Premji (69) topped the Hurun Philanthropy List for the second year running, with a record-breaking donation of ₹12,316cr to his Azim Premji Foundation.  The foundation mainly donates to NGOs working in education. Premji was the first Indian to sign up for the Giving Pledge, a global philanthropic initiative spearheaded by Warren Buffet and Bill Gates. Premji was ranked 4th in Hurun India Rich List 2014 with a personal fortune of ₹86,100cr. Azim Premji states, "I strongly believe that those of us, who are privileged to have wealth, should contribute significantly to try and create a better world for the millions who are far less privileged".

 

Anil Agarwal (61), of UK-based Vedanta Resources, is second with a donation of ₹1,796cr. Agarwal has pledged to donate 75% of his family’s wealth to charity, His main focus is a new liberal arts and humanities-focussed University in India. Agarwal was ranked 25th in the Hurun India Rich List with a personal fortune of ₹₹12,316cr.


Shiv Nadar (69), the Chairman of HCL and founder of SSN Trust India is third on our list with a donation of ₹1136cr. Shiv Nadar committed a billion dollars to his foundation which focuses on providing high quality education to children from economically poor backgrounds. He also kick-started a developmental venture, Samudhay, to accelerate change in rural India.


Ratan Tata (77) donated ₹620cr to various charitable organisations for the underprivileged through the JRD TATA Trust and Sir Ratan Tata Trust, rising to Number 4 on our list. The two trusts are working in the areas of nutrition & health, clean water to rural masses and health and hygiene. Through these trusts, he has strived to extend educational support to the underprivileged and hopes to give a brighter future to the country’s youth.


Mukesh Ambani (57) of Reliance Industries is Fifth on our Philanthropy List. Ambani, the richest man in India, donated ₹603cr towards Healthcare. “The Reliance Foundation promises quality healthcare for all”, quoting Mukesh Ambani at the inaugural ceremony of the Sir HN Reliance Foundation Hospital in Mumbai. Besides healthcare, his philanthropy interests include Social & Rural Development and Education.


Nandan (59) and Rohini Nilekani (54) stand Sixth in the list with a contribution of ₹498cr. Although Education has been their primary area of interest, they are also involved in Social & Rural Development and Healthcare in India. Recently a foundation chaired by Rohini Nilekani called Arghyam, a foundation that provides funds for organisations that work on groundwater and sanitation projects.


Education was the most important and sought after area of interest for the Indian philanthropists with a total contribution of ₹15,791cr. It was followed by Social and Rural Development (₹2,333cr), Healthcare (₹1,447cr) and Environmental Protection (₹12cr).

 

This year’s list has seen philanthropic donations by women entrepreneurs, individually and joint donations with their family. Namely, Anu Aga who individually donated ₹14cr, and joint donations by Rohini Nilekani, Zarina Screwvala and Yasmin Gupta, Savitri Jindal amounting to ₹987cr.


The average age of the philanthropists in the list is 56 years, the same age as the Hurun India Rich List.


The average age of Hurun India Philanthropy List of 2014, is 7 year younger than the previous year.  


There were 27 new faces in the list this year.


The total contribution of top 3 in Hurun India Philanthropy List 2014, shot up by 29% (₹3,508cr) more than previous year.


Region-wise, South Indians showed the way for making contributions with donations amounting to ₹13,300cr while North Indians pitched in with contributions of ₹3,764cr.


The philanthropists made their money mainly from the tech sector, also one of the biggest wealth creator on the Hurun India Rich List.


With 4 individuals, Infosys has created the highest number of philanthropists on the list.


Ashish Dhawan, is a good example of the new generation of Indian philanthropists. His transition from hedge-fund manager to philanthropist demonstrates a new wave of philanthropy in India.


Cardiologists Vijay and Khushman Sanghvi, made a difference by donating ₹12cr towards medical research. They are philanthropists who have made donations of more than 10cr and have not featured in Hurun India Rich List.


Ravi Pillai, has made 101 dreams come true by organising a mass wedding through his Ravi Pillai Foundation. Each bride was give 4 sovereigns of gold and ₹50,000 each.


“The Hurun Philanthropy List 2014 is a good representation of responsible entrepreneurship in India. Its quiet interesting to note that many entrepreneurs in India consider religious donations as Philanthropy. In this context we would have missed many more in philanthropists India.” said Anas Rahman Junaid, Publisher-at-Large of Hurun Report India.


Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said “The fact that education is the most popular cause for India’s biggest philanthropists, shows that this is the cause they can have an immediate effect on.”

 

TABLES & STATS


Hurun India Philanthropy List 2014 - Top 10


Rank

Name

Donation ₹Cr

Donation US$Mn

Primary Cause

Age

Company

City

Industry

1

Azim Premji

12,316

1990

Education

69

Wipro

Bangalore

TMT

2

Anil Agarwal

1,796

291

Social and Rural   Development

61

Vedanta Resource

London

Energy

3

Shiv Nadar

1136

160

Education

69

HCL

New Delhi

TMT

4

Ratan Tata

620

100

Education

77

Tata Sons

Mumbai

Manufacturing

5

Mukesh Ambani

603

95

Healthcare

57

Reliance

Mumbai

Energy

6

Nandan & Rohini Nilekani

498

80

Education

59

Infosys

Bangalore

TMT

7

Kavitark Ram Shriram

377

60

Education

58

Google

Menlo Park

TMT

8

Ronnie and Zarina Screwvala

350

55

Social and Rural Development

52

UTV Group

Mumbai

TMT

9

S Gopalakrishnan

255

40

Healthcare

59

Infosys

Bangalore

TMT

10

Ravi Pillai

145

25

Healthcare

64

Ravi Pillai Group

Dubai

Real estate

 

 

Favoured Philanthropic Causes


Rank

Cause

No.of Contributors

Total Contribution(₹Cr)

Highest contributor

Highest Individual Donation (₹Cr)

1

Education

27

15,791

Azim Premji

12,316

2

Social and Rural Development

9

2,333

Anil Agarwal

1,796

3

Healthcare

13

1,447

Mukesh Ambani

603

4

Environmental Protection

1

12

Hemendra Kothari

12


Geographical Spread


Rank

City

Count

Top Contributor

Total Contribution ₹ Cr

Individual    Contribution₹ Cr

1

Mumbai

15

Ratan   Tata

2129

620

2

Bangalore

8

Azim   Premji

13,200

12,316

3

New   Delhi

6

Shiv   Nadar

1305

1136

4

Dubai

4

Ravi   Pillai

324

145

5

Ahmedabad

3

Sudhir   & Samir Mehta

74

32

6

London

2

Anil   Agarwal

1877

1796

6

Hyderabad

2

Vineet   Nayar

100

90

6

USA

2

Sunil   Puri

43

31

6

Kolkata

2

Benu   Gopal Bangur

36

26

6

Pune

2

Rahul   Bajaj

30

16

11

Menlo   Park

1

Kavitark   Ram Shriram

377

377

11

Dallas

1

Satish   and Yasmin Gupta

74

74

11

Hisar

1

Savitri   Jindal & Family

65

65

11

Abu   Dhabi

1

MA   Yusuf Ali

18

18

 



Hurun India Philanthropy List 2014

 

Rank

Name

Donation ₹Cr

Donation US$Mn

Primary Cause

Age

Company

City

Industry

1

Azim Premji

12,316

1990

Education

69

Wipro

Bangalore

TMT

2

Anil Agarwal

1,796

291

Social and Rural   Development

61

Vedanta Resource

London

Energy

3

Shiv Nadar

1136

160

Education

69

HCL

New Delhi

TMT

4

Ratan Tata

620

100

Education

77

Tata Sons

Mumbai

Manufacturing

5

Mukesh Ambani

603

95

Healthcare

57

Reliance

Mumbai

Energy

6

Nandan & Rohini Nilekani

498

80

Education

59

Infosys

Bangalore

TMT

7

Kavitark Ram Shriram

377

60

Education

58

Google

Menlo Park

TMT

8

Ronnie and Zarina Screwvala

350

55

Social and Rural Development

52

UTV Group

Mumbai

TMT

9

S Gopalakrishnan

255

40

Healthcare

59

Infosys

Bangalore

TMT

10

Ravi Pillai

145

25

Healthcare

64

Ravi Pillai Group

Dubai

Real estate

11

Rakesh Jhunjhunwala

114

18

Education

54

Rare Enterprises

Mumbai

Investments

12

Azad Moopen

100

16

Healthcare

61

DM Healthcare

Dubai

Healthcare

13

Vineet Nayar

90

15

Education

52

HCL

Hyderabad

TMT

14

LN Mittal

81

13

Social and Rural development

63

ArcelorMittal

London

Steel

15

Ashish Dawan

74

12

Education

45

Central Square Foundation

-

Financial Services

15

Satish and Yasmin Gupta

74

12

Education

-

SB International

Dallas

Steel & Energy

17

Adi Godrej & Family

73

12

Healthcare

-

Godrej

Mumbai

FMCG

18

Sunil Mittal

68

11

Education

57

Bharti Airtel

New Delhi

TMT

19

Savitri Jindal & Family

65

11

Healthcare

64

Jindal Steel and Power

Hisar

Steel

20

Rajen Kilachand

62

10

Education

-

Dodsal Group

Dubai

Diversified

21

Pallonji Mistry

60

10

Education

85

Shapoorji Pallonji

Mumbai

Engineering & Construction

22

SD Shibulal

48

8

Education

59

Infosys

Bangalore

TMT

23

Ajay Piramal

40

7

Healthcare

59

Piramal Enterprise

Mumbai

Pharmaceuticals

24

Kushal Pal Singh

36

6

Healthcare

83

DLF

New Delhi

Real estate

25

Kumar M Birla

34

6

Healthcare

47

Aditya Birla

Mumbai

Manufacturing

26

Sudhir & Samir Mehta

32

5

Healthcare

-

Torrent Pharma

Ahmedabad

Pharmaceuticals

26

GM Rao

32

5

Education

64

GMR

Bangalore

Infrastructure

28

Sunil Puri

31

5

Education

54

First Midwest Group

USA

Real estate

28

Anand Burman

31

5

Social and Rural development

62

Dabur

New Delhi

FMCG

30

Pankaj Patel

27

4

Healthcare

61

Cadila Healthcare

Ahmedabad

Pharmaceuticals

31

PNC Menon

26

4

Education

66

Sobha Developers

Bangalore

Real estate

31

Benu Gopal Bangur

26

4

Healthcare

83

Shree Cements

Kolkata

Manufacturing

33

Shahrukh Khan

25

4

Social and Rural development

48

Red Chillies Entertainment

Mumbai

Media & Entertainment

34

Jaiprakash Gaur

22

4

Education

83

JP Associates

New Delhi

Infrastructure

35

MA Yusuf Ali

18

3

Education

58

Emke

Abu Dhabi

Multi Brand Retail

36

Desh Bandhu Gupta

17

3

Social and Rural Development

76

Lupin

Mumbai

Pharmaceuticals

36

Sunny Varkey

17

3

Education

57

Gems Education

Dubai

Other Services

38

Rahul Bajaj

16

3

Education

76

Bajaj Auto

Pune

Automobile

39

Gautham Adani

15

2

Education

52

Adani Enterprises

Ahmedabad

Infrastructure

39

Harsh Mariwala

15

2

Education

63

Marico

Mumbai

FMCG

41

Anu Aga

14

2

Education

72

Thermax

Pune

Energy

42

NR Narayana Murthy

13

2

Social and Rural Development

68

Infosys

Bangalore

TMT

42

TT Jagannathan

13

2

Education

84

TTK Prestige

Bangalore

FMCG

44

Hemendra Kothari

12

2

Environmental Protection

68

DSP BlackRock

Mumbai

Investments

44

Vijay and Khushman Sanghvi

12

2

Education

-

-

USA

 -

44

Yusuf Hamied

12

2

Education

77

Cipla

Mumbai

Pharmaceuticals

47

Shyam & Hari Bhartia

11

2

Education

57

Jubilant Life Science

New Delhi

Food & Beverages

47

Salman Khan

11

2

Healthcare

48

Being Human

Mumbai

Media & Entertainment

49

GV Prasad

10

2

Social and Rural Development

73

Dr. Reddy's Lab

Hyderabad

Pharmaceuticals

49

Radhe Shyam Agarwal

10

2

Social and Rural Development

68

Emami

Kolkata

FMCG

 

Methodology

To put together a comprehensive list of the largest philanthropists of India is an almost impossible task. However, we believe at Hurun Report that, the 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 300 of India’s most successful entrepreneurs, including those from the Hurun India Rich List 2014, 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 month period from 1 April 2013 to 31 October 2014.


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, JP Associates in the period made donations of INR 49cr, and Jaiprakash Gaur holds 45% of the shares of the company, so Hurun Report recorded Gaur’s donations as INR 22cr.

 

The list includes only 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. 1 USD = INR 61.76