Hurun India Philanthropy List 2015

Source:Hurun Report Author: IssueTime:2016-01-08

The Hurun Research Institute today released the Hurun India Philanthropy List 2015, a ranking of the most generous individuals from India.

Azim Premji Most Generous Indian for third year running, making up 80% of donations on Hurun India Philanthropy List

Hurun Research finds 36 individuals, down from 50 last year, who donated INR 10 Cr or more

Sunny Varkey of GEMS Education is the second Indian to join The Giving Pledge

Hurun Report launches Hurun India Philanthropy List for third year

 

         IT tycoon Azim Premji is the ‘Most Generous Indian, donating INR 27,514 Cr

         36 Indians on the list, down from 50 last year. 12 new entrants and 26 drop outs

         With a net worth of INR 9000 Cr, ‘Education King’ Sunny Varkey, 58, joins Gates and Buffett by pledging half his wealth to the ‘Giving Pledge’.

         Nandan, Rohini Nilekani & Family, came in second with a donation of INR 2404 Cr, primarily towards the cause of urban governance, public policy and education.

         Education remains the most favoured philanthropic cause, accounting for 84% of donations

         Led by Azim Premji, South Indians in the list donated more than the North Indians

         Average donation increased from INR 300 crores last year to INR 900 crores this year, mainly on the back of Premji’s donation

         With 10 individuals, Mumbai is home to most of the Hurun philanthropists, followed by Bengaluru and Delhi

         Anu Aga and Family of Thermax donate 30% of family’s income to their flagship intiative Teach for India Campaign.

         With a donation of INR 35 Cr, Rohan Murthy (32) of Infosys is the youngest philanthropist on the list; Oldest being Pallonji Mistry (86) of Shapoorji Pallonji who donated INR 96 crores.

         5 do not live in India. Of the non residents, 4 made their donations in India.

         Average age of 63 years, one year older than the average age of the Hurun India Rich List 2015.

         33 of the Top 36 are also listed in the Hurun India Rich List 2015.

 

(8 January 2016, Mumbai) The Hurun Research Institute today released the Hurun India Philanthropy List 2015, a ranking of the most generous individuals from India.  Donations were measured by the value of their cash or cash equivalent from 1 November 2014 to 31 October 2015. This is the third year of the list and it follows on from the Hurun India Rich List, a ranking of the 296 richest individuals in India, released in September for the third year running.

With the same cut-off as last year of INR 10 Cr, the Hurun India Philanthropy List has 36 individuals, down by 14 from last year.


Azim Hashim Premji (70) the most generous Indian of the year donated INR 27,514 Cr for education. The Azim Premji foundation is working for empowering education in India.” A girl child who is even a little bit educated is more conscious of family planning, health care and, in turn, her children's own education”, he says. The foundation works in 8 states and has more than 350,000 schools.

 

Nandan (60) and Rohini Nilekani (56) take the second spot in the list with a contribution of INR 2,404 Cr. Nandan Nilekani is an Indian entrepreneur, bureaucrat and politician. He left Infosys and joined Unique Identification Authority of India (UIDAI) as the chairman. Although developing entrepreneurship ecosystem has been their primary area of interest, they are also involved in social & rural development and education in India.  Rohini Nilenkani is the chairperson and founder of Arghyam, an organisation that grants funds to implement and manage ground water and sanitations projects in India.

 

NR Narayana Murthy & family (69) Nagavara Ramarao Narayana Murthy, an IT industrialist, donated INR 1,322 Cr for encouraging entrepreneurship, social development and education. He says “The real power of money is the power to give it away.”

 

Mukesh Ambani (58) of Reliance Industries is sixth in Hurun India Philanthropy List. Ambani, the richest man in India, donated INR 345 Cr towards healthcare. He channelizes his philanthropic initiative through Reliance foundation, his philanthropic arm. The primary aim of the foundation is to promote sustainable growth in India. Besides healthcare, his philanthropic interests include social & rural development and education.


K Dinesh (61) retired from Infosys in 2011. K Dinesh has been actively involved in philanthropic ventures in education, entrepreneurship encouragement and healthcare. With donations of INR 1,238 Cr Dinesh shot into the top ten for the first time.

 

Shiv Nadar (70), promoter of India’s fourth-largest software company donated INR 525 Cr to various charitable activities through the Shiv Nadar Foundation. "Samudhay” an initiative to develop a replicable model of development for villages across five critical parameters – education, employability, health, infrastructure and water – is the dream project of the chairman of $6.3 billion HCL Technologies.

“I had the opportunity to visit Mr. Nadar’s foundation and university. His mission to impart contemporary education in poorest villages sets a good example for practical philanthropy in India”, said Anas Rahman Junaid, Business Head, Hurun Report India

The Wedding Philanthropy – Dr Ravi Pillai (62) donated INR 12.5 Cr towards conducting mass weddings. This donation coincided with his daughter’s wedding Dr. Arathi Ravi Pillai.

 

Some other key highlights

·       The total contribution of top 3 in Hurun India Philanthropy List 2015, shot up by 53% (INR 16,491 Cr) more than previous year.

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

·       With 6 individuals, Infosys has created the highest number of philanthropists on the list.

 

Rohan Murthy is a good example of the new generation of Indian philanthropists. His transition from IT professional to philanthropist demonstrates a new wave of philanthropy in India by donated INR 32 Cr towards the education

 

“Despite weak corporate earnings in 2015 compared to last year, the increasing speed of wealth creation seems to promise a bright future for Indian philanthropy”, said Anas Rahman Junaid, Business Head, Hurun Report India.

However, according to Charity Aid Foundation UK, as per the World Giving Index, India came down in its ranking from 93rd in 2013 to 106 in 2014, demonstrating an overall reduction in Indian philanthropy

 

Rupert Hoogewerf, Chairman and Chief Researcher of Hurun Report, said “Education is the cause that Indias philanthropists feel they can make the biggest difference in.”


Tables & Stats:

Top 10 Philanthropists of 2015:

Rank

Name

Donation (in Cr)

Cause

Age

Company

City

Industry

1

Azim Premji

27,514

Education

70

Wipro

Bangalore

TMT

2é

Nandan & Rohini Nilekani

2,404

Urban Governance

60/56

Infosys

Bangalore

TMT

3é

NR Narayana Murthy

1,322

Social   Development

69

Infosys

Bangalore

TMT

4é

K Dinesh & Family

1,238

Education

61

Infosys

Bangalore

TMT

5ê

Shiv Nadar

535

Healthcare

70

HCL

New Delhi

TMT

6ê

Mukesh Ambani

 

345

Healthcare

58

Reliance

Mumbai

Energy

7é

Sunny Varkey & Family

326

Education

58

Gems

Dubai

Education

8ê

Ronnie Screwvala

158

Education

53

UTV Group

Mumbai

TMT

9é

Rahul Bajaj & Family

139

Social   Development

77

Bajaj Auto

Pune

Automobile

10é

Pallonji Mistry

96

Social   Development

86

Shapoorji Pallonji Group

Mumbai

Engineering & Construction

é Increase in Rankings; − Retained Ranking;  ê Down compared with last year; NEW New to the Top 10

Source: Hurun India Philanthropy List 2015

 

 

Favored Philanthropic Causes:

Rank

Cause

%   of List

 

%   compared with last year

Total   contribution  ( in Cr )

Total   compared with last year

Biggest   Philanthropist

 

Highest   Individual Donation (in Cr)

1

Education

50%

 Down 2%

29768

Up 103%

Azim Premji & Family

27,515

2

Social Development

25%

Up 5%

1656

Up 35%

NR Narayana Murthy

1322

3

Healthcare

17%

 Down 9%

1011

Down 30%

Mukesh Ambani

345

4

Urban Governance

6%

Up 6%

2469

Up 101%

Nandan and Rohini Nilekani

2404

5

Wedding

3%

Up 3%

13

New cause

Ravi Pillai

13

Source: Hurun India Philanthropy List 2015


Geographical Spread

Rank

City

No of Indiv

Compared with last   year

Top Contributor

Total Contribution

(INR Cr)

1

Mumbai

10

Down 4

Mukesh Ambani

872

2

Bangalore

9

Up 1

Azim Premji

32,601

3

New Delhi

4

Down 2

Shiv Nadar

581

4

Pune

3

Up 1

Rahul Bajaj & family

229

5

Dubai

2

Down 2

Sunny Varkey &   family

358

6

London

2

Same

Anil Agarwal &   Family

115

7

Ahmedabad

1

Down 2

Pankaj Patel &   family

11

7

Calicut

1

Up 1

M P Ahammed & Family

30

7

Hisar

1

Same

Savitri Jindal &   Family

83

7

Thrissur

1

Up 1

T. S. Kalyanaraman

12

7

Kollam

1

Same

Ravi Pillai

13

Source: Hurun India Philanthropy List 2015


Hurun India Philanthropy List 2015:










Rank

Name

2015

(In INR crs)

2014 (INR crores)

Primary Cause

Age

Company

City

Industry

1

Azim Premji & Family

27514

12316

Education

70

Wipro

Bangalore

TMT

2

Nandan & Rohini Nilekani

2404

498

Urban Governance

60/56

Infosys

Bangalore

TMT

3

NR Narayana Murthy & Family

1322

13

Social Development

69

Infosys

Bangalore

TMT

4

K.Dinesh & Family

1238

New

Education

61

Infosys

Bangalore

TMT

5

Shiv Nadar

535

125

Education

70

HCL

New Delhi

TMT

6

Mukesh Ambani

345

603

Healthcare

58

Reliance

Mumbai

Energy

7

Sunny Varkey

326

17

Education

58

Gems

Dubai

Education

8

Ronnie Screwvala

158

350

Education

53

 UTV Group

Mumbai

TMT

9

Rahul Bajaj & family

139

16

Social Development

77

Bajaj Auto

Pune

Automobile

10

Pallonji Mistry

96

60

Social Development

86

Shapoorji Pallonji

Mumbai

Engineering & Construction

11

Anil Agarwal & Family

95

1796

Education

51

Vedanta Resource

London

Energy

12

Adi Godrej & Family

85

73

Education

75

Godrej

Mumbai

FMCG

13

Savitri Jindal & Family

83

65

Education

65

Jindal Steel & Power

Hisar

Steel

14

Kumar M Birla & family

70

34

Education

48

Aditya Birla Group

Mumbai

Manufacturing

15

Cyrus S Poonawalla

65

New

Urban Governance

74

Serum Instiute of India

Pune

Pharmaceuticals

16

Ajay Piramal

52

40

Education

59

Piramal Enterprise

Mumbai

Pharmaceuticals

17

S Gopalakrishnan

38

255

Healthcare

60

Infosys

Bangalore

TMT

18

Rohan Murthy

35

New

Education

32

Infosys

Bangalore

TMT

19

Azad Moopen

32

100

Healthcare

62

DM Healthcare

Dubai

Investments

20

MP Ahammed & family

30

New

Social Development

57

Malabar Group

Calicut

Jewellery

20

Anil Ambani& Family

30

New

Healthcare

56

Reliance Capital

Mumbai

Financial Service

22

Anu Aga & Family

25

14

Education

73

Thermax

Pune

Energy

23

PNC Menon

20

26

Education

66

Education

Bangalore

Infrastucture

23

Suresh and Mahesh Ramakrishnan

20

New

Social Development

-

Whitcomb & Shaftesbury

London

Textiles

25

Sunil Mittal & Family

18

68

Education

57

Bharti Airtel

New Delhi

Telecom

26

Kiran Mazumdar-Shaw

16

New

Healthcare

62

Biocon

Bangalore

Bio-technology

27

Anand Burman & Family

15

New

Healthcare

63

Dabur

New Delhi

FMCG

28

SD Shibulal & Family

14

48

Education

60

Infosys

Bangalore

Biotechnology

29

Romesh Wadhwani

13

New

Education

67

Symphony Technology Group

United states

Investment

29

Kushal Pal Singh & family

13

36

Social Development

84

DLF

New Delhi

Real estate

29

Ravi Pillai

13

145

Wedding

62

RP Group

Kollam

Infrastructure

32

Subhash Chandra & family

12

New

Social Development

64

Zee Entertainment

Mumbai

Media

32

Nita Ambani

12

New

Social Development

52

Reliance Industries

Mumbai

Energy

32

TS Kalyanaraman

12

New

Social Development

64

Kalyan Jewellers

Thrissur

Textiles

35

Harsh Mariwala & family

11

15

Education

64

Marico

Mumbai

FMCG

35

Pankaj Patel  & family

11

27

Education

62

Cadilla Health Care

Ahmedabad

Pharmaceutical










 




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 Indias most successful entrepreneurs, including the 300 from the Hurun India Rich List 2015, 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 November 2014 to 31 October 2015. In the event that a pledge has been made, we assume a yearly donation made on average ife expectency.


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 49 Cr, and Jaiprakash Gaur holds 45% of the shares of the company, so Hurun Report recorded Gaurs donations as INR 22 Cr.


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 = 66.74 (Dated on 9-12-15)

 

 

About Hurun Report Inc.

China’s Leading Business and Luxury Lifestyle Media Platform since 1999

Nobody Knows China’s Rich Better!

 

Established as a research unit in 1999, Hurun Report Inc. has grown into a leading business and lifestyle media platform targeted at China’s high worth individuals, on the back of its flagship Hurun China Rich List and, since 2012, its Hurun Global Rich List. Headquartered in Shanghai, Hurun Report has offices in Beijing, Guangzhou, Chengdu, Sanya, Hong Kong, London, Los Angeles, Chicago and Cochin, Kerala in India.

 

Hurun Research has grown to rank the richest individuals of China and India. In 2015, the Hurun Global Rich List ranked 2089 dollar billionaires, benchmarking China’s and India’s top entrepreneurs in the context of their global peers.

 

Hurun Report India: Established in 2012, Hurun Report India has been focusing on research and interacting with entreprenuers across India. In the year 2015, we launched the fourth edition of Hurun India Rich List, sponsored by Joy Alukkas and 3rd edition of Hurun India Philanthropy List. 2015. Since 2013, Hurun Report India has been conducting luxury conferences across India. One of the primary objectives of Hurun Report India is to connect Indian and Chinese UHNIs through Hurun Business School and luxury conferences.

Digital. Hurun Report Inc has an award-winning digital media platform, reaching 470,000 unique Chinese high net worths monthly.  Hurun Report’s digital media is composed of an active social media programme on WeChat and Weibo, mobile and tablet Apps and the hurun.net website.

 

Print. 4 magazines, reaching 485,000 on average a month: Hurun Report targeted at Chinese luxury consumers aspiring to wealth of US$5m (‘Nobody Knows China’s Rich Better’); the Hurun Schools Guide series targeted at Chinese parents looking to send their children overseas (‘Unlocking the Doors to the World’s Best Schools’); Wings & Water targeted at Chinese super luxury consumers with or aspiring to US$50m (‘Beyond First Class’) and Horse & Polo China (‘For Horse Lovers’).

 

Conferences. Hurun Report Inc hosts over 100 events across China every year, led by its 4 flagships in Shanghai, Beijing, Shenzhen and Sanya every year.  Hurun Report Inc hosts a further ten in the US, London, Singapore, Australia and India every year.

 

Market Research. Hurun Report’s close personal relationships with many of China and India’s leading entrepreneurs provides the basis for its fast-growing market research division. Hurun Market Research has developed expertise in the sectors of private banking, insurance, luxury drinks, luxury cars and consumer electronics.

 

Online Talk Show. ‘Fortune Voices’ (Ma Shang Hu). Kicks off 24 October 2015, a dialogue on what makes China’s entrepreneurs tick, starring Rupert Hoogewerf and Ma Hongman, a well-known host on CBN. Produced by Yueer Media and distributed on CBN TV, Iqiyi.com and Ningxia Satellite across the country.

 

For further information, see www.hurun.net

 


For media inquiries, please contact:

 

Akshita Madan

india@hurun.net