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:
● 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.
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 |