Hurun India Philanthropy List 2022

Source:Hurun Report Author:Hurun Report IssueTime:2022-10-20

Hurun India and EdelGive today released the EdelGive Hurun India Philanthropy List 2022. This is the 9th annual ranking of the most generous individuals in India.

 

EdelGive Hurun India Philanthropy List 2022

Key Highlights

WITH AN ANNUAL DONATION OF INR 1,161 CRORE, SHIV NADAR, 77, RECLAIMED ‘INDIA’S MOST GENEROUS’ TITLE. HE DONATED INR 3 CRORE PER DAY!

WIPRO’S AZIM PREMJI, 77, IN THE SECOND SPOT WITH AN ANNUAL DONATION OF INR 484 CRORE. 

AM NAIK, 80, GROUP CHAIRMAN OF LARSEN & TOUBRO, WHO DONATED INR 142 CRORE IS THE FIRST PROFESSIONAL MANAGER TO ENTER THE TOP 10 IN EDLEGIVE HURUN INDIA PHILANTHROPY LIST.

HURUN RESEARCH FINDS 15 INDIVIDUALS IN INDIA, WHO MADE AN ANNUAL DONATION OF OVER INR 100 CRORE, 20 OVER 50 CRORE AND 43 OVER 20 CRORE.

INDIANS WHO HAVE ANNUALLY DONATED INR 100 CRORE AND ABOVE HAVE GROWN FROM JUST 2 IN THE 2018 LIST TO 15 IN EDELGIVE HURUN INDIA PHILANTHROPY LIST 2022. 

HURUN INDIA FINDS 108 PHILANTHROPISTS WHO DONATED MORE THAN INR 5 CRORES IN FY-2022, UP 3 FROM LAST YEAR. 

NITHIN KAMATH & NIKHIL KAMATH OF ZERODHA INCREASED THEIR DONATION BY 300% TO INR 100 CRORE. 

NIKHIL KAMATH, 36, IS THE YOUNGEST PHILANTHROPIST IN THE EDELGIVE HURUN INDIA PHILANTHROPY LIST 2022. 

WITH A DONATION OF INR 190 CRORE, INDIA’S RICHEST MAN, GAUTAM ADANI,60, CAME SEVENTH IN EDELGIVE HURUN INDIA PHILANTHROPY LIST 2022. 

WITH A DONATION OF INR 120 CRORE, ROHINI NILEKANI, 63, IS THE MOST GENEROUS WOMAN PHILANTHROPIST IN THE LIST; FOLLOWED BY LEENA GANDHI TEWARI AND ANU AGA WHO DONATED INR 21 CRORE AND INR 20 CRORE RESPECTIVELY. 

TOTAL PHILANTHROPIC DONATIONS IN THE EDELGIVE HURUN INDIA PHILANTHROPY LIST 2022 HAS MORE THAN DOUBLED TO INR 5,666 CRORE FROM INR 2,318 CRORE IN FY18.

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

WITH DONATIONS OF INR 213 CRORE EACH, SUBROTO BAGCHI AND NS PARTHASARATHY, CO-FOUNDERS OF MINDTREE STORMED INTO THE TOP 10 OF EDELGIVE HURUN INDIA PHILANTHROPY LIST 2022. 

AJIT ISAAC, CHAIRMAN OF QUESS CORP, DEBUTS AND IS RANKED 12th IN THE EDELGIVE HURUN INDIA PHILANTHROPY LIST 2022 WITH A DONATION OF INR 105 CRORE TO THE INDIAN INSTITUTE OF SCIENCE (IISC) BENGALURU. 

RAKESH GANGWAL, CO-PROMOTER OF INDIGO AIRLINES DEBUTS IN THE EDELGIVE HURUN INDIA PHILANTHROPY LIST 2022 WITH INR 100 CRORE PERSONAL DONATION TO THE SCHOOL OF MEDICAL SCIENCES & TECHNOLOGY AT IIT, KANPUR.

GIVE IT BACK LIKE INFOSYIANS! - NANDAN NILEKANI, KRIS GOPALAKRISHNAN AND SD SHIBULAL DONATED INR 159 CRORE, INR 90 CRORE AND INR 35 CRORE, AND ARE RANKED 9, 16 AND 28 RESPECTIVELY.

19 NEW ADDITIONS TO THE LIST; TOTAL DONATIONS BY NEW ADDITIONS AT INR 832 CRORE.

6 WOMEN PHILANTHROPISTS FEATURE IN THE LIST.

WITH A DONATION OF INR 24 CRORE, THE PHILANTHROPY COUPLE, AMIT CHANDRA (53) AND ARCHANA CHANDRA (51), ARE THE ONLY OTHER PROFESSIONAL MANAGERS IN THE LIST.

NO. OF PHILANTHROPISTS WHO HAVE DONATED MORE THAN INR 10 CRORE INCREASED BY CIRCA 116% OVER THE LAST 4 YEARS, FROM 37 TO 80 THIS YEAR.

DRIVEN BY PANDEMIC, DONATIONS TOWARD COVID RELIEF SURGED BY 44 TIMES TO INR 473 CRORE

WITH 75 PHILANTHROPISTS CUMULATIVELY DONATING INR 1,233 CRORE, EDUCATION IS THE MOST FAVOURED CAUSE.

51 SELF-MADE PHILANTHROPISTS. 

THE AVERAGE AGE OF PHILANTHROPISTS IN THE LIST IS 69 YEARS, 2 YEARS OLDER THAN LAST YEAR.

BASED ON PLACE OF RESIDENCE, MUMBAI LED WITH 33% OF THE LIST; FOLLOWED BY NEW DELHI, ACCOUNTING FOR 16%, AND BENGALURU AT 13%.

THE PHARMA INDUSTRY HAS THE LARGEST NUMBER OF PHILANTHROPISTS IN THE LIST, ACCOUNTING FOR 20%, FOLLOWED BY CHEMICALS & PETROCHEMICALS AT 11%.

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 9TH CONSECUTIVE YEAR.

EDELGIVE and HURUN INDIA release EdelGive Hurun India Philanthropy List 2022

 

(20 October 2022, Mumbai) Hurun India and EdelGive today released the EdelGive Hurun India Philanthropy List 2022. This is the 9th 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 2021 to 31 March 2022. This is the ninth year of the list and it follows on from the Hurun India Rich List, a ranking of 1,103 richest individuals in India, released in September 2022 for the eleventh 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 2022 features individuals who have donated INR 5 crore or more during the period under review.

 

''We are pleased to associate with Hurun India for the fourth consecutive year for the launch of EdelGive Hurun India Philanthropy List. Our focus remains the same on bringing forth one of the most authoritative lists of philanthropists in India. Like every year, we aim to document and analyze the evolving patterns of philanthropic giving in the country. The EdelGive Hurun India Philanthropy List 2022 presents us with an opportunity to deep dive into the motivations and thoughts that drive these eminent philanthropists to contribute towards a plethora of causes.” Naghma Mulla, CEO, EdelGive Foundation.

 

Commenting on the launch, Anas Rahman Junaid, MD and Chief Researcher, Hurun India, said, “EdelGive Hurun India Philanthropy List aims at chronicling the Indian philanthropy landscape and so far the transformation is encouraging. For instance, over the last 5 years, number of donors who have given more than INR 100 crore have grown from 2 to 15, and over INR 50 crore have grown from 5 to 20. Considering wealth creation potential of India and assuming that the billionaires keep up with philanthropy, I expect these numbers to at least double over the next 5 years.”

 

“The cohort of senior and young tech entrepreneurs holds the potential to play a crucial role in meeting the country’s social sector fund requirement. For instance, Nikhil and Nithin Kamath and Binny Bansal increased their donations by more than 100% compared to last year. Many such acts from founders of start-ups could kick the Indian philanthropy curve into a higher orbit.”

  

“I am very stoked to see the rise in personal philanthropy in India. Cumulative personal donations grew by 50% to INR 3097 crore, and this constitutes 55% of donation in the list. EdelGive Hurun India Philanthropy List narrates the modern India’s giving culture through the eyes of the philanthropists.”

 

“Sustainability as a cause has received accelerated attention last year. For instance, donation towards Environment and Sustainability increased by 46%, to INR 193 crore, compared to last year. I believe that CSR will play a key role in India meeting sustainable development goals (SDG) by 2030 and achieving net zero emissions by 2070.”

 

In the midst of extreme challenges, charitable giving has been a silver lining. Giving back to society is deeply embedded in our culture and some of the most generous good Samaritans are Indians. With total donations estimated at US$102.4bn, Mumbai-based Jamsetji Tata (1839-1904), was the world’s biggest philanthropist of the last century in the 2021 EdelGive Hurun Philanthropists of the Century, a ranking of the world’s most generous individuals from the past century.”

 

“As wealth grows, family philanthropy is becoming more visible and slowly shifting away from random acts of giving food, clothes and scholarships to new and marginalised areas. This further accentuates the need to celebrate such efforts, so that it percolates down to every level of the community – the core objective of EdelGive Hurun India Philanthropy List,” concluded Anas Rahman Junaid, MD and Chief Researcher, Hurun India.

 

Top 10 Philanthropists

 

Contributions towards philanthropy have fallen in FY22 basically due to the huge base effect of pandemic spending and an exceptional contribution of INR 7,807 crore last year by Azim Premji to his two philanthropic trusts.

 

The Top 10 in the EdelGive Hurun India Philanthropy List 2022 cumulatively donated INR 3,378 crore in FY22, as against a combined donation of INR 12,785 crore in EdelGive Hurun India Philanthropy List 2021.

 

Couples Susmita & Subroto Bagchi and Radha & NS Parthasarathy debuted in the EdelGive Hurun India Philanthropy List 2022 with a combined donation of INR 425 crore to the Indian Institute of Science (IISc) and also entered the TOP 10 and are ranked fifth.

 

Nandan Nilekani and his wife Rohini Nilekani are ranked 9th and 11th respectively in the list and are active philanthropists.

 

Table 1: The Top 10 in the EdelGive Hurun India Philanthropy List 2022 is shown below

Rank

Name

Donation (INR Cr)

Change %

Primary Cause

Company

3yr Donation (INR Cr)

1(+1)

Shiv Nadar & family

1,161

-8%

Arts & Culture

HCL Technologies

3,219

2(-1)

Azim Premji & family

484

-95%

Education

Wipro

18,101

3(-)

Mukesh Ambani & family

411

-29%

Education

Reliance Industries

1,446

4(-)

Kumar Mangalam Birla & family

242

-36%

Education

Aditya Birla

875

5*

Susmita and Subroto Bagchi

213

New

Healthcare

Mindtree

NA

5*

Radha and NS Parthasarathy

213

New

Healthcare

Mindtree

NA

7(+1)

Gautam Adani & family

190

46%

Education

Adani

408

8(+1)

Anil Agarwal & family

165

27%

COVID

Vedanta

510

9(-4)

Nandan Nilekani

159

-13%

Societal Thinking

Infosys

501

10(+1)

AM Naik

142

27%

Healthcare

Larsen & Toubro

330

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2022

*New to Top 10

 

Shiv Nadar & family with a donation of INR 1,161 crore tops the EdelGive Hurun India Philanthropy List 2022. The founder-chairman of HCL Technologies, Nadar has been very consistent in giving and is only 8% lower than his donations in FY21. The Shiv Nadar Foundation, launched in 1994, pursues the philosophy of 'Creative Philanthropy’. It is a powerful model which envisages the creation of institutions that go beyond the lifetime of its founders and continue to impact future generations for many centuries to come. Nadar has focused its philanthropic efforts mainly on education. The initiatives by the foundation include the SSN Institutions, VidyaGyan, Shiv Nadar University, Shiv Nadar School, Shiksha Initiative, and Kiran Nadar Museum of Art. The Foundation has spent US$1.1bn across its initiatives so far.

 

With a donation of INR 484 crore, Azim Premji & family, are at the second ranking in the list. Contribution towards philanthropy has fallen by 95% year-on-year due to the exceptional share buy-back in 2021. Premji’s two charities have been made partners in three companies that hold his 56% stake in Wipro Ltd, allowing the trusts to receive monetary gains from the shares even as Premji retains the voting rights. The Azim Premji Foundation India Private Limited is perhaps one of the largest endowments in the world valued at US$21bn. The foundation was registered in February 2000 and was to be funded solely by Premji by way of transfer of his personal shares to the Foundation. The primary goal of the Foundation is to contribute to a society that is “a just, equitable, humane and sustainable society” as envisaged in the Constitution of India.

 

With a donation of INR 411 crore, Mukesh Ambani & family, 65, of Reliance Industries, retains the 3rd spot in EdelGive Hurun India Philanthropy List 2022. He channelizes his charitable activities through Reliance foundation with focus on education and healthcare. Reliance produced 1,000 tonne of oxygen every day during the second wave and provided it free to states for over 1 lakh patients. Besides, it set up 2,000 beds hospital for COVID care. Over 8.5 crore free meals were distributed to frontline workers and vulnerable communities.

 

Kumar Mangalam Birla & family with a donation of INR 242 crore are ranked fourth in the list. The family has contributed around INR 75 crore in their personal capacity. The Aditya Birla Group works in 7,000 villages, reaching out to 9 million people annually. Globally, the CSR spend of the group exceeds INR 500 crore. The main focus of the group is on healthcare, education, sustainable livelihood, infrastructure, and social reform.

 

Susmita and Subroto Bagchi, alongside Radha and NS Parthasarathy are jointly ranked in the fifth position in the EdelGive Hurun India Philanthropy List 2022 with a combined donation of INR 425 crore to the Indian Institute of Science (IISc). The contribution will help the institute to build an 800-bed multi-speciality hospital and a postgraduate medical school. This is the single largest private donation IISc has received. Both Subroto and Parthasarathy are co-founders of Mindtree. In 2021, Subroto gave INR 340 crore to set up cancer and palliative care centre in Bhubaneswar. This 63-year-old philanthropist and his family have also been active contributors to the charity works of Aravind Eye Hospital, Amrita University, and Ahmedabad University. Parthasarathy, a Bengaluru-based entrepreneur, is the managing partner of Mela Ventures and founder director of WhiteSwan Foundation, an NGO focusing on creating awareness of mental health.

 

With a donation of INR 190 crore, Gautam Adani & family, 60, ranks 7th on the EdelGive Hurun India Philanthropy List 2022. 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 related relief efforts across the country.

 

With a donation of INR 165 crore, Anil Agarwal & family, 69, is at the 8th position in the    EdelGive Hurun India Philanthropy List 2022. Agarwal has increased his contribution by 27% from last year. The philanthropic arm of India’s leading diversified natural resources conglomerate, Vedanta Limited is celebrating ‘Poshan Maah 2022’ by introducing 75 Poshan recipes for children and women across all Vedanta Nand Ghars. Project Nand Ghar, the flagship initiative of Anil Agarwal Foundation (AAF), strives to strengthen the nutritional portion with these 75 healthy recipes. Nand Ghar began its journey in the year 2015 with the vision to transform the lives of 7 crore children and 2 crore women in the 13.7 lakh Anganwadis in India and are established in partnership with the Union Ministry of Women and Child Development.

 

With a donation of INR 159 crore, Infosys’s Nandan Nilekani, 67, ranks 9th in the EdelGive Hurun India Philanthropy List 2022. Nilekani is the co-founder and chairperson of EkStep Foundation. He is the co-founder and chairman of Infosys Technologies Limited. The Nilekani’s have signed the ‘Giving Pledge’, which commits half their wealth to philanthropic causes. Nilekani donated INR 36 crore to the Indian Institute of Technology Madras (IIT Madras) for launching the ‘Nilekani Centre at AI4Bharat’ to advance Indian language technology with an aim to create a social impact.

 

Larsen & Toubro’s Group executive chairman AM Naik is ranked 10th with a donation of INR 142 crore in FY22. He has demonstrated that philanthropy is more than writing out a cheque and is intensely outcome-oriented and based on a professional approach to the act of giving. Naik’s philanthropy, carried out exclusively in his personal capacity, is sharply focused on three segments – healthcare, education, and skill-building. Most activities are carried out by the two trusts that he set up in 2010 – the Nirali Memorial Medical Trust and the A M Naik Charitable Trust.

 

Personal philanthropy gaining traction over the years

 

26 individuals in EdelGive Hurun India Philanthropy List 2022 have donated INR 5 crore or more in their personal capacity compared to 38 individuals last year.

 

Table 2: Top personal Philanthropists in the EdelGive Hurun India Philanthropy List 2022

Rank

Name

Donation (INR Cr)

Age

Primary Cause

Company

1

Shiv Nadar & family

1,043

77

Arts & Culture

HCL Technologies

2

Azim Premji & family

344

77

Education

Wipro

3

Susmita and Subroto Bagchi

213

65

Healthcare

Mindtree

3

Radha and NS Parthasarathy

213

61

Healthcare

Mindtree

5

Nandan Nilekani

159

67

Societal Thinking

Infosys

6

AM Naik

142

80

Healthcare

Larsen & Toubro

7

Rohini Nilekani

120

63

Environmental Sustainability

Rohini Nilekani Philanthropies

8

Ajit Isaac

115

55

Healthcare

Quess Corp

9

Nithin Kamath & Nikhil Kamath

100

43,36

Disaster Relief

Zerodha

9

Rakesh Gangwal

100

69

Education

InterGlobe Aviation

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2022

 

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

 

Shiv Nadar & family tops the list of individuals and family who have contributed the most in their individual capacity. The Nadar’s have gone beyond the mandatory CSR contribution and have given to INR 1,043 crore to the causes they believe in their personal capacity. Nadar, founder of the HCL Group, has given close to US$1bn in total to philanthropic causes through the Shiv Nadar Foundation, with a focus on transformative education to drive social change. Roshni Nadar Malhotra has become a leading figure in the world of tech and in philanthropy. She succeeded her father at the helm of HCL Technologies Limited in 2020. A passionate environmentalist, Malhotra is also the founder of The Habitats Trust, a coalition supporting work to sustain lesser-known endangered species and habitats, and is a trustee of the Shiv Nadar Foundation. Additionally, she is the chairperson of VidyaGyan Leadership Academy, a pair of free schools in rural Uttar Pradesh focused.

 

Susmita and Subroto Bagchi, alongside Radha and NS Parthasarathy debuted in the list with their personal and combined contribution of INR 425 crore for a very noble cause. The Bagchi-Parthasarathy Hospital will be built within the existing IISc Bengaluru campus, taking full advantage of the co-location with the science and engineering faculties and labs. The impact of the IISc Medical School and Bagchi-Parthasarathy Hospital would go beyond science and solutions. It is also expected to set the tone for sustainable health goals and policies for the nation, and serve as a model of clinical research and training that can be emulated nationwide. This ambitious endeavour will be a game- changer in addressing the future healthcare needs of the country.

 

Nithin and Nikhil Kamath, co-founders of online brokerage Zerodha, have contributed INR 100 crore in their personal capacity. Both are passionate about causes like climate change solutions and livelihoods. The Kamath brothers’ have committed US$100mn to Rainmatter Foundation, which will work to support grassroots individuals, organisations, and companies working on solutions for climate change. Special focus will be on afforestation, ecological restoration and livelihoods.

 

Infosys co-founder Kris Gopalakrishnan has given INR 90 crore in FY22 in his personal capacity. Kris is passionate about computation, education and entrepreneurship. He had set up, with his wife Sudha Gopalakrishnan, the Pratiksha Trust to fund his ideas. In 2014, the trust announced a grant of INR 225 crore for the Centre for Brain Research (CBR), to be set up inside the Indian Institute of Science (IISc) campus in Bengaluru. Kris also supports the nurturing of livelihoods of farmers through programs like the Naandi Foundation and Centre for Collective Development.

 

Rohini Nilekani is perhaps the most generous lady in India and has been a consistent contributor to philanthropy for several years. She has contributed INR 120 crore in her personal capacity.

 

New to this year

 

19 philanthropists debuted in the EdelGive Hurun India Philanthropy List 2022. Susmita and Subroto Bagchi, alongside Radha and NS Parthasarathy debuted in the list with their personal and combined contribution of INR 425 crore to set up an 800-bed hospital.

 

Ajit Isaac, chairman of Quess Corp, is ranked third in the new entrants list in the EdelGive Hurun India Philanthropy List 2022 with a donation of INR 115 crore. He actively involves himself in giving back to society. He played an active part in setting up the Careworks Foundation, which empowers over 14,800 students in 61 schools. He recently signed an MoU with the Indian Institute of Science (IISc) in Bengaluru to donate INR 105 crore for setting up a Centre for Public Health and Policy Research.

 

Rakesh Gangwal, co-promoter of InterGlobe Aviation is ranked fourth after he made a INR 100 crore personal donation to the School of Medical Sciences & Technology at IIT, Kanpur. Gangwal is an alumni.

With a donation of INR 26 crore to disaster relief, Ashok Soota of Happiest Minds Technologies debuted in the list. Soota, who branched out of Mindtree on his own to start Happiest Minds in 2011, is involved in philanthropy through Samarthanam, a trust for the disabled and Ashirvadam, a non-profit that focuses on providing needy in education and medical support. He has also announced a commitment of INR 200 crore for SKAN, probably India’s first not-for-profit entity in the private sector, exclusively for medical research.

 

Govind Dholakia of Shree Ramkrishna Exports is also featured for the first time in the list with his donation of INR 15 crore towards disaster relief. In 1970, Dholakia founded Shree Ram Krishna Exports (SRK), world’s largest diamond crafting and exports company and SRK Knowledge Foundation (SRKKF), a philanthropic arm of SRK in 2014. He is associated with over 30 educational, medical and social trusts in various capacities.

 

Table 3: Top 10 New entrants in EdelGive Hurun India Philanthropy List 2022

 Rank

Name

Donation (INR Cr)

Age

Primary Cause

Company

1

Susmita and Subroto Bagchi

213

65

Healthcare

Mindtree

1

Radha and NS Parthasarathy

213

61

Healthcare

Mindtree

3

Ajit Isaac

115

55

Healthcare

Quess Corp

4

Rakesh Gangwal

100

69

Education

InterGlobe Aviation

5

Girdhari Lal Bawri, Rajendra Agarwal and Banwari Lal Bawri

41

-

Education

Macleods Pharmaceuticals

6

Naveen Jindal & family

38

52

Education

Jindal Steel & Power

7

Ashok Soota

26

79

Education

Happiest Minds Technologies

8

Govind Dholakia

15

75

Education

Shree Ramkrishna Exports

9

Madhukar Parekh, Ajay Parekh & Kalpana Parekh

10

-

Healthcare

Pidilite Industries

10

Anil Rai Gupta & family

9

53

Education

Havells India

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2022

 

Change in Allocation

 

Nithin Kamath & Nikhil Kamath of Zerodha with a 308% year-on-year increase in philanthropic donations lead the list of individuals who have increased their contributions (in percentage terms) to social causes. The brothers have pledged a quarter of their wealth to philanthropy and have plans to give back INR 750 crore over the next three years.

 

Prithavi Raj Jindal & family of JSW Steel have donated 231% more in FY22 when compared to the previous fiscal. The Foundation’s focus areas are Education, Health & Nutrition, Skill Development, Rural BPO, Environment & Water, Sports, and Art & Heritage. Through a strong field presence, it operates across 22 rural locations in 11 Indian States with priority on communities around JSW’s plant & port locations.

 

Table 4: Increased allocation (%) in EdelGive Hurun India Philanthropy List 2022

 Rank

Name

% Change

Donation(INR Cr)

Primary Cause

Company

1

Nithin Kamath & Nikhil Kamath

308%

100

Disaster Relief

Zerodha

2

Prithavi Raj Jindal & family

231%

16

Education

JSW Steel

3

Binny Bansal

174%

37

Education

3 State Ventures

4

SP Oswal & family

160%

15

Education

Vardhman Textiles

5

Ratan Jindal & family

152%

16

Education

Jindal Stainless (Hisar)

6

Bajranglal Taparia & Mahaveer Prasad Taparia

134%

14

Education

Supreme Industries

7

Sajjan Jindal & family

132%

37

Education

JSW Steel

8

Vinod Kumar Agarwal

127%

25

Healthcare

Agarwal Coal

9

Sanjiv Goenka & family

118%

72

Education

CESC

10

Cyrus S Poonawalla & Adar Poonawalla

94%

112

Education

Serum Institute of India

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2022

 

Binny Bansal, co-founder of Flipkart is ranked third in this classification with a 174% increase in his allocation to social causes. Bansal has given INR 37 crore in FY22 and his primary cause is education.

 

Table 5: Increased allocation (INR Cr) in EdelGive Hurun India Philanthropy List 2022

 Rank

Name

Change INR Cr

Donation (INR Cr)

Primary Cause

Company

1

Nithin Kamath & Nikhil Kamath

76

100

Disaster Relief

Zerodha

2

Gautam Adani & family

60

190

Education

Adani

3

Cyrus S Poonawalla & Adar Poonawalla

54

112

Education

Serum Institute of India

4

Rohini Nilekani

52

120

Environmental Sustainability

Rohini Nilekani Philanthropies

5

S Gopalakrishnan & family

40

90

Healthcare

Infosys

6

Sanjiv Goenka & family

39

72

Education

CESC

7

Anil Agarwal & family

35

165

COVID

Vedanta

8

AM Naik

30

142

Healthcare

Larsen & Toubro

9

Binny Bansal

24

37

Education

3 State Ventures

10

Sajjan Jindal & family

21

37

Education

JSW Steel

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2022

 

Nithin Kamath & Nikhil Kamath of Zerodha also lead the list of individuals who have increased their philanthropy donations in absolute terms, with INR 76 crore in one year taking the total donations in FY22 to INR 100 crore.

 

India’s richest man Gautam Adani increased his donations by INR 60 crore in FY22 to a total of INR 190 crore and is ranked second in this classification.

 

Vaccine king Cyrus S Poonawalla & Adar Poonawalla are ranked third with an increase of INR 54 crore above their contribution in the past year. Poonawalla’s made a donation of INR 112 crore in FY22 and their primary cause of philanthropy is education.

 

Women in the list

 

6 women find their place in EdelGive Hurun India Philanthropy List 2022. With a donation of INR 120 crore, Rohini Nilekani of Rohini Nilekani Philanthropies is India’s most generous woman, followed Leena Gandhi Tewari of USV who donated INR 21 crore. Anu Aga & family of Thermax donated INR 20 crore in FY22 to come in the third spot.

 

Table 6: India’s most generous women - 2022

 Rank

Name

Donation (INR Cr)

Age

Primary Cause

Company

1

Rohini Nilekani

120

63

Environmental Sustainability

Rohini Nilekani Philanthropies

2

Leena Gandhi Tewari

21

65

Healthcare

USV

3

Anu Aga & family

20

80

Education

Thermax

4

Manju D Gupta & family

16

79

Rural Development

Lupin

5

Renu Munjal & family

10

67

Education

Hero MotoCorp

6

Kiran Mazumdar Shaw

7

69

Environmental Sustainability

Biocon

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2022

 

Rohini Nilekani is ranked overall at the eleventh position with a personal contribution of INR 120 crore. Wife of Nandan Nilekani, Rohini is a committed philanthropist and she, together with her husband Nandan signed the Giving Pledge, which commits half their wealth to philanthropic causes. She is the chairperson of Rohini Nilekani Philanthropies and co-founder and director of EkStep, a non-profit education platform. Rohini is also the founder and former chairperson of Arghyam, a foundation she set up in 2001 for sustainable water and sanitation, which funds initiatives across India.

 

Leena Gandhi Tewari of pharma company USV is ranked second with a donation of INR 21 crore. Leena set up the Dr Susheela Gandhi Centre for Social Development in Vakola for supporting underprivileged women. The center supports the education and learning of girls by mentoring them through academic instruction, dance, and computers. She has also authored her grandfather’s autobiography - Beyond Pipes and Dreams.

 

Anu Aga & Family with a donation of INR 20 crore is in the third position of women who have donated the most for social causes. Anu retired as chairperson of Thermax in October 2004 and is the founder chairperson Thermax Foundation, the non-profit CSR wing of Thermax focussing primarily on offering children from economically underprivileged backgrounds a level playing field through quality education, so that they are able to make choices in life and lift themselves out of poverty.

 

Most preferred Philanthropic Cause – 2022

 

With 20.2% of donations, Education remains the most favoured philanthropic cause, followed by Health Care 18.7% and Arts, Culture & Heritage receiving 11.1%.

 

Table 7: Favored Philanthropic Causes of 2022

Rank

Cause

Total Donation (INR Cr)

No. of Donors

Change %

Highest Donor

Highest Individual Donation for the cause (INR Cr)

1

Education

 1,270

76

-87%

Shiv Nadar

371

2

Health Care

 1,154

74

34%

Susmita and Subroto Bagchi, Radha and NS Parthasarathy

425

3

Arts, Culture & Heritage

 629

27

-16%

Shiv Nadar & family

603

4

COVID

 473

60

4329%

Mukesh Ambani & family

169

5

Environment & Sustainability

 193

50

46%

Nithin Kamath & Nikhil Kamath

80

6

Societal Platforms

 156

2

7%

Nandan Nilekani

139

7

Rural Transformation

 141

40

-16%

Mukesh Ambani & family

51

8

Livelihood Enhancement

 76

24

-5%

Gautam Adani & family

29

9

Skills Development

 64

25

103%

Anand Mahindra & family

16

10

Renewable Energy

 25

5

New

Azim Premji

25

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2022

 

 

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 FY22

Rank

Company

Key Person

Prescribed CSR (INR Cr)

Actual CSR (INR Cr)

1

Vedanta

Anil Agarwal

38

138

2

UPL

Rajju Shroff

9

27

3

Jindal Steel & Power

Naveen Jindal

46

125

4

Apollo Hospitals Enterprise

Prathap C Reddy

8

16

5

Hindalco Industries

Kumar Mangalam Birla

24

38

6

Wipro

Azim Premji

183

222

7

Macrotech Developers

Mangal Prabhat Lodha

5

5.5

8

Grasim Industries

Kumar Mangalam Birla

36

42

9

Divi's Laboratories

Murali K Divi

39

45

10

Hindustan Zinc

Anil Agarwal

169

191

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2022

 

Philanthropy List by City

 

With 36 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

35 (+3)

Mukesh Ambani & family

411

2

New Delhi

17 (-1)

Shiv Nadar & family

1,161

3

Bengaluru

14 (+4)

Azim Premji & family

484

4

Pune

7 (0)

Cyrus S Poonawalla & Adar Poonawalla

112

5

Ahmedabad

6 (+1)

Gautam Adani & family

190

6

London

4 (0)

Anil Agarwal & family

165

7

Hyderabad

3 (-4)

Murali K Divi & family

23

7

Chennai

3 (-1)

Kalanithi Maran & family

29

7

Kolkata

3 (0)

Sanjiv Goenka & family

72

10

Dubai

2 (-1)

Ratan Jindal & family

16

10

Ludhiana

2 (0)

SP Oswal & family

15

10

Thrissur

2 (0)

Joy Alukkas & family

10

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2022

 

Growth

 

Over the last five years, cumulative donations in the EdelGive Hurun India Philanthropy List grew 2 times.

 

Chart 10: Growth of cumulative donation in EdelGive Hurun India Philanthropy List 2022

  

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2022

 

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

Donation INR Cr

2022

2021

2020

2019

2018

2017

2016

2015

2014

Top 10

142

114

74

83

36

53

96

145

200

Top 25

37

33

27

30

13

12

11

34

25

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2022

 

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

Rank

Name

Donation (INR Cr)

Company

Residence

Age

1

Shiv Nadar & family

1,161

HCL Technologies

New Delhi

77

2

Azim Premji & family

484

Wipro

Bengaluru

77

3

Mukesh Ambani & family

411

Reliance Industries

Mumbai

65

4

Kumar Mangalam Birla & family

242

Aditya Birla

Mumbai

55

5

Susmita and Subroto Bagchi

213

Mindtree

Bengaluru

65

5

Radha and NS Parthasarathy

213

Mindtree

Bengaluru

61

7

Gautam Adani & family

190

Adani

Ahmedabad

60

8

Anil Agarwal & family

165

Vedanta

London

69

9

Nandan Nilekani

159

Infosys

Bengaluru

67

10

AM Naik

142

Larsen & Toubro

Mumbai

80

11

Rohini Nilekani

120

Rohini Nilekani Philanthropies

Bengaluru

63

12

Ajit Isaac

115

Quess Corp

Bengaluru

55

13

Cyrus S Poonawalla & Adar Poonawalla

112

Serum Institute of India

Pune

81,41

14

Nithin Kamath & Nikhil Kamath

100

Zerodha

Bengaluru

43,36

14

Rakesh Gangwal

100

InterGlobe Aviation

Mclean

69

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2022

 

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

Rank

Name

Donation (INR Cr)

Company

Residence

Age

1

S Gopalakrishnan & family

90

Infosys

Bengaluru

67

2

Bajaj family

79

Bajaj

Pune

-

3

Anand Mahindra & family

75

Mahindra & Mahindra

Mumbai

67

4

Sanjiv Goenka & family

72

CESC

Kolkata

61

5

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

60

Muthoot Finance

New Delhi

-

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2022

 

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

2022

108

52

16

6

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 2022

 

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 12,122 crore in FY22. 

 

 

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

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2022

 

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 2022

 

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 22

Cumulative Excess Spend FY 22

3yr Average Profit (%)

1

Oil & Gas

10

2,257

350

3.1%

2

Software & Services

13

1,789

52

1.9%

3

Banks

18

1,518

23

1.9%

4

Metals & Mining

8

1,480

520

3.1%

5

Utilities

10

970

203

2.3%

6

Other Financial Services

16

820

5

1.6%

7

Automobiles & Auto Components

13

538

41

2.7%

8

Food, Beverages & Tobacco

6

475

1

1.9%

9

Capital Goods

11

384

40

1.9%

10

Pharmaceuticals

17

371

4

1.7%

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2022

 

Full List: EdelGive Hurun India Philanthropy List 2022

Rank

Name

Donation

INR crore

Primary Cause

Company

1

Shiv Nadar & family

1,161

Arts & Culture

HCL Technologies

2

Azim Premji & family

484

Education

Wipro

3

Mukesh Ambani & family

411

Education

Reliance Industries

4

Kumar Mangalam Birla & family

242

Education

Aditya Birla

5

Susmita and Subroto Bagchi

213

Healthcare

Mindtree

5

Radha and NS Parthasarathy

213

Healthcare

Mindtree

7

Gautam Adani & family

190

Education

Adani

8

Anil Agarwal & family

165

COVID

Vedanta

9

Nandan Nilekani

159

Societal Thinking

Infosys

10

AM Naik

142

Healthcare

Larsen & Toubro

11

Rohini Nilekani

120

Environmental Sustainability

Rohini Nilekani Philanthropies

12

Ajit Issac

115

Healthcare

Quess Corp

13

Cyrus S Poonawalla & Adar Poonawalla

112

Education

Serum Institute of India

14

Rakesh Gangwal

100

Education

InterGlobe Aviation

14

Nithin Kamath & Nikhil Kamath

100

Disaster Relief

Zerodha

16

S Gopalakrishnan & family

90

Healthcare

Infosys

17

Bajaj family

79

Healthcare

Bajaj

18

Anand Mahindra & family

75

Education

Mahindra & Mahindra

19

Sanjiv Goenka & family

72

Education

CESC

20

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

60

Education

Muthoot Finance

21

Dilip & Anand Surana

49

Healthcare

Micro Labs

22

Girdhari Lal Bawri, Rajendra Agarwal and Banwari Lal Bawri

41

Education

Macleods Pharmaceuticals

23

Kochouseph Chittilappilly & family

40

Disaster Relief

V-Guard Industries

24

Naveen Jindal & family

38

Education

Jindal Steel and Power

25

Sajjan Jindal & family

37

Education

JSW Steel

25

Binny Bansal

37

Education

Investments

27

Benu Gopal Bangur & family

36

Rural Development

Shree Cement

28

SD Shibulal & family

35

Healthcare

Infosys

29

Hinduja family

34

Education

Hinduja

30

Hasmukh Chudgar & family

33

Education

Intas Pharmaceuticals

31

Zarina & Ronnie Screwvala

29

Education

Unilazer Ventures

31

Kalanithi Maran

29

Education

Sun TV Network

33

Ashok Soota

26

Education

Happiest Minds Technologies

34

Vinod Kumar Agarwal

25

Healthcare

Agarwal Coal

34

Godrej family

25

COVID

Godrej

36

Amit and Archana Chandra

24

Education

A.T.E. Chandra Foundation

37

Murali K Divi & family

23

Healthcare

Divi's Laboratories

38

Radhakishan Damani & family

22

Education

Avenue Supermarts

38

Burman family

22

Healthcare

Dabur India

40

Leena Gandhi Tewari

21

Healthcare

USV

41

Sudhir Mehta & Samir Mehta

20

Healthcare

Torrent Pharmaceuticals

41

Anu Aga & family

20

Education

Thermax

41

Yusuf Hamied & family

20

Healthcare

Cipla

44

Nusli Wadia & family

19

Healthcare

Britannia Industries

45

Shri Ram Beriwala & Shyam Sunder Beriwala

18

Healthcare

Shyam Steel

46

Uday Kotak

17

Education

Kotak Mahindra Bank

47

Madhukar Parekh & family

16

Healthcare

Pidilite Industries

47

Ratan Jindal & family

16

Education

Jindal Stainless (Hisar)

47

Prithavi Raj Jindal & family

16

Education

JSW Steel

47

Manju D Gupta & family

16

Rural Development

Lupin

47

Chirayu R Amin & family

16

COVID

Alembic Pharmaceuticals

52

Govind Dholakia

15

Education

Shree Ramkrishna Exports

52

Ranjan Pai & family

15

Education

Manipal Education & Medical

52

SP Oswal & family

15

Education

Vardhman Textiles

52

Arvindkumar Poddar & family

15

Healthcare

Balkrishna Industries

56

Lachman Dass Mittal & family

14

Education

International Tractors

56

Ashwin Dani & family

14

Skill Development

Asian Paints

56

Harish Shah & family

14

COVID

Signet Excipients

56

Bajranglal Taparia & Mahaveer Prasad Taparia

14

Education

Supreme Industries

56

Vikram Lal & family

14

COVID

Eicher Motors

61

Rajan Raheja & family

13

Healthcare

Exide Industries

61

Harsh Mariwala & family

13

Education

Marico

61

Prakash Chhabria & Ritu Chhabria

13

COVID

Finolex Cables

61

Basant Bansal & Roop Kumar Bansal

13

COVID

M3M India

61

Pankaj Patel & family

13

Healthcare

Cadila Healthcare

66

Harsh Vardhan Goenka & family

12

Skill Development

RPG Enterprises

66

Glenn Saldanha & family

12

Skill Development

Glenmark Pharmaceuticals

66

PV Ramprasad Reddy & family

12

Education

Aurobindo Pharma

66

Ajay S Shriram & family

12

Healthcare

DCM Shriram

70

Pawan Kant Munjal & family

11

Education

Hero MotoCorp

70

Balkrishan Goenka & family

11

COVID

Welspun India

70

Baba Kalyani & family

11

Education

Bharat Forge

70

Dilip Shanghvi

11

Healthcare

Sun Pharmaceutical Industries

70

Kuldip Singh Dhingra & Gurbachan Singh Dhingra

11

Skill Development

Berger Paints

75

Suman Kant Munjal & family

10

Education

Hero MotoCorp

75

Renu Munjal & family

10

Education

Hero MotoCorp

75

Joy Alukkas & family

10

Healthcare

Joy Alukkas

75

Rajiv Singh & family

10

COVID

DLF

75

Madhukar Parekh, Ajay Parekh & Kalpana Parekh

10

Healthcare

Pidilite Industries

75

Rajendra Vallabhaji Gogri & Chandrakant Vallabhaji Gogri

10

Education

Aarti Industries

81

Arun Bharat Ram & family

9

Education

SRF

81

Mannalal B Agrawal & family

9

COVID

Ajanta Pharma

81

Anil Rai Gupta & family

9

Education

Havells India

84

Anurang Jain & family

8

Rural Development

Endurance Technologies

84

Sunil Mittal & family

8

Education

Bharti Airtel

84

K P Ramasamy & family

8

Education

KPR Mill

84

Sajjan Kumar Patwari & family

8

Education

Rashmi Cements

84

Rajju Shroff & family

8

Education

UPL

89

VP Nandakumar & family

7

Education

Manappuram Finance

89

Shivratan Taparia & family

7

Education

Supreme Industries

89

Rajinder Gupta & family

7

Healthcare

Trident

89

Bhadresh Shah & family

7

Education

AIA Engineering

89

Kiran Mazumdar Shaw

7

Environmental Sustainability

Biocon

89

Onkar Kanwar & family

7

Healthcare

Apollo Tyres

89

Raghavpat & Madhavkrishna Singhania

7

Education

JK Cement

89

Rajiv Modi

7

Education

Cadila Pharmaceuticals

97

Sanjeev Jain & Sandeep Jain

6

Education

Akums Drugs & Pharmaceuticals

97

Satish Ramanlal Mehta

6

Healthcare

Emcure Pharmaceuticals

97

LN Mittal & family

6

Disaster Relief

HPCL-Mittal Energy

97

VC Nannapaneni & family

6

Education

Natco Pharma

97

Sameer Gehlaut & family

6

Education

Indiabulls Housing Finance

97

Bhairavi Vakil, Nehal Vakil & Vivek Vakil

6

Skill Development

Asian Paints

97

Shabana Faizal & Faizal E. Kottikollon

6

Healthcare

KEF Holdings

104

Narendrakumar Parekh & Sushil Kumar Parekh

5

Healthcare

Pidilite Industries

104

K Satish Reddy & family

5

Livelihood Enhancement

Dr. Reddy's Laboratories

104

Prathap C Reddy

5

Healthcare

Apollo Hospitals Enterprise

104

Amar Arvind Vakil

5

Skill Development

Asian Paints

104

Deepak Chimanlal Mehta

5

Healthcare

Deepak Nitrite

Source: Hurun Research Institute; EdelGive Hurun India Philanthropy List 2022

 

 

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 2022, 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 2021 to 31 March 2022, 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.

 

Disclaimer and Notices

 

This report has been prepared by Hurun Report India and EdelGive Foundation. All the data collection has been done by Hurun Report India using a systematic methodology. This report is meant for information purposes only. Reasonable care and caution have been taken in preparing this report. The information contained in this report has been obtained from sources that are considered reliable and that which is available in the public domain. By accessing and/or using any part of this report, the user accepts this disclaimer and exclusion of liability which operates to the benefit of Hurun Report India and EdelGive Foundation. Hurun Report India and EdelGive Foundation do not guarantee the accuracy, adequacy, or completeness of any information contained in the report and neither shall it be responsible for any errors or omissions in or for the results obtained from the use of such information. No third party whose information is referenced in this report, under the credit to it, assumes any liability towards the user with respect to its information. Hurun Report India and EdelGive Foundation, shall not be liable for any decisions made by the user based on this report (including those of investment or divestiture) and the user takes full responsibility for their decisions made based on this report. Hurun Report India and EdelGive Foundation shall not be liable to any user of this report (and expressly disclaim liability) for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential losses, loss of profit, loss of business and economic loss regardless of the cause of form of action and regardless of whether or not any such loss could have been foreseen.

 

* The report belongs to Hurun Report India. Any third-party brands, names, or trademarks contained in the report belong to the relevant third parties.

 

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