EdelGive Hurun India Philanthropy List 2021

by Team Conscious Carma

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! 
  • 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, GROUP 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 SUPERSTAR 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 ON 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

Hurun India and EdelGive released the EdelGive Hurun India Philanthropy List 2021. This is the 8th annual ranking of the most generous individuals in India. This is their 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 mindsets 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 the cumulative value of donations too. Some of the tech entrepreneurs, who I have interacted, are in the process of finalising substantial “giving back” plans to cause 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

RankNameDonation  (INR Cr)Change %Primary CauseCompany3yr Donation (INR Cr)
1(-)Azim Premji & family9,71323%EducationWipro18,070
2(-)Shiv Nadar & family1,26359%Arts, Culture & HeritageHCL Technologies2,884
3(-)Mukesh Ambani & family57726%EducationReliance Industries1,437
4(-)Kumar Mangalam Birla & family37747%HealthcareAditya Birla732
5(+2)Nandan Nilekani18315%Societal ThinkingInfosys546
6(+2)Hinduja family16625%EducationHinduja 351
7(+3)Bajaj family13683%HealthcareBajaj 341
8(+1)Gautam Adani & family13048%Disaster ReliefAdani302
8(-3)Anil Agarwal & family130-40%Disaster ReliefVedanta458
10(+24)Burman family114502%HealthcareDabur India151

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

With a donation of INR 9,713 crore, Azim Premji & family76, 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 the 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.

EdelGive Hurun India Philanthropy List 2021

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.

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