Azim Premji tops philanthropy list with Rs 8,000 crore donation
China-based Hurun Report Inc launched the inaugural Hurun India Philanthropy List 2013, with IT tycoon Azim Hashim Premji emerging as the most generous Indian with a donation of Rs 8,000 crore in the past year.business Updated: Nov 14, 2013 02:24 IST
When it comes to philanthropy, Indians don't share the table with the likes of Bill Gates but still there are a few who do really donate and the latest list is topped by Azim Premji of Wipro.
Close on the heels of releasing the second edition of Hurun India Rich List, China-based Hurun Report Inc launched the inaugural Hurun India Philanthropy List 2013, with IT tycoon Azim Hashim Premji emerging as the most generous Indian with a donation of Rs 8,000 crore in the past year.
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.
Education was the most important area for the Indian philanthropists with a total contribution of Rs 12,200 crore.
It was followed by social development (Rs 1,210 crore), healthcare (Rs 1,065 crore), rural development (Rs 565 crore), environmental cause (Rs 170 crore) and agriculture (Rs 40 crore).
"This list demonstrates the responsibility taken by entrepreneurs," Rupert Hoogewerf, chairman and chief researcher of Hurun Report said.
HCL group Chairman Shiv Nadar is the second highest contributor in the list with a donation of Rs 3,000 crore.
The Shiv Nadar Foundation, which completed 20 years in philanthropy this year, works towards educational initiatives and expansion programmes, directly benefiting 15,000 students across India.
Hurun India Philanthropy List is a ranking of 31 Indians who donated more than Rs 10 crore (equivalent to USD 1.6 million) in cash or cash equivalent during April 1, 2012 till March 31, 2013.
GM Rao, through GMR Varalakshmi Foundation, donated Rs 740 crore for the education of underprivileged children, becoming the third biggest philanthropist in India's corporate world.
Nandan and Rohini Nilekani stand fourth in the list with a contribution of Rs 530 crore.