Home PHILANTHROPY Philanthropy Figures Drop In 2016; Average Age Rises To 65 years

Philanthropy Figures Drop In 2016; Average Age Rises To 65 years

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Founder and Chairman of HCL Ltd, Shiv Nadar (71) emerged as the ‘Most generous Indian’ with donation of Rs 630 crore towards education, according to the Hurun India Philanthropy List 2016. The list was released today by The Hurun Research Institute.

None of the top three philanthropists of last year made it to the top 10 list this year. Wipro Ltd Chairman Azim Premji had topped the list in 2015 with a whopping Rs 27,514 crore. This year he ranked at the 13th level with a donation of Rs 34 crores. Nandan and Rohini Nilekani ranked second and NR Narayana Murthy ranked third with donations of Rs 2,404 crore and Rs 1,322 crore respectively in 2015. However, Nilekani could not make it to the list and Murthy ranked 22nd in 2016.

In 2015, Azim Premji had transferred a significant part of his shareholding amounting to 39% of the shares of Wipro to a trust and foundation, which had been taken into account last year. Since this is a one-time philanthropic donation, it has not been included this year.

Average donation per philanthropist in 2015 was Rs 900 crore mainly on the back of Premji’s donation. However, average donation dropped to Rs 86 crore this year whereas it was Rs 300 crore in 2014.

Infosys co-founder Kris Gopalakrishnan (61) and wife, Sudha Gopalakrishnan came in second with a donation of Rs 313 crore primarily towards healthcare, social development and education. Mukesh Ambani (59) of Reliance Industries Ltd, came in third with a donation of Rs 303 crore made towards causes such as education, rural development, sports, health and Swachch Bharat.

Kiran Mazumdar-Shaw (63) of CMD Biocon and the only self-made woman entrepreneur in the list, donated Rs 45 crore to healthcare, education, supporting civic and social issues. She has contributed Rs 40 crore in her personal capacity for the same. “My philanthropic efforts are directed towards building a society, where everyone has equal access to quality healthcare irrespective of person’s economic and social status,” Mazumdar-Shaw told Hurun Report India.

Table: Hurun India Philanthropy list 2016

Rank 2016 Rank 2015 Name 2016 (INR crs) 2015 (INR crs) Primary Cause Age Company City Networth (INR CR)
1 6 Shiv Nadar 630 535 Education 71 HCL New Delhi 73,000
2 17 Kris Gopalakrishnan & Family 313 38 Healthcare 61 Infosys Bangalore 8,400
3 7 Mukesh Ambani 303 345 Healthcare 59 Reliance Mumbai 163,400
4 15 Cyrus Poonawalla 250 65 Healthcare 71 Poonawalla Group Pune 83,000
5 9 Rahul Bajaj & family 244 139 Education 78 Bajaj Auto Pune 20,700
6 8 Ronnie Screwvala 160 158 Rural Empowerment 54 Swades Foundation Mumbai NA
7 16 Ajay Piramal 111 52 Education 61 Piramal Enterprise Mumbai 14,900
8 12 Godrej Family 75 85 Livelihood Enhancement 76 Godrej Mumbai 78,500
9 10 Shapoorji Pallonji Mistry 68 96 Social Development 87 Shapoorji Pallonji Group Mumbai 101,100
10 13 Savitri Jindal & Family 53 83 Social Development 66 Jindal Steel & Power Hisar 35,000
11 26 Kiran Mazumdar-Shaw 45 16 Healthcare 63 Biocon Bangalore 10,800
12 11 Anil Agarwal & Family 44 95 Healthcare 62 Vedanta Resource London 13,700
13 1 Azim Premji & Family 34 27514 Education 71 Wipro Bangalore 74,700
14 19 Azad Moopen 32 32 Healthcare 63 DM Healthcare Dubai 7,400
15 27 Anand Burman & Family 24 15 Healthcare 64 Dabur New Delhi 41,800
16 14 Kumar M Birla & family 21 70 Education 49 Aditya Birla Group Mumbai 45,500
17 New Gautham Adani 20 0 Education 54 Adani ports Ahmedabad 42,400
18 21 Anil Ambani & Family 19 30 Healthcare 57 Reliance Capital Mumbai 28,500
19 New  M.A.Yusuf Ali 19 0 Healthcare 61 Emke Group Abu Dhabi 36,600
20 31 Ravi Pillai 15 13 Social Development 64 RP Group Dubai 18,800
21 33  T.S. Kalyanaraman 10 12 Social Development 65 Kalyan Jewellers Thrissur 5,600
22 4 NR Narayana Murthy & Family 14 1322 Encourage entrepreneurship 70 Infosys Bangalore 10,400
23 25 Sunil Mittal & family 13 18 Education 59 Bharti Airtel New Delhi 50,300
24 32 Subhash Chandra & family 12 12 Social Development 66 Zee Entertainment Mumbai 35,100
25 36 Pankaj Patel & family 12 11 Healthcare 63 Cadilla Health Care Ahmedabad 31,000
26 35 Harsh Mariwala & family 11 11 Education 65 Marico Mumbai 19,600
27 New Desh Bandhu Gupta 10 0 Social – economic Development 78 Lupin Mumbai 40,400

 

The fourth edition of Hurun Philanthropy List measured donations by the value of their cash or cash equivalent from January 1, 2016 to December 31, 2016. With the same cut-off as last year of Rs 10 crore, the Hurun India Philanthropy List has 27 individuals, down from 36 last year.

Education continued to be the most favoured philanthropic cause with 35% donations. This is followed by causes like healthcare, sanitation, social development and rural empowerment.

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

The average age is 65 years, two years older than last year’s average age and four years older than the average age of the Hurun India Rich List 2016.

With a donation of Rs 21 crores, Kumar M Birla (49) of Aditya Birla Group is the youngest philanthropist on the list; eldest being Pallonji Mistry (87) of Shapoorji Pallonji Group who contributed Rs 68 crores.

Also this year, the list had only two women philanthropists as compared to four last year. This included Kiran Majumdar Shaw and Savitri Jindal from the Jindal Group.

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Regards,
The CSR Journal Team