Home CATEGORIES Business Ethics & Philanthropy Philanthropy Figures Drop In 2016; Average Age Rises To 65 years

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

March 30, 2017

1667

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.

Thank you for reading the story until the very end. We appreciate the time you have given us. In addition, your thoughts and inputs will genuinely make a difference to us. Please do drop in a line and help us do better.

Regards,
The CSR Journal Team