After the Companies Act, 2013, many family-owned businesses have set up foundations that are at times also used to deploy personal wealth for philanthropy. More evolved Next Generation Philanthropists (NGPs) have established tight governance structures, and...
Wipro Chairman Azim Premji has earmarked 34% of Wipro Ltd shares worth INR 52,750 crore ($7.5 billion) for his philanthropic activities.
“Azim Premji has increased his commitment to philanthropy, by irrevocably renouncing more of his personal assets...
