HCL’s Shiv Nadar Most Generous, Azim Premji Slips To Second Spot: Hurun India Philanthropy List

Shiv Nadar, founder, HCL, bagged the top spot as the most generous person in the country with an annual donation of Rs 1,161 crore, the EdelGive Hurun India Philanthropy List 2022 revealed on Thursday.

According to PTI, Nadar (77) has reclaimed the ‘India’s most generous’ title with a donation of Rs 3 crore per day.

On the other hand, Wipro’s Azim Premji (77) slipped to the second position with an annual donation of Rs 484 crore after ruling at the top position for the past two consecutive years, the report said.

Gautam Adani (60), India’s richest man, ranked seventh in Edelgive Hurun India Philanthropy List 2022, with a donation of Rs 190 crore.

The report also revealed that in India a total of 15 individuals made an annual donation of over Rs 100 crore, 20 donated over Rs 50 crore, while 43 over Rs 20 crore.

A M Naik (80), group Chairman of Larsen and Toubro, who donated Rs 142 crore, is the country’s most generous professional manager, the report pointed out.

Nithin Kamath and Nikhil Kamath of Zerodha increased their donation by 300 per cent to Rs 100 crore.

With donations of Rs 213 crore each, Subroto Bagchi and N S Parthasarathy, co-founders of Mindtree, stormed into the top 10 of the Edelgive Hurun India Philanthropy List 2022.

Ranked as the 12th most generous Indian, Quess Corp Chairman Ajit Isaac debuted in the list with a donation of Rs 105 crore to the Indian Institute of Science (IISC), Bengaluru.

Rakesh Gangwal, co-promoter of Indigo Airlines, also debuted in Edelgive Hurun India Philanthropy List 2022 with Rs 100 crore personal donation to the School of Medical Sciences and Technology at IIT, Kanpur.

Anas Rahman Junaid, MD and Chief Researcher, Hurun India, said, “EdelGive Hurun India Philanthropy List aims at chronicling the Indian philanthropy landscape and so far the transformation is encouraging. For instance, over the last five years, the number of donors who have given more than Rs 100 crore have grown from 2 to 15, and over 50 crore have grown from five to 20. Considering the wealth creation potential of India and assuming that the billionaires keep up with philanthropy, I expect these numbers to at least double over the next five years.”

The Hurun Report is based on a survey of India’s most successful entrepreneurs, including those from the Hurun India Rich List 2022, meticulously cross-referencing the results with media reports and charitable foundations.

Infosys’s Nandan Nilekani, Kris Gopalakrishnan, and S D Shibulal donated Rs 159 crore, Rs 90 crore, and Rs 35 crore, ranking 9th, 16^thand 28th, respectively.

Nikhil Kamath (36) is the youngest philanthropist on the list.

This year there were 19 new additions to the list, who made a total donation of Rs 832 crore. Also, this year six women philanthropists featured in the list.

With a donation of Rs 120 crore, Rohini Nilekani (63), is the most generous woman philanthropist in India, followed by Leena Gandhi Tewari and Anu Aga, who donated Rs 21 crore and Rs 20 crore, respectively.

With a donation of Rs 24 crore, the philanthropy couple, Amit Chandra (53) and Archana Chandra (51), are the only other professional managers on the list.

The number of philanthropists who have donated more than Rs 10 crore increased by 116 per cent over the last 4 years, from 37 to 80 this year.

The average age of philanthropists in the list is 69 years, which is two years older than last year’s.

Based on place of residence, Mumbai led with 33 per cent of the list of most generous people in the country, followed by New Delhi accounting for 16 per cent and Bengaluru at 13 per cent.

The pharmaceutical industry has the largest number of philanthropists in the list, accounting for 20 per cent, followed by chemicals and petrochemicals at 11 per cent.

The Top 10 in the EdelGive Hurun India Philanthropy List 2022 is shown below