In 2023, India’s philanthropic landscape witnessed the inclusion of 25 new entrants, strengthening the list of esteemed philanthropists to an impressive tally of 119 eminent benefactors. These generous individuals have collectively contributed a whopping INR 8,445 crores, representing a whopping 59% increase compared to the previous year and an astounding 200% increase compared to the philanthropic landscape over the last three years.
Shiv Nadar and family top the philanthropy list of Indian philanthropists, with a donation of INR 2042 million in 2023.
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List of Top 10 Philanthropists in India 2023
Incredibly, the number of Indian benefactors who have generously donated more than ₹100 crores has grown from just 2 people on the 2018 list to an impressive 14, a testament to the growing commitment to philanthropy among India’s elite.
Notably, the pharmaceutical sector emerged as a leader in the philanthropic arena, accounting for 17% of the total number of philanthropists, closely followed by the chemicals and petrochemicals sector at 11%, highlighting the diverse sectors embraced by these compassionate contributors.
Intriguing insights from the report show that the average age of these benevolent individuals is a respectable 68 years. Furthermore, geographically, the epicenter of philanthropy is mostly located in Mumbai, which comprises 33% of the philanthropic community, followed by New Delhi with 16% and Bengaluru with 11%.
Here is the list of top 10 philanthropists in India:
|
Rank |
Name |
Donation (INR Cr) |
Change in % |
Primary cause |
Society |
|
1 |
Shiv Nadar and family |
2,042 |
76% |
Art, culture and heritage |
HCL Technologies |
|
2 |
Azim Premji and family |
1,774 |
267% |
Education |
Wipro |
|
3 |
Mukesh Ambani and family |
376 |
-8% |
health care |
Reliance Industries |
|
4 |
Kumar Mangalam Birla and family |
287 |
18% |
Education |
Aditya Birla |
|
5 |
Gautam Adani and family |
285 |
50% |
Education |
Adani |
|
6 |
The Bajaj family |
264 |
234% |
Education |
Bajaj |
|
7 |
Anil Agarwal and family |
241 |
46% |
health care |
Vedanta |
|
8 |
Nandan Nilekani |
189 |
19% |
Ecosystem building |
Infosys |
|
9 |
Cyrus S Poonawalla and Adar Poonawalla |
179 |
60% |
health care |
Serum Institute of Inida |
|
10 |
Rohini Nilekani |
170 |
41% |
Ecosystem building |
Philanthropies by Rohini Nilekani |
As we unveil the famous list of top 10 philanthropists in India, it must be admitted that compiling such an exhaustive summary of India’s most generous souls is no small feat.
This list includes extensive research from India’s most successful entrepreneurs, Hurun India and EdelGive. It is important to note that the report looked at cash and cash equivalents together with legally binding commitments over the twelve months ranging from 1 April 2022 to 31 March 2023, along with the latest available Corporate Social Responsibility (CSR) data provided to the Ministry Corporate affairs.
In addition, the report carefully accounted for donations made by individuals through companies in which they had significant stakes. For example, Biocon’s contributions, given Kiran Mazumdar-Shaw’s 60.68% ownership, are meticulously recorded. It is worth noting that one-off philanthropic donations, such as Azim Premji’s transfer of a significant portion of his Wipro shares in 2015, are not included in this year’s estimate.
For the sake of maximum transparency, it is necessary to emphasize that this list includes only individuals born and raised in India, regardless of their current citizenship status. Furthermore, values are rounded for clarity and past figures remain subject to exchange rate fluctuations.
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Top Philanthropists in India 2023
Shiv Nadar and family
Shiv Nadar and his family have catapulted to the top of philanthropy in the India Philanthropy List 2023, with a staggering contribution of ₹2,042 crore. As the founder and chairman of HCL Technologies, Nadar’s unwavering commitment is evidenced by the incredible 76% increase in his donations, setting an admirable example for the philanthropic community. Established in 1994, the Shiv Nadar Foundation passionately adheres to the ethos of ‘Creative Philanthropy’, focusing primarily on endeavors within the fields of arts and culture. Notable initiatives include SSN Institutions, VidyaGyan, Shiv Nadar University, Shiv Nadar School, Shiksha Initiative and Kiran Nadar Art Museum. The Foundation’s total commitment reaches a staggering US$1.1 billion through its impactful initiatives.
Azim Premji and family
Azim Premji and his family secured a noteworthy second place in the list, with a significant donation of INR 1774 million. This outstanding contribution reflects an increase of a staggering 267% year-on-year, which is mainly attributed to a whopping 400% dividend growth in Wipro’s dividend payout in FY 2023. In particular, Premji’s innovative strategy allows trusts to benefit financially from shares while retaining voting rights. , showing his shrewd approach to philanthropy.
Mukesh Ambani and family
Mukesh Ambani and his family, the driving force behind Reliance Industries, have left an indelible mark on the philanthropic landscape with a generous donation of INR 376 million, securing the prestigious third place in the India Philanthropy List 2023. Their philanthropic endeavors are channeled through the Reliance Foundation, with a primary focus on improvement of the education and health sectors.
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Kumar Mangalam Birla and family
The Kumar Mangalam Birla family has amazingly placed fourth on the India Philanthropy List 2023 with a generous donation of ₹287 crore. Significantly, a significant portion of this contribution, around INR 75 million, comes from their personal funds, which underscores their deep-rooted commitment to philanthropy. Globally, the group’s Corporate Social Responsibility (CSR) expenditure exceeds INR 500 million, a symbol of their wide-ranging philanthropic impact.
Gautam Adani and family
Gautam Adani and his family, representing the Adani Group, have made a significant philanthropic impact with a commendable donation of INR 285 million. This generous contribution has secured them the fifth position on the India Philanthropy List 2023. Their philanthropic efforts are channeled through the Adani Foundation, with a primary focus on improving the education sector.
Bajaj and family
Marking an influential debut on the philanthropic stage, the Bajaj family has reached the sixth position on the India Philanthropy List 2023 with a generous donation of INR 264 million. This significant achievement underscores their commitment to meaningful giving and social impact, marking their inaugural appearance on this esteemed list since its inception.
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Anil Agarwal and family
Anil Agarwal, 70, who is ranked seventh on the 2023 India Philanthropy List, is a major donor with INR 241 crores. This represents an impressive 46% increase over its previous years. Project Nand Ghar, a flagship project of the Anil Agarwal Foundation (AAF), was launched in 2015 with the admirable goal of improving the lives of 2 million women and 7 million children among India’s 13.7 lakh Anganwadis.
Nandan and Rohini Nilekani
Ranked eighth and tenth on India’s Philanthropy List 2023, philanthropic couple, Nandan Nilekani, aged 68, and Rohini Nilekani, aged 64, consistently demonstrate their deep commitment to philanthropy with annual donations of INR 189 crores and INR 170 crores respectively. They have pledged half of their wealth to philanthropic causes through the ‘Giving Pledge’, taking their cumulative donation to an impressive ₹360 crore, indicating their unwavering commitment to noble deeds towards society.
Cyrus S Poonawalla and Adar Poonawalla
With a donation of INR 179 million, Cyrus S. Poonawalla and Adar Poonawalla, representing the Serum Institute of India, made a significant impact on the India Philanthropy List 2023, ranking ninth. With a particular focus on the healthcare industry, this represents a significant increase of 60% over the previous year’s contributions. The Poonawalla brothers’ continued support of health-related charities is demonstrated by their additional contribution of $19.08 million from Serum Inc. and Serum Institute Life Science-UK.
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Source: newstars.edu.vn