NEWS – EdelGive-Hurun India Philanthropy List 2024 released

HIGHLIGHTS

• List ranks the most generous philanthropists in India.
• HCL Technologies founder Shiv Nadar, 79, topped the list for the third time in five years.
• Nadar donated Rs 2,153 crore in the financial year ending March 2024.

Prominent Philanthropists Ranked by Contributions

• Shiv Nadar
  • Donation: Rs 2,153 crore in FY 2024.
  • Has topped the list multiple times, emphasizing his commitment to philanthropy.
• Mukesh Ambani
  • Donation: Rs 407 crore personally.
  • Reliance Industries, led by Ambani and family, contributed Rs 900 crore to CSR initiatives, exceeding the mandatory amount by Rs 60 crore.
• Nandan Nilekani
  • Infosys co-founder Nandan Nilekani ranked sixth with Rs 307 crore.
  • Topped the list of incremental donations, adding an extra Rs 118 crore compared to the previous year.
• Rohini Nilekani
  • Donated Rs 154 crore, ranking tenth.
  • Recognized as the top female philanthropist in India.
  • One of 21 women philanthropists featured in the list.

City-Based Philanthropy Statistics

• Mumbai
  • Leads the list with 30% of the philanthropists residing in the city.
• New Delhi
  • Accounts for 19% of the philanthropists on the list.
• Bengaluru
  • Represents 9% of the list, with notable philanthropists such as Nandan Nilekani and Rohini Nilekani.

Incremental Growth in Philanthropy

• Increase in Number of Philanthropists and Donations
  • This year’s list includes 203 philanthropists, with 96 new entrants.
  • The total donation amount was Rs 8,783 crore, an increase of 55% compared to two years ago.
• Threshold for Top 10 Philanthropists Doubles
  • To enter the top 10, donations had to reach at least Rs 154 crore, a significant increase from Rs 83 crore five years ago.
• Increase in Large Donations (Over Rs 100 crore)
  • Eighteen individuals donated over Rs 100 crore, up from just nine in 2019.
  • Comparison with China: Despite having more billionaires and a larger GDP, China has only 25 philanthropists donating over Rs 100 crore.

Youngest and Notable Philanthropists

• Nikhil Kamath, 38, co-founder of Zerodha, is the youngest philanthropist on the list.

Philanthropy Channels: CSR Spending and Foundations

• Philanthropy through NGOs and Foundations
  • 91 philanthropists manage their CSR spending through partnerships with NGOs.
  • 113 individuals have established personal foundations for their philanthropic contributions.
• Geographic Allocation of CSR Funds
  • Maharashtra received the largest share of CSR funds from companies whose founders were listed.
  • Significant contributions were also directed toward Gujarat.

Personal Philanthropy Ranking

• Top Philanthropists Based on Personal Donations Only
  • Shiv Nadar leads in personal philanthropy with Rs 1,992 crore.
  • Nandan Nilekani and Krishna Chivukula follow in the ranking.