HCL's Shiv Nadar India's Most Generous Industrialist

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HCL’s Shiv Nadar India’s Most Generous Industrialist

| Updated: October 21, 2022 13:35

According to the EdelGive Hurun India Philanthropy List for 2022, HCL Technologies founder and industrialist Shiv Nadar is ‘India’s most generous’ industrialist with an annual donation of Rs 1,161 crore. The 77-year-old Nadar donated Rs 3 crore per day on an average.

EdelGive Hurun India Philanthropy List 2022 is the ninth annual ranking of the most generous individuals in India. It features individuals who have donated Rs 5 crore or more during the period under review.

Nadar and family came in first place among the top with a donation of ₹1,161 crore. They were followed by Azim Premji and family with a donation of ₹484 crore and Mukesh Ambani and family with a donation of ₹411 crore.

Fourth on the list is Kumar Mangalam Birla and family, who donated INR 242 crore. The family has made an individual contribution of almost ₹75 crore. With a combined contribution of INR 425 crore to the Indian Institute of Science (IISc), Susmita, Subroto, Radha, and NS Parthasarathy are jointly rated fifth in the list.

Asia’s richest man, Gautam Adani, figured seventh on the list. The 60-year-old chairman of India’s Adani Group donated Rs. 190 Crore.

Nadar’s donations this year were eight percent lower than his donations in FY21, whereas Premji’s contribution towards philanthropy has fallen by 95 percent year-on-year. It can be attributed to the share buy-back in 2021.

Vedanta’s Anil Agarwal with Rs 165 crore is at number eight, numbers nine and 10 are secured respectively by Nandan Nilekani (Rs 159 crore) and Larsen and Toubro’s 80-year-old AM Naik (Rs 142 crore). Nithin and Nikhil Kamath of Zerodha, the youngest on the list, increased their donation by 300 percent to Rs 100 crore.

The report revealed that in India a total of 15 individuals made annual donations of over Rs 100 crore while 20 donated over Rs 50 crore and 43 over Rs 20 crore. The number of philanthropists who have donated over Rs 10 crore has increased by 116 percent in the last four years to 80 this year.

Also Read: MoUs Worth Rs 1.53 Crore Signed at DefExpo 2022

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