Hurun Report launches the fourth edition of Hurun India Philanthropy List

Hurun Report launches the fourth edition of Hurun India Philanthropy List

NEW DELHI (INDIA); The Hurun Research Institute today released the Hurun India Philanthropy List 2016, a ranking of the most generous individuals from India. Donations were measured by the value of their cash or cash equivalent from 1 January 2016 to 31 December 2016.nnThis is the fourth year of the list and it follows on from the Hurun India Rich List, a ranking of 339 richest individuals in India, released in September 2016 for the fourth year.nnWith the same cut-off as last year of INR 10 Cr, the Hurun India Philanthropy List has 27 individuals, down by 9 from last year.nn? HCL founder Shiv Nadar (71) tops the Hurun India Philanthropy list with INR 630 Crores donation towards education.nn? Infosys co-founder Kris Gopalakrishnan (61) and wife, Sudha Gopalakrishnan came in second with a donation of INR 313 Crores primarily towards healthcare, social development and education.nn? Mukesh Ambani (59) of Reliance-The Business Mogul, came in third with a donation of INR 303 Crores made towards causes such as education, rural development, sports , health and has also contributed to Swach Bharat.nn? Kiran Mazumdar-Shaw (63) of CMD Biocon and the only self-made woman entrepreneur in the list, donated INR 45 Crores to healthcare, education and social development.nn? Ajay Piramal (61), donated INR 111 Crores towards education, healthcare rural development and women empowerment.nn? Accounting for 35% of the donations, education remains the most favored philanthropic cause.nn? With 10 individuals, Mumbai is home to most of the Hurun philanthropists, followed by Bengaluru and Delhi.nn? The average age is 65 years, four years older than the average age of the Hurun India Rich List 2016.nn? With a donation of Rs 21 crore, Kumar M Birla (49) of Aditya Birla Group is the youngest philanthropist on the list; eldest being Pallonji Mistry (87) of Shapoorji Pallonji Group who contributed Rs 68 crores.nn? With 9 dropouts from the list, Indian philanthropy is at Rs 2,334 Crore, with an average donation per philanthropist being Rs 86 Crore.nn? 18 Self-made and 8 Inherited in the Hurun Philanthropy List 2017nn? Only 2 women philanthropists compared to 4 last year.nTable 1: Top 10 Philanthropist of 2016:nnTable 1: Top 10 Philanthropist of 2016:n

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Rank 2016 Rank 2015 Name Donation (INR CR) Cause Age Company City Networthnn(INR CR)
1 6 Shiv Nadar 630 Healthcare 71 HCL New Delhi 73,000
2 17 Kris Gopalakrishnan & Family 313 Healthcare 61 Infosys Bangalore 8,400
3 7 Mukesh Ambani 303 Healthcare 59 Reliance Mumbai 163,400
4 15 Cyrus S Poonawalla 250 Healthcare 71 Poonawalla Group Pune 83,000
5 9 Rahul Bajaj & family 244 Education 78 Bajaj Auto Pune 20,700
6 8 Ronnie Screwvala 160 Rural Empowerment 54 Swades Foundation Mumbai NA
7 16 Ajay Piramal 111 Education 61 Piramal Enterprise Mumbai 14,900
8 12 Godrej Family 75 Livelihood Enhancement 76 Godrej Mumbai 78,500
9 10 Shapoorji Pallonji Mistry 68 Social Development 87 Shapoorji Pallonji Group Mumbai 101,100
10 13 Savitri Jindal & family 53 Social Development 66 Jindal Steel & Power Hisar 35,000

nSource: Hurun Research Institute & Hurun India Rich List 2016nShiv Nadar (71): The founder and Chairman of HCL donated INR 630 Crores to various charitable activities through the Shiv Nadar Foundation out of which INR 458 Crores was spent on infrastructure projects i.e. building for additional capacity creation for Shiv Nadar University.nnKris Gopalakrishnan (61): Infosys co-founder, Kris Gopalakrishnan and his wife, Sudha secure second position in the Hurun India philanthropy List and has donated INR 313 Crores through his trust, The Pratiksha Trust, which includes projects in education, healthcare, research and entrepreneurship. They also provide scholarships to medical and engineering students and monthly pensions to senior citizens.nnMukesh Ambani (59): Indian business magnate and the richest Indian is third in Hurun India Philanthropy list. Mukesh Ambani, donated INR 303 Cr towards healthcare. He channelizes his philanthropic initiative through Reliance foundation, his philanthropic arm. The primary aim of the foundation is to promote sustainable growth in India. Besides healthcare, his philanthropic interests include social & rural development and education.nCyrus S Poonawalla (71): Vaccine billionaire, Cyrus S Poonawalla, who set up Serum Institute has donated INR 250 Crores. The funds raised are used for his philanthropic work, including setting up educational institutes and hospitals. His vision ?Health for all with affordable vaccines? is revolutionizing the world saving millions of children around the world.nRahul Bajaj & family (78): The Indian businessman, politician and philanthropist billionaire has contributed INR 244 Crores through his CSR spending towards Education, Healthcare and Social development.nnRonnie Screwvala (54): The founder of the Swades Foundation and Unilazer Ventures donated INR 160 Crores. The sole purpose of the foundation is to provide livelihood, water and sanitation, education and health.nnAjay Piramal (61): Ajay Piramal donated INR 111 Crores through his philanthropic initiative through Piramal Foundation. It includes activities for education (PFEL), health care (Swasthya), water purification (Sarvajal), rural development (Udgam) and Women Empowerment (Piramal Udgam). Piramal Foundation develops innovative solutions to resolve issues that are critical roadblocks towards unlocking India?s economic potential.nnGodrej Family (76): Industrialist, Adi Godrej has contributed INR 74.5 Crores out of which INR 44.60 Crores have been donated through Pirojsha Godrej Foundation and Soonabai Godrej Foundation for causes such as education and medical aid. He has also contributed INR 4.5 Crore in his personal capacity.nnShapoorji Pallonji Mistry (87): Construction Magnate and chairman of Pallonji Group, Shapoorji Pallonji Mistry has made donations for social development, livelihood enhancement, healthcare, education and environment sustainability. His contribution is mainly attributable to the Corporate Social Responsibility (CSR) spending of Tata group companies on account of his 18.40% stake.nnKiran Mazumdar-Shaw (63): The only self-made Indian women entrepreneur, Kiran Mazumdar-Shaw?s personal philanthropy spending is spread across healthcare and education, promoting science, encouraging startups, supporting civic and social issues , encouraging art and artists and other relative areas. She has contributed INR 40 Crores in her personal capacity for the same. Her total philanthropic contribution is INR 45 Crores.nnAnas Rahman Junaid, Managing Director and Chief Researcher, Hurun Report India, said ?India being a young country would take a few more years before consistent philanthropic donations from the entrepreneurs. We would have missed some of the major donors, however, based on the information received 2016 has been a dull year for Indian philanthropy. If we were to consider the international CSR and philanthropic donations, the list would be much longer?nnOther interesting donations:n? Rakesh Jhunjhunwala has pledged INR 5,000 Crore for the welfare of the society. He is often referred to as the India?s Warren Buffet. A big supporter of various Non-Profit organizations and education trusts including Agastya and Ashoka University.nn? An Indian diamantaire and philanthropic social activist, Laljibhai Patel, has pledged a donation of INR 200 Crore for the welfare of 10,000 girls of the Patidar community. He said an amount of INR 2 Lakh would be transferred to the second daughter born in the Patidar community when they would attain 21 years of age.nn? Most preferred Philanthropic Cause – 2016:nEducation remains the most favored philanthropic cause followed by Healthcare and Social Development. Shiv Nadar is the highest Individual contributor for education and his primary objective is to create a measureable impact in the lives of the children and youth.nnWith initatives such as Digital India, rural electrification, Modi government has been pushing the need for overall societal development. Taking advantage of such schemes, the Indian entrepreuers are investing more into rural areas as part of long term business goals.nnCyrus S Poonawalla?s Clean City vision for Pune has made him contribute INR 130 Crores towards social responsibility and he aspires to make Indian Urban Cities more livable.nn?My philanthropic efforts are directed towards building a society, where everyone has equal access to quality healthcare irrespective of person?s economic and social status.? – Kiran Mazumdar-Shaw, CMD Biocon to Hurun Report IndiannTable 2: Favored Philanthropic Causes of 2016:nn nn nn nnTable 2: Favored Philanthropic Causes of 2016:n

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Cause No. of Donors  nn%of Donors Total Contribution (INR Crs) Highest Donor Rank 2016 Highest Individual Donation (INR Cr)
Education 13  nn48% 818 Shiv Nadar 1  nn630nn 
Healthcare 14  nn52% 208nn  Mukesh Ambani 3  nn146nn 
Sanitation 3  nn11% 153nn  Cyrus Poonawalla 4 130
Social Development 11

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