New Delhi: IT czar Azim Premji is the "Most Generous Indian" for the third year running, according to a list by Hurun India.For latest news on Business & Budget 2017, like us on Facebook and follow us on Twitter.
According to the Hurun India Philanthropy List, which is a ranking of the most generous individuals from the country, 70-years-old Azim Hashim Premji was named as the most generous Indian as he donated Rs 27,514 crore for education, followed by Nandan Nilekani and Narayana Murthy in the second and third places, respectively.
The Azim Premji Foundation is working for empowering education in India. It works in eight states and has more than 3,50,000 schools.
Nandan, Rohini Nilekani and the family came in second with a donation of Rs 2,404 crore, towards the cause of urban governance, public policy and education, while Narayana Murthy and family donated Rs 1,322 crore for encouraging entrepreneurship, social development and education.
Meanwhile, Mukesh Ambani of Reliance Industries was ranked sixth in the Hurun India Philanthropy List.
"Ambani, the richest man in India, donated Rs 345 crore towards healthcare," the report said.
Others in the top ten include K Dinesh (4th), who donated Rs 1,238 crore, followed by Shiv Nadar (5th), with Rs 535 crore in donations, Sunny Varkey and family (7th, Rs 326 crore), Ronnie Screwvala (8th, Rs 158 crore), Rahul Bajaj and family (9th, Rs 139 crore), and Pallonji Mistry (10th), with Rs 96 crore in donations.
The donations were measured by the value of their cash or cash equivalents from November 1, 2014 to October 31, 2015.
As per Hurun Research, there were 36 individuals, down from 50 in 2014, who donated Rs 10 crore or more in 2015. Interestingly, there were 12 new entrants and 26 dropouts.
With a donation of Rs 35 crore, Rohan Murthy (32nd) of Infosys is the youngest philanthropist on the list with the oldest being Pallonji Mistry (86th) of Shapoorji Pallonji who donated Rs 96 crore.
According to Charity Aid Foundation UK, as per the World Giving Index, India came down in its ranking from 93rd in 2013 to 106 in 2014, demonstrating an overall reduction in Indian philanthropy.
"Despite weak corporate earnings in 2015 compared to last year, the increasing speed of wealth creation seems to promise a bright future for Indian philanthropy", Hurun Report India business head Anas Rahman Junaid said.