IT major Wipro’s Azim Premji donated Rs 22 crore a day or Rs 7,904 crore in a year to emerge as the most generous Indian in FY20 and top a list of philanthropy. On the other hand, Richest Indian Mukesh Ambani of Reliance Industries retained the third spot among the list of givers by donating Rs 458 crore as against Rs 402 crore a year ago. Azim Premji, 75, donated ₹ 7,904 crores in 2020.
He pipped HCL Technologies’ Shiv Nadar, who had earlier topped the list collated by Hurun Report India and Edelgive Foundation, by a wide margin. Nadar’s donations stood at Rs 795 crore for FY20 as against Rs 826 crore in the year-ago period. Premji had donated Rs 426 crore in the previous fiscal.
According to EdelGive Hurun India Philanthropy List 2020, Azim Premji, founder chairman of @Wipro topped the list of philanthropists in India for this year & became the Most Generous Indian, with a donation of ₹7,904 crore.#CSR #Wipro #AzimPremji @EdelGive @HurunReportInd pic.twitter.com/kkMfIm4vxO
— Amit Upadhyay (@AmitVUpadhyay) November 11, 2020
“Azim Premji Endowment Fund owns 13.6 per cent of the promoter’s shareholding in Wipro and has the right to receive all money earned from promoter shares. On 1 April 2020, Azim Premji Foundation (Rs 1,000 crore), Wipro (Rs 100 crore), and Wipro Enterprises (INR 25 crore) have committed INR 1,125 crore towards tackling the Covid-19 pandemic outbreak. These are in addition to the annual CSR activities of Wipro, and the usual philanthropic spending of the Azim Premji Foundation,” a press release by EdelGive Hurun India Philanthropy List 2020 reveals.
Azim Premji,the founder chairman of @Wipro tops the EdelGive Hurun India Philanthropy List 2020.
— HURUN INDIA (@HurunReportInd) November 10, 2020
Azim Premji, 75, transformed Wipro from a company making vegetable oil to a diversified conglomerate. One of the richest men in India, he has donated a large part of his wealth to philanthropic causes.
After his father emerged as the most generous Indian for the year 2020, Rishad Premji took to Twitter to share something about his father’s philosophy on wealth.
“My father has always believed that he was a trustee of his wealth and never its owner,” wrote Rishad Premji. “Being part of the communities in which we live and work is also a core part of Wipro.”
My father has always believed that he was a trustee of his wealth and never it’s owner. Being part of the communities in which we live and work is also a core part of Wipro. pic.twitter.com/TiDL58S23M
— Rishad Premji (@RishadPremji) November 11, 2020
E-commerce firm Flipkart’s co-founder Binny Bansal was the youngest donor at 37 with a commitment of Rs 5.3 crore and the average age of the donors on the list was 66 years, it said.
‘Start young’ they say. Binny Bansal is the first philanthropist under the age of 40 to enter the philanthropy list.
Find the entire list at https://t.co/FBbjQGgfMM
— HURUN INDIA (@HurunReportInd) November 12, 2020
The fourth spot was secured by Kumar Mangalam Birla, Chairman, Aditya Birla Group, followed by Anil Agarwal, Chairman, Vedanta Group, in the fifth spot. The list has three of Infosys’ co-founders with Nandan Nilekani (Rs 159 crore), S Gopalkrishnan (Rs 50 crore), and S D Shibulal (Rs 32 crore).