MUMBAI: Big-hearted Indian billionaires gave away more of their wealth to charity in fiscal 2023 with 119 individuals cumulatively donating Rs 8,445 crore, up 59% in a year and 200% compared to three years ago.
According to EdelGive Hurun India Philanthropy List 2023, the top 10 cumulatively donated Rs 5,806 crore in FY23, as against a combined donation of Rs 3,034 crore in the previous year.
Shiv Nadar, 78, retained the title of India’s most generous individual for the third time in five years. Shiv Nadar & family made an annual donation of Rs 2,042 crore through the Shiv Nadar Foundation, which comes to Rs 5.6 crore per day. The founder-chairman of HCL Technologies – whose philanthropic endeavours have predominantly centered around arts & culture and education – contributed 76% more than his donations in FY22.

Wipro’s Azim Premji, 78, in the second spot, made an annual donation of Rs 1,774 crore – a 267% increase year-on-year, and attributed to a significant 400% rise in dividend payouts by Wipro in FY2023. This strategy employed by Premji enables trusts to benefit monetarily from shares, while Premji retains voting rights.
Naghma Mulla, CEO, EdelGive Foundation, said this is a record year for big philanthropy, adding the list captures the essence of modern India’s giving culture. “Wealth creation is important for economic development, while philanthropy is equally important for economic prosperity. I am enthusiastic about the surge in personal philanthropy in India. Cumulative personal donations have increased by 60% to reach Rs 4,958 crore, constituting 70% of the total donations in the list,” said Mulla.
In the past five years, the number of donors contributing over Rs 100 crore have surged from two to 14, and those donating over Rs 50 crore have risen from five to 24. “Given India’s potential for wealth creation and assuming a continued commitment to philanthropy by billionaires, I anticipate these figures to potentially double over the next five years,” added Mulla.
With a donation of Rs 376 crore, Mukesh Ambani & family secured the third position. Their philanthropic endeavours, channelled through the Reliance Foundation, are focused on enhancing the education and healthcare sectors.
Kumar Mangalam Birla & family figured in the fourth spot with a donation of Rs 287 crore. Notably, around Rs 75 crore of this contribution comes from their personal funds. On a global scale, the group’s corporate social responsibility (CSR) expenditure surpasses Rs 500 crore.
At the fifth position, Gautam Adani & family of the Adani Group donated Rs 285 crore, while Anil Agarwal & family, in the 7th spot, made a donation of Rs 241 crore, marking a 46% increase over their contributions in the previous year. Also in the top 10 are the philanthropic couple Nandan Nilekani and Rohini Nilekani, with annual donations of Rs 189 crore and Rs 170 crore, respectively.
Zerodha’s co-founder Nikhil Kamath, 37, is the youngest philanthropist in the list with the Kamath Brothers donating Rs 110 crore this year.

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