Azim Premji tops EdelGive Hurun India Philanthropy List 2020, Shiv Nadar & Mukesh Ambani follow
By ET Bureau | Updated:
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Azim Premji (C), Shiv Nadar (L) and Mukesh Ambani rule the top 3 spots of EdelGive Hurun India Philanthropy List 2020.
Highlights
Total donations in the list increase by 175% to INR 12,050 crore in 2020
Number of individuals who have donated more than INR 10 crore increases from 37 to 78 this year
With a donation of INR 27 crore, Amit Chandra,52, and Archana Chandra, 49, of A.T.E. Chandra Foundation are the first and only professional managers to ever enter the Edelgive Hurun India Philanthropy List
Kumara Mangalam Birla and Anil Agarwal moved into the top 5
At age 37, Binny Bansal is the youngest in the list
With 36 individuals, Mumbai is home to most of the philanthropists in Edelgive Hurun India philanthropy list 2020, followed by New Delhi (20) and Bengaluru (10)
Education the most favored cause with 90 philanthropists cumulatively donating INR 9,324 crores
With 84 donors, healthcare registered a 111% increase in cumulative donation, followed by disaster relief & management, which had 41 donors
With a donation of INR 47 crore, Rohini Nilekani, 61, was the most generous woman philanthropist in the list
Hurun India and EdelGive on Tuesday released the seventh edition of EdelGive Hurun India Philanthropy List 2020. Azim Premji & family, the Founder-Chairman of Wipro topped the 2020 list, while Shiv Nadar, Founder-Chairman of HCL Technologies, ranked second; followed by richest Indian Mukesh Ambani, Chairman, Reliance Industries at the third spot. The fourth spot was earned by Kumar Mangalam Birla, Chairman, Aditya Birla Group followed by Anil Agarwal, Chairman, Vedanta Group at the 5th spot.
The 2020 EdelGive Hurun Philanthropy List showcases 112 people, up 12% against the 2019 edition. Mumbai topped the preferred city of residence for top philanthropists with 36 names from the city being a part of this edition. Delhi and Bengaluru followed as second and third cities respectively. Education remained the biggest cause supported by the donors in India but - mirroring Hurun’s Global Philanthropy List. Healthcare and water conversation witnessed a spike in donations compared to last year.
Kumar Mangalam Birla and Anil Agarwal secured the 4th and the 5th spot, respectively.
“Reports of this nature are rare, but give us deep insight into the philanthropic sector and the patterns of giving that are ever-evolving. This year, we also looked at our methodology very closely – ensuring we keep the process transparent and proactively invite leaders of a diverse group to participate in the list. I am certain the EdelGive Hurun India Philanthropy List will inspire a lot of new philanthropists towards strategic giving,” says Vidya Shah, Chairperson and CEO, EdelGive Foundation.
Twenty-eight philanthropists entered EdelGive Hurun India Philanthropy List 2020 for the first time. The top new additions in the list are S D Shibulal of Infosys with a donation of INR 32 crore, followed by Amit and Archana Chandra of A.T.E. Chandra Foundation who donated INR 27 crore, and Shri Ram Beriwala & Shyam Sunder Beriwala of Shyam Steels who donated INR 19 crore.
While Rohini Nilekani was named India’s most generous woman, Binny Bansal became the only philanthropist under the age of 40 to enter the list. Anas Rahman Junaid, MD and Chief Researcher of Hurun India adds, “The preferred cause of India’s top philanthropists has been education, although poverty alleviation has grown dramatically to become the second most popular cause this year. I hope the Hurun Philanthropy List can help people understand the mindset of some of India’s most successful entrepreneurs and philanthropists, as well as inspire future generations to give back.”
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Rohini Nilekani, who donates through Rohini Nilekani Philanthropies, is India’s most generous woman, followed by Anu Aga & family of Thermax. While Binny Bansal is the only philanthropist under the age of 40 to enter the philanthropy list.
EdelGive Hurun India Philanthropy List tracks donations measured by the value of their cash or cash equivalents from April 2019 to March 31, 2020. This year’s EdelGive Hurun India Philanthropy List 2020 features individuals who have donated INR 5 crore or more during the period under review.
The average age is 66, three years older than entrepreneurs on the Hurun India Rich List, and two years older than philanthropists on last year's EdelGive Hurun India Philanthropy List.
Foreign Investors Love India: Paytm Top-Valued Startup At $10 Bn; Snapdeal & Byju’s Also In The List
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Venture capitalists make a living out of backing the right horse. The corporate racecourse is filled with examples of colts that went on to win big, in part due to funding from well-heeled backers who bought into the early promise. Think Facebook, Spotify, or Alibaba.
According to a report by the machine intelligence platform CB Insights, there were 411 unicorns as of January 2019, of which the lion’s share were registered in the United States and China.
Venture capitalists make a living out of backing the right horse. The corporate racecourse is filled with examples of colts that went on to win big, in part due to funding from well-heeled backers wh..
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Since the opening up of the Indian economy nearly three decades ago, a raft of businesses have sprung up, becoming torchbearers for the country on the world stage. Despite cloudy skies on the economic front, India remains a favoured destination for foreign investors, many of who see a pot of gold at the end of the rainbow. As many as 19 unicorns are stabled in India. In business parlance, a unicorn is a startup is a private company that is valued at over USD 1 billion. India has the distinction of being in the fourth spot globally in terms of the number of ‘unicorns’ according to the country of their domicile.
Since the opening up of the Indian economy nearly three decades ago, a raft of businesses have sprung up, becoming torchbearers for the country on the world stage. Despite cloudy skies on the economi..
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The United States boasts 194 unicorns, while China, the United Kingdom and India have 99, 20, and 18 high-value startups. India ranks higher than countries like Germany, France, and South Korea, which have more advanced economies.
The United States boasts 194 unicorns, while China, the United Kingdom and India have 99, 20, and 18 high-value startups. India ranks higher than countries like Germany, France, and South Korea, whic..
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At USD 10 billion, the top-valued Indian unicorn is One97 Communications, the parent company of Paytm. The highest-valued private company in the world is China’s Bytedance, the maker of a suite of popular social sharing apps including TikTok, which was briefly banned in India. Other Indian companies on the list include Snapdeal (USD 7 billion), Byju’s (USD 5.75 billion), Oyo Rooms (USD 4.3 billion), Swiggy (USD 3.3 billion), and Zomato (USD 2.18 billion).
Here a look at some of the highest-valued unicorns in India, industry-wise.
At USD 10 billion, the top-valued Indian unicorn is One97 Communications, the parent company of Paytm. The highest-valued private company in the world is China’s Bytedance, the maker of a suite of po..
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China’s Bytedance tops the chart at USD 75 billion, followed by Alibaba-backed SenseTime and the New York-headquartered UiPath. USD 7 billion-rated Argo AI is among the top four firms engaged in developing artificial intelligence and machine learning technology. Argo AI, which is backed by the Volkswagen Group and Ford Autonomous Vehicles, is in the process of crafting a self-driving technology platform for clients in the automobile industry. Other notable unicorns in this industry include China’s face recognition company Face+, whose investors include Ant Financial and the Russia-China Investment Fund.
China’s Bytedance tops the chart at USD 75 billion, followed by Alibaba-backed SenseTime and the New York-headquartered UiPath. USD 7 billion-rated Argo AI is among the top four firms engaged in deve..
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India’s Ola makes it to the list, with secured financial backing from SoftBank Group, Tiger Global Management, Matrix Partners India. However, it is one of the smallest auto and mobility sector companies in the unicorn club. Beijing-based Didi Chuxing is the highest-valued auto unicorn at USD 56 billion. The list also includes Singapore-headquartered Grab and the U.S. scooter-on-rent startup Lime. The investors in Lime include Uber and Google-parent Alphabet.
India’s Ola makes it to the list, with secured financial backing from SoftBank Group, Tiger Global Management, Matrix Partners India. However, it is one of the smallest auto and mobility sector compa..
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E-cigarette maker JUUL Labs, which was recently in the news for advertisements targeted at teenagers, is the highest valued consumer unicorn. Some of the other non-traditional entrants to the unicorn club include Zume Pizza, an automated pizza delivery restaurant, and Miniso, the Chinese low-cost retailer and variety store. Entrepreneurs tend to have an affinity for garages - and Apple and Google are not the only ones. BrewDog, a craft brewery founded in a garage in Scotland by two 24-year-olds, who initially took to selling their wares from the back of their van. BrewDog is currently worth USD 1.15 billion.https://public.tableau.com/views/consumerandretailunicorns/Dashboard1?:embed=y&:display_count=yes&publish=yes&:origin=viz_share_link
E-cigarette maker JUUL Labs, which was recently in the news for advertisements targeted at teenagers, is the highest valued consumer unicorn. Some of the other non-traditional entrants to the unicorn..
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Ten of the 11 companies on this list are based in the United States, indicating its dominance in information security. China’s Tongdun Technology, which is valued at USD 1 billion, is the only non-American cybersecurity unicorn. Tanium, Kaseya, and Cybereason take the top three slots. Tanium, valued at USD 6.7 billion, was founded by the father-and-son duo of David and Orio Hindawi, Iraqi Americans.
Ten of the 11 companies on this list are based in the United States, indicating its dominance in information security. China’s Tongdun Technology, which is valued at USD 1 billion, is the only non-Am..
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Peter Thiel-owned Palantir Technologies is the highest-valued data management focused on big data analytics. Like with cybersecurity unicorns, this list is also dominated by American companies, the only exceptions being Jusfoun Big Data and Alibaba-backed DT Dream. Other noteworthy firms on the list include Databricks, Mu Sigma, and Rubrik.
Peter Thiel-owned Palantir Technologies is the highest-valued data management focused on big data analytics. Like with cybersecurity unicorns, this list is also dominated by American companies, the o..
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India has two representatives on the list of e-commerce unicorns – Snapdeal and Shopclues. The former is valued at USD 7 billion, while the latter is worth USD 1.10 billion. The American online vendor Wish is the biggest e-commerce unicorn, valued at USD 11.20 billion. South Korea and Brazil are also represented, given their dynamic markets and healthy consumer spending patterns. The online Brazilian real estate rental marketplace QuintoAndar, which is backed by General Atlantic and the Softbank Group, is worth around USD 1 billion.
India has two representatives on the list of e-commerce unicorns – Snapdeal and Shopclues. The former is valued at USD 7 billion, while the latter is worth USD 1.10 billion. The American online vendo..
