7 November 2024, Mumbai) Hurun India and EdelGive released the EdelGive-Hurun India Philanthropy List 2024. This is the 11^th annual ranking of the most generous individuals in India. This is our attempt to highlight India’s remarkable givers and to capture the growing importance of individual givers in India's philanthropic landscape towards nation-building. Donations were measured by the value of their cash or cash equivalents from 1 April 2023 to 31 March 2024. This is the eleventh year of the list, and it follows on from the Hurun India Rich List, a ranking of 1,539 wealthiest individuals in India, released in August 2024 for the thirteenth year.

EdelGive Foundation has partnered with Hurun India to create this report to understand philanthropic giving in the country from a data and evidence point of view. The report is significant in understanding the data of giving and throws light on the sectors and geographies at the receiving end of this giving. Through this report, we aim to bring to notice the strength of the social sector and access areas that require further growth.

This year’s EdelGive-Hurun India Philanthropy List 2024 features individuals who have donated INR 5 Cr or more during the period under review.

Methodology

To put together a comprehensive list of the most prominent philanthropists of India is an almost impossible task. However, we at Hurun believe that the EdelGive Hurun India Philanthropy List is the most serious and authoritative effort to date, identifying the individuals and highlighting the causes to which they donate. To make this list, the Hurun Report surveyed India’s most successful entrepreneurs, including those from the Hurun India Rich List 2024, meticulously cross-referencing the results with media reports and charitable foundations.

Hurun Report includes cash and cash equivalents pledged with legally binding commitments for the twelve months from 1 April 2023 to 31 March 2024 and the latest available CSR data filed with the Ministry of Corporate Affairs.

Hurun Report included donations made by companies in which an individual had a significant share by applying the percentage the individual has of the company on the donations. So, for example, Bajaj Finance, for the period made donations of INR 216 crore, and Bajaj family  holds 54.7% of the shares of the company, so Hurun Report recorded Bajaj Finance’s contribution to Bajaj Family’s overall philanthropy at INR 118 crore. In 2015, Azim Premji transferred a significant part of his shareholding, amounting to 39% of the shares of Wipro, to trust and foundation, which had been taken into account that year. Since this is a one-time philanthropic donation, it has not been included this year.

The list only includes individuals born and raised in India regardless of their current passport. Values are rounded, and past figures are subject to exchange rate fluctuations.

Disclaimer and Notices

This report has been prepared by Hurun Report India and EdelGive Foundation. All the data collection has been done by Hurun Report India using a systematic methodology. This report is meant for information purposes only. Reasonable care and caution have been taken in preparing this report. The information contained in this report has been obtained from sources that are considered reliable and that which is available in the public domain. By accessing and/or using any part of this report, the user accepts this disclaimer and exclusion of liability which operates to the benefit of Hurun Report India and EdelGive Foundation. Hurun Report India and EdelGive Foundation do not guarantee the accuracy, adequacy, or completeness of any information contained in the report and neither shall it be responsible for any errors or omissions in or for the results obtained from the use of such information. No third party whose information is referenced in this report, under the credit to it, assumes any liability towards the user with respect to its information. Hurun Report India and EdelGive Foundation, shall not be liable for any decisions made by the user based on this report (including those of investment or divestiture) and the user takes full responsibility for their decisions made based on this report. Hurun Report India and EdelGive Foundation shall not be liable to any user of this report (and expressly disclaim liability) for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential losses, loss of profit, loss of business and economic loss regardless of the cause of form of action and regardless of whether or not any such loss could have been foreseen.

* The report belongs to Hurun Report India. Any third-party brands, names, or trademarks contained in the report belong to the relevant third parties.

About EdelGive Foundation

Founded in 2008, EdelGive is a Philanthropic Asset Manager and Advisory Partner to funders including individuals, HNIs, corporates, institutions and Foundations – both domestic and international. EdelGive provides both financial and non-financial support to small and midsized NGOs working with vulnerable communities across India. EdelGive supports organizations that focus on providing quality education, promoting the social and economic empowerment of women, and building resilient livelihoods for communities. With a footprint covering over 2 million people in 23 states and 167 districts across India, EdelGive works with nearly 300 NGO partners.

For more information on EdelGive Foundation please visit: www.edelgive.org

About the Hurun Report      

Hurun Report is a leading research, luxury publishing, and events group established in London in 1998. With operations in India, China, France, the UK, the USA, Australia, Japan, Canada, and Luxembourg, it is widely recognised worldwide for its comprehensive evaluation of the wealthiest individuals. Hurun Report is the largest compiler of the rich lists globally.

Hurun Report Inc. has four divisions: Hurun Report Media, a stable of digital media and four magazines; Hurun Research Institute; Hurun Conferences, an active events division targeting entrepreneurs and high-net-worth individuals; and Hurun Investments, a USD20m early-stage venture capital fund with investments in tech, media, retail, and education.

Hurun India was launched in 2012 under the leadership of Anas Rahman Junaid, a graduate of the University of Oxford. Junaid met Rupert Hoogewerf, the founder of Hurun Global, through Oxford University. The duo thought it was the right time to speak about wealth creation in India as they saw India booming. Since then, Hurun India has been pursuing to celebrate the stories of India’s transparent wealth creation, innovation, and philanthropy.

The Five core pillars of Hurun India are:

1. Wealth Creation—We celebrate transparent wealth creation by highlighting the success stories of some of the most notable entrepreneurs through Hurun Rich Lists.

1)     Hurun India Rich List ranks individuals with a net worth of INR 1,000 crore+ and has become India's most comprehensive rich list. Over the last decade, the list grew from 100 individuals from 10 cities to 1,300+ richest Indians from 83 cities.

2)     Hurun Leading Wealthy Women List ranks the richest self-made women in India.

3)     Hurun Real Estate Rich List ranks the country’s most successful Real Estate entrepreneurs.  

4)     Hurun India Wealth Report is the most detailed Hurun study on the wealth distribution landscape in India.

2. Value Creation –  Under this pillar, Hurun celebrates the success stories of some of the most respected Indian companies through Hurun India 500 - a ranking of the most valuable non-state-controlled companies and emerging companies and investors that make the future look bright for India through the Hurun India Unicorn Index, Gazelle List, Cheetah List, and Top Investors List.

3. Sustainability and Philanthropy—The Hurun India Philanthropy List, celebrating its 7th anniversary, ranks India’s most generous entrepreneurs. The Hurun India Impact 50 list ranks India’s most sustainable companies based on their alignment with the UN Sustainable Development Goals.

4. Art—In 2019, the Hurun India Art List was launched. It aims to track some of the most successful artists alive today through cumulative auction prices. Through the art list, we endeavour to encourage individuals to collect Indian art.

5. Lifestyle and Luxury -The Hurun Luxury Consumer Survey debuted in 2019 to help understand ultra-high-net-worth individuals' lifestyle and brand preferences and curate a survey to help them explain their spending habits. 

Globally, The Hurun brand registers an estimated 8 billion views, with 50% YoY growth, on the back of lists and research reports.

Hurun India is India’s definitive voice celebrating wealth creation, innovation, and growth. Last year, Hurun further expanded its repertoire by releasing the Hurun Global Rich List 2024, a ranking of 3,381 US dollar billionaires, the so-called ‘Nine-Zero Club’, currently in the world and the thirteen India Rich List, which ranks the 1,539 wealthiest individuals in India, allowing for comparisons between some of the most dynamic economies in the world. The purpose of this list is to try to tell the story of modern India through the eyes of an entrepreneur.

For the full details, please refer to www.hurunindia.com

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