Top 5 Philanthropic Indian Businessmen
Warren Buffett, the billionaire chairman of Berkshire Hathaway and Microsoft head honcho Bill Gates are in India to talk to local billionaires about donating to charity. And against this backdrop came news of GMR Group chairman GM Rao's generous Rs 152.89 crore donation towards education of underprivileged children.
Top Indian CEOs have been known to be extremely generous when it comes to giving to charitable causes. Here are five more Indian businessmen who have recently made similarly generous donations to Indian educational charities.
Dontation: $2bn (
Premji, who is chairman of Wipro and the third richest Indian, donated $2 billion from his estimated $18 billion net worth towards education in India. He donated the chunk to the Azim Pemji Foundation that works towards educating children in rural India. This is by far the biggest act of philanthropy by an Indian.
Donation: Rs 580 crore
HCL founder Shiv Nadar donated the Rs 580 crore that he earned by selling 2.5 per of his stakes in the company towards the Shiv Nadar Foundation in July last year. The money will be used by the Shiv Nadar Foundation to fund educational causes in India.
Donation: $10million (approx Rs 44 crore)
Education seems to be the favourite cause of India's Richie Richs. In November 2010, Anand Mahindra, vice chairman of Mahindra & Mahindra donated $10million to his alma mater, Harvard University. The money was given to Harvard's Humanities Centre for the University's humanities program. The money will be used to promote scholarships, conferences, discussions and workshops.
Donation: Rs 30 crore
Vineet Nayyar, who is MD of IT services company, Tech Mahindra, donated one third of his shares in the company to the Essel Social Welfare Foundation, a Delhi-based organisation in March 2010. The charitable organization, run by his wife Reva Nayyar, is an umbrella organisation to a number of NGOs and supports education of the girl child and the handicapped.
Donation: Rs 220 crore
Here's another Indian who donated to one of the top universities in the world, Harvard University. Ratan Tata, chairman of the multi-billion dollar Tata group, donated Rs 220 crore to the prestigious university in October 2010. The money from the Dorabji Tata Trust and the Tata Education and Development Trust goes towards building new educational and residential buildings in the university's campus in Boston. Ratan Tata took part in the university's advanced management programme and achieved the highest honour- the Alumni Achievement Award for it too.