Team News Riveting
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 Financial Year 2019-20 (FY20) and top a list of philanthropy.
Premji outshined HCL Technologies’ Shiv Nadar, who had earlier topped the list collated by Hurun Report India and Edelgive Foundation, by a wide margin. Nadar donated 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.
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, it said.
The raging pandemic had the corporate big wings repurposing their donations to fight the COVID infections, and the top giver on this turned out to be Tata Sons with a Rs 1,500- crore commitment, followed by Premji at Rs 1,125 crore and Ambani’s Rs 510 crore.
A bulk of the corporate commitments seemed to be given to the PM-CARES Fund, with Reliance Industries committing Rs 500 crore, and Aditya Birla Group donating Rs 400 crore, the report said. It can be noted that Tatas’ commitment also includes a Rs 500 crore donation to the newly created fund.
Premji”s generosity pulled the total donations up by 175 per cent to Rs 12,050 crore in FY20, the list said.
