HCL's Nadar tops givers list, Mukesh Ambani comes third

October 14, 2019 17:17

Reliance Industries chairman Mukesh Ambani, the richest Indian, comes third among philanthropists, in a list that is led by Shiv Nadar of the technology company HCL. Azim Premji, who created headlines by announcing a USD 21 billion commitment to charity, is second in the Edelgive Hurun India Philanthropy List 2019. Corporate families had championing social causes for long, but the Companies Act 2013 made it mandatory for entities above a certain threshold to devote 2 percent of their profit to CSR. The list includes data from company disclosures and also interviews. Nadar and his family donated Rs 826 crore, while Premji gave Rs 453 crore and Ambani parted with Rs 402 crore, according to the list.

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