In today’s world, every person has the opportunity to become famous and rich, using the right skills and circumstances. India is a huge country with enterprising people, so it should not be surprising that the number of billionaires here is only increasing every year. At the same time, the rich not only increase their income by passing on their business by inheritance but also take care of others, which is part of the social tradition. It is worth talking about the example of several billionaires in India at once, who are always ready to lend a helping hand to those in need.
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Charity in India and its features
Studies of how charity works in different countries are regularly published on the Internet. The last major study of this topic was carried out by the Hurun Institute in 2019. The study noted that around Rs 2,310 crore is spent on charity in the country each year, with an average donation of Rs 61 crore. During their research, Hurun studied the philanthropic work of 21 large startup owners and executives of 17 legacy entrepreneurs. The largest number of major philanthropists is located in the following Indian cities:
First on the list of donors is Shiv Nadar, who is worth Rs 1,480 crore. The number of donations reaches 770 crores of rupees, which makes him the undisputed leader in this noble cause. Shiv Nadar managed to create a successful business back in the 70s, when his small company began to produce calculators, and then expanded its product range to microprocessors and other components. Over time, Nadar opened his charitable foundation. First of all, the entrepreneur pays attention to creative charity. It also provides scholarships for the needy and underprivileged.
Ambani inherited his business from his father, who opened his own textile factory in 1966. Over the years, the growth in popularity of products has led the company to discover more and more new directions. Today, Mukesh Ambani’s fortune is estimated at 4820 crore rupees, and charity expenses make up almost 10 of this amount – 437 crores rupees. His wife, Nita, runs his Reliance Foundation and donates to urban renewal, cultural events, and the reconstruction of Kerala after the disaster.
Entrepreneur Ajay Piramal has a capital of Rs 420 crore, which does not prevent him from spending Rs 200 crore for charitable purposes. He is the owner of the conglomerate Piramal Enterprises, which operates in the pharmaceutical and financial industries. Like other well-known donors, he has his own fund, the Piramal Foundation, whose activities are aimed at raising the level of education of the population, as well as rising healthcare standards. Support in charitable activities to her husband is provided by Swati Piramal.