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This man has been named the most philanthropic Indian for 2016 as he donated Rs 630 crore to various charities

This man has been named the most philanthropic Indian for 2016 as he donated Rs 630 crore to various charities
Smallbusiness1 min read
HCL chairman Shiv Nadar donated Rs 630 crore to various charitable activities and has been named the most philanthropic Indian for 2016.

As per the Hurun Research Institute, Nadar donated Rs 630 crore through the Shiv Nadar Foundation, out of which Rs 458 crore was spent on infrastructure projects--building for additional capacity creation for Shiv Nadar University.

Nadar, 71, was ranked fifth last year and is currently worth Rs 73,000 crore.

Besides, former Infosys chief executive Kris Gopalakrishnan & family, and Reliance Industries chairman Mukesh Ambani were ranked second and third, with contributions of Rs 313 crore and Rs 303 crore respectively.

At 49, Kumar Mangalam Birla was named the youngest philanthropist in the list, who donated Rs 21crore.

Hurun managing director Anas Rahman Junaid said the calculations were done based on fresh contributions made by donors in 2016. "India being a young country will take a few more years before consistent philanthropic donations from entrepreneurs happens. We would have missed some of the major donors. However, based on the information received, 2016 has been a dull year for Indian philanthropy," Junaid said.

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