India, a country where poverty is prevalent and is as clear as the daylight. The gulf in class between the rich and the poor is so vast that a number of projects laid down by the Government have not been able to get the poor back on their feet, especially after the economy has taken a huge hit due to the Coronavirus pandemic. The situation being this, quite a few business families in India have reached out to the poor and have poured in donations to stabilising the economic condition.
As we know, there are quite a few business families in India whose earnings are in crores and they have been doing a lot for the welfare of the underprivileged so as to help them get a better living. In the following lines, we will have a look at these business families who have been involved in this philanthropic venture over the years.
With a net worth of $64.5 billion, Mukesh Ambani is currently the richest Indian billionaire. However, it is not only about the money that he earns but also about the generous contribution he has been making in various sectors as a part of the philanthropy followed by the current breed of Indian businessmen. The Reliance Foundation, which is headed by his wife Nita Ambani, is the pinnacle of most of the philanthropic work done by the Ambani family and as per sources, the contribution to social causes by the Ambanis amounts to a whopping 437 crores in Indian rupees.
The co-founder and now the chairman of HCL is also the receiver of the prestigious Padma Bhushan award. He has done a lot of philanthropic work as well via his Shiv Nadar Foundation that pursues creative philanthropy. With a total worth of Rs 1480 crore, his foundation has done a contribution to social causes that is worth Rs 770 crore.
He the head of the Piramal industries, with a net worth of Rs 420 crore. He and his family also head the Piramal Foundation, which has contributed Rs 200 crore to social causes over the years.
One of the biggest names among the business tycoons in India, Azim Premji, famously known as the founder of Wipro, has a net worth of Rs 480 crore. The Azim Premji Foundation, which is mostly focussed on the betterment of education in the country, has done a total of Rs 113 crores of contribution towards various social causes.
The founder of the famous Godrej brand, Adi Godrej reportedly has a total worth of Rs 260 crore. 25% of the share of his group goes towards a number of non-profit foundations such as Pirojsha Godrej Foundation, the Soonabai Pirojsha Godrej Foundation, and the Godrej Memorial Trust for the betterment of the underprivileged.
One of the biggest names in the sphere of Indian business tycoons with a worth of Rs 1040 crore, Gautam Adani has the Adani Foundation headed by him, which supports as many as 300 Government schools, thus imparting education to 100000 students over the years.
Yusuff Ali MA
His net worth is estimated at Rs 370 crore. The Padma Shree awardee has been one of the biggest contributors towards the development of the underprivileged people in India, with the total contribution being Rs 70 crore in total.
The Dholakia Foundation, which is headed by this philanthropic entrepreneur, has contributed Rs 40 crore for social good while his net worth is standing at Rs 380 crore.
Shapoor Pallonji Mistry and Cyrus Pallonji Mistry
They have a total worth of Rs 960 crore each and have contributed Rs 36 crore each for the development of the poor and underprivileged people in India.