Chairman of Wipro Technologies
Giving : Rs. 8,846 crore ( USD 2 Billion )
Area : Education
Organization : Azim Premji Foundation
Azim Premji, Chairman of IT giant, Wipro and India’s third richest man has transferred about 8.6% stake worth over Rs. 8,846 crore to a private trust - Azim Premji Trustee Co Pvt Ltd - controlled by him. The trust will use the fund to take up educational initiatives presently being carried out under the aegis of the Azim Premji Foundation. The money will also be spent on setting up the Azim Premji University in Bangalore. The Azim Premji Foundation, founded in 2001, presently undertakes several philanthropic activities, funded directly by the Wipro chairman.
Premji had this to say about his gesture, “We believe that good education is crucial to building a just, equitable, humane and sustainable society. We want to contribute significantly towards improvement of education in India, and through that towards building a better society. All our efforts, including the University that we are setting up, are focused on the underprivileged and disadvantaged sections of our society. Our experience of the past 10 years has motivated us to significantly scale up our initiatives, across multiple relevant dimensions.”
CEO, JP Morgan India
Giving : Rs. 1.5 crore
Organization : Bharti Foundation
CEO of JP Morgan India, Ms Kalpana Morparia donated Rs 1.5 crore to Bharti Foundation. A month ago she visited the Bharti Foundation and went out on a field trip. She was bowled over by the model and wrote out a cheque for Rs 1.5 crore. Her money, not JP Morgan's! It's a wonderful augury for philanthropy in India by an individual. Bharti Foundation is the philanthropic arm of Bharti Enterprises was established in 2000 with a vision "To help underprivileged children and young people of our country realize their potential".
After spending more than 30 years with ICICI Bank, Kalpana Morparia moved to JP Morgan India around two years back.