According to the announced finances, the same non -profit entity of billionaire Azim picjji spent £1,528 crore for philanthropy in 2024. That was more than double £699.31 Crore spent Tata Trusts in the same year, according to funds filed by entities.
The expenditures of two Indian philanthropic organizations are at the same level as the expenditure on CSR (social liability) of the largest companies in the country, including LTD Reliance Industries LTD, HDFC Bank LTD and TCS (TCS), according to Amintreview.
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Reliance Industries spent £1 592 Crore on the initiatives of CSR in 2024, followed by TCS and HDFC Bank that spent spent £953 crore and 945.1 crore. They were watched by Ongc (Oil and Naild Gas Corporation) and Tata Steel Ltd that spent spent £634.5 crore and £580 Crore or, respectively, in 2024. Infosys Ltd took sixth place, spending £577 crore.
Certainly, unlike philanthropic entities that are not bound by any regulation in terms of the amounts to be spent, businesses are entrusted to spend some of their profits on the CSR initiatives. According £500 crore or more, turnover £1,000 crore or more, or net profit £5 crore or more must spend at least 2% of the average profit in previous years on CSR activities.
“There was no strange reason to share this message,” said Azim spokesman for Foundation when he asked philanthropic entities sharing their numbers, adding that the funds would be shared “regularly”.
The foundation spent £594 Crore on teachers’ training in government schools in 60 districts, healthcare and living, according to the publication of the Foundation’s website. It also gave it £934 Crore in Grants to NGOs (NGO).
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Dad Trusts Trusts Trusts, Sir Ratan Tata Trusts & Allied Trusts and Sir Dorrabi Tata Trusts & Allied Trusts, spent £575.47 crore and £123.84 crore last year.
“Azim and Tata Trusts are pioneers in the Indian philanthropic world,” said Amitabh Jaipuria, CEO of Accelerate Indian Philanthropy (AIP), network networks established by philanthropist to support their efforts.
Jaipuria said that Foundations like Azim Premjji Foundation and Tata Trusts not only carry out social projects independently, but also provide grants to several local organizations to achieve social results.
Tata Trusts is an umbrella entity of 15 philanthropic organizations owned by 65.9% of the Tata Sons, the main holding company of the Tata Group. The Shapoorji Pallonji family owns 18.38% of Tata Sons, while nine Tata Group owns 12.86%. Seven individuals own the remaining 2.87%.
After becoming the richest entrepreneur of the country at the turn of the century, he set up a premium in 2001 by the Azim Foundation with the Foundation with the initial corpus of $ 125 million worth WiPro shares. Over the past 24 years, he has given 66% of the shares owned by the company in the company according to the publication of the published information of Wipro. He devoted $ 21 billion, ie 92% of his wealth, which is probably the most generous billionaire in the country.
The co -founder and chairman of the Infosys Ltd, Nandan Nilekani, described his “giant figure”.
WiPro shares with the foundation were $ 20 billion at the end of trading on Wednesday. In addition, he has converted ownership of PREMJI INVEST, his family offices with $ 14 billion to asset management, to the foundation.
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Finally, the Foundation also owns 20.29% of Wipro Enterprises LTD shares, privately organized outside IT business AZIM. WiPro Enterprises is the seat of the consumer and engineering of the group of $ 10 billion in 2023. This is reflected in the next $ 2 billion for the Azim Foundation Foundation, which means that its endowment body is about $ 36 billion.
At the end of January 2023, the Foundation was awarded $ 29 billion, according to the publication of Azim University, which has two campuses in Bengalur and Bhopal.
(Tagstotranslate) Tata Consultancy Services (T) Billionaire Azim Premji (T) HDFC Bank Ltd (T) Reliance Industries Ltd (T) Social Responsibility (T) Actims 2013