rediff.com

NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News 
Rediff.com  » Business » 5 Indians in Forbes Asia's Heroes of Philanthropy list

5 Indians in Forbes Asia's Heroes of Philanthropy list

Last updated on: July 12, 2016 15:53 IST

The Sampark Foundation boasts of a $100 million outlay funded entirely by the Nayars and represents more than half of their wealth.

IMAGE: Vineet Nayar, one of India’s best philanthropists with former US president Bill Clinton. Photograph kind courtesy: Vineet Nayar's website
 
 

Five Indians have made it to the Forbes Asia's annual Heroes of Philanthropy list that highlights some of the region's noteworthy givers.

The list, which included 40 philanthropists from 13 countries in the Asia-Pacific region, includes Vineet and Anupama Nayar, founders of the Sampark Foundation; Adar Poonawalla, CEO of Serum Institute of India and Pune-based billionaire Cyrus Poonawallas son; Bain India CEO Amit Chandra and his wife Archana Chandra, CEO of Jai Vakeel Foundation.

IMAGE: Sampark Foundation boasts of a $100 million outlay funded entirely by the Nayars. Photograph kind courtesy: Sampark Foundation
 
 

The Sampark Foundation boasts of a $100 million outlay funded entirely by the Nayars and represents more than half of their wealth.

It is rolling out kits with child-friendly teaching aids to 50,000 government schools and 3 million students across Uttarakhand and Chhattisgarh.

IMAGE: Cyrus S. Poonawalla (left) and Adar C. Poonawalla (right) with Bill Gates, co-founder of the Bill & Melinda Gates Foundation. Photograph kind courtesy: Serum Institute
 
 

Another notable philanthropist is Adar Poonawalla, CEO of Serum Institute of India, who pledged $15 million last year to clean up Pune city with a fleet of 50 garbage trucks and a crew of 70 people.

Amit Chandra, CEO of Bain India, and Archana Chandra, CEO of Jai Vakeel Foundation, are the other two philanthropists from India.

IMAGE: Amit Chandra and and Archana Chandra (right) among top philanthropists. Photograph kind courtesy: Serum Institute
 
 

The husband and wife donate 75 per cent of their earnings each year to causes ranging from education to healthcare.

Amit was one of the founding donors to Ashoka University and has funded an upcoming children's hospital in Mumbai that will be the country's largest.

IMAGE: Amit was one of the founding donors to Ashoka University
 
 

The other notable philanthropist is China's Pony Ma, Chairman and CEO of Tencent Holdings, who pledged 100 million shares of his Internet service provider – worth $2.3 billion – to the Tencent Foundation, which supports healthcare, environment protection and new technology.

Taiwanese mogul Terry Gou, Chairman and CEO of Hon Hai Precision, donated $6 million in disaster relief after a devastating earthquake struck southern Taiwan in February and claimed 115 lives.

He also pledged in 2013 to give away 90 per cent of his wealth, which now totals $6 billion.

"The list not only features philanthropists who have made news with their donations in the past year, but recognises people who have compiled a long record of supporting worthy causes," Forbes Asia said. 

© Copyright 2017 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.