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The 2024 EdelGive-Hurun India Philanthropy List sheds light on the philanthropic contributions of India's youngest business leaders, revealing a surprising trend. While prominent names like Isha Ambani, her brothers Anant and Akash, Rishaad Premji, and Karan Adani are absent from the list, a new generation of entrepreneurs, particularly those from non-business families, are taking the lead in charitable giving.
Nikhil Kamath, the 38-year-old co-founder of Zerodha, stands out as a prime example. He donated a significant Rs 120 crore to various charitable causes through the Rainmatter Foundation, earning him a spot on the list as one of the top donors in the country. This impressive contribution places him alongside other young philanthropists like Vivek Vakil (35) of Asian Paints and Adar Poonawalla (43) from the Villoo Poonawalla Charitable Foundation.
The list highlights the increasing prominence of younger generations in philanthropic endeavors. While established business families like the Ambanis and Nadars have traditionally been major contributors to charitable organizations, younger entrepreneurs are now actively engaging in giving back to society. Nikhil Kamath's generous donation exemplifies this shift, demonstrating that wealth creation is often accompanied by a strong sense of social responsibility, particularly among young business leaders.