“Zerodha’s Nikhil Kamath Named Youngest Donor on Hurun India Philanthropy List for ₹120 Crore Donation”
Nikhil Kamath, the co-founder of Zerodha, has earned a spot as the youngest philanthropist on the prestigious EdelGive-Hurun India Philanthropy List 2024. With a remarkable contribution of ₹120 crore through his Rainmatter Foundation, Kamath, alongside his brother Nitin Kamath, secured the 15th position on the list of individuals who donated over ₹100 crore. This achievement places them among the elite ranks of industry magnates such as Gautam Adani and Shiv Nadar.
Nikhil Kamath, the co-founder of Zerodha, has earned a spot as the youngest philanthropist on the prestigious EdelGive-Hurun India Philanthropy List 2024. With a remarkable contribution of ₹120 crore through his Rainmatter Foundation, Kamath, alongside his brother Nitin Kamath, secured the 15th position on the list of individuals who donated over ₹100 crore. This achievement places them among the elite ranks of industry magnates such as Gautam Adani and Shiv Nadar.
The Kamath brothers’ philanthropic efforts have garnered significant attention, with Nikhil Kamath being lauded for his generosity. The rise in charitable donations over the past two years is notable, with the total contributions from 203 philanthropists reaching ₹8,783 crore—a 55 percent increase. Education emerged as the most significant cause for 123 philanthropists, who together donated ₹3,680 crore. Notably, Shiv Nadar & Family contributed a dominant ₹1,936 crore to the education sector.
The Kamaths also stand out in the environment and sustainability category, having donated ₹42 crore to this cause, further cementing their position as key contributors to social and environmental welfare.
The 2024 list reveals an encouraging trend in Indian philanthropy, with a tenfold increase in the number of philanthropists donating over ₹100 crore annually, bringing the total to 18. Additionally, the number of individuals donating over ₹50 crore has increased by 125 percent, with 30 philanthropists now meeting this benchmark. Moreover, 61 philanthropists donated more than ₹20 crore, a 128 percent rise from five years ago.
Mumbai continues to lead as the hub of philanthropic activity, accounting for 30 percent of the list, followed by New Delhi at 19 percent and Bengaluru at 9 percent.
This year also saw a surge in self-made philanthropists, with 109 new individuals entering the list—a 43 percent increase from the previous year.
In addition to his philanthropic initiatives, Nikhil Kamath is making strides in the investment world. Recently, he reached out to innovators in the nuclear power sector through a LinkedIn post, signaling his interest in advancing new technologies and further expanding his entrepreneurial footprint.
Kamath’s growing influence in both the philanthropic and investment spheres reflects his commitment to creating positive change, inspiring a new generation of philanthropists and entrepreneurs in India.
Sources By Agencies
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