Azim Premji makes most generous donation in Indian history, guess how much is it

His foundation works directly in education and supports over 150 other non-profits serving under-privileged and marginalized Indians through multi-year financial grants.

Azim Premji, the billionaire chairman of Indian conglomerate Wipro Ltd., will give a further 34 percent of shares in the company worth $7.5 billion to support philanthropic activities, the most generous donation in Indian history.

The shares held by entities controlled by Premji have been irrevocably renounced and earmarked to the Azim Premji Foundation, the foundation said in a statement on Wednesday.

“With this action, the total value of the philanthropic endowment corpus contributed by Mr. Premji is $21 billion, which includes 67% of economic ownership of Wipro.”

His foundation works directly in education and supports over 150 other non-profits serving under-privileged and marginalized Indians through multi-year financial grants. The foundation set up the Azim Premji University to develop professionals in education and related human development domains, offer degree and education programs, and conduct research.

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