The donation will be used for charitable activities related to healthcare, education, and skill development. Gautam Adani is estimated to be worth about $ 91.7 billion, adding more wealth in the recent past than any other billionaire in the world.
The amount of Rs 60,000 crore towards CSR activity is higher than the amount generally spent on CSR activities. According to law, a company must spend 2 per cent of its total profit on CSR initiatives, which is done through the Adani Foundation for the Adani Group.
Gautam Adani, Chairman of Adani Group, announced, “This contribution from the Adani Family intends to draw upon some of the brightest minds that have a passion for making a difference in the Adani Foundation’s journey to do more towards fulfilling our ‘Growth with Goodness’ philosophy.”
Gautam Adani and his family’s commitment to philanthropy is an example for all. Chairman of Azim Premji Foundation and founder-chairman of Wipro Limited, a great philanthropist, has commented on the announcement as being laudable.
