HYDERABAD: Telugu bidda Dr Krishna Chivukula’s Rs 228 crore donation to IIT Madras earlier this year, said to the premier institution’s largest ever, catapulted him to the top 10 on the EdelGive-Hurun India Philanthropy List 2024.
But the IITM alumnus and Indo-MIM Technology founder, Chivukula, who hails from Andhra Pradesh, is not the only one to make his debut from the Telugu states this year.
Megha Engineering & Infrastructures Ltd managing director PV Krishna Reddy and his uncle and MEIL group founder P Pitchi Reddy also marked their debut on India’s most generous business barons list, putting Hyderabad at the fourth spot in the country housing 13 of India’s 203 most generous philanthropists.
MEIL MD among Hyd’s most generous with Rs 33 crore donation
In fact, PV Krishna Reddy of MEIL leads the pack of Hyderabad’s most generous with a donation of 33 crore, followed closely by his uncle with a donation of 32 crore. The nephew-uncle duo, who feature at the 40th and 41st spots on the national philanthropy list this year, also made the cut on the list of the top 10 new entrants with their donations for poverty eradication.
MEIL was also in the news earlier this year for emerging as the second highest electoral bonds donor in the country thanks to donations to the tune of 1,232 crore between April 2019 and Nov 2023, directly and through associated companies.
Third most generous to feature on this list from the ‘City of Nizams’ is My Home Industries founder Jupally Rameswar Rao with 18 crore, which fetched him the 62nd spot nationally ahead of Telangana’s richest man and Divi’s Laboratories founder Murali Divi, who is fourth most generous from Hyderabad and 69th in India with a 17 crore donation.
One of India’s richest MPs and Hetero Labs promoter B Parthasaradhi Reddy has been ranked fifth (113 all-India) thanks to his donation of 10 crore with realty major Aparna Constructions and Estates’ C Venkateswara Reddy and S Subramanyam Reddy at the sixth spot (135 and 138 in India) with donations of 8 crore each. Dr Reddy’s Labs promoters GV Prasad and K Satish Reddy stood seventh position (142 and 145) with 7 crore each.
Biological E managing director Mahima Datla, the only woman from the twin Telugu states to feature on the list, stood eighth (165 all-India) along with Dendi Ram Reddy of Sneha Farms (176th) with 6 crore donations each.
Bringing up the rear from Hyderabad are pharma barons again with Laurus Labs’ Satyanarayana Chava and Granules India’s Krishnaprasand Chigurupati & family at the ninth spot (188th and 193rd) with donations of 5 crore each. Aurobindo Pharma promoter PV Ramprasad Reddy also featured on the list (78th) with 15 crore, but showed New Jersey as city of residence.
Interestingly, only three from Andhra Pradesh made the cut, including Vijayawada-based Goldmedal Electricals’ Jugraj Jain & Praveen Jain at 172nd spot with 6 crore followed by P Brahmanandam & family (196th) of Visakhapatnam-based Devi Sea Foods and Nellore-based GRN Constructions’ Ganta Ramanaiah Naidu & family (198th) with 5 crore donation each.
