Wipro's Azim Premji donated Rs. 7,904 crore in 2020. That's roughly Rs. 22 crore a day...phew!
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00:00And I just see wealth as a trustee ship, and therefore I use that wealth as a trustee ship to do philanthropy.
00:08And philanthropy gives one extraordinary joy, and it has lasting values.
00:15And I can see it in my lifetime.
00:17We go back to our constitution. It's very simple.
00:20We hope to contribute to building an equitable, humane, and sustainable society.
00:26Most important, be true to your purpose.
00:29And do it with commitment, do it with honesty, and do it with transparency.
00:34And I just see wealth as a trustee ship, and therefore I use that wealth as a trustee ship to do philanthropy.
01:00And philanthropy gives one extraordinary joy, and it has lasting values.
01:07And I can see it in my lifetime.
01:13Well, I think the major issue was the influence of my mother.
01:17She was a medical doctor, but she never practiced medicine.
01:21At the age of 27, she founded the Children's Orthopedic Hospital.
01:25At that point of time, we were not wealthy enough to finance the hospital.
01:30She had to take government loans from wealthy donations, and it took an enormous amount of work.
01:38But she built a world-class hospital, which was a unique one in the whole of Southeast Asia.
01:43I think, if anything, that was my main motivation.
01:46Second was the influence of Gandhi. How much wealth can one consume?
02:00You know, we go back to our constitution. It's very simple.
02:03We hope to contribute to building an equitable, humane, and sustainable society.
02:09That's really our mission, is what we're trying to do in financing through EPPI.
02:15And we have chosen three major areas where we are focusing our funds to have an impact.
02:22And so far, I think we have done quite well.
02:30I think that two simple tests is something very wrong being done, where we can correct it.
02:36Through funding, through NGOs, through our intervention.
02:41Second is, is it a cause which is really worth it?
02:44Does it bring tears to your eyes in terms of, you know, how much we have invested?
02:50Through funding, through NGOs, through our intervention.
02:53Second is, is it a cause which is really worth it?
02:56Does it bring tears to your eyes in terms of what is really happening to people who are less advantaged or more disadvantaged in our society?
03:05Two fundamental criteria.
03:12Most important, be true to your purpose.
03:14And do it with commitment, do it with honesty, and do it with transparency.
03:19The NGO must have the ambition to scale.
03:22It's very important that who we fund is able to do more going forward.