While financial commitments by Indian companies towards philanthropy may be nowhere near that of Warren Buffet or Bill Gates, they are in their own way trying to bring about change in the lives of those less fortunate. The Infosys Foundation, Azim Premj Foundation and Biocon Foundation are among those whose well-heeled founders are setting aside resources to bring about that change.
The Azim Premji Foundation, for instance, is understood to be managing a fund of close to $1 billion from Wipro chairman Azim Premji and has been channelling this into healthcare and education.
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