Philanthropists from the technology industry have not just been at the forefront of using their money for impact, but have also often backed underfunded, 'risky' causes with patient capital
Kris Gopalakrishnan, co-founder of Infosys, calls the IT services companies the “first generation of startups who have succeeded and have created a large, some $230 billion industry”.
He puts companies like Wipro, TCS, HCL and Infosys in the first generation; Cognizant, Mindtree in the second; Happiest Minds in the third generation, which includes Flipkart and the other internet startups that came after 2008. According to him, the first generation is also leading the way in setting an example when it comes to philanthropy.
(This story appears in the 09 February, 2024 issue of Forbes India. To visit our Archives, click here.)