Redefining Wealth with Purpose — Where Legacy Meets Impact
New Delhi, 04 June 2025: In a landmark achievement, that signals a profound shift in India’s philanthropic narrative, M3M Foundation, the philanthropic arm of the M3M Family Office, has emerged as one of the fastest-rising names on the EdelGive Hurun India Philanthropy List 2024. Spearheaded by the dynamic Dr. Payal Kanodia, the Foundation has moved from 61st place in 2022 to 39th in 2024, with clear potential to break into the Top 20 by 2025.
This year’s Hurun India Philanthropy List, the 11th annual ranking of the country’s most generous individuals, features donors who have contributed ₹5 crore or more toward nation-building. Amongst legacy names such as Shiv Nadar, Adani, Ambani, Bajaj, and Birla, the rapid ascent of M3M Foundation represents a bold new chapter in next-generation giving.
Founded just six years ago, M3M Foundation has spent ₹35 crore toward poverty eradication, women empowerment, education, and sustainable livelihoods, making it one of the youngest and most impactful players in Indian philanthropy in the year 2023-2024. At the helm is Dr. Payal Kanodia, Chairperson and Trustee, whose approach blends strategic social investment with deep community empathy—a rare and powerful combination.
“Philanthropy is not just about parting with profits; it’s about co-creating a future where dignity, opportunity, and inclusion are non-negotiable. True wealth lies in how many lives we can uplift meaningfully” says Dr. Kanodia.
M3M Foundation’s work spans a broad spectrum—from the iMpower Programme for migrant children and Kaushal Sambal skill academies, to its POSHAN nutrition initiative, menstrual health drives, and entrepreneurship support for rural women in regions as remote as Nuh (Haryana) and Nubra Valley (Ladakh). At its core, the Foundation is building grassroots resilience with global relevance.
The 2024 list also underscores a shifting ethos—from legacy-driven giving to leadership-driven impact. With India now home to more than 200 billionaires, yet witnessing rising inequality, the onus lies on the country’s wealth aggregators to integrate social and environmental commitments into their core strategy. As highlighted in the report, India’s philanthropy is outpacing even larger economies—China, with nearly twice the billionaires and five times the GDP, recorded only 25 donors giving above ₹100 crore, compared to a far more spirited Indian giving ecosystem.
The inclusion of M3M Foundation in the Top 10 new entrants on the list not only validates its impact but also signals the arrival of a new philanthropic vanguard—driven by purpose, data, and empathy. Positioned in Gurgaon, Haryana, M3M is now counted among the Top 10 business families building a lasting legacy of wealth with purpose in India’s rapidly evolving social economy.
Rooted in the Indian ethos of “Vasudhaiva Kutumbakam”—the world is one family, Dr. Kanodia’s leadership style reflects the confluence of tradition and transformation, devotion and data. Her ability to align the Foundation’s vision with national development goals, including education for all, gender equality, and skill development, has garnered attention far beyond NCR.
As India charts its course toward becoming a developed nation, M3M Foundation is poised to play a pivotal role—not just in giving, but in reshaping how philanthropy is done.
And as the EdelGive Hurun India Philanthropy List continues to shine a light on givers who build silently, yet impact deeply—M3M Foundation stands tall as a symbol of new-age philanthropy that is both scalable and soulful.
