Fri. Mar 14th, 2025

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In the electoral bonds data released yesterday, the only identifier on the donor side is the name of the company or individual. In order to find out more about donor companies, we did an exact name match with the database of the Ministry of Corporate Affairs (MCA), fetched their unique ID, and looked into basic data available from MCA on them. These are some of the findings.

The Election Commission of India office in New Delhi. (Reuters File Photo)
The Election Commission of India office in New Delhi. (Reuters File Photo)

Who are the biggest donors?

In the data released, there are 1,260 companies and individuals that purchased electoral bonds worth 12,769 crore. The top 20, all companies, accounted for 5,945 crore—or nearly half of the total amount donated through electoral bonds.

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Who are the biggest donors?
Who are the biggest donors?

Who are the biggest individual donors?

Ms SN Mohanty is the biggest individual donor in the list with total donations of 45 crore. She is followed by Lakshmi Niwas Mitttal who donated 35 crore. Here is the list of top ten individual donors.

Who are the biggest individual donors?
Who are the biggest individual donors?

Companies with minimum mandated capital

For about 500 companies, we were able to get an exact name match with the MCA database. Of these, there were 43 companies whose subscribed capital was the minimum mandated 1 lakh. These are the top 10 by bonds purchased.

Companies with minimum mandated capital
Companies with minimum mandated capital

Newly incorporated companies

For about 500 companies, we were able to get an exact name match with the MCA database. Of these, there were 28 companies that were set up on or after April 12, 2019, when the first electoral bond was purchased. These are the top 10 purchasers of electoral bonds among them.

Newly incorporated companies
Newly incorporated companies

Bonds purchased versus net profits

Of the top 20 purchasers of electoral bonds, we were able to get financials for 13 companies. This is what their bond purchases look like in proportion to their net profits.

Bonds purchased versus net profits
Bonds purchased versus net profits

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