Corporate Donations Soar: BJP Dominates Electoral Trust Funding Post-Bonds Ban

• Electoral trusts became the primary channel for corporate political funding after the electoral bonds ban in Feb 2024.
• Donations via trusts surged over 200% in FY2024-25, reaching ₹3,811 crore from ₹1,218 crore the previous year.
• BJP received the largest share, over ₹3,112 crore (82%) from trusts and over ₹6,000 crore overall.
• Prudent Electoral Trust, largely funded by L&T-linked Elevated Avenue Realty LLP and Megha Engineering, was the biggest donor.
• Tata Group's Progressive Electoral Trust and Mahindra Group's New Democratic Electoral Trust also made significant contributions to BJP and Congress.

Why It Matters: Corporate political funding surged post-bonds ban, with electoral trusts channeling most funds to BJP.