Company: Mahindra & Mahindra Ltd
Income 2005-2006 =Rs 7000 crores (rounded off)
Net profit before tax (05-06)= Rs 500 crores (rounded off)
Karmayog CSR Rating :3/5
CSR Activities:
In 2005, the Group celebrated its 60th anniversary by renewing its commitment to Corporate Social Responsibility. It pledged to dedicate 1% of its profit (after tax), on a continuous basis towards Corporate Social Responsibility. A unique kind of ESOPs - Employee Social Options was launched to enable Mahindra employees to involve themselves in socially responsible activities of their choice. The Group also announced a special gift: to provide free cochlear implants to 60 profoundly hearing-impaired, under-privileged children.In addition to giving impetus to the Nanhi Kali project for the girl child and the Mahindra All India Talent Scholarship for the economically disadvantaged, the Mahindra Group is planning to set up two Mahindra Pride Schools. These schools will offer a variety of courses, with an emphasis on employability, including training for Information Technology, Retail, Automotive Engineering etc. They will provide new skills and capabilities to the weaker sections of society, particularly the scheduled castes and scheduled tribe youth. While these projects are already underway, plans for more social initiatives are on the anvil.
Income 2005-2006 =Rs 7000 crores (rounded off)
Net profit before tax (05-06)= Rs 500 crores (rounded off)
Karmayog CSR Rating :3/5
CSR Activities:
In 2005, the Group celebrated its 60th anniversary by renewing its commitment to Corporate Social Responsibility. It pledged to dedicate 1% of its profit (after tax), on a continuous basis towards Corporate Social Responsibility. A unique kind of ESOPs - Employee Social Options was launched to enable Mahindra employees to involve themselves in socially responsible activities of their choice. The Group also announced a special gift: to provide free cochlear implants to 60 profoundly hearing-impaired, under-privileged children.In addition to giving impetus to the Nanhi Kali project for the girl child and the Mahindra All India Talent Scholarship for the economically disadvantaged, the Mahindra Group is planning to set up two Mahindra Pride Schools. These schools will offer a variety of courses, with an emphasis on employability, including training for Information Technology, Retail, Automotive Engineering etc. They will provide new skills and capabilities to the weaker sections of society, particularly the scheduled castes and scheduled tribe youth. While these projects are already underway, plans for more social initiatives are on the anvil.
K. C. Mahindra Education Trust
Established by the late Mr. K. C. Mahindra in 1953, the K. C. Mahindra Education Trust aims to 'Transform the lives of people in India
So far, group has reached more than 75,000 beneficiaries through grants, scholarships, and loans. In FY 2009-10 alone
- 4,772 Mahindra All India Talent Scholars pursued vocational diploma courses at Government polytechnic colleges.
- 914 deserving students pursued graduate studies overseas with the K.C. Mahindra Scholarship for Post Graduate Studies Abroad.
- 3,467 top scoring students received Mahindra Search for Talent scholarships.
- 17,000 underprivileged girl children went to school with Project Nanhi Kali.
- 1,720 disadvantaged youth graduated from Mahindra Pride Schools with employable skills and good jobs.
The K.C. Mahindra Education Trust is a registered public Charitable Trust under the Bombay Trusts Act, 1950, and the Mahindra Group is the main donor to its investment portfolio.
(Cont...)