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Mahindra Lifspace Developers Ltd. Sales (2007-2008) = Rs. 170 crores (rounded off) Net profit after tax = Rs. 70 crores (rounded off) CSR Budget = 1% of its profit after tax Karmayog 2008 CSR Rating: 2/5 CSR activities: Going beyond profits to profit the world Defining education, health and environment as the pillars of its social outreach, the Mahindra group set out to redefine corporate social responsibility in On the occasion of its 60th birthday, the Mahindra Group pledged to commit 1% of its profit after tax towards social welfare. When you’re serious about social change, the numbers speak for themselves. The K.C. Mahindra Education trust, established in 1953 has provided more than 13.8 crores (approximately US $3 million) to deserving and needy students. Nanhi Kali, an initiative by the K.C. Mahindra Trust currently supports the education of 32,000 underprivileged girl children. Every year 40 post graduate students study abroad on the scholarships funded by KCMET. Over 600 underprivileged students are awarded the Mahindra Search for Talent Scholarship annually. Over 60 international students come to the For the Mahindra Group, Corporate Social Responsibility (CSR) is not just a duty. It's the unique way we work and live. Launched a unique kind of ESOPs (Employee Social Options) to involve its employees in socially responsible activities Provided free Cochlear implants to 60 profoundly hearing-impaired, socially disadvantaged children Plans to set up two Mahindra Pride Schools to offer a variety of courses, with an emphasis on employability Through its involvement in the Mid Day Meal programme, provides hygienic and nutritious mid-day meals to approximately 25000 - 35000 students studying in classes 1 to 4. Mahindra and Mahindra has successfully installed Environmental Management Systems and received the ISO 14001 certification in August 2002. Our belief in that the environment shouldn't be made to pay for the price of success has won our auto sector the National Energy Conservation Award and our Nashik plant the Excellence in Water Management award. The Company supports sports and art too in a big way. So much so that in the present day All this probably won't help Mahindra post record profits, but then, profit was never the sole spirit behind this US $6 billion conglomerate. (From Annual Report 2007-08, Pg.10) Corporate Social Responsibility (CSR) As a socially responsible citizen, the Mahindra Group has contributed not only to the economic well being of the communities it interacts with, but has also enhanced their social well being. Since its inception, the Mahindra Group has always been engaged in activities, which add value to the community around it. As a part of its commitment to CSR initiatives, your Company, during the year, through Mahindra Foundation — During the year, your Company sponsored participation of children and staff of “Committed Community Development Trust” Shelter for children at the Mumbai Marathon. Your Company conducted health check-up camps for porters at Bandra and Mumbai Central Railway Stations, for workers at Mahindra Royale site at Pimpri, Pune, and for house keeping and security staff at Source: http://www.mahindralifespaces.com/csr.html (CSR) http://www.mahindralifespaces.com/pdf/M%20Lifespace%20full.pdf (Pg.10, Annual Report 2007-08) Contact Information: Mahindra Lifspace Developers Ltd. Road No. 13, Worli Mumbai - 400 018 Phone : 22 - 24929353 / 54 Fax : 22 - 24975084 E-mail : lrc@mahindralifespaces.com Website : http://www.mahindralifespaces.com/ Industry Sector: Construction - Factories / Offices / Commercial Products / Services: Construction - Factories / Offices / Commercial Other locations of factories / offices: Offices in Maharashtra (Pune, Mumbai), Tamilnadu (Chennai), |
