Lupin Ltd.

Sales (2007-2008) = Rs. 2600 crores (rounded off)

Net profit after tax = Rs. 440 crores (rounded off)

CSR Budget: Not available

Karmayog 2008 CSR Rating:  2/5

CSR activities:

As a socially responsible organization, we strive to take care of the less privileged sections of our society. We extend our expertise to transform the lives of our people and make a difference to the society.

Lupin is committed to the challenging task of becoming a proactive partner in nation building through the Lupin Human Welfare & Research Foundation (LHWRF).

Lupin Human Welfare & Research Foundation was set up on October 2, 1998 with the objective of providing an alternative model of rural development in the country, which is sustainable, replicable and ever evolving.

Initiating the program of Rural Development within a small number of 35 villages, LHWRF has now succeeded in revitalizing, revamping and recreating life in 2,200 villages in Rajasthan, Madhya Pradesh, Maharashtra and Uttarakhand States of India, which has led to LHWRF emerging as one of the largest NGOs in the country. The Foundation has been successful in making a big difference in the development of poverty-ridden villages, and especially in the life of the poorest of the poor and empowerment of large number of women in these areas.

Today LHWRF on its part is a catalyst, and an observer of a self-evolving, self-sustaining spectacular transformation.

Background
Lupin Human Welfare & Research Foundation is an independent entity of Lupin implementing Lupin CSR activities all over India. This organization has been registered under Societies act/ trust acts and exempted under 35 AC and 80 G. LHWRF is also entitled to take foreign funding through its FCRA account. LHWRF has staff of 65 permanent employees along with the 700 project based employees. CSR staff of LHWRF is engaged fully & singularly for CSR activities.

Objectives

Social

·   To develop proper social, cultural, scientific and spiritual attitudes amidst the rural community.

·   To instill in villagers, especially women, children, youth and older people an urge, and keenness to work for their own development.

·   To develop an attitude towards living a healthy life and taking concrete steps in that direction.

Economic

·   To help create more job opportunities particularly for unemployed youth and women.

·   To strengthen primary occupations like agriculture and animal husbandry through higher output and value addition.

·   To strengthen secondary occupations such as cottage industry, handicrafts and service sector through quality enhancement and wider market acceptability.

Infrastructure

·   To create basic infrastructure facilities for the community such as;

·   Provision for drinking water

·   Building internal roads

·   Basic Sanitation

·   Formal Education

·   Community centers

·   Electrification

·   Training cum production centers etc.

Scale Up Strategy
The Company believes that to have visible impact of its CSR operations scalability is important. Therefore, company closely works with Central or State Government departments as well as with international organizations to achieve its objectives. The convergence and collaborations are the integral part of its strategy.

Funding

The investments made in the CSR activity are mobilized from the company and from Central and State Governments. The monitoring is being carried out by the resource giving agencies. The resources which are mobilized from Central and State Government are being audited by the respective government departments.

The company has also carried out its social audit from the external organization like Deloitte & Touche, for all the resources deployed from State or Central Government departments & the Company.

Initiatives

Lupin HWRF has taken following innovative and new initiatives under its CSR activities:

·   Building local level institutions - LGVP

·   Convergence for scalability

·   Identification of potential areas for futuristic development

·   Conversion of problems into potentials

Institution Building: Lupin Gram Vikas Panchayat
To implement & execute the activities at village level, local level institution in the name of Lupin Gram Vikas Panchayat (LGVP) (Village Development Committee) have been formed. LGVP consists of representatives from different village communities, who are dedicated to the cause of service and village development. Impact: The World Bank has replicated our model under the program of District Poverty Initiative Program (DPIP) by forming Common Interest Groups of the pattern of the LGVP.

Civil & Infrastructure Work
The contribution in the form of man, material and cash is must for any developmental work. Villagers were motivated to contribute certain percentage of estimated cost of the work, rest of the money come from Lupin and Government. This work of infrastructure was executed by the committee of villagers namely LGVP. Their contribution and execution of work by them gave a sense of ownership to the developmental activities.
Impact: Government has announced a policy intervention in the name of Apna Gaon Apna Kam. Lupin’s pattern of working with community’s contribution has impressed the State Government to announce policy intervention which became applicable to the entire state of Rajasthan i.e. 38,000 villages.

Impact of Lupin programs
Economic upgradation of BPL families:
55,708 families economically upgraded through agriculture, animal husbandry & rural industry activities of organizations operational area.

Reduction of poverty in district:
Lupin Foundation has selected entire Bharatpur district for holistic Rural Development. In 1988 when we started our program the incidence of poverty was 34%. The multifaceted activities of economic and social development were under taken in close collaboration with District and State Government departments. At present, the incidence of poverty is around 12%. We hope to bring it down to nearly 6% by 2015.

Reach

LHWRF has now succeeded in revitalizing, revamping and recreating life in 2200 villages in Rajasthan, Madhya Pradesh, Maharashtra and Uttarakhand States of India.

Source: www.lupinworld.com/socialinitiatives.htm

Contact Information:

Lupin Ltd.

159 CST Road

Kalina, Santacruz (E)

Mumbai 400 098

Maharashtra, India

Phone             : 22 - 6640 2323

Fax                 : 22 - 6640 2051

E-mail             : corporateoffice@lupinworld.com , corporatecommunications@lupinworld.com

Website          : http://www.lupinworld.com/

Industry Sector: Pharmaceuticals - Indian - Bulk Drugs

Products / Services: Pharmaceuticals - Indian - Bulk Drugs

Other locations of factories / offices: 

Corporate Office – Mumbai (Bandra)

Previous year’s CSR activities & rating:

www.karmayog.org/csr500companies/csr500companies_8323.htm