Transfer of Franchisee Division of Mahindra Retail Private Limited, A Subsidiary of The Company On A Slump Sale Basis To Brainbees Solutions Private Limited (Company Update)
Activities. Answer- There are many companies which follows CSR activities in the previous years. From these companies one of them are MAHINDRA AND MAHINDRA company. Let’s talk about this company. No other Indian corporate comes close to Mahindra and Mahindra when it come to leading the charge for climate change action and sustainable business practices. The company spent INR 93.50 crores on CSR activities during the financial year 2018-19. Sustainability runs through the ethos here. This commitment stems from the leadership at the top- head honcho Anand Mahindra is passionate about leading by example. Under his guidance, the conglomerate has set international benchmarks for corporate success and sustainability. Mr. Mahindra initiated Project Nanhi Kali in 1996 which went on to become the biggest CSR programme in India for educating the girl child. Not only does the project provide free education to girls from low- income backgrounds in rural and urban areas, it also empowers their families. The group works closely with non profits like Nandi Foundation, which feeds over 1.3 million government school children every day. Nandi also works with small holder farmers on farming practices that are more environment friendly. The Mahindra group is a pioneer in the tractor and utility vehicles space. They are a US $17.8 billion worldwide organization. Celebrated for their tough and solid sutos, the Mahindra group today stands as a diversified conglomerate with many businesses in various sectors. Mahindra focuses it corporate social responsibility(CSR) initiatives to drive positive and sustainable change in building resilient communities. Mahindra and Mahindra Limited has been diligent in its CSR spending. Since the FY 2014-15, when the companies were mandated to spend to percent of their net profits on CSR , Mahindra and Mahindra has been spending the prescribed amount for CSR without fail. In FY 2019-20, the company exceeded its CSR spending to 126.6 crores from its prescribed amount of 106.56 crores. Below is the graph that highlights the CSR spending of Mahindra and Mahindra Ltd. Of the last five years.
AREAS OF FOCUS OF THE TECH MAHINDRA
FOUNDATION VOLUNTEERING- Corporate volunteering is at the core of Tech Mahindra Foundation’s ethos. Representatives volunteer in different projects and add to driving positive change by taking part in exercises, for example, blood gift, tree ranch, bikes rallies, etc, alongside directing instructional meetings and activation drives for SMART understudies.
HELPING THE DIFFERENTLY- ABLE- Tech Mahindra
Foundation has faith in peaceful co- existence in a society where all people with physical disabilities operate at their maximum capacity.
PROVIDING TRAINING- Tech Mahindra Foundation’s
general objectives is Empowerment through Education. The Foundation works with Government Primary Schools by supporting activities that lead to providing opportunities to the students. Mahindra and Mahindra company also raise funds in the COVID-19. It will be covering the COVID-19 expenses of all of its dealership employees numbering around 80,000 while also providing one year medical insurance of Rs 1 lakh for treatment. In case of the demise of a dealership employee due to the pandemic, a sum of Rs 5 lakh will be provided to the family of the decreased with the company and its dealer contributing an equal sum of Rs 2.5 lakh each. Besides, Mahindra and Mahindra said it will also “provide one year of medical insurance of Rs 1 lakh for COVID19 treatment for the dealer employees. This would include home quarantine assistance up to Rs 10000 “ and it will be a one- time expense for the next year. CONSLUSION- At last I would like to say that Mahindra and Mahindra company is best among all the companies to following CSR activities. It was provide basic facilities to the needy people. And it was also raise funds in the COVID times also.
Transfer of Franchisee Division of Mahindra Retail Private Limited, A Subsidiary of The Company On A Slump Sale Basis To Brainbees Solutions Private Limited (Company Update)