TABLE OF CONTENT

SR NO TOPIC PG NO

1 Executive summary 1
2 Introduction of the topic 3
2.1 social projects 3
2.2 Infosys CSR spends 4
2.3 Infosys Foundation – The CSR arms of Infosys 4
2.4 Avanti fellow partnership – The problem that STEMs from inequality 7
2.5 Agastya international foundation partnership – Getting teachers future ready 8
2.6 Infosys science foundation 9
2.7 Sustainable projects 10
3 Industry overview 11
3.1 Indian IT revenue 15
3.2 Major information technology hubs 15
4 Company overview 17
4.1 Infosys 17
4.2 History 17
4.3 Products and services 18
4.4 Geographical presences 18
4.5 Acquisition 19
4.6 Listing and shareholding pattern 20
4.7 Operations 21
5 Project detail 22
5.1 Objectives 22
5.2 focus areas and implementation 22
5.3 Modes of implementation 23
5.4 Undertaking CSR activities 24
5.5 Methodology 26
5.6 Sources of data and data collection instrument 27
6 Data analysis and dada interpretation 28
7 Recommendation and finding 29
8 Key learning 30
9 Conclusion 31
10 Bibliography 32
11 List of abbreviation 33
12 Synopsis 34
 1. EXECUTIVE SUMMARY

CORPORATE SOCIAL RESPONSIBILITY (CSR) in India has traditionally been seen as

a philanthropic activity. And in keeping with the Indian tradition, it was an activity that was
performed but not deliberated. As a result, there is limited documentation on specific
activities related to this concept. However, what was clearly evident that much of this had a
national character encapsulated within it, whether it was endowing institutions to actively
participating in India’s freedom movement, and embedded in the idea of trusteeship.

As some observers have pointed out, the practice of CSR in India still remains within the
philanthropic space, but has moved from institutional building (educational, research and
cultural) to community development through various projects. Also, with global influences
and with communities becoming more active and demanding, there appears to be a
discernible trend, that while CSR remains largely restricted to community development, it is
getting more strategic in nature (that is, getting linked with business) than philanthropic, and
a large number of companies are reporting the activities they are undertaking in this space in
their official websites, annual reports, sustainability reports and even publishing CSR reports.
The Companies Act, 2013 has introduced the idea of CSR to the forefront and through its
disclose-or-explain mandate, is promoting greater transparency and disclosure. Schedule VII
of the Act, which lists out the CSR activities, suggests communities be the focal point.

On the other hand, by discussing a company’s relationship to its stakeholders and integrating
CSR into its core operations, the draft rules suggest that CSR needs to go beyond
communities and beyond the concept of philanthropy. It will be interesting to observe the
ways in which this will translate into action at the ground level, and how the understanding of
CSR is set to undergo a change.
Benefits of a robust CSR programs

As the business environment gets increasingly complex and stakeholders become vocal about
their expectations, good CSR practices can only bring in greater benefits, some of which are
as follows

Communities provide the license to operate:

Apart from internal drivers such as values and ethos, some of the key
stakeholders that influence corporate behavior include governments (through laws and
regulations), investors and customers. In India, a fourth and increasingly important
stakeholder is the community, and many companies have started realizing that the ‘license to
operate’ is no longer given by governments alone, but communities that are impacted by a
company’s business operations. Thus, a robust CSR program that meets the aspirations of
these communities not only provides them with the license to operate, but also to maintain the
license, thereby precluding the ‘trust deficit’

 Attracting and retaining employees:

Several human resource studies have linked a company’s ability to
attract, retain and motivate employees with their CSR commitments. Interventions
that encourage and enable employees to participate are shown to increase employee
morale and a sense of belonging to the company.

 Communities as suppliers:
There are certain innovative CSR initiatives emerging, wherein companies
have invested in enhancing community livelihood by incorporating them into their
supply chain. This has benefited communities and increased their income levels, while
providing these companies with an additional and secure supply chain.

 Enhancing corporate reputation:

The traditional benefit of generating goodwill, creating a positive image and
branding benefits continue to exist for companies that operate effective CSR program.
This allows companies to position themselves as responsible corporate citizens.
Trinity Care Foundation improves Government Schools, conducts School Health
Programs, community outreach programs.
 2. INTODUCTION OF THE TOPIC
Infosys Foundation is a non-profit organisation based in Karnataka, India, established in 1996
by Infosys to support the underprivileged sections of society. It supports programs in the
areas of education, rural development, healthcare, arts and culture, and destitute care in
remote regions of India. The foundation is solely funded by Infosys, and no external
donations are accepted. The foundation is headed by Sudha Murty.
Infosys Foundation, USA, is an American branch of the Infosys Foundation, and supports
several science, technology, engineering and mathematics and community building
initiatives.
2.1 Social projects
Healthcare
The foundation has augmented existing healthcare infrastructure, access to primary
healthcare, awareness of basic hygiene, and treatment of underprivileged patients, and has
donated more than 50 crore rupees to expand the capacity of hospitals across India.
It has constructed hospital wards and built dharmashalas (rest houses) at the National Institute
of Mental Health and Neuro Sciences (NIMHANS) in Bangalore. It has also donated
medicines and medical equipment to hospitals, in addition to organising health camps in rural
India.
Education
The foundation partners with schools in rural India to enhance education and library facilities
and to promote primary education among underprivileged children. It has donated to various
educational institutes in India, such as the Chennai Mathematical Institute, and the Indian
Institute of Science.
Arts and culture
The foundation assists underprivileged artists and authors by offering financial assistance,
promoting their art, or helping them receive recognition. It contributed 70 lakh rupees (about
$100,000) for the academy established by the Bhavan's Tiruchi Kendra. Underprivileged and
talented young artists will be promoted by the bhavan by providing them a platform.
Destitute Care
The foundation supports programs of NGOs in rural areas across India. It provides vocational
training to help the destitute to live with dignity and earn a livelihood, and partners with
NGOs to support destitute children and women.
Rural Development
The foundation undertakes programs to improve the welfare of people in rural India and has
donated more than 40 crore rupees for rural development and livelihood projects such as
awareness campaigns on hygiene, sanitation, vocational training and entrepreneurship, It
works with local administration to achieve community development goals. The foundation
constructs roads, provides drainage systems and electricity, and rehabilitates flood-affected
victims in rural areas.
The name Infosys resonates with Corporate Ethics in the Indian Corporate Arena. Infosys is
the flagship company of India’s mighty ITES (Information Technology Enabled Services)
sector. Along with sustained financial performance, the company was an early adopter of
Corporate Social Responsibility initiatives.
Infosys addresses some of India’s most pressing development challenges in the areas of
Education, Rural Development, Gender Equality & Women Empowerment, Environment
Sustainability, Preserving National Heritage & Culture, Hunger, Poverty, Malnutrition and
Health. Infosys Foundation has been spending on development projects through its CSR
initiatives before it became mandatory for companies in India to spend 2% of their net profits
on Corporate Social Responsibility Activities.
As CSR in India is mandatory as per the Companies Act 2013, The CSR Journal in its
#LetsTalkCSR series is evaluating the CSR initiatives of Infosys. Corporate Social
Responsibility initiatives of Infosys have touched over a million lives since its inception and
continues to impact thousands every year.
2.2 Infosys CSR Spends
2.3 Infosys Foundation – The CSR arm of Infosys

Infosys carries out its CSR activities in India through the Infosys Foundation. Infosys
Foundation was established in 1996 to bring about a holistic development around the
community where it operates through its CSR projects.

CSR Policy

Infosys CSR Policy intends to:

– Strive for economic development that positively impacts the society at large with minimal
resource footprint.

– Embrace responsibility for the Company’s actions and encourage a positive impact through
its activities on hunger, poverty, malnutrition, environment, communities, stakeholders and
society.

CSR Committee

According to the guidelines of the Ministry of Corporate Affairs, the Company has
constituted a Board-level CSR Committee to monitor the implementation of the Corporate
Social Responsibility Policy of the Company from time to time. The Company’s CSR policy
and initiatives highlight the vision and list o delineate the vision, mission, thrust areas, and
critical requirements as per the Schedule VII of Section 135 of the Companies Act, 2013
which lists out various areas in which corporate entities are expected to deploy their CSR
funds and implement programs for social development. The Infosys Corporate Social
Responsibility Committee comprises two independent directors and one whole-time director
as members:

1) Ms. Kiran Mazumdar Shaw (Chairperson)

2) Dr. Punita Kumar-Sinha

3) Mr. U.B. Pravin Rao

The CSR committee performs the following functions

– Recommend the amount of expenditure for the CSR activities,

– Monitor CSR activities from time to time.

The committee meets every quarter to create strategy and monitor actions as well as
outcomes of Infosys’s social development projects.
CSR Team

Infosys Foundation is headed by noted author and philanthropist Mrs Sudha Murthy. The
leadership team comprises the stalwarts of the company which include Mr U.B. Pravin Rao,
Mr Ramadas Kamath, Mr Binod Hampapur and Mr Sunil Kumar Deveshwar.

CSR Strategy

Infosys CSR initiatives strive for development that positively impacts society and brings
about a lasting change in the life of the community. The CSR projects take responsibility for
the Company’s actions and encourage a positive impact through its activities on hunger,
poverty, malnutrition, environment, communities, stakeholders and society.

Healthcare

Destitute Care Centre – AIIMS Partnership

Underprivileged cancer patients often have to look for temporary shelters along with family
members who accompany them at the National Cancer Institute (NCI) of the All India
Institute of Medical Sciences (AIIMS), Jhajjar, Haryana. To support such patients and their
families, the Infosys Foundation collaborated with the hospital to build an 800-bed
Dharamshala inside the campus.

The NCI, AIIMS – New Delhi (Jhajjar campus) is one of the largest flagship projects of the
Government of India. Established as the apex centre for translational research in cancer care
and prevention, NCI has 710 patient care beds, 25 operation theatres, 1,500 accommodation
units, state-of-the-art diagnostics, advanced radiation treatment facilities, and much more.

The cyclical nature of the treatment means that cancer patients often have to make daily visits
to the hospital for long stretches, during which they need accommodation for themselves and
their families. Infosys Foundation Vishram Sadan aims to provide shelter for such
underprivileged patients and their attendants.

Infosys CSR collaborated with the government of India which is providing the land and the
costs towards water and electricity, and the Foundation is bearing the construction costs of
this state of the art facility. The 10-storeyed structure will be built over 25,200 sq.m. The plan
proposes a mix of dormitory rooms (floors 1-5) and private rooms (floors 6-8) with a
common dining facility, pharmacy, and utility stores on the ground floor.

Every day, more than 100 patients, mostly from low-income and marginalised households,
visit NCI for treatment. Family members accompanying them have a hard time finding
affordable accommodation close to the hospital. Infosys Foundation Vishram Sadan will not
only save these families the money they would otherwise have to spend on travel and
accommodation but also ensure that they can focus on the treatment and well-being of the
ailing person.
Providing Basic Healthcare

Women in Jharkhand are way behind compared to the entire country as the state is mostly a
tribal region with inaccessible areas and villages untouched by technology. Jan Chetna
Manch, Bokaro (JCMB) has been working for several years on women’s health, financial
independence and empowerment in rural areas around the steel-manufacturing town of
Jharkhand. The shared goal of Women Empowerment made Infosys Foundation support
JCMB using Infosys CSR Funds and leadership acumen. The initiative has gotten new wheels
and is going to create maximum impact in the below-mentioned areas.

JCMB, founded in 1994-95, is based in the Chandankiyari block of the Bokaro district of
Jharkhand. Its work is largely in the villages of this block and the neighbouring Chas block.
Focusing on women’s health and empowerment, the organization now has more than 8,000
members in its self-help groups (SHGs).

The SHG members were struggling with substandard healthcare services, especially during
pregnancy and childbirth. In 1997, the first Women’s Health Centre was established,
financially supported by the SHGs. Over the years, the centre expanded and now provides
antenatal care to around 1,600 women and childbirth services to more than 1,000 women per
year. This year, Infosys Foundation made a significant contribution to the operations of the
health centre to provide more allied care services at the centre so that women don’t have to
travel long distances to receive better care.

The current centre has 12 beds for admitting women, a two-bed baby room, an operation
theatre, laboratory, pharmacy, two ambulances and a clinic. JCMB has a team of eight
community health workers and 70 health guides (swasthya sakhis) who reach out to a
population of nearly one lakh, spread over 100 villages. A new 30-bed health centre is in the
works and constructing is in full swing. Infosys used its CSR funds to provide quality
healthcare to many more rural women.

After getting the Foundation’s support in 2018, JCMB bought an additional ambulance for
the centre and improved the facilities in the women’s health centre. More than 5,800
consultations were conducted in the centre and outreach clinics, and more than 850 women
were admitted for treatment at the centre in the last 6 months.
For years, people in Bokaro were struggling to get quality healthcare services at an affordable
price and this association between JCMB and Infosys Foundation has provided this right of
access to quality healthcare to the citizens of Bokaro. Infosys CSR team envisages a future
where quality health care services are a hygiene factor and not the luxury they are made out
to be.

Education

Infosys is a technology company and has been the flag-bearer of improving education
standards in the country. The Company recruits and trains thousands of engineers every year
and has first-hand information about the education levels in the country. It partners with other
non-profits like Avanti Fellows who are working in the domain of helping students from low-
income groups studying in government schools, to achieve stable, high-paying careers in
STEM (Science, Technology, Engineering and Mathematics).

2.4 Avanti Fellows Partnership – A problem that STEMs from inequality

In 2014, Infosys Foundation partnered with Avanti Fellows, a non-profit which works on a
unique “peer learning” pedagogy, which has been developed after 20 years of research at
Harvard University. It focuses on students taking ownership of their learning through debate,
collaborative problem-solving, and testing, supported by structured digital and printed study
materials.

India is infamous for implementing a rote-learning system which leads to a superficial

understanding of the subject and hence leads to substandard knowledge which does not help
people have job-skills. Most of the graduates are unemployable unless provided further
training.

Avanti Fellows started in 2010, has been to help students from marginalised communities
studying in government schools, to achieve stable, high-paying careers in STEM (Science,
Technology, Engineering and Mathematics). The non-profit has helped 40,000 students
achieve their dreams of good quality education in the last 8 years. The partnership has helped
underprivileged students get access to quality STEM education and achieve their dreams of
getting admission to the Indian Institute of Technology (IITs) and National Institute of
Technology (NITs). The grant has also helped the team add medical coaching classes into the
program, which has allowed students to sit for the NEET examination and reach the best
government-run medical colleges. The Infosys – Avanti Fellows partnership has helped over
1,000 students to get access to quality STEM education.

Making Engineering Students Employable

Infosys Foundation started the Spark-IT program in September 2014. Specifically for
engineering students, the three-month course aimed to provide technology and
communication skills training to those who consistently performed well academically. The
program received a tremendous response and attracted applicants from all over the country.
Infosys Foundation also tied up with a number of institutes in Delhi, Hyderabad, and Pune in
order to gain a wider reach

Eliminating hunger in the classrooms

The dropout rates in primary schools are very high as children from low-income families
need to earn to feed themselves. Infosys foundation collaborated with Sri Ramakrishna Vidya
Kendra in the Bannerghatta Forest area in Bengaluru to provide free meals to children
belonging to BPL ( Below Poverty Line) families and hence promote education among them.
They hope to create a long term impact in this area by educating its children and bringing
about the upliftment of the entire community.

https://www.youtube.com/watch?v=op-meqQ1M8c

2.5Agastya International Foundation Partnership – Getting Teachers Future Ready

In a world where requirements of specialized knowledge are constantly changing, upskilling

is the new buzzword. Upskilling is not applicable only to people in the technological sector, it
is imperative for the services sector too, especially education.Teachers need to engage in
upskilling programs to equip themselves with the tools required to educate students every
year in a changing landscape. For Infosys Foundation, higher education and training have
been the vehicles for engineering social change through individual enablement. Agastya
International Foundation turned out to be the ideal partner for the Foundation to realize its
goals in this area.

Agastya has been successfully conducting the Acharya Initiative, a constructivism-based

teachers’ training among government school science and math teachers since 2014. The
Foundation was quick to step in with a corpus fund when approached about a long-term grant
towards facilitating more such workshops accommodating a larger number of teachers, and
began supporting Agastya’s teacher training program from 2014. The grant has ensured
support through the years and has helped train 2,918 government schoolteachers till date
through its innovative ‘constructivist’ sessions and ‘Make your Own Lab’ modules in
Maharashtra, Odisha and Andhra Pradesh. In the FY 2020-21, the target was to train 2,625
teachers from these regions. The corpus fund has also supported a Mobile Science Lab for
Agastya. Agastya also helped establish a science centre in JE Society Athani, Karnataka with
the Foundation’s help. The mobile lab and the science centre have together benefitted 21,500
students in the past five years through 1,72,000 exposures (one exposure is equal to a two-
hour session).

The training program includes a four-day residential workshop with sessions to provide
teachers with an understanding of knowledge construction by students, comprehension of its
pedagogical significance in actual classrooms, and opportunities to revise their procedures
and try out constructivism in their classrooms. To further promote hands-on experiential
learning, the residential training also includes modules on ‘Make Your Own Lab’ – low-cost
kits teachers can use in classrooms as powerful tool encourage the implementation of these
techniques, the Acharya Initiative team also conducts follow-up workshops in clusters near
schools.
2.6 Infosys Science Foundation

The Infosys Science Foundation (ISF) was set up in 2009 by Infosys and some of its founders
and management to encourage the pursuit and practice of science and research. The Infosys
Prize, governed by the ISF, recognizes stellar research connected to India.

The winners of the 2019 prize were awarded with a pure gold medal, a citation and a prize
purse of US$ 100,000 at a grand ceremony on January 7, 2020. Renowned economist and
philosopher, Prof. Amartya Sen, said while felicitating the winners, “Aside from being a
beautiful thing in itself, knowledge generates many different types of rewards, from
productive use of inventions to the creation of new bonds among people who interact with
each other”. The ISF is encouraged by his words and continues to seek and recognize the
contributions of these amazing knowledge creators, the scientists and researchers in our
midst.

The work of the 2019 Infosys Prize winners shapes the path of research and progress in their
respective fields, significantly impacting other disciplines too and enabling innovation at the
boundaries. The laureates for 2019 were Prof. Sunita Sarawagi – Institute Chair Professor,
Computer Science and Engineering, Indian Institute of Technology, Bombay, in Engineering
and Computer Science; Dr. Manu V. Devadevan – Assistant Professor, School of Humanities
and Social Sciences, Indian Institute of Technology, Mandi, in Humanities; Dr. Manjula
Reddy – Chief Scientist, Center for Cellular and Molecular Biology, Hyderabad, in Life
Sciences; Prof. Siddhartha Mishra – Professor, Department of Mathematics, ETH Zürich, in
Mathematical Sciences; Prof. G. Mugesh – Professor, Department of Inorganic and Physical
Chemistry, Indian Institute of Science, Bengaluru, in Physical Sciences; and Prof. Anand
Pandian – Professor, Department of Anthropology, Krieger School of Arts & Sciences, Johns
Hopkins University, in Social Sciences.

The winners were chosen by jury panels chaired by distinguished scientists and researchers –
Prof. Arvind Mithal from MIT, for Engineering and Computer Science; Prof. Akeel Bilgrami
from Columbia University, for Humanities; Prof. Mriganka Sur from MIT, for Life Sciences;
Prof. Srinivasa S.R. Varadhan, Abel Prize winner and Professor at the Courant Institute of
Mathematical Sciences at the New York University, for Mathematical Sciences; Prof.
Shrinivas Kulkarni – former director of the Caltech Observatory and professor at Caltech, for
Physical Sciences; and Prof. Kaushik Basu, former SVP at the World Bank and Professor of
Economics at Cornell University, for Social Sciences.In FY 2020-21, the ISF introduced the
Winners’ Symposium, where Infosys Prize laureates across the six disciplines talked about
their prize-winning work and the broader research. The Foundation believes sharing of
knowledge across disciplines is the best way to encourage new ideas and innovative
collaboration.
2.7 Sustainable Projects

Carbon Offset Program

In 2011, Infosys made a commitment to become carbon neutral. Since then, we have been
relentlessly working towards this goal. This year, the United Nations recognized their
achievements under the carbon-neutral program. Infosys received the 2019 UN Global
Climate Action Award under the ‘Climate Neutral Now’ category at the UN Climate Change
Conference, COP25, in Madrid, Spain. Infosys became the first Indian company to achieve
this distinction. They were recognized not only for their innovative solutions to address
climate change, but also for their approach of integrating sustainable development goals such
as poverty alleviation, gender equality, and economic opportunity in their climate action
initiatives.

Infosys has almost 3 lakh employees. Being an IT giant and having offices and servers in
different parts of the world, they had a huge carbon footprint. In 2011, Infosys made a
commitment to become a carbon-neutral company. In the last decade, the company has made
huge strides towards achieving this goal which will leave earth in a better condition for the
future generation.

Normally, Corporates buy low-value offsets from the open market against their carbon
emissions but Infosys’ carbon offset program is unique. They source offsets through
community-based projects that create long-term socio-economic benefits and fund the offset
projects end to end thus creating new sustainable projects.

Currently, Infosys has a portfolio of eight community-based offset projects with a total cost
of nearly 145 crores, spread across Karnataka, Maharashtra, Rajasthan, Ladakh, and Odisha.
Six of these projects, which have been underway for more than a year, benefit over 1,25,000
rural households and about 5,00,000 people directly. Two of the projects in the portfolio
started in fiscal 2020 – a household biogas project in Karnataka and an efficient cookstove
project in Maharashtra. These projects are set to benefit around 60,000 rural families.

According to the Ministry of Statistics and Programme Implementation, close to a million

deaths a year in India are attributable to household air pollution from traditional modes of
cooking. Women and girl children bore the brunt of this pollution and suffered health issues
in their later life. This project by Infosys CSR ensured improved cooking facilities and home
lighting in rural areas. The most important benefit of the offset projects is an improvement in
health. Infosys CSR’s biogas and cookstove projects offer an essentially smoke-free and heat-
free cooking environment that significantly reduces the adverse health impacts of traditional
cooking.
Smart Infrastructure leading to carbon savings

The new buildings of Infosys continue to push the boundaries of innovation and efficiency,
setting an example for the industry. And their enterprise-level energy-efficiency retrofit
program transforms existing buildings into efficient ones. Smart automation has enabled
remote monitoring, control and optimization of building operations across 30 million sq.ft. of
space. Controllers and sensors ensure buildings/systems operate in autopilot mode with in-
built scheduling and energy-saving algorithms, providing real-time data, alerts and
diagnostics at system and equipment level. This creates huge savings every year for the
company as well as reduces its carbon emissions.

These smart initiatives not only help reduce pollution but also helped a great deal in the
current unprecedented situation caused by the COVID-19 pandemic. Smart building
automation has been a key factor in managing uninterrupted operations in buildings,
including critical infrastructure like data centres. By using smart scheduling and intelligent
algorithms, the physical presence of operations staff has been minimized, while ensuring
efficient operations through experts operating remotely. This helped them operate at full
capacity in spite of operational staff not being able to go to the office.

Energy-efficiency retrofits have helped Infosys reduce the connected load by 33.5 MW
across the company and the number of equipment they use. In fiscal 2020, Infosys
commissioned an additional 10 MW capacity in the solar plant in Sira, Karnataka. Including
this, they now have a total capacity of 60 MW of solar PV, including rooftop and ground-
mounted systems. Infosys continues to pursue green power purchase from third-party power
producers and working with governments to enable favourable policies for scaling up green
power by corporates in India.

Lake Rejuvenation – Mysuru

The Hebbal Lake in Mysuru is spread over an area of 40 acres in the Hebbal Industrial Area
and was once known as an important source of potable water. Over the years, the area around
this once beautiful lake became heavily urbanised leading to untreated sewage being
discarded in the lake and its surroundings.

Infosys as a part of its CSR activities joined hands with the Mysore administration – KIADB
and MUDA to rejuvenate the lake and restore its past glory.
The project involved desilting and beautification, including creating a walking path and
planting trees around it so that the community got involved and saw first hand the effects of
taking care of the lake. A sewage treatment plant (STP) is being constructed near the lake
with a capacity to treat 8 million litres of sewage per day so that the lake and the
surroundings are free of untreated sewage. They are using advanced membrane bioreactor
technology in the treatment plant to ensure that only the highest quality of treated water is let
out into the lake.

Infosys has seen that automation goes a long way in reducing human error and hence have
implemented this technology in the STP to ensure high-quality treatment without much
manual intervention.

This ongoing lake rejuvenation and conservation project aims to set a benchmark for similar
projects that can be adopted by administrative bodies across the country. By involving the
community, the company has made them the stakeholders ensuring the project continues
under the leadership of the people from the Hebbal Lake area

COVID-19 Relief Measures

The first COVID-19 case in India was reported on January 30, 2020, and the first death in
India due to COVID-19 happened on March 12. On March 30, 2019, Infosys Foundation
announced 100 crore support for COVID-19 relief efforts. Of the amount committed, 50
crores were donated to the PM CARES Fund to supplement the government’s pan-India relief
efforts.

Infosys Foundation used its CSR funds to set up a 100-bed facility in Bengaluru in
collaboration with Narayana Health City (NHC). This facility aims to serve people from
economically weaker sections by providing them accommodation, quality treatment by
doctors and essential medication free of cost.

The Foundation established a 182-bed quarantine facility for the Bowring and Lady Curzon
Medical College & Research Institute, Bengaluru. The BBMP Super Specialty hospital on the
institute’s premises was converted into a specialised COVID-19 hospital. The Foundation
procured and installed all the required equipment, set up the infrastructure, including
furniture and fittings. Two ambulances were also provided for emergency needs.To provide
ventilators, testing kits and PPE for frontline healthcare workers

The Foundation identified the immediate requirements at various hospitals engaged in the
fight against COVID-19 and stepped in to help. Medical equipment and infrastructures such
as ventilators, patient monitoring systems, viral transport media, N95 masks, other masks,
non-contact infrared thermometers, medical gas pipelines and gas manifold systems and PPE
kits have been provided pan- India to hospitals. These include Command Hospital (R&R) in
Bengaluru, 7 Air Force Hospital in Kanpur, 11 Air Force Hospital in Ghaziabad, Military
hospital in Belgaum, Chinmaya Mission Hospital, Bowring and Lady Curzon Medical
College & Research Institute, Sri Jayadeva Institute of Cardiovascular Sciences and Research
in Bengaluru, and Government Civil Hospital in Pune.

Access to food and nutrition for the poor

The Foundation also recognized the need to take care of the poor and underprivileged, daily
wagers whose livelihoods were impacted. Provisions, supplies and hygiene kits were
arranged to reach such sections, and healthcare workers, through many partner organizations.
The contributions were delivered through Sri Ramakrishna Sevashrama, Pavagada,
Karnataka; Deseeya Sevabharathi, Kerala; Arpan Trust, Chandigarh; Ramakrishna Mission,
Karnataka, Meghalaya and Arunachal Pradesh; The Akshaya Patra Foundation, pan-India;
NASSCOM Foundation, Karnataka, Maharashtra, Telangana and NCR; Maha Vimochana
Trust, Chennai; CII Foundation, Maharashtra; Deenabandhu Trust, Karnataka; South Western
Railways, Hubballi; Police Department, Mangalore Zone; Rama Vikas Society, north
Karnataka; Seva Bharathi, Theni, Tamil Nadu; Rashtriya Sewa Bharati, pan- India; Mysore
Zoo, CUPA, Sarvoham Trust and the Voice of Stray Dogs (towards the feeding of animals)
 3. INDUSTRY OVERVIEW

The information technology industry in India comprises information technology services

and business process outsourcing. The share of the IT-BPM sector in the GDP of India is
7.4% in FY 2022. The IT and BPM industries' revenue is estimated at $227 billion in FY
2022. The domestic revenue of the IT industry is estimated at $49 billion, and export revenue
is estimated at $181 billion in FY 2022. The IT–BPM sector overall employs 5 million people
as of March 2022.[4][5] In December 2022, Union Minister of State for Electronics and IT
Rajeev Chandrasekhar, in a written reply to a question in Rajya Sabha informed that IT units
registered with state-run Software Technology Parks of India (STPI) and Special Economic
Zones have exported software worth Rs 11.59 lakh crore in 2021-22. History
The Electronics Committee also known as the "Bhabha Committee", created a 10-year
(1966–1975) plan laying the foundation for India’s IT Service Industries. The industry was
born in Mumbai in 1967 with the export of IT services. The first software export
zone, SEEPZ – the precursor to the modern-day IT park – was established in Mumbai in
1973. More than 80 percent of the country's software exports were from SEEPZ in the 1980s.
Within 90 days of its establishment, the Task Force produced an extensive background report
on the state of technology in India and an IT Action Plan with 108 recommendations. The
Task Force could act quickly because it built upon the experience and frustrations of state
governments, central government agencies, universities, and the software industry. Much of
what it proposed was also consistent with the thinking and recommendations of international
bodies like the World Trade Organization (WTO), International Telecommunication
Union (ITU), and World Bank. In addition, the Task Force incorporated the experiences
of Singapore and other nations, which implemented similar programs. It was less a task of
invention than of sparking action on a consensus that had already evolved within the
networking community and government.
In 1991 the Department of Electronics broke this impasse, creating a corporation
called Software Technology Parks of India (STPI) that, being owned by the government,
could provide VSAT communications without breaching its monopoly. STPI set up software
technology parks in different cities, each of which provided satellite links to be used by firms;
the local link was a wireless radio link. In 1993 the government began to allow individual
companies their own dedicated links, which allowed work done in India to be transmitted
abroad directly. Indian firms soon convinced their American customers that a satellite link
was as reliable as a team of programmers working in the clients' office.
A joint EU-India group of scholars was formed on 23 November 2001 to further promote
joint research and development. On 25 June 2002, India and the European Union agreed to
bilateral cooperation in the field of science and technology. From 2017, India holds an
Associate Member State status at CERN, while a joint India-EU Software Education and
Development Center will be located in Bangalore.
In recent years there has been a boom in startups in India across all industries but especially
the Information Technology sector. This boom is in part due to various start up schemes such
as the Start Up India Scheme. Schemes like this provide resources to support the creation of
new startups in hopes to stimulate the economy and put India at the forefront of innovation
across all sectors. While the scheme has supported and incubated many companies and
helped them succeed, there has been a lack of active support for ST and SCs in the action
plans. This reflects a trend across the Information Technology sector as a whole with
marginalized communities having a harder time breaking into this booming industry.

3.1 Indian IT revenues

In the contemporary world economy, India is the largest exporter of IT. The contribution of
the IT sector in India's GDP rose from 1.2% in 1998 to 10% in 2019. Exports dominate the
Indian IT industry and constitute about 79% of the industry's total revenue. However, the
domestic market is also significant, with robust revenue growth.
The industry's share of total Indian exports (merchandise plus services) increased from less
than 4% in FY1998 to about 25% in FY2012. The technologically-inclined services sector in
India accounts for 40% of the country's GDP and 30% of export earnings as of 2006, while
employing only 25% of its workforce, according to Sharma (2006). According to Gartner, the
"Top Five Indian IT Services Providers" are Tata Consultancy Services, Infosys, Wipro, Tech
Mahindra, and HCL Technologies.
The IT and BPM industry's revenue is estimated at US$194 billion in FY 2021, an increase of
2.3% YoY. The domestic revenue of the IT industry is estimated at US$45 billion and export
revenue is estimated at US$150 billion in FY 2021. The IT industry employed almost 2.8
million employees in FY 2021. The IT–BPM sector overall employs 4.5 million people as of
March 2021.
In 2022, companies within the sector faced significant employee attrition and intense
competition in hirings. Indian IT revenues grow fastest in a decade to $227 billion
in COVID-19 pandemic -hit FY22. The IT–BPM sector overall employs 5 million people as
of March 2022. NASSCOM in its Strategic Review predicted that the IT industry can achieve
the ambitious target of being a US$ 350 billion by FY26 growing at a rate of 11-14 per cent.
Sr.No State Revenue in IT exports (US$ billion)

1 Karnataka 58 billion

2 Maharashtra 28 billion

3 Telangana 23 billion

4 Tamil Nadu 22 billion

3.2 Major information technology hubs

Bangalore
Bangalore is a global technology hub and is India's biggest tech hub As of fiscal 2016–
17, Bangalore accounted for 38% of total IT exports from India worth $45 billion, employing
10 lakh people directly and 30 lakh indirectly. The city is known as the "Silicon Valley of
India".
Bangalore is also known as the "startup capital of India"; the city is home to 44 percent of all
Indian unicorn startup companies as of 2020.
Hyderabad
Hyderabad – known for the HITEC City or Cyberabad – is India's second largest information
technology exporter and a major global IT hub, and the largest bioinformatics hub in
India. Hyderabad has emerged as the second largest city in the country for software exports
pipping competitors Chennai and Pune.
Chennai
As of 2018, Chennai is India's third-largest exporter of information technology (IT)
after Bangalore and Hyderabad and business process outsourcing (BPO) services. TIDEL
Park in Chennai was billed as Asia's largest IT park when it was built.
Kolkata
Kolkata (Greater) is one of the major and the biggest IT hub of East India. The most of the IT
parks and offices are located at New Town and Bidhannagar. As of 2020, The IT sector
employs more than 200,000 people directly. Total export from IT sector was estimated at
₹25,918 crore in 2021-22.
Pune
The Rajiv Gandhi Infotech Park in Hinjawadi is a ₹60,000 crore (US$8.9 billion) project by
the Maharashtra Industrial Development Corporation (MIDC). The IT Park encompasses an
area of about 2,800 acres (11 km) and is home to over 800 IT companies of all sizes.
Kochi
The IT and ITES related industries are growing up in Kochi. Availability of
cheap bandwidth through undersea cables and lower operational costs compared to other
major cities in India, has been to its advantage. Various technology and industrial campuses
including the government promoted InfoPark, Cochin Special Economic Zone and KINFRA
Export Promotion Industrial Park operate in the outskirts of the city. Several new industrial
campuses are under construction in the suburbs of the city. SmartCity at Kakkanad is one of
the prominent projects. Cyber City at Kalamassery is another integrated IT township SEZ
being planned in the private sector.
Delhi NCR
Delhi NCR is one of the major IT hub in India. Cities in NCR like Gurgaon and Noida have
several companies that serves the local and global markets who take help from these IT hubs.
Controversies
The Indian IT-BPM industry has the highest employee attrition rate. In recent years, the
industry has seen a surge in resignations at all levels. As a global outsourcing hub, the Indian
IT industry benefits from a lower cost of living and the consequent cheaper labor.
In the last decade most of the IT companies developed indigenous R&D and innovation
capabilities to develop home grown IT products. As the IT–BPM sector evolves, many are
concerned that artificial intelligence (AI) will drive significant automation and destroy jobs in
the coming years.
In recent years, many IT workers use forged experience certificates to gain entry into the
Indian IT industry. These fake documents are provided by consultancies that are mainly
operating out of Hyderabad and Bangalore. IT professionals frequently use proxy interviews
to clear interviews, but the majority of the phoney candidates are rejected during the
interview round.
A 2017 study of technical support scams published at the NDSS Symposium found that, of
the tech support scams in which the IPs involved could be geolocated, 85% could be traced to
locations in India.
 4. COMPANY OVERVIEW

4.1 Infosys
Infosys Limited is an Indian multinational information technology company that
provides business consulting, information technology and outsourcing services. The company
was founded in Pune and is headquartered in Bangalore. Infosys is the second-largest Indian
IT company, after Tata Consultancy Services, by 2020 revenue figures, and the 602nd largest
public company in the world, according to the Forbes Global 2000 ranking
On 24 August 2021, Infosys became the fourth Indian company to reach $100 billion
in market capitalization. It is one of the top Big Tech (India) companies.

4.2 History
Infosys was founded by seven engineers in Pune, Maharashtra, India. Its initial capital was
$250. It was registered as Infosys Consultants Private Limited on 2 July 1981.[10] In 1983, it
relocated to Bangalore, Karnataka.
The company changed its name to Infosys Technologies Private Limited in April 1992 and to
Infosys Technologies Limited when it became a public limited company in June 1992. It was
renamed Infosys Limited in June 2011.
An initial public offering (IPO) was floated in February 1993 with an offer price
of ₹95 (equivalent to ₹580 or US$7.30 in 2020) per share against a book value
of ₹20 (equivalent to ₹120 or US$1.50 in 2020) per share. The IPO was undersubscribed but
it was "bailed out" by US investment bank Morgan Stanley, which picked up a 13% equity
stake at the offer price. Its shares were listed in June 1993 with trading opening
at ₹145 (equivalent to ₹890 or US$11 in 2020) per share.
Infosys shares were listed on the Nasdaq stock exchange in 1999 as American depositary
receipts (ADR). It became the first Indian company to be listed on Nasdaq The share price
surged to ₹8,100 (equivalent to ₹30,000 or US$370 in 2020) by 1999, making it the costliest
share on the market at the time. At that time, Infosys was among the 20 biggest companies by
market capitalization on the Nasdaq. The ADR listing was shifted from Nasdaq to NYSE
Euronext to give European investors better access to the company's shares.
In July 2010, then-British Prime Minister David Cameron visited Infosys HQ in Bangalore
and addressed Infosys employees.
Its annual revenue reached US$100 million in 1999, US$1 billion in 2004 and US$10 billion
in 2017.
In 2012, Infosys announced a new office in Milwaukee, Wisconsin, to serve Harley-
Davidson. Infosys hired 1,200 United States employees in 2011 and expanded the workforce
by 2,000 employees in 2012.[17] In April 2018, Infosys announced expansion in Indianapolis,
Indiana.
In July 2014, Infosys started a product subsidiary called EdgeVerve Systems, focusing on
enterprise software products for business operations, customer service, procurement and
commerce network domains.[18] In August 2015, assets from Finacle Global Banking
Solutions were transferred from Infosys, thus becoming part of the product company
EdgeVerve Systems' product portfolio.

4.3 Products and services

Infosys provides software development, maintenance and independent validation services to
companies in finance, insurance, manufacturing and other domains.
Its key products and services are:

 NIA – Next Generation Integrated AI Platform (formerly known as Mana)

 Infosys Consulting – a global management consulting service
 Cloud-based enterprise transformation services
 Infosys Information Platform (IIP), an analytics platform
 EdgeVerve Systems, which includes Finacle, a global banking platform
 Panaya Cloud Suite
 Skava (now Infosys Equinox)
 Engineering Services
 Digital Marketing
 Blockchain

4.4 Geographical Presence

Infosys has 82 sales and marketing offices and 123 development centres across the world as
of 31 March 2018, with major presence in India, United States, China, Australia, Japan,
Middle East and Europe.
In 2019, 60%, 24%, and 3% of its revenues were derived from projects in North America,
Europe, and India, respectively. The remaining 13% of revenues were derived from the rest
of the world.
In 2022, Infosys's presence in Russia came under scrutiny. Infosys issued a clarification
stating that they don't have active relationships with Russian firms. By November, 2022; the
only people working there were administrative staff helping with transferring the existing
contracts to other contractors.
4.5 Acquisitions

Name of the Based in Acquisition cost Acquisition The business of an

acquired company date acquired company

Expert Australia US$23 million Dec 2003 IT service provider

Information
Services

Mc Camish USA US$38 million Dec 2009 Insurance and

Systems financial services

Portland Group Australia AUD 37 million Jan 2012 Strategic sourcing and
category management

Lodestone Switzerland US$345 million Sep 2012 Management

Holding AG consultancy

Panaya Israel US$200 million Mar 2015 Automation

technology

Skava USA US$120 million Apr 2015 Digital experience

solutions

Noah-Consulting USA US$70 million Nov 2015 Information

management
consulting services

Skytree USA Undisclosed Apr 2017 Machine learning

amount

Brilliant Basics UK GBP 7.5 million Aug 2017 Product design and
customer experience

Fluido Oy Finland EUR 65 million Oct 2018 Sales force advisor

and consulting partner
WongDoody USA US$75 million Jan 2019 Advertising and
creative strategy
services

Stater N.V. Netherlands EUR 127.5 Apr 2019 Mortgage services

million

Simplus USA-AU TBD Feb 2020 Salesforce Partner

Kaleidoscope USA US$42 million Sep 2020 Product design and

development

4.6 Listing and shareholding pattern

In India, shares of Infosys are listed on the BSE where it is a part of the BSE SENSEX and
the NSE where it is a NIFTY 50 Constituent.[51] Its shares are listed by way of American
depositary receipts (ADRs) at the New York Stock Exchange.
Over a period of time, the shareholding of its promoters has gradually reduced, starting from
June 1993 when its shares were first listed. The promoters' holdings reduced further when
Infosys became the first Indian-registered company to list Employees Stock Options Schemes
and ADRs on NASDAQ on 11 March 1999.[53] As of 29 July 2021, the promoter holding was
12.95%, foreign institutional investors (FIIs) hold 33.39%, and domestic institutional
investors (DIIs) hold 21.98%.
Infosys shareholding and stakeholders pattern (as of 29 July 2021)

Shareholders Shareholding

Promoters group 12.95%

Foreign institutional investors (FII) 33.39%

Domestic institutional investors (DII) 21.98%

Public 31.32%

Others 0.36%

Total 100.00%

4.7 Operations
In India, shares of Infosys are listed on the BSE where it is a part of the BSE SENSEX and
the NSE where it is a NIFTY 50 Constituent. Its shares are listed by way of American
depositary receipts (ADRs) at the New York Stock Exchange.
Over a period of time, the shareholding of its promoters has gradually reduced, starting from
June 1993 when its shares were first listed. The promoters' holdings reduced further when
Infosys became the first Indian-registered company to list Employees Stock Options Schemes
and ADRs on NASDAQ on 11 March 1999. As of 29 July 2021, the promoter holding was
12.95%, foreign institutional investors (FIIs) hold 33.39%, and domestic institutional
investors (DIIs) hold 21.98%.
Employees
Infosys had a total of 259,619 employees (generally known as "Infoscions") as of 2021, out
of which 38.6% were women. Out of its total workforce, 229,658 are software professionals
and remaining 13,796 work for support and sales. In 2016, 89% of its employees were based
in India.
During the financial year 2019, Infosys received 2,333,420 applications from prospective
employees, interviewed 180,225 candidates and had a gross addition of 94,324 employees, a
4% hiring rate. These numbers do not include its subsidiaries.
In its Q3FY22 results in January, Infosys has reported that attrition has risen to 25.5%, from
20.1% in the September quarter. It has announced a profit of Rs 5,809 crore for the third
quarter and said it is planning to hire 55,000 freshers for FY22 as part of its global graduate
hiring program.
Training centre in Mysore
As the world's largest corporate university, the Infosys global education centre in the 337
acre campus has 400 instructors and 200+ classrooms, with international benchmarks at its
core. Established in 2002, it had trained around 125,000 engineering graduates by June 2015.
It can train 14,000 employees at a given point of time on various technologies.
The Infosys Leadership Institute (ILI), based in Mysore, has 196 rooms and trains about
4,000 trainees annually. Its purpose is to prepare and develop the senior leaders in Infosys for
current and future executive leadership roles.
The Infosys Training Centre in Mysore also provides a number of extracurricular facilities
like tennis, badminton, basketball, swimming pool, gym and bowling alley. It has an
international level cricket ground approved by BCCI.
 5. PROJECT DETAIL
Infosys Limited (“Infosys” or “the Company”) has been an early adopter of corporate social
responsibility (“CSR”) initiatives. Along with sustained economic performance,
environmental and social stewardship is also a key factor for holistic business growth. The
Company established the Infosys Foundation in 1996 as a not-for-profit nodal body aimed at
providing a dedicated approach to community development and also to fulfil our CSR
commitments. Infosys Foundation works towards removing malnutrition, improving
healthcare infrastructure, supporting primary education, rehabilitating destitute individuals
and caring for animals, and preserving Indian art and culture. Infosys Foundation partners
with non-government organizations (NGOs) to make a difference among local communities.
The Company’s focus has always been to contribute to the sustainable development of
society and the environment, and to make our planet more liveable for future generations.

5.1 Objectives

Infosys’ CSR Policy intends to:

• Strive for economic development that positively impacts society at large with minimal
resource footprint.
• Embrace responsibility for the Company’s actions and encourage a positive impact through
its activities to alleviate hunger, poverty and malnutrition; to protect the environment; and to
support communities, stakeholders and society.

5.2 Focus Areas And Modes Of Implementation

Focus areas

In accordance with the requirements under the Companies Act, 2013 and the rules /
regulations framed there under and circulars / clarifications issued thereunder (collectively,
“Applicable Law”), Infosys CSR activities, amongst others, will focus on:

• HUNGER, POVERTY, MALNUTRITION AND HEALTH: Eradicating extreme

hunger, poverty and malnutrition, promoting preventive healthcare and sanitation and making
available safe drinking water.

• EDUCATION: Promoting education, including special education and employment-

enhancing vocational skills, especially among children, women, the elderly and the
differently abled, and livelihood enhancement projects; monetary contributions to academic
institutions for establishing endowment funds, chairs, laboratories, etc., with the objective of
assisting students in their studies, this also includes skilling and re-skilling initiatives for
those who are in need.
• RURAL DEVELOPMENT PROJECTS: Strengthening rural areas by improving
accessibility, housing, drinking water, sanitation, power and livelihoods, thereby creating
sustainable villages.

• GENDER EQUALITY AND EMPOWERMENT OF WOMEN: Promoting gender

equality and empowering women; setting up homes, hostels and day care centers for women
and orphans; setting up old age homes and other similar facilities for senior citizens; and
adopting measures for reducing inequalities faced by socially and economically backward
groups.

• ENVIRONMENTAL SUSTAINABILITY: Ensuring environmental sustainability,

ecological balance, protection of flora and fauna, animal welfare, agro-forestry, conservation
of natural resources and maintaining the quality of soil, air and water.

• NATIONAL HERITAGE, ART AND CULTURE: Protecting national heritage, art and
culture, including the restoration of buildings, sites of historical importance, and works of art;
setting up public libraries; reviving, promoting and developing traditional arts and
handicrafts.

5.3 Modes of Implementation

Hunger, poverty, malnutrition and healthcare

Work directly or with non-profit organizations at infrastructure and/or operational level

support meal or nutrition related programs in schools and other institutions across India.
Work with medical and health related organizations for projects in preventive healthcare,
short term and long-term care and treatments.

Education

Partner directly or with non-profit organizations, primary, secondary and higher educational
institutions including schools, colleges, and universities to encourage efforts in a wide range
of areas including training, provision of funding for continued education, skilling and re-
skilling initiatives, offline and online education, research, infrastructure development and
capacity building.

Rural Development

Work with non-governmental organizations (NGOs) and local administrations to achieve

community development goals. Partner directly or with governments and NGOs to support
projects related to development and improvement of infrastructure and essential amenities,
livelihood and skilling initiatives, training and education, and rehabilitating disaster- affected
victims in rural areas.
Gender equality and empowerment of women

Work directly or with NGOs to reach out to underprivileged and socially disadvantaged
persons including women and children towards the cause of gender equality and
empowerment. Projects include awareness activities, trainings, support for livelihood related
efforts, infrastructure development, and operational needs.

Environmental sustainability

Work with NGOs on safeguarding the environment, including protection of flora and fauna,
promoting climate action, renewable energy, natural resource conservation as well as
promoting resource efficiencies across energy, water and waste management. Projects can
include interventions in the areas of water and wastewater management (watershed
management, lake rejuvenation.), rural electrification, waste to energy (household biogas),
avoidance or replacement of firewood for cooking with efficient alternatives, forestry,
amongst others.

National heritage, art and culture

Support artists, including writers, poets, painters, musicians, dancers and theatre artists, in
collaboration with partner organizations through contribution towards operational needs,
performance activities, livelihoods, and other opportunities to encourage preservation of
cultural and traditional Indian art forms. Undertake restoration of architectural structures,
historical monuments, and water bodies.

5.4 Undertaking CSR activities

Infosys will undertake its CSR activities (being projects/programs/other permitted activities),
approved by the CSR Committee either directly or through the Infosys Foundation and such
other eligible entity/organization as approved by the CSR Committee. The surplus arising out
of the CSR activities shall not form part of the business profit of the Company .Such surplus
shall be spent towards its CSR activities in accordance with this policy. Identification and
implementation of multi-year CSR projects/programs (Ongoing Projects) will be monitored
by the CSR Committee and the Board of Directors of the Company, as required under
Applicable Law.

CSR Annual Action Plan And Location Of CSR Efforts

The CSR Committee shall decide on the locations for CSR activities, formulate and
recommend to the Board for approval a CSR annual action plan, which shall contain all
matters which are required under Applicable Law and any other matters as the CSR
Committee may deem fit from time to time. The Board may modify the annual action plan as
per the recommendations of the CSR Committee any time during the financial year.

Impact Assessment

Impact assessment shall be undertaken by the Company or by recipient or by implementing

agency as required by and in the manner set out under Applicable Law, and the impact
assessment report(s) shall be placed before the CSR Committee and the Board, and shall be
disclosed as legally required.

Composition Of CSR Committee And Disclosures

The CSR Committee shall be comprised in accordance with the requirements of Applicable
Law. This CSR Policy, details of the composition of the CSR Committee and projects
approved by the Board shall be hosted on the Company's website at www.infosys.com.

Governance

The Company can undertake CSR activities either by itself or through other entities eligible
to undertake CSR activities under Applicable Law. Accordingly, Infosys Foundation or such
other entity will work closely with and support the Board and the CSR Committee in carrying
out the CSR activities of the Company. Infosys Foundation or such other entity will assist the
CSR Committee in identifying the areas of CSR activities and execution of initiatives as per
defined guidelines. Infosys Foundation or such other entity will also assist the Board and the
CSR Committee in reporting the progress of deployed initiatives and in making appropriate
disclosures (internal / external) on a periodic basis

Funding, Selection And Monitoring Process

Infosys Foundation or such other entity will receive requests for funding of project
throughout the calendar year. Its panel of experts will evaluate proposals received under the
Infosys Foundations’ or such other entity’s focus areas and projects will be prioritized by
assessing their potential impact. The Infosys Foundation or such other entity will then
forward its recommendations to the CSR Committee. The CSR Committee will deliberate on
the proposals and approve proposals for implementation at its discretion.
Infosys’ representatives and / or Infosys Foundation or such other entity will collaborate with
stakeholders to monitor the status of each project and will report its findings to the CSR
committee periodically to enable the Board and the Management of the Company to meet
their reporting, monitoring and other legal obligations. In any year, where the Company has
spent in excess of its CSR obligation, such excess spending shall be available for set off
against the Company’s CSR obligations for up to the next three financial years in accordance
with Applicable Law, and the Board shall be competent to pass a resolution in this regard.
5.5 METHODLOGY

CSR is the procedure that applies to assess an organization’s impact on society and
evaluating their responsibilities. It starts with an assessment of the following aspects of each
business:

 Suppliers
 Customers
 Employees.
 Environment
 Communities

Budget

The Company Board of Directors would ensure that in each financial year the Company
spends at least 2% of the average Net Profit obtained during the three immediately preceding
financial years. The net profit as per the company’s financial statement that is prepared in
accordance with the applicable provisions of the Act, but would not include the following:

 Any profit resulting from any overseas branch or branches of the company, whether
operated as a separate company or otherwise.
 Any dividend obtained from other companies in India which are covered under and
complying with the requirements of section 135 of the Act.

Allocation of Funds

The Company will spend not less than 2% of the average Net Profits that are made during the
three immediately preceding financial years. The surplus standing out of the CSR activity
will not be part of the business profits of the Company. The Corpus will thus include the 2%
of average net profits, as aforesaid, any income arising therefrom and surplus arising out of
CSR activities.The Company would build the CSR capacities of its personnel and those of its
implementing agencies through the Institutions with the established track records of at least
three financial years but such expenditure would not exceed 5 per cent of total CSR
expenditure of the Company in one financial year.

However, if the Company ceases to be included under Section 135 of the Act for three
financial years, then it would not be required to, comply with the provisions laid down under
sub-section (2) to (5) of section 135, till such time it meets the criteria stipulated in sub-
section (1) of the Act.
5.6 SOURCES OF DATA AND DATA COLLECTION INSTRUMENT

The Library of Congress subscribes to many databases though they are only available to
onsite researchers. Check to see what you have access to through a local public or university
library. For legal questions, contact the Law Library of Congress.

The subscription resources marked with a padlock are available to researchers on-site at the
Library of Congress. If you are unable to visit the Library, you may be able to access these
resources through your local public or academic library.

Article Database

To aid in the use of these online databases, we suggest the following keywords or phrases
that can be used to locate articles on CSR: "corporate social responsibility;" OR "CSR;" OR
"social responsibility of business;" OR "social responsibility;" OR "corporate responsibility;"
OR "sustainable development;" OR "sustainability;" OR "corporate governance;" OR "green
business;" OR "fair trade;" OR "business ethics.”

Business Economics & Theory Collection

NEWS Full text of hundreds of newspapers, magazines, and newswires from the U.S. and
around the world Hard-to-find broadcast transcripts from the major television and radio
Spanish, French, German, Italian, Dutch and other foreign-language newspapers and
magazines

LEGAL Comprehensive coverage of US federal and state case law and statutory law Law
review articles from over 500 publications Legal news from more than 300 legal newspapers,
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BUSINESS Company Dossier service, including detailed financial and operating data on over
43 million US and international companies Business and trade publications SEC filings

Public access - GPO combines modern search technology with extensive metadata creation to
ensure the highest quality search experience. Users can easily access documents for free by
searching or browsing the mobile-friendly website.

Content management – GPO securely controls digital content throughout its lifecycle to
ensure content integrity and authenticity. This includes the application of digital signatures to
PDF files so users can verify documents have not been altered and are the official versions.

Digital preservation – GPO’s standards-compliant preservation repository follows archival

system standards and ensures content is preserved for future generations despite technical
failure, aging of hardware, or technological change. GPO is seeking to become the first
Federal agency to be named as a Trustworthy Digital Repository for Government information
through certification under ISO 16363.
6. DATA ANYALSIS AND INTERPETATION
 7. RECOMMENDATION AND FINDING

In 2019, an amendment made the Corporate Social Responsibility (CSR) norms in India
stricter. It is now mandatory that the unspent CSR money in a financial year be transferred to
an escrow account specially meant for CSR activities. These remaining funds must be used
within three years. Later, any unspent amount must be transferred to a government-specified
fund.

Non-compliance of the law shall entitle both the company and the entrusted individuals with
fines ranging from Rs. 50,000 to Rs. 25 lakhs. The amendment also makes the defaulters
liable for imprisonment up to 3 years.

Know more about corporate social responsibility in India on the National CSR Portal of the
Government of India.

Corporate Social Responsibility encourages companies to enact positive change. While it

does present an opportunity to strengthen your brand, it is essential to find the right partner
organisation and to associate with the right cause. You need excellence in your Corporate
Social Responsibility (CSR) activities and TARA qualifies for it. Today TARA protects and
educates 150 vulnerable children who gradually become responsible and productive citizens.
 8. KEY LEARININGS

Create a culture built on doing good

To ensure your CSR program isn’t just an afterthought, McCarty emphasizes the importance
of making sure that giving back is at the foundation of the company’s culture and core values.
By coming from a place of sincerity that is true to the company’s beliefs, a CSR program will
become an extension of the company’s intentions.

Follow your employee’s interests

McCarty is adamant that businesses should support charities or causes that employees are
already passionate about. Before deciding where TCC should donate its money, time and
resources, McCarty spent a significant amount of time determining what efforts would make
the most impact on both his employees and the community. That was no easy feat
considering the company has more than 1,700 employees and 630 stores across the nation.

Provide paid time off for volunteer efforts

Volunteer time off (VTO) policies are a growing trend among businesses truly committed to
doing CSR programs the right way. Companies that allow VTO recruit and retain ambitious
employees. Studies show giving your employees volunteer opportunities as part of their
jobs builds loyalty to your company, making them honored to work for a place with a strong
community mindset.

TCC, for example, gives employees two paid days or 16 hours off per year to volunteer in a
community effort of their own choosing. In addition, each store is given $125 per quarter
($500 a year) to dedicate to a local organization of their choice. Stores and departments have
done holiday outreaches, food donations, given winter clothing, created care baskets for new
moms, sent military care packs and more.

Get your customers involved

William Matthew Drake II is the store manager of TCC’s Oxford East location in
Pennsylvania. With poverty in areas surrounding this particular store, Drake felt it was
important to take a look at the local youth and invest in something with the potential to be a
long-term solution to the problems facing his community.

His store decided to focus on a local after school program that reaches kids ages 9-18. The
organization supports between 250-500 kids from five area schools. At one of those schools,
48% of the students are on state-provided lunches.
TCC employees volunteer their time side-by-side teachers who donate their time to help with
anything the program needs. They’ve also found unique ways to raise funds for the youth
center, such as playing in charitable basketball games with the local university’s women’s
basketball team.

Let employees lead the cause

McCarty has two designated “Champions of Good” in each region, totaling more than 75
employees leading the company’s charitable initiatives. They foster new ideas, communicate
Culture of Good opportunities to fellow employees and ensure philanthropy remains a
significant part of TCC’s corporate culture.
 9. CONCLUSION

Corporate Social Responsibility (CSR) is often considered at the organizational level as a

strategic activity that contributes to a brand's reputation. As a result, for Nestlé social
responsibility programmes to be successful, they must be consistent with and incorporated
into a business strategy. In certain models, a company's CSR implementation goes beyond
regulatory compliance and includes "activities that appear to serve some societal good,
beyond the firm's interests and what is required by law." Nestlé also engages in CSR for
strategic or ethical reasons. This action can contribute to business profitability from a
strategic standpoint, especially if companies actively self-report both positive and negative
effects of their activities. These advantages are derived in part from improving favourable
public relations and
maintaining high ethical standards in order to decrease business and legal risk by accepting
responsibility for company actions.

CSR strategies encourage the company to make a positive impact on the environment and
stakeholders including consumers, employees, investors, communities, and others
Conclusion Corporate Social Responsibility and ethical decision-making go hand in hand for
many businesses, even if it’s not very clear that they do Those businesses that make ethical
decisions are also those that have good corporate responsibility and profitability. As
companies like ITC continue to focus on all of their stakeholders, rather than just their
shareholders, they will find themselves making decisions that benefit all of their stakeholders.
CSR efforts, if managed well, can boost a company’s reputation, like we’ve seen with ITC,
Ltd.

Additionally as their reputation grows, typically their profits will grow in response.
Businesses that want to ensure their futures should follow ITC’s lead of vision and mission
by focusing on their many stakeholders. ITC has a few weaknesses, the whistleblower policy
among the most prominent, but they are generally an ethical and socially responsible
company that has continually spearheaded CSR efforts throughout India and the world.

References Anti Corporate Social Responsibility. (N.D.) CSR Created Risk. Retrieved Mar.
31, 2018 from Carpenter, M., Bauer, T., Erdogan , B., & Short, J. (2013).Principles of
Management (Version2.0).Flat World Knowledge, Inc. Irvington, NY.CSR World. (N.D.).ITC
Limited Corporate Citizenship.CSR World, Forum for Corporate Social Responsibility. New
Media Ventures. Retrieved Mar. 30, 2018
 10. BIBLIOGRAPHY

https://thecsrjournal.in/infosys-csr-report-india-2020

https://www.slideshare.net/rahandevkar/csr-of-infosys

https://www.nrel.gov/csp/data-tools.html

https://d1.awsstatic.com/analyst-reports/simplifying-data-access-to-facilitate-csp-data-driven-
projects-pdf.

"Infosys appoints Salil S. Parekh as CEO and Managing Director". The Economic
Times. Archived from the original on 2 December 2017. Retrieved 2 December 2017.

"Infosys Consolidated Profit & Loss account, Infosys Financial Statement &
Accounts" (PDF). www.infosys.com. Retrieved 13 April 2023.

"Infosys let go of 3,611 employees in Q4, attrition rate dips sharply to 20.9%". Retrieved 13
April 2023.

"Results for the Fourth Quarter and Year ended March 31, 2020" (PDF). Infosys
Ltd. Archived (PDF) from the original on 13 April 2019. Retrieved 13 April 2018.

"Infosys Overview". Infosys. Retrieved 28 February 2021.

"Forbes 2020 Global 2000". Forbes. Retrieved 28 February 2021.

"Infosys becomes 4th Indian company to touch $100 bn market cap". The Times of India.
Retrieved 25 August 2021.
 11. LIST OF ABBREVIATION

CSR – Corporate Social Responsibility

CR – Capability Requirement

CCR – Cost To Change Ratio

CIR – Critical Information Required

SSL—Secure Sockets Layer

CA – Certificate Authority
CORPORATE SOCIAL RESPONSIBITY PROJECT SYNOPSIS
FORMAT

Student Name : Kajal Vijay Gaikwad. Class and roll no : S.Y.MMS/15

Specialization : Finance.

1. PROJECT TITLE:
Corporate social responsibility policy of Infosys limited

2. OBJECTIVE OF THE PROJECT:

 Strive for economic development that positively impact society at large with
minimal resources footprint
 Embrace responsibility for the company’s actions and encourage a positive
impact through its activities to alleviate hunger,poverty and malnutrition to
protect the environment and to support communities and society

3. LIMITATION OF THE PROJECT:

 They don’t provide sensitivity and depth information
 There was a problem in collecting of relatively information

4. METHODOLOGY TO BE USED:
 Type of research
 Sample size
 Area of research
 Type of data

5. SOURCES OF DATA:
 Source of secondary data: The data are collect from articles published on
various website and company’s official website

(Approved / Not approved ) Date:

Project Guide : Name &Signature: