New Delhi, 08 October, 2021: Software company Birlasoft has spent Rs 5.27 crore on its CSR activities in the financial year 2020-2021, which is 23% over and above its mandatory CSR obligation for the fiscal.
Birlasoft, an arm of the multi-billion-dollar diversified The CK Birla Group, was required to spend an amount of Rs. 4.3 crores towards Corporate Social Responsibility (CSR) projects for 2020-21. However, during the period, the company has spent Rs 5.27 crores through external agencies on various activities as specified under Schedule VII of the Companies Act, 2013.
The average net profit of the company for the past three years stood at Rs 213.95 crore. Therefore, its mandatory CSR expenditure for the financial year (two percent of average net profits of the past three years), was calculated as Rs 4.3 crore. However, going beyond its CSR obligation, Birlasoft has spent a sum of Rs 5.27 crore, an excess of Rs 97 lakhs.
Out of this total CSR spent amount, the company donated Rs 2.5 crore to the PM CARES fund in the fight against Covid-19. Other areas that got the company’s major attention include, women and child development, education and environment sustainability.
Expenditure Summary
CSR amount spent against ongoing projects for the financial year 2020-21
| S.no. | Project name | Focus area | Location | Amount spent (in Rs lakh) | Implementing agency |
| 1. | Disha: Higher education scholarship program | Women and Child development | Uttar Pradesh | 34.48 | Smile Foundation |
|
Total |
|
| 34.48 |
|
CSR amount spent against other than ongoing projects for the financial year
| S.no. | Project name | Focus area | Location | Amount spent (in Rs lakh) | Implementing agency |
| 1. | Prime Minister’s Citizen Assistance and Relief in Emergency Situations Fund (PM CARES Fund) | Disaster Management - |
| 250 |
|
| 2. | Shodhan Environmental | Sustainability | Punjab | 122.00 | CII Foundation |
| 3. | e-vidya | Women and Child development | Noida, Pune, Mumbai, Hyderabad, Chennai, Bangalore | 49.28 | Smile Foundation |
| 4. | e-vidya | Women and Child development | Uttar Pradesh and Rajasthan | 50.68 | CII Foundation |
| 5. | Disha - Vocational Skill Scholarship program | Women and Child development | Uttar Pradesh | 9.70 | Smile Foundation |
| Others
|
|
| 10.48
|
|
The implementing agencies of Birlasoft include Smile Foundation, CII Foundation, Dhai Akhar Foundation, Seva Sahyog, and IndiaCare.
The CSR committee of the company is led by the chairman Amita Birla. Nandita Gurjar and Anant Talaulicar are the other members of the Committee.
"Birlasoft is committed to serve the community in need and also encourage its employees to do so and give back to the society through various developmental activities for women, children, environment, and in natural calamity. Birlasoft seeks to leverage its IT strength, global presence, and strong employee base to transform the delivery of its social programs efficiently and effectively," states the annual report of the company.
Major focus areas
The key themes identified by the company for the improvement and upliftment of the society include:• Environment sustainability: Maintaining air, water and soil quality, conservation of the natural resource and ecological balance
• Women & child development: Education, health and hygiene, scholastic development of children from socio-economic backward group, empowerment and enablement of women through education, good health and skills development
• Disaster Management: Extending a helping hand for disaster management causes.
Under these thematic areas, the company has community initiatives for the farmers of Punjab and Haryana called ‘Shodhan’, education and health initiative for children, undergraduates and graduates under project ‘Disha’ and skill development programme for women under project ‘e-vidya’.
