New Delhi, 29 August 2021: Piramal Enterprises Limited (PEL), a diversified global business conglomerate, has spent a total of Rs. 7 crores on its CSR activities, exceeding it’s mandatory CSR obligation by 12.7 %.
As per the CSR rules, the company had to spent close to Rs 6.21 crores on CSR activities in the financial year 2020-21. However, it spent Rs. 79 lakhs more than the prescribed CSR budget.
The average net profit of the company of past three years stood at Rs. 310.38 crores. The CSR mandatory limit for a company is calculated as 2 % of the average profit of the past three years.
Piramal Enterprises CSR 2020-21: Key social areas
| S.No. | Project name | Focus area | Location | Amount spent (in crores) |
| 1 | ASARA –ARAKU–Tribal Healthcare Model | Promoting Healthcare | Andhra Pradesh | 3.43 |
| 2 | School Leadership Development Program | Promoting Education | Rajasthan | 2.45 |
| 3 | District Transformation Program | Promoting Education | Gujarat & Central | 1.12 |
| Total |
|
| 7.00 |
The company implements its Corporate Social Responsibility (CSR) programs through Piramal Foundation's subsidiaries, Piramal Swasthya Management and Research Institute and Piramal Foundation for Education Leadership. These CSR entities develop innovative approaches and solutions to the social challenges.
Piramal Foundation dedicatedly words towards bringing positive change in the environment through reshaping the health, education, water, social sector ecosystem by developing high-impact solutions and partnerships.
The Piramal Group has a presence across various sectors such as healthcare, life sciences, drug discovery, healthcare information management, financial services, and real estate.
The CSR committee at the company is led by Mr. Deepak Satwalekar who chairs the Committee. The other members in the committee include Ms. Nandini Piramal, Mr. Vijay Shah, and Mr. Rajesh Laddha.
The company’s projects in Education and Health sector remains in the core of its CSR activities in recent years. A brief of its key social initiatives is below:
ASARA (Tribal Health Program)
The project is executed in collaboration with the Integrated Tribal Development Agency in the tribal area of Andhra Pradesh, focusing on maternal and child health. It includes early registration of pregnant women, newborn care, nutritional counselling, and facilitation of institutional delivery. Supplementary nutrition was provided to 4,933 pregnant women. The programme resulted in 89% institutional deliveries.
COVID-19 Helpline
After the outbreak of the pandemic last year, the company started putting its efforts towards increasing awareness towards the preventive measures.
• Piramal Swasthya operated the ‘104’ toll-free health information helplines in public-private partnership with eight state governments across India
• A total of 19.1 lakh calls were received and 12.4 lakh calls were made from this health helpline from March 2020 to April 2021
Piramal Swasthya
• The company has reached more than 12 crore people in India through its 35 programmes in health care services in 21 states
• Collaborated with NITI Aayog to provide support and bring about transformation in health and nutrition indicators in 25 aspirational districts across 7 states in India
• Its collaborations with Bill & Melinda Gates Foundation, Rockefeller Foundation, World Diabetes Foundation, Plan International and other like-minded corporates, NGOs, and philanthropists have facilitated the design and implementation of various CSR health programmes
Education
• Collaborated with 4 state governments to build institutional capabilities of state-level education institutions
• 2.9 million senior citizens in 112 aspirational districts were supported under Surakshit Dada-Dadi Nana-Nani Abhiyaan
• 1.6 lakh+ girl children were supported under Saksham Bitiya Abhiyaan to build back equal education for girl child
• Built digital teaching capabilities of over 9 lakh teachers to ensure continuity in learning for 1 crore+
