New Delhi, 21 January 2022: Piramal Enterprises Limited (PEL), a diversified global business conglomerate, has spent as much as Rs 7 crore on its CSR activities. The major focus area of its CSR activities was healthcare and education.
The average net profit of the company for the past three years was Rs 310.38 crores. Its prescribed CSR budget was thus calculated as Rs 6.21 crores (2 percent of the average net profit of the past three years). The company has spent Rs 79 lakh over and above its prescribed CSR budget for the financial year 2020-21.
CSR amount spent by PEL against other than ongoing projects for the financial year
|
S.No.
|
Project name
|
Focus area
|
Location
|
Amount spent (in Rs crore)
|
|
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 Piramal Group has presence across various sectors such as healthcare, life sciences, drug discovery, healthcare information management, financial services, and real estate.
“Our Corporate Social Responsibility (CSR) entities develop innovative approaches and solutions to resolve issues that are critical roadblocks towards unlocking India’s economic potential and delivering a sustainable impact. The Piramal Group’s core principles of Knowledge, Action, Care, and Impact lead the company in fulfilling its social duties. We believe that human resources are critical to the Company’s ability to drive growth, efficiency, and productivity. Our strength lies in diversity across teams and businesses, and it brings together fresh ideas, perspectives, and experiences,” the company stated in its annual report.
CSR Focus Areas of Piramal Enterprises
Aligned to the Piramal Group’s sustainable development goals, its CSR entities were focused on:
- Universal primary education
- Maternal health, child health, and non-communicable diseases
- Youth empowerment
ASARA (Tribal Health Program)
It was 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
- 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+
Employee Social Impact
- Over 2,348 volunteering hours by Piramal Group employees
Implementing agencies for PEL
Piramal Foundation works towards improving the health, education, water, and social sector ecosystems through high-impact solutions and collaborations. PEL’s Corporate Social Responsibility (CSR) programs are implemented through Piramal Foundation’s subsidiaries, Piramal Swasthya Management and Research Institute and Piramal Foundation for Education Leadership, conduct campaigns and programs as solutions to problems that obstruct India’s potential.
These CSR entities develop innovative approaches and solutions to the challenges faced by India’s economy. The company actively collaborates with businesses sharing similar social goals. Together, they bring to life projects that are scalable and deliver a sustainable impact.
Piramal Foundation is dedicated to bring a positive change in the environment through reshaping the health, education, water, social sector ecosystem by developing high-impact solutions and partnerships.
Composition of CSR Committee
Deepak Satwalekar is the Chairperson of the CSR Committee. Other key members are Nandini Piramal, Vijay Shah, and Rajesh Laddha.
