Company: Wockhardt Ltd
Income 2005-2006 =Rs 900 Cr (rounded off)
Net profit after tax (05-06) = Rs 200 Cr (rounded off)
Karmayog CSR Rating-2/5
CSR activities:
Wockhardt has always been a socially responsible corporate citizen. Each of our welfare initiatives is an extension of the company’s belief of making a difference to the society we live in. Wockhardt has initiated and been involved in some key welfare programmes.
WHARF – a non-profit organisation providing education in HIV / AIDS
In 2002, Wockhardt and Harvard Medical International (HMI) of US joined hands to create a non-profit organisation. WHARF (Wockhardt-HMI HIV/AIDS Education and Research Foundation) is a platform for clinicians, nurses, and counsellors to acquire knowledge in the areas of their specialisation relating to HIV/AIDS. The objective is to scale up training of healthcare providers on using global standards in HIV/AIDS management and to work with them on overcoming attitudinal and economic barriers. A research study conducted jointly by HMI and Wockhardt in Mumbai city revealed that despite widespread awareness about the virus, there was a definite need for structured and scientific education in the prevention and management of HIV/AIDS. Recognising this gap for specialised training, WHARF developed ‘train the trainer’ programmes to mentor community-based caregivers. A core team of faculty – international (from Harvard) and Indian – form the backbone of WHARF. Since the first programme in December 2002, WHARF has trained over 4,000 healthcare providers working in high-risk communities. The organisation is also working in tandem with national, regional and global programmes to train primary care givers from grassroot social organisations and hospitals.
Recognising and rewarding medical excellence
To honour the contribution of India’s doctors, Wockhardt instituted the Wockhardt Medical Excellence Awards. The awards are organised by Harvard Medical International (HMI), the international arm of Harvard Medical School, US. Two awards events have been held – in 2003 and 2005 – honoring India’s medical icons for excellence in their areas of specialisation and their lifelong commitment to caring for the community.
Responding to unusual events and urgent needs
Rehabilitating an earthquake-hit village: In the aftermath of the earthquake that hit Gujarat, India on January 26, 2001, Wockhardt responded spontaneously by adopting an affected village. The aim was to go beyond relief – and address the need for social infrastructure rehabilitation. Baniari, a village in Bachao, was adopted. This village had suffered about 75% destruction, calling for complete reconstruction of its facilities to rehabilitate its population. With contributions from the company and employees, the village now has several new facilities – a local government facility (panchayat house), school, primary health centre, community centre, cattle shed and playground.
Contributing towards welfare of tsunami victims: In response to the devastating tsunami that hit India’s coasts in December 26, 2004, the company contributed Rs. 1 million in medicines and Rs. 5 million, including employees’ contribution of one day’s salary towards the relief efforts. The contributions were made to the Prime Minister’s National Relief Fund.
Amount spent on CSR : No information regarding the amount spent on CSR was available on the homepage .
Contact details : Wockhardt Ltd
Wockhardt Towers,
Bandra-Kurla Complex,
Bandra (East), Mumbai – 400 051,
Maharashtra, India.
Tel.: + 91 – 22 – 26534444
Fax: + 91 – 22 – 26534242
Website: http://www.wockhardt.com
Email: contactus@wockhardt.com