Arvind Ltd.
Sales (2007-2008) =Rs.2300 crores (rounded off)
Net profit after tax =Rs.30 crores (rounded off)
CSR Budget: Not available
Karmayog 2008 CSR Rating: 3/ 5
CSR activities:
Sharda Trust
The SHARDA Trust and the Narottam Lalbhai Rural Development Fund (NLRDF) are Arvind�s two arms for carrying out the Programmes for its �Corporate Social Responsibility.� In the previous year�s annual report we extensively reported the activities that the SHARDA and NLRDF carried out in the previous year and hence they are not repeated here and only the activities that these organizations carried out in the year 2007-08 are reported.
Salient features of SHARDA Trust�s activities during the year 2007-08
- Continuing its thrust on spreading the education of English, Mathematics and Computers in the city�s municipal schools, the Trust inaugurated a new centre in Municipal School located in Khanpur.
- The Trust spent about Rs.5 lacs for installing the latest computers and a LCD TV. In addition, the Trust spent approximately Rs.4.25 lacs for upgrading the infrastructure in the rooms where the Trust has set up its Educational Centre. Thus, the Trust total investment in the centre is about Rs. 9.25 lacs. Further, the Trust spent Rs.1.25 lacs for operating the centre during the year 2007-08.
- Besides the Trust�s strategy for spreading education among the city�s municipal schools, the Trust is continuing its efforts for helping the urban poor get secondary and tertiary health care. The world over it is now acknowledged that without health insurance a person cannot get the benefit of modern health care facilities. However, helping the poor get health insurance is not easy. Trust is preparing to start a pilot project for providing health insurance.
Narottam Lalbhai Rural Development Fund ( NLRDF)
World Food Programme
This project aims at increasing the awareness among the tribal about the conservation of forests and the need to make the optimal use of the forest products. In addition this programme aims at reducing the dependency on the forests by upgrading their skills so that the tribal community can participate in the other productive sectors of the Indian economy. Providing economic assistance to widows, who have very little
support from families.Under this programme the Foundation upgrades the skills of widows to make simple products that can supplement their meagre income. During the year 2007-08 the Foundation trained about 1500 women for making such products. In addition the Foundation gave to widows, kits worth Rs.41
lakhs for making the simple products. Training to Below Poverty Line members for earning alivelihood Here again the emphasis of the programme is on upgrading the skills of the poorest of the poor to make simple products and supplement their meagre earnings. In this programme the Foundation gave sewingmachines and other kits for making such simple products.
Training to leaders of sakhi mandals
Many taluka panchayats have formed self-help groups of women. However, their leaders have no formal understanding of financial accounting, doing business with banks and opportunities for promising economic activities. In a modern economy it is necessary that the leaders have at least a rudimentary understanding of the formal methods of accounting and systematic search for economic opportunities. Sensing, this need the Foundation provided a basic training to about 400 women
leaders.
Source: http://www.arvindmills.com/corporate_responsibility/overview.htm
www.arvindmills.com/investor/annual_financial_reporting.htm (Annual Report of �07-�08 pg 29 /30)
Contact Information:
Arvind Ltd.
Naroda Road
Ahmedabad � 380025
Gujarat
Phone no. : 79-22203030
Fax : : 79-22201270
Email : feedback@arvind.com
Website : www.arvindmills.com/home.htm
Industry Sector: Textiles
Products / Services: Involved in manufacturing and marketing cotton textile fabrics.
Other locations of factories / offices: Bangalore