Edelweiss Capital Ltd.
Sales (2007-2008) = Rs.1100 crores (rounded off)
Net profit after tax = Rs.273 crores (rounded off)
CSR Budget = 4.5 crore
Karmayog 2008 CSR Rating: 3/ 5
CSR activities:
EdelGive Foundation is the not-for-profit subsidiary of Edelweiss Capital Limited. EdelGive Foundation was formally registered as a Section 25 company in May 2008, in order to create an effective and efficient institutional platform within the Edelweiss family which would provide structure and direction to the philanthropic activities of Edelweiss, its employees, its clients and associates.
Edelweiss believes that a large part of the success of Corporate India is owed to the spectacular growth and vibrancy of the Indian economy, and its mass of educated, employable youth. Edelweiss also recognizes the need for corporate organizations and its employees to share the resultant growth in income and wealth with less privileged sections of society – those sections who have not had access to this growth, nor to education nor to basic amenities.
EdelGive Foundation, whose primary focus is therefore on creating educational and employment opportunities for underprivileged youth, brings an �investment banking and venture capital� rationale and thinking to the social sector. Edelweiss� strengths � the ability and expertise to act as a bridge between providers and users of capital – are leveraged to achieve the objective of addressing the needs of this sector.
Light of Life Trust, Project Anando:
- Project Anando, Light of Light trust is one of the High Involvement projects of EdelGive Foundation, which involves funding and capacity-building. The main objective of Project Anando is to give disadvantaged children access to an education and extra-curricular opportunities that are relevant and useful to their development.
- Project Anando works towards empowering such children by reinstating them in schools and equipping them with skills to live in mainstream society through workshops and interventions at the parent / guardian, peer group and community level.
- Edelweiss volunteers have worked with project Anando�s staff to develop their capacities in the areas of financial planning, strategizing and budgeting. EdelGive Foundation is funding the 1st phase of expansion of Project Anando into the Jalna District of Marathwada region, Maharashtra and has syndicated donors for co-funding Project Anando�s expansion into the regions of Vidarbha.
Outstanding Educational Excellence Development Program (OEEDP):
- The organization �Outstanding Educational Excellence Development program (OEEDP)� works in the area of supplementary education covering science-technology, math and geography for the students from lower socio-economic backgrounds.
- The project works to make the learning of science, maths and geography easy and enjoyable.
- The group of teachers is trying to move away from learning by rote to learning by experimentation and conceptual understanding. They have prepared tools and kits that aid observation, exploration and understanding of different scientific and mathematical theories
- J.L. Shirsekar Shikshan Sansthan is the trust running Mahatma Gandhi Vidya Mandir School in Bandra East. OEEDP uses this school�s infrastructure and has been running the program here for three years. Prior to this, OEEDP ran the program at Sane Guruji Arogya Mandir at Santacruz, Mumbai for five years. Funds disbursed from EdelGive Foundation have been used towards the salaries of OEEDP teachers.
NGOs supported in earlier financial years
Between FY 06 and FY 08, EdelGive funded 23 organizations to the tune of 1% of Edelweiss� net profits per year. These NGOs had a diversified recipient profile which primarily focused around the issue of education; youth and employability. The list of organizations is given below.
- Snehalaya, Ahmednagar
- Snehalaya, Solapur
- Mahaan Trust, Amravati
- Mumbai Mobile Cr�ches, Mumbai
- Bhagwan Mahavir Viklang Sahayak Samiti, Mumbai
- J.L. Shirsekar Shikshan Sansthan, Mumbai
- Light of Life Trust, Karjat
- Parivaar Education Society, Kolkata
- Samparc, Lonavla
- Samaritan Help Mission, Kolkata
- Operation Smile India
- Sparsh, Mumbai
- Sunbeam Trust, Mumbai
- Vanchit Vikas, Pune
- Bhagini Nivedita Gramin Vigyan Niketan
Edelweiss is partnering Kubera Partners, for the Kubera-Edelweiss Social Innovation Honours, to felicitate outstanding innovations that positively impact the status of the girl child, through the delivery of a service in the areas of education, health and nutrition, and employability. The total prize money is USD 60,000, and the primary objective of these honours is to demonstrate the promise of a better future for the girl-child, particularly significant in a patriarchal and tradition-bound society.
Non-governmental organizations in any part of India that focus on outstanding innovations that improve the delivery of services to the girl child, in the areas of education, health and nutrition and employability are eligible to apply for these honours.
Through these honours, we are looking at bringing attention to and leveraging support for organizations engaging in innovative projects on the issue of the girl child across India and at sharing these innovative ideas within the private, public and non-profit sectors, to encourage learning and sharing of experiences.
The entire process of the Kubera-Edelweiss Social Innovation Honours is being managed by EdelGive Foundation the not-for-profit subsidiary of Edelweiss
Source: www.edelcap.com/edelgive
Contact Information:
Edelweiss Capital Ltd.
14th Floor, Express Towers
Nariman Point
Mumbai – 400 021
Maharashtra
Phone : 22 2286 4400
Fax :
E-mail : edelgive@edelcap.com
Website : www.edelcap.com/
Industry Sector: Finance-Investment
Products / Services: Finance-Investment
Other locations of factories / offices: 19 offices round the country