Indoco Remedies Ltd
Sales (2007-2008) = Rs.260 crores (rounded off)
Net profit after tax = Rs.30 crores (rounded off)
CSR Budget: Not available
Karmayog 2008 CSR Rating: 1/ 5
CSR activities:
The company realizes its social responsibility and during the year has participated in various social activities such as education of needy, home for elderly, by contributing in kind or cash. Indoco has also supported initiatives at National /local levels aimed at improvement of environment. Indoco will continue to contribute its mite towards well meaning social causes.
At Indoco Remedies, we believe that any high performance sustainable organization rests on the three pillars of Economics, Society and Environment. To be a truly sustainable organization, in the broadest definition of its terms, an organization must perform well across all three dimensions.
As a company, we entirely believe in healing several lives, but also understand our responsibility towards the welfare of human life.
Scholarships: With the avowed aim of helping the needy and deserving students wanting to undertake post graduation/ higher studies in Pharma Science in India and abroad, the company through the Suresh Kare-Indoco foundation sponsors the scholarships.
Working with NGO�s: The company is conscious of its responsibility towards the society and remains committed to working with NGO’s as well as sponsoring various social & cultural events.
Financial Aid: On July 11, 2006 evening, a ghastly incident of about seven bomb blasts occurred in different local trains plying in the Western Suburbs of Mumbai, taking a toll of about 200 innocent lives, and destabilizing their family life completely.
Suresh Kare – Indoco Foundation, in pursuit of its objective of helping the social cause of providing educational aid to the needier in the community, has planned to lend its helping hand in at least partially redressing the hardships faced by the children of those innocent victims, by providing financial aid in support of the continuing studies of such children.
The financial aid to the beneficiary Rs.10,000/- (Rupees Ten Thousand) per annum/ per children towards the education fees, uniform, text-books, note-books, stationery, etc. required in relation to the education of the beneficiary children.
Source: Annual Report �07-�08 pg 22
www.indoco.com/social.asp
Contact Information:
Indoco Remedies Ltd
Indoco House, 166, C.S.T road, Kalina
Mumbai – 400 098
Maharashtra
Phone : 22-26541851/55
Fax : 22-26523067
Email : info@indoco.com
Website : www.indoco.com/
Industry Sector: Pharmaceuticals – Indian – Bulk Drugs & Formulation M/S
Products / Services: Indoco Remedies is engaged in the manufacturing and marketing of Formulations (Finished Dosage Forms) and Active Pharmaceutical Ingredients (APIs) in India.
Other locations of factories / offices: Plants in Aurangabad, Baddi, Patalganga, Rabale, Tarapur, Goa.