CMC Ltd.
Sales (2007-2008) = Rs.970 crores (rounded off)
Net profit after tax = Rs.90 crores (rounded off)
CSR Budget = Not Available
Karmayog 2008 CSR Rating: 2/5
CSR activities: CMC Ltd. � A TATA Enterprise
CMC commits
CMC is committed to the highest standards of corporate governance and social responsibility. Rooted in theTata group’s long history of putting people before profits and policy of leadership with trust, CMC believes in being ethical and fair in its business dealings with all stakeholders — employees, customers, partners, investors and the community.
Going beyond mere compliance to government rules and regulations, it follows the law in letter and spirit. It subscribes to the Tata Code of Conduct and has devised policies to ensure its tenets are strictly adhered to.
CMC’s commitment to the community is manifest in the many projects such as health, education, livelihoods and women-children welfare.
The greater god
“The wealth gathered by Jamsetji Tata and his sons in half a century of industrial pioneering formed but a minute fraction of the amount by which they enriched the nation. The whole of that wealth is held in trust for the people and used exclusively for their benefit. The cycle is thus complete; what came from the people has gone back to the people many times over.”
� J R D Tata
The Tata group has a long tradition of community service and a strong sense of corporate sustainability. We at CMC are committed to honouring this heritage and improving the quality of life of the communities we operate in.
We work closely with the Tata Council of Community Initiatives (TCCI) to initiate programmes for development, education and healthcare. We have set up a core committee for corporate social responsibility to spearhead our efforts to integrate corporate sustainability concerns into the company’s values, culture, operations and business decisions, at all levels of the organisation.
The corporate sustainability committee’s key focus currently is education and healthcare for students and physically and mentally challenged individuals, especially those belonging to economically and socially under-privileged sections of society. To facilitate the implementation of these initiatives, regional teams have been set up under the chairmanship of general managers.
With the cooperation of Maitree, an organisation of CMC and TCS employees and their families, and CMC’s Staff Recreational Club, the corporate sustainability committee has already launched a number of important initiatives in the area of IT education, awareness programmes / seminars, and blood and eye donation camps. The committee is also supporting non-governmental organisations (NGOs) and institutes working for the blind and spastics.
Policy on Affirmative Action for SC/ST Communities
CMC Limited believes in social equality.
The Company adheres to the principle of equal opportunity, irrespective of caste, whether in recruitment or career advancement within the organization.
The Company is also committed to directly conducting or supporting initiatives to ensure an equal footing for socially and economically disadvantaged sections in the country at large, and specifically the Scheduled Caste (SC) and Scheduled Tribe (ST) Communities.
Towards the ultimate goal of enhancing their employability and entrepreneurship abilities, CMC Limited is committed to creating and promoting access to quality education and technical skills and competencies for members of the SC/ST Communities.
Further, to speedily enable these Communities overcome the social discrimination that has prevented them from realising their potential as productive members of Society, CMC Limited will assist members from these Communities for employment opportunities and as business associates, provided everything else (merit for employment; cost and quality for business associates) is equal.
Community Development (Annual Report pg. 10 -11 )
The Company has been actively promoting and supporting its staff members to volunteer for activities related to community services. The Company has chosen to focus its efforts towards helping under privileged and physically challenged children to overcome their shortcomings by organizing medical checkups, sports activities and also helping their institutions with volunteers and financial support. During the year under review, your Company also organized a �Special Athletic Event 2007� for the mentally challenged children.
The Company participates in the community development programmes at the Tata Group level. The Company believes in social equality and has adopted a policy on Affirmative Action for Scheduled Castes and Scheduled Tribes Community. The Company also participated in the programme of Forum for Academic Access and Excellence (FAAE), a Delhi based society, in providing scholarships to meritorious students from poor families.
Source:
www.cmcltd.com/investor_centre/financial_reports/downloads/Annual_Report_2007-08.pdf
( Annual Report �07 � �08, Pg. 10-11 )
www.cmcltd.com/CMC_commits/csr.htm
http://www.cmcltd.com/about_us/community_initiatives.htm ( Community Initiatives )
Contact Information:
CMC Ltd.
CMC Centre
Old Mumbai Highway Road,
Gachibowli,
Hyderabad � 500 032
Andhra Pradesh
Phone No. : 40-6657 8000
Fax : 40-2300 0509
Email : gmrnd@cmcltd.com
Website : http://www.cmcltd.com/
Industry Sector: Computers
Products / Services: CMC Limited is a leading IT solutions company and a subsidiary of Tata Consultancy Services Limited .
Other locations of factories / offices: New Delhi, Bangalore, Kolkata, Ahmedabad, Chandigarh, Chennai, Jaipur, Pune, Vadodara, Lucknow, Visakhapatnam in India
USA, UK, UAE
Previous year�s CSR activities &rating www.karmayog.org/csr500companies/csr500companies_7578.htm