Company: Finolex Industries Ltd
Income 2005-2006 = Rs 845 Cr (rounded off)
Net profit after tax (05-06) = Rs 100 Cr (rounded off)
Karmayog CSR Rating- 2/5
CSR activities:
Our company has been proactively discharging its social responsibilities in the areas of community development, health, education, social welfare in the rural areas, sports, cultural activities etc. with special focus on Ratnagiri and surrounding areas.
Social Welfare
As a good corporate citizen, your company contributed handsomely for the Village Golap water supply scheme supported by Government of Maharashtra. Your company also gave donations to civic bodies for improving their infrastructural and other facilities. Your company also supported religious and other charitable trusts for conducting annual rituals. Your company has also extended financial support for construction of a mandir at Golap.
Education
Members are aware that Finolex group discharges its social responsibility towards education through Hope Foundation, a charitable trust. Finolex Academy of management and Technology was established in the year 1996 by Hope Foundation at Ratnagiri especially for the benefit of the students from rural areas around Ratnagiri.
The Academy has achieved recognition as a seat of learning during its impressive and successful existence of a decade. Withy its humble beginning with sixty students, the Academy has grown to 1000 students and sixty faculty members with outstanding ratio of one faculty after every 16 students.
Your Company has been supporting the Academy since its inception. Your Company’s support has always been in all areas especially in accommodating the students and faculty members in the Company’s housing colony at Zadgaon resulting into substantial saving for the Academy, the amount saved is deployed for academic growth. The presence of your Company’s PVC/Pipes manufacturing plant at Ratnagiri is a boon for the academy since the Academy’s needs of on the job training , industrial training, factory visits, support to library are fulfilled satisfactorily. Your Company has always absorbed the deserving students in the PVC/Pipes manufacturing plant. Academy is looking forward to introduce chemical and automobile engineering courses.
To commemorate the Silver Jubilee of the Company, the Company has installed” Silver jubilee Trophy and Cash Award” of Rs.5000, Rs.3000 and Rs.2000 to the first three students securing the highest marks in the final examination of B.Sc. (Agri.) respectively commencing from the academic year 2006-2007, initially for a period of five years, in eleven agricultural colleges affiliated to the universities of Akola, Dapoli, Prabhani and Rahuri.
Medical
During the year, your Company supported free medical check up camps, pulse polio programmes, free distribution of medicines and spectacles. Your Company extended substantial support to the physically challenged resident of village Golap for medical treatment.
The company also had a project called : Kalpana Mammography Centre, Pune :The Hope Foundation was a pioneer in the establishment of a well equipped Kalpana Mammography Centre in Pune for early detection of breast cancer. The Centre was inaugurated in August 1993 by Smt. Pratibhatai Pawar, wife of the then Chief Minister of Maharashtra, Shri Sharadrao Pawar. The Centre is effectively working with its team of Radiographers under the guidance of a panel of eminent Radiologists and has done more than 8000 mammographies so far.
It provides free medicines including life-saving drugs and treatment such as chemotherapy to the economically backward members of the society mainly to fight the scourge of cancer and related diseases. The Foundation also provides financial assistance to enable treatment of cancer. The Foundation continues to distribute costly life-saving drugs for the poor cancer patients irrespective of their caste, creed or social status on the recommendation of recognised medical/surgical specialists without any motive for profit. Services are provided free of charge to the poor and with concession to those who can afford to pay.
AIDS Project
Now the Foundation is assisting University of South Florida, USA and Ruby Hall Clinic, Pune, in a project to build local capacity and make Indian Medical Scientists self-sufficient to conduct activities independently through training and research. The goal of this project is to continue and strengthen medical, public health, biomedical and behavioral training programs to further Infectious diseases and HIV/AIDS research and prevention in India.
Sports
Your Company rendered financial help to Ratnagiri District Cricket Association for conducting Ranjee Trophy Cricket Tournament at Ratnagiri, and supported various local level sports competitions.
Cultural Activities
Your Company sponsored various cultural activities in and around Pune and Ratnagiri.
Amount spent on CSR : No information regarding the amount spent on CSR was available on the homepage .
Contact details : Finolex Cables Ltd
26-27, Mumbai-Pune Road
Pimpri Pune – 411018
Tel: 91-020-27475963
Fax: 91-020-27472239
Email: sales@finolex.com
Web address :www.finolex.com