Company: Mastek Ltd
Income 2005-2006 = Rs 250 Cr(rounded off)
Net profit after tax (05-06) = Rs 50 Cr (rounded off)
Karmayog CSR Rating- 2/5
CSR activities:
According to one definition, Corporate Social Responsibility is “achieving commercial success in ways that honour ethical values and respect people, communities and the natural environment”. A company should aim to go beyond the narrow confines of the quarterly report and the bottom line. It must view its relationships with shareholders and stakeholders — customers, employees, government, community groups and suppliers — in a wider social and ethical context.
CSR is one of the pillars of good governance for any business enterprise. It is an integral part of business strategy and should permeate throughout the organisation and across supply chains. Mastek takes its corporate social responsibility very seriously. Our stakeholders can be visualised as a hexagon that is exerting competing pressures. The hexagon is made up of customers, employees, suppliers, shareholders/ investors, government and the environment/ community. At its centre is the Mastek Board, comprising four independent directors and four promoter directors.
Mastek Foundation Foundation Mission
We inspire global communities and institutions associated with social development issues to make a difference through informed giving and responsible receiving
Ashank Desai – Chairman, Mastek
“The mission of Mastek Foundation is to inspire as many individuals and corporates to come forward and contribute to the social sector. As informed givers, there is a long way to go. But we are confident that with a clear vision and direction we will make this happen “
Programme on Informed Giving
Many researches have indicated that corporates and individual corporate managers, want to give back to communities. The issue is knowledge on whom to give and how to give. Mastek Foundation’s programme on informed giving helps participants take informed decisions on financial and nonfinancial giving.
Programme on Responsible Receiving
An online / offline programme to share the corporate governance practices with NGOs with the end purpose of learning for and from NGOs on Governance Issues. The programme will also facilitate Corporate Board Members to be on NGO Boards for cross sectoral benefits
Environment :
As an IT software and services company, Mastek belongs to an inherently non-polluting industry. Neither the company’s products nor their production process generate any industrial waste or emissions. Regulations governing air pollution are not applicable to the context in which the company operates. There is no cause for water pollution by the company either. Even so, Mastek takes care to avoid any kind of environmental pollution through its actions.
Amount spent on CSR : No information regarding the amount spent on CSR was available on the homepage .
Contact details : Mastek Ltd
Mastek Ltd. – Head Office
#106,SDF IV,
SEEPZ Andheri (East),
Mumbai – 400 096,
India
Tel : +91 22 6695 2222
Fax : +91 22 6695 1331
Email : sanjaym@mastek.com/rahulsp@mastek.com
Website: http://www.mastek.com
URL : http://www.indianngos.com/mastekfoundation/mastekfoundation.htm