Company: Thermax Ltd
Income 2005-2006 =Rs 950 Cr (rounded off)
Net profit after tax (05-06) = Rs 50 Cr (rounded off)
Karmayog CSR Rating-2/5
CSR activities:
Thermax Limited
This is my third AGM since my mother, Anu, stepped down as Chairperson. These three years have been great learning experience for me. I have imbibed that in our success we cannot lose sight of our cherished values of integrity, transparency and social awareness. These values have given Thermax the differential edge, which all of us in Thermax are proud o� After all, as my father always drilled into us: “Profit is not a set of figures, but of values.”
The reality beyond the economic boom can he quite sobering. Access to basic education and health can make a big difference in empowering sections which are left out from the benefits of liberalization of the economy, leading to a more “inclusive” model of growth. Corporate India is showing greater sensitivity to corporate social responsibility (CSR), yet there is much to be done.
I am happy to inform you that we have recently formalised the Thermax Social Initiative Foundation and have decided to primarily concentrate our efforts and resources on education for the underprivileged. We believe that good education is a great leveler and can bridge the gap between the haves and the have �nots. As Amartya Sen has so well pointed out, “Poverty is deprivation of basic capabilities rather than merely a lowness of income.” The Foundation has been able I to partner with the Pune Municipal Corporation (PMC) for taking over and running an English medium school for gifted children, for the next 30 years. We have appointcd the Principal and the teachers, repaired and renovated the academic year on June 15th. We are very grateful to the NGO Akanksha, who have partnered us by bringing creativity and new teaching methods to our school. I have to thank Ann who has really converted her dream into reality, with the start of this project.
Our focus is to develop products and services that are energy efficient and environment friendly. We are constantly working on becoming better, faster and more cost-effective
Touching response
CSR for Thcrmax is not just writing out a cheque, but having our employees participate in our social initiatives. Just to share with you, about two weeks ai;o there was a need for about eight volunteers at the school to help out with variuus chores. With a single mail sent out by our Outreach Manager, we received over 60 names as volunteers – a very touching response. Now, every Saturday we need volunteers at the school and I would hope that many more of our employees and their families would get involved.
Amount spent on CSR : No information regarding the amount spent on CSR was available on the homepage.
Contact details:Thermax Ltd
Dhanraj Mahal, 2nd Floor,
Chatrapati Shivaji Maharaj Marg,
Mumbai-400 039
Ph:022-22045391, 22045324
Fax:022- 22040859
Email:info@thermaxindia.com
Web address : http://www.thermaxindia.com