CSR

The Mission:

To contribute to bring about a positive change in our society and use the available technological resources to enhance our reach.

Activities:

Installing of Dialysis Machines at YCM Hospital in Pune in the memory of our Founder Director Late Shri Om Prakash Monga. The action is partnered by Rotary Club District 3131 and funds are donated to their District Welfare Fund.

Approach/Implementation

We strive to implement the CSR activities on our own strengths to the extent possible. We also recognize the need to partner with organisations who have similar objectives, registered as a Charitable Trust or a Section 8 company under the Companies Act, 2013 or a Society or NGOs or any other form of entity incorporated in India that performs/specializes in CSR activities.

Funding

The corpus for the CSR activities is an amount, 2% of the average net profit of the Company in the preceding three financial years.

Monitoring

A CSR Committee is established to provide regular progress report to the Company's Board.

The report would indicate:

  • achievements in the preceding three months compared to target and reasons for variance.
  • achievements of the year-to-date compared to target, and plans to overcome shortfalls and support required for the CSR Committee in the matter.
  • actual year-to-date expenditure compared to the budget and reasons for variance.
  • a monthly progress report for activities partnered by Trust/Society/NGO's etc..The Board reviews the progress report from the CSR Committee on a quarterly basis.