Corporate Social Responsibility (CSR) Activities

Promotion of Education

Under this initiative we undertake projects in govt. or trust schools that cater to underprivileged children. From building up infrastructure to set up of digital lab are part of this initiative. Modern facilities with hygiene factors are necessary to promote education among the marginalised kids. In FY 21, we constructed 9 toilets in govt. schools located in rural areas, installed a water purifier at a village school in Odisha and set up a digital lab for high school students in the Jalpaiguri district of West Bengal.

Hunger Free Education

One of the reasons that school drop outs in India continue to be high is what is termed Class Room Hunger! Magma has been working in this area for a few years now. Every year provide mid-day meals to nearly 6500 school kids at different government schools located in Kolkata, Nellore, Aurangabad, Jaipur, Jamshedpur, Faridabad and Delhi. We have a tie-up with ISKCON Food Relief Foundation as our implementation partner for this initiative. . Poonawalla has joined hands with NGOs to provide dry rations, stationery items, and hygiene kits to marginalised kids across the country when schools are closed in the current pandemic situation. In FY 21, we distributed happiness kit (including dry rations, nutrition supplements, stationery, exercise books, masks & sanitisers) to 7500 students. Since 2015 we have served 15.20 lakh mid day meal and touched the lives of over 33000 kids.

Scholar

Poonawalla believes in “Padhega India tabhi to aagey badhega India”. Under this scheme, Poonawalla supports bright students from under-privileged families to continue to live their dream by pursuing under-graduate studies at prestigious institutes. We have around 650 students enrolled in our scheme from various streams like Engineering, Medical, Humanities, Science, Commerce and Law at some of India’s best known institutions. Most of our first batch (2015) students have completed their college courses and received job offers from various Indian and overseas companies. The said students have now become the bread-earners for their families and helping the nation to grow. We have issued a letter for a fresh scholarship to 250 more students in 2020 and this will increase our students tally to 650.

Highway Heroes

One person dies every 3.5 minutes in road accidents on highways in India. The drivers’ fault account for 78.5% (3,81,648 accidents) of the accidents and more than 30% of the total road accident deaths are associated with trucks annually. Of the 1.5 Lac people who die due to accidents annually, most are the main bread-earner for their families (source: Report by Ministry of Road Transport & Highways).

Intending to improve Safety standards and awareness, Poonawalla Fincorp Ltd is running a training cum health & safety programme for the Truck drivers with the help of Petroleum Conservation & Research Association, Govt of India. Till Mar’21 we have conducted camps at more than 190 locations and have trained around 1.85 lakh drivers. The project has featured in the Limca Book of Records for educating the maximum number of drivers on Road Safety.

Swayam

Poonawalla has around 250+ branches with 7000+ staff across the country. To give CSR a holistic approach, we have decided to take at-least one project in a cluster, which is volunteered mainly by ‘Team Poonawalla’. Poonawalla has also provided emergency services to needy families during the COVID pandemic. Below are a few of the projects taken by the company towards the betterment of society in FY21: