CSR

Corporate Social Responsibility Policy

For us at Jaquar Foundation, reaching out to underserved communities is part of our DNA. We believe in the trusteeship concept. This entails transcending business interests and grappling with the "quality of life" challenges that underserved communities face and working towards making a meaningful difference to them.

Vision

Our vision is – "to actively contribute to the social and economic development of the communities in which we operate. In so doing build a better, sustainable way of life for the weaker sections of society and raise the country's human development index".

All of our community projects will be carried out under the aegis of ‘Jaquar Foundation’.

Mission

“Swachchha, Swastha Awam Sikshit Bharat”

Identification of projects
All projects / programs will be identified in a participative manner, in consultation with the community based on a consensus and discussions with the concerned authorities, projects would be prioritized.

Presently, our focused projects are:-

1. Promoting Education amongst children from weaker / poor section of society. We will extend financial support to schools for their education.

2. Skill development – as our nation is in shortage of skilled plumbers, we will contribute to recognize Plumbing Institutes / Organisations for the training of interested youths in country. We will set up a Plumbing Academy in NCR region for imparting skill / advance training in Plumbing and allied areas.

3. Health care – we will sponsor hospitals / health institutes for the treatment of patients from underprivileged sections of society for various types of diseases.

4. Under Rural Development Program, we will construct public utility complex (toilets), night shelters, and training centres at various schools, public places in coordination, cooperation and consultation with the concerned Authorities.

Organisational mechanism and responsibilities

Jaquar Foundation initiatives and Rural Developmental activities will provide the vision under the leadership of Mr Rajesh Mehra, one of the Directors & Promoters of the group. This vision underlines all CSR activities. Jaquar Foundation has a Head-CSR, Mr Kanwar Shamsher who reports to Mr Rajesh Mehra, Chairman, CSR Committee. All the units CSR activities are governed by the Corporate office Plot No.3, Sector – 11, IMT Manesar, Gurgaon.

CSR Committee

To ensure un-interrupted implementation & compliance of various projects / programs undertaken, the company has formed the above committee which is comprised of the following Directors of the Company.

Mr Rajesh Mehra - Chairman

Mr S K Mehra -Member

Mr Ajay Mehra  - Member

Mr Parichay Mehra - Member

Budgets

The company will allocate the specific budget to the CSR division in the beginning of each financial year based on 2% of the average net profit of the company earned during the immediately preceding three financial years. The CSR division, thereafter, would freely utilize the fund for various identified projects / programs thereby extending its dedicated support to the society as a whole with respect to the CSR activities.

Our proposed expenditures for the financial year ending 31st March, 2015 are as follows:-

a) Public utility complex (toilets blocks)

We will construct above complexes at 10 locations (80 toilets) for which average cost per location works out to be approx. Rs. 13.60 lacs putting together it would be Rs. 1.36 crores.

b) Two Night Shelters measuring 20’x40’ for which average cost would be Rs. 10 lacs

each (20x40x1250/- per sqft) and putting together the total cost would be Rs. 20 lacs.

c) Revival of one Plumbing Training Centre named “SEWAK” under DRDA (District)

   Rural Development Agency), Gurgaon. The approx. cost would be Rs. 5 lacs.

d) We will sponsor to Don Bosco Technical Skill Training Centre at Bangalore. The total cost would be approx Rs. 20 lacs (Infrastructure set up –Rs. 12 lacs one time and Operational cost – Rs. 8 lacs per annum).

e) Patients Welfare Society – St. Stephens Hospital, Delhi

We will sponsor the above society for 2 beds for one year duration which means 120 patients per year. The average cost per patient is Rs. 30,000/- totaling to Rs. 36 lacs per annum.

f) Patients Welfare Society – Sir Gangaram Hospital, Delhi

We will sponsor for the treatment of poor patients to the tune of Rs. 10 lacs per annum.

g) Patients Welfare Society – St. Parmanand Hospital, Delhi

We will sponsor for the treatment of poor patients to the tune of Rs. 10 lacs per annum.

h) Patients Welfare Society – Sahayata Charitable Trust, Chandigarh

We will sponsor for the treatment of poor patients to the tune of Rs. 3 lacs per annum

i) We will sponsor the following NGOs / Schools for providing co-education to the underprivileged students of the society.

i) MDAV School, Chandigarh

Rs. 4 lacs per annum

ii) Prayas (NGO), Delhi

    Rs. 4 lacs per annum

iii) Sai Probodhini School, Delhi

Rs. 4 lacs per annum

Implementation schedule

Some of the above projects / programs are already in process and will soon come in the execution stage and will be completed by March, 2015 end.

Further, the implementation of the above projects / programs will be as follows.

i) All the toilet blocks, night shelters and revival of plumbing training centre (Sewak) above will be completed by March, 2015.

ii) Payment to the hospitals, Trust/NGOs and Schools will be made through cheques by 31st March, 2015.

Monitoring Process

All the CSR activities will be executed under the supervision of CSR Committee. Quarterly meeting of CSR Committee will be held for detailed discussions / reporting of various projects going on to the board of Directors.

Surplus arising from CSR Projects or Programs

There will be no Surplus from the CSR Projects or programs. However, in case any surplus arises out of the CSR projects or programs or activities, it shall not form part of the business profits of the company.