Case Study - CSR initiatives of Thermax

Thermax believes that corporate organisations should think beyond profit and
reach out for the wellbeing of the larger society. Guided by the vision of its
founder Chairman Rohinton Aga - 'profit is not just a set of figure but of values'
Thermax believes that corporate organisations should think beyond profit and
reach out for the wellbeing of the larger society. Guided by the vision of its
founder Chairman Rohinton Aga - 'profit is not just a set of figure but of values' over the years, Thermax has worked on a modest CSR agenda to fulfill its
obligations to its wider circle of stakeholders including the communities in which
it operates.
The CSR programme of the company got a formal structure and a governing
body when the Thermax Social Initiative Foundation (TSIF) was formed in March,
2007 as a not-for-profit body registered under Section 25 of the Companies Act.
Convinced that education can be the best enabler to come up in life, the
Foundation has decided to primarily focus on initiatives in this crucial area.
Thermax, as a part of its social obligation, is committed to
Provide quality education to the underprivileged children.

Create an environment that respects the communities and the natural

environment.

As a signatory to CII's initiative on affirmative action, work to achieve the

defined objectives.

Involve and encourage employees and their families to participate in the

various social initiatives of the company.

Says Anu Aga, Director and former Chairperson, "I would like our company to
play a bigger role in community affairs with complete adherence to the tenets of
good corporate governance. We will actively commit ourselves to initiatives that
can help improve the quality of life of the communities in which we live and
work."
Education for Change

Under the aegis of Thermax Social Initiative Foundation (TSIF), Thermax has signed a
memorandum of understanding (MOU) with the Pune Municipal Corporation (PMC) School
Board for a period of 30 years. TSIF, in partnership with the NGO Akanksha, today runs
and manages two schools for children from low-income families where they are provided
free, good quality education. Thanks to the drive, passion and commitment of the school
staff and Akanksha, this has developed into a replicable model.