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CSR Mahindra and Mahindra
CSR Mahindra and Mahindra
Mahindra & Mahindra Ltd was incorporated on October 2, 1945 with the name
Mahindra & Mohammed Ltd. The company was renamed as Mahindra & Mahindra
Ltd in the year 1948. The steel trading business was commenced in association
with suppliers in UK. In the year 1950, the company commenced the first
business with Mitsubishi Corporation and 5000 tons of wagon building plates
from Yawata Iron & Steel were supplied.
3. M&M has been making an impact through its ongoing CSR programs,
some of the notable ones include Project Nanhi Kali, which supports the
education of underprivileged girls.
10.It has created a Zero Fatality Corridor to ensure ‘zero’ deaths due to
accidents on Mumbai Pune Expressway.
Conclusion
With businesses focusing on generating profits, CSR was not a popular concern
among companies up until recently. With increased media attention, pressure
from non-governmental organizations, and rapid global information sharing,
there is a surging demand to involve into CSR at various level like conducting
sustainable business practices and doing social welfare activities. Mahindra &
Mahindra and Coca-Cola plays major role, in fulfilling their duties towards the
societal orientation segment. Their initiative helps their own company and also
others generating wealth and this way company also generates good revenues
from the wealthier and more loyal customers, and also increase their customer
base. In Conclusion, we can say that Social responsibility can go hand in hand
with great business profits and therefore, can generate win-win situations.