Professional Documents
Culture Documents
J-COMPONENT
REVIEW-1
COMPANY NAME - MAHINDRA AND MAHINDRA LTD
TEAM MEMBERS:
19BBA0050 AMITH
19BBA0053 KIRTHIKA
19BBA0055 HARSHITHA
19BBA0059 PALAKH
19BBA0061 GRESHMA
19BBA0065 SHREYA
19BBA0067 MADHAVAN
19BBA0069 VASEEGARAN
BRIEF HISTOTY
MAHINDRA AND MAHINDRA LIMITED
• Two-wheelers
STAGES OF DEVELOPMENT
1948-1962
• Mahindra & Mohammed becomes Mahindra & Mahindra
• Ghulam Mohammed moves to Pakistan post partition and goes on to become the country's first Finance
Minister. Mahindra & Mohammed subsequently changes its name to Mahindra & Mahindra.
• M&M ties up with International Harvester, USA manufacturer of agriculture machinery ,trucks, automobiles
etc for the manufacture of trucks
• Mahindra Ugine Steel Company (MUSCO) formed. It is a joint venture to manufacture alloy steel.
1963-1983
• Keshub Mahindra appointed as Chairman after the demise of co-founder, Kailash Chandra Mahindra
• The very successful International Tractor Company of India merges with M&M and becomes its tractor
division
• Mahindra becomes the largest selling tractor brand in India, and it’s holding the position for three decades
now.
1986-1996
• Mahindra enters the telecom IT services space the company that later became 'Tech Mahindra'.
• Mahindra Group reorganises into six Strategic Business Units: Automotive, Farm Equipment, Financial
Services, IT, Infrastructure Development Services and Steel Trading.
• Dr. J. Jayalalithaa, Chief Minister of Tamil Nadu inaugurated 'Mahindra World City' in Chennai.
• Mahindra Rise
To create India’s largest automobile and its related products distribution network by providing dealers and
customers with the largest choice of unique world-class products and services.
To make Mahindra and Mahindra Limited known world-wide for its products.
“We don’t have a group wide mission statement. Our core purpose is what makes all of us want to get up and
come to work in the morning”.
- ANAND MAHINDRA
• Professionalism
• Customer first
• Quality focus
• Integrity
Vision:
Indians are second to none in the world. The founders of our nation and of our company
passionately believed this. We will prove them right by believing in ourselves and by making
M&M Ltd, known worldwide for the quality of its products and services.
Mahindra wants to be the top 10 automotive brands in the world. “The lifecycle of automotive
products is reducing very fast”. “The customers are very demanding and their needs changes
rapidly”. For driving growth in business, we need a new product pipeline. Mahindra is
positioning itself to engineer those products by itself. It is even feeling emboldened to take
calculated risks, as it did with the XUV- 500’s infotainment system, which also faced some
teething
troubles.
PRODUCTS AND SERVICES OFFERED
BY M&M
Products:
• Mahindra & Mahindra has a huge product mix with product lines of personal vehicles, commercial vehicles,
electric vehicles, application trucks, trucks, light trucks and buses.
• Mahindra Bolero has been the one of the best UVs in India.
• Bolero pickup has been a pioneer in the market for the last ten years now.
• Mahindra & Mahindra trucks are known to be powerful, durable and reliable.
• They come in vibrant colors ranging from dazzling silver, fiery orange to flamboyant red and midnight black.
• Cars such as Scorpio, KUV100, XUV 500, Quanto, Xylo, Rexton, Korando, Kyron offer a
lot of modern features with the toughness that Mahindra promises.
Customization Services:
• They take pride in being a consumer-centric organization. now., they have become the
first Indian automotive manufacturers to give a unique experience.
• They are in fact the only manufacturer in insia to pursue automotive customization.
• They transform the mass produced vehicle into an expression of their own tastes, needs
and personality.
Design services:
• They focus on style, engineering, CAE (computer-aided engineering),prototypes, and project management to
partner with the clients from start to finish.
• They handle regulatory compliance with ECE, CEE, FMVSS, and AIS standards and ensure part
manufacturing and plant process compliance.
• They test static and dynamics like bending and torsion stiffness, multibody analysis and CFD (computational
fluid dynamics).
• Monitors lifetime performance from NVH (noise, vibration and harshness) to fatigue and durability.
• It conducts comprehensive safety tests and simulate manufacturing processes like auto form and moldflow.
BOARD OF DIRECTORS OF
M&M
Mr. Keshub Mahindra Mr. Anand G. Mahindra Mr. Vijay Kumar Sharma Dr Pawan Goenka
Chairman Emeritus Executive Chairman Nominee Director Managing Director
Mr. Vikram Singh Mehta Mr. M. M. Murugappan Dr. Vishakha N. Desai Mr. Nadir B. Godrej
Independent Director Independent Director Independent Director Independent Director
Responsible business practices include being responsible for our business processes,
products, engaging in responsible relations with employees, customers and the
community. Hence, for the Company, Corporate Social Responsibility goes beyond just
adhering to statutory and legal compliance to creating social and environmental value
for our key stakeholders.
▪ Ensuring that in each financial year the Company spends at least 2% of the average net
profit before taxation excluding profits arising from overseas branches made during the
three immediate preceding financial years.
▪ Ensuring that every financial year funds committed by the Company for CSR activities
are utilized effectively, and regularly monitoring implementation.
▪ Disclosing in its Annual Report the names of CSR Committee members, the content of
the CSR policy and ensure annual reporting of its CSR activities on the Company
website.
• Education
• Healthcare
• Facilitation of Empowerment
• Water and Sanitation
• Skill Development
• Preserving the ecosystem
• Preservation Ethnicity
CONCLUSION
• Today, the Indian automobile industry presents a galaxy of varieties and models meeting
all possible expectations and globally established industry standards.
• Now, after 65 years, Mahindra has grown from a humble local outfit to a US $15.4
billion corporation employing more than 144,000 people around the world.
• It’s been quite an adventure so far, and they’re proud of our global leadership in utility
vehicles, tractors, and information technology, as well as our significant presence in
financial services, leisure and hospitality, engineering, trade, and logistics. As they
accelerate into the 21st century, they’ll continue to pursue innovative ideas that enable
people to rise. They’ve come a long way, but the journey has just begun.
THANK
YOU
BMT 1019
Slot F1
CSR J Component
Submitted By:
19BBA0050 Amith
19BBA0053 Kirthika T.D.
19BBA0055 Harshitha
19BBA0059 Palakh
19BBA0061 Greshma
19BBA0065 Shreya OS
19BBA0067 Madhavan
19BBA0069 Vasikaran A.V.
Introduction
to CSR
Corporate social responsibility (CSR) is
also often referred to as business
responsibility and an organisation's
action on environmental, ethical,social
and economic issues.
CSR can be described as an approach by which
Introduction
a company does the following:
• Recognises that its activities have a wider impact
CSR
implementing CSR or those with ethical business
practices, which can lead to increased sales, a larger
audience reach, and free positive publicity.
• Financial success relates to the ethical conduct of a
company, its environmental impact and connections to
the communities it operates in.
• The impact of launching CSR in a company, consider the
philosophy of Jeaneen Zappa, a County Sustainability
Manager who said, “The fundamental principle of
sustainability is as a frame of reference for a triple
bottom line: Profit, people and impact.
CSR Committee
Mahindra’s Corporate Social
Responsibility (“CSR”) is
committed to ‘building
possibilities’ for socially and
economically disadvantaged
communities to enable them
to ‘RISE’ above their limiting
circumstances.
CSR Committee
CSR • The CSR Committee comprises of Dr. Vishakha N Desai
(Chairperson), Anand G Mahindra, RK Kulkarni, Dr
Mahindra
&
Mahindra
Vishaka N
Desai
Dr. Vishakha N. Desai is an Non-Executive
Independent Director of Mahindra And
Mahindra Limited. She is the recipient of five
honorary degrees and holds a B.A. in
Political Science from Bombay University
and an M.A. and Ph.D. in Asian Art History
from the University of Michigan. Dr.
Vishakha N. Desai was first appointed as a
Director on the Board of the Company on
30th May, 2012.
Chairperson
Anand G. Anand G. Mahindra, Chairman, Mahindra Group graduated with
Mahindra
Honors (Magna cum laude) from Harvard College, Cambridge,
Massachusetts, in 1977. In 1981, he secured an MBA degree from
the Harvard Business School, Boston, Massachusetts. He
returned to India that year and joined Mahindra Ugine Steel
Company Ltd (MUSCO), the country’s foremost producer of
specialty steels, as Executive Assistant to the Finance Director. In
1989, he was appointed as the President and Deputy Managing
Director of the company. Today, the Mahindra Group is a $ 16.2
billion organization and one of India’s top 10 industrial houses.
Mahindra has evolved into a socially and environmentally
responsible global federation of companies with a leading
presence in each sector in which it is present. Anand Mahindra is
included in Fortune Magazine’s list of The World’s 50 Greatest
Member Leaders in 2014. Fortune magazine also named him as one of the
top 25 most powerful business people in Asia for the year 2011.
Pawan Kumar
Goenka Goenka joined Mahindra in October 1993 as the general
manager, R&D. He was appointed as the chief operating
officer for the automotive sector in April 2003. In
September 2005, he became the president of the
automotive sector and by April 2010 he was the president
of the automotive and farm equipment sectors. "He was
appointed to the post of Executive Director of Mahindra
&Mahindra in 2013 and in April 2014, he took over the
additional responsibility of the two wheeler business. In
Nov 2016 Dr. Pawan Kumar Goenka was elevated to the
post of Managing Director of M&M."
Member
R.K. Mr. R.K. Kulkarni is an Independent Director of the
Company. He is a practicing Advocate and Solicitor and is a
Kulkarni Senior Partner in Khaitan and Co., . He holds Masters
degree in Law from University of Mumbai. Having been in
the legal arena for nearly four decades, Mr. Kulkarni has
experience as a legal practitioner particularly on matters
relating to foreign collaborations, joint ventures, mergers
and acquisitions, capital markets, public offerings for
listing of securities in India as well as in international
markets, infrastructure projects, etc. He is a Senior Partner
of M/s. Khaitan & Co., one of India’s law firms and heads
their Mumbai office. He is on the Boards of several listed
companies as an independent director. He is also a
member of the Advisory Committee and also a faculty
Member member of the Post Graduate Diploma Course in
Securities Law at the Government Law College, Mumbai.
Vikram Singh
Mehta
Mr. Vikram Singh Mehta was first appointed as a
Independent Director on the Board of the Company on
30th May, 2012. Mr. Mehta completed his Bachelor’s
Degree in Mathematics(Hons.) from St. Stephens College,
Delhi University. He has a Master’s Degree in Politics and
Economics (Hons.)from Magdalen College, Oxford
University, UK and a Master's Degree in Energy Economics
from the Fletcher School of Law and Diplomacy, Tufts
University in USA.
Member
Legal
Implications From April 1st ,2014 in line with the New Companies
Act,2013, Mahindra & Mahindra Ltd. Pledges to
contribute at least 2% of the average Net profits of
the company made during three immediately
proceeding financial years specifically towards CSR
initiatives. For this purpose, the Net Profit and Average
net profit shall be calculated in accordance with the
provisions of section 198 of the act read with the
companies (CSR policy) rules,2014.
The company may spend total 5% of total CSR
expenditure in one financial year on building CSR
capabilities.
Legal • In case there is an unspent amount from out of 2% average
net profit of the company made during the three
Implications
immediately preceding financial years, the board of company
may decide to carry it forward to the next financial years.
• The surplus arising out of the CSR Activities will not be
considered as the part of the business profits of the company.
• All CSR projects must be aligned as prescribed in Schedule VII
of the Companies Act,2013.
• It is also made clear that in case of its failure to spend this
amount on CSR activities, the Board would specify the
reasons for not spending the amount in its report section
134(3)(o) of the Act.
• According Schedule VII of the Companies Act, a CSR
Committee has been constituted by the board of directors
playing a major roles.
CSR © The company has set up CSR council/departmnet
which is responsible for the implementation of the CSR
Department
and financial monitoring.
• The council will review the strategy from time to time and
may recommend new focus areas and projects as and when
#1 Project Hariyali
The Company has contributed some amount for promoting Sector/Beneficiaries Environmental
green energy through collaboration with IIT(M)'s COE- Centre Sustainability,
for Battery Operation for promoting use of Bio Gas produced The society
through Canteen Waste for Hospital, LED lighting. The Company Budget INR 1.71 Cr
is also supporting Nature Guardian Program to build a
sustainable future for the planet, people, children, women and About IIT Madras,
wildlife.The project location were Tamil Nadu, Maharashtra, administration Loknayak Jayprakash
Punjab, Delhi. Narayan Leprosy
Eradication Trust,
ESL, World Wide
Fund for Nature-
India jointly
implemented the
project.
Duration 2018-19
(on going)
#5 Mahindra Scholarships
for UWC Students
Financial Year 2019 was a milestone year for the Mahindra Pride Sector/Beneficiaries Education,
Programme, with the Mahindra Pride Classrooms crossing the 1,00,000 Employability and
Livelihoods
outreach mark. Through 2,597 Mahindra Pride Classrooms, 1,19,349 youth Enhancement
from ITI’s, Polytechnics and Arts & Science colleges were trained in Budget INR 11.80 Cr
English, Lifeskills and job preparedness, across 14 States. Of these 79,566 About Naandi Foundation,
Administration KC Mahindra
students were supported by the Company. The Mahindra Group also Education Trust
supported 9 Mahindra Pride Schools through which 6,561 youth from Duration 2007-Present
socially and economically disadvantaged communities were trained in Impact Provision of quality
education to the
ITES, Retail Hospitality & Auto Service and 100% of them were placed in
deprived sector of
lucrative jobs. The Company supported 5 Mahindra Pride Schools in the society.Around
79,566 students
Chandigarh, Chennai, Srinagar, Hyderabad and Varanasi through which
benefitted out the
3,108 youth received livelihood training. project.
Competitors To
M&M
Ashok Leyland Ltd.
Leyland
Group
₳ It is the second largest commercial vehicle manufacturer in
India, fourth largest manufacturer of buses in the world and
LeyLand
Ensuring Environment 3.26 Cr
sustainability
(with budget)
CSR The CSR projects are implemented through the HINDUJA
FOUNDATIONS. The Foundation has supported a number
Ashok
nation, particularly projects presenting and highlighting
the everlasting progressive values of the Indian
-
wellbeing and healthcare, like long-term social welfare
measures, swift help in times of crises and undertaking
Ashok
2016-2017 8.33 Cr 8.14 Cr
0
2016-17 2017-18 2018-19 2019-20
Prescribed Actual
Aspect 2016-17 2017-18 2018-2019
Allocation of Education
(in million) (in million) (in million)
384.5 341 468
CSR funds[₹] Health 103.6 234.2 150.8
spending
2016-17
- RURAL
Key areas
DEVELOPMENT
28%
2016-17
EDUCATION
46%
ENVIRONEMNT
6%
SOCIAL
8%
HEALTH
12%
spending
2017-18
RURAL
-
DEVELOPMENT
6%
ENVIRONMENT
9%
2017-18
42%
14%
HEALTH
29%
spending
2018-19
-
RURAL
DEVELOPMENT
16%
2018-19
9%
SOCIAL
26%
HEALTH
12%
of the CSR
Initiatives EDUCATION
(no. of people)
19,053 1,43,992 1,65,291
CONCLUSION
Impact of Improved
CSR Quality
- Better
Employment
Opportunities
Social
Activation
Society
BENEFITS
Higher
Sense of
Standard of
Security
living
Economic
Development
Impact of
CSR
Energy Saving
Waste Reduction Greener products
Measures
-
Environment
Changing Office Culture Recycling
Submitted by
19BBA0050 Amith
19BBA0053 Kirthika T.D.
19BBA0055 Harshitha
19BBA0059 Palakh
19BBA0061 Greshma
19BBA0065 Shreya OS
19BBA0067 Madhavan
19BBA0069 Vasikaran A.V.
COMPANY PROFILE:
At least 70% of IBMers are based outside the United States, and the country with the largest
number of IBMers is India. IBM employees have been awarded five Nobel Prizes, six Turning
Awards, ten National Medals of Technology (USA) and five National Medals of Science (USA).
IBM has one of the largest workforces in the world, and employees at Big Blue are referred to as
"IBMers". The company was among the first corporations to provide group life insurance (1934),
survivor benefits (1935), training for women (1935), paid vacations (1937), and training for
disabled people (1942). IBM hired its first black salesperson in 1946, and in 1952, CEO Thomas
J. Watson, Jr. published the company's first written equal opportunity policy letter, one year
before the U.S. Supreme Court decision in Brown vs. Board of Education and 11 years before
the Civil Rights Act of 1964.
In 2015, IBM started giving employees the option of choosing either a PC or a Mac as their
primary work device, resulting in IBM becoming the world's largest Mac shop. In 2016, IBM
eliminated forced rankings and changed its annual performance review system to focus more on
frequent feedback, coaching, and skills development.
At December 31, 2019, they continued to have the financial flexibility to support the business
over the long term. Cash, restricted cash and marketable securities at year end were $9,009
million. They continued to manage the investment portfolio to meet our capital preservation and
liquidity objectives.
IBM is practicing on significant public policy issues, such as protection of the environment,
corporate social responsibility, sustainability, and philanthropic contributions. IBM reviews and
considers stockholders proposals, including those who are dealing with the issues of public and
social interest
IBM board of directors of CSR
Sidney Taurel
Michelle J. Howard
As a global information technology company, IBM has many stakeholders in various areas of
society. These stakeholders have interests in the different aspects of the business, thereby
requiring a multi-pronged corporate social responsibility strategy. For example, the company’s
CSR strategy must include initiatives for investors as well as programs for the environment, such
as sustainability programs. In aiming for corporate citizenship, IBM addresses its corporate
responsibilities to the following stakeholders:
Environment:
IBM considers the environment as its most significant stakeholder. Such significance is based on
the dependence of the supply chain on resources from the natural environment. IBM’s corporate
social responsibility strategy should emphasize sustainability to address this stakeholder. In this
case, the company has multiple programs to support environmental protection and conservation.
Communities:
Suppliers:
IBM’s corporate social responsibility strategy involves standards and policies for corporate
citizenship in the supply chain. The company’s corporate social responsibility programs must
consider supporting and satisfying these interests. In this case, IBM provides technical support
for suppliers to improve their operational efficiencies. In addition, the company expects parties
in all levels of the supply chain to comply with corporate responsibility standards and related
initiatives in the industry.
Investors:
The significance of investors in corporate social responsibility is their effect on the capital of the
business. These stakeholders are interested in growing their investments through IBM’s
profitability and growth in the information technology industry. In this regard, the company’s
corporate responsibility strategy involves initiatives that fulfill corporate citizenship while
strengthening or growing the business.
Employees:
IBM’s corporate citizenship programs include employees as a major stakeholder group. IBM’s
CSR approach must address these interests, considering that employees are significant in
determining the capabilities of the business. The company’s corporate social responsibility
strategy includes fair hiring practices and competitive compensation, as well as diversity and
inclusion programs that promote employee morale and help minimize workplace conflict. Also,
the IBM Integrated Health Services Organization maintains well-being programs for the health
and wellness of all IBMers.
IBM brings the power of its technology, resources, and people to help with initiatives around the
world, from education to health to resilience.
Educational Skills:
In IBM, they think that the future belong to all of them not for some people. They strive for
access, inclusion, equity, and talent to help people across the globe build the skills of the future,
helping them to chart their own paths into new – collar jobs. The partners in IBM and the experts
in public and private sectors to make change that have broad, lasting impact.
Disaster Resiliency:
Natural disasters can wreak deviation taking lives, causing grief, and upending communities for
years. At IBM, we bring together our best technology, expertise, and the power of IBMers who
volunteer their time, skills, and donations for response and recovery. They even help
communities beforehand to prepare for hurricanes, floods, wildfires, and other emergencies.
Health:
They strive to help and create a world where every individual has access to quality health care.
They focused on addressing disparities in cancer care in low and middle income countries. By
harnessing the power of technology, data, and human centered design, we’re striving to improve
how public health and clinical decisions are made.
DOMESTIC:
The Corporate Social Responsibility Committee of the Board of the Company is responsible for
administration of Corporate Social Responsibility of the company. The committee shall consist
of three or more directors, out of which one shall be an independent director. This provision is
equally applicable to all companies including private or small companies.
These three different approaches have different level of involvement and monitoring mechanism.
In Direct Approach:
The company shall have decided, undertake, monitor and report CSR activities through its own
approach. The Company shall have details of all activities in its Board’s report.
In Captive Approach:
The company shall convey its policy and transfer its CSR fund to a captive Trust or society or
company established within the group. There will be a simple reporting of this fact in the
Board’s report of the company.
In Outsourcing Approach:
The company shall convey its policy and transfer its CSR fund to an outside Trust or society or
company. This will be duty of company to decide a monitoring and reporting mechanism. There
will be a reporting of this fact of policy, fund transfer and derails results achieved by the
outsourcing agency, in the Board’s report of the company. This is a good formula for high
impact joint efforts by many companies across wide spectrum. This is most suitable approach
where existing non – government organisations may market themselves. Sub – rules (3) of Rule
4, prepare base for this approach.
A company may collaborate with other companies for undertaking projects or programs or CSR
activities in such manner that the CSR Committees of respective companies are in a position to
report separately on such projects or programs in accordance with these rules.
For a company looking to internationalize, reputation is one of its most important assets, since a
solid reputation facilitates entering new markets, helping each of the stakeholders that form part
of the company to deposit a high level of trust in it, which is why the adaptation to the new
competitive environment is so highly valued.
INTERNATIONAL:
Corporate social responsibility (CSR) is a type of international private business self-regulation [1] that
aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or
supporting volunteering or ethically-oriented practices.[2] While once it was possible to describe CSR as
an internal organisational policy or a corporate ethic strategy, [3] that time has passed as various
international laws have been developed and various organisations have used their authority to push it
beyond individual or even industry-wide initiatives. While it has been considered a form of corporate self-
regulation [4] for some time, over the last decade or so it has moved considerably from voluntary
decisions at the level of individual organisations, to mandatory schemes at regional, national and
international levels.
Special Considerations:
In 2010, the International Organization for Standardization (ISO) released a set of voluntary
standards meant to help companies implement corporate social responsibility. Unlike other ISO
standards, ISO 26000 provides guidance rather than requirements because the nature of CSR is
more qualitative than quantitative, and its standards cannot be certified.
Instead, ISO 26000 clarifies what social responsibility is and helps organizations translate CSR
principles into practical actions. The standard is aimed at all types of organizations, regardless of
their activity, size, or location. And, because many key stakeholders from around the world
contributed to developing ISO 26000, this standard represents an international consensus.
References: