CONTENTS
CHAPTER
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COOPERATIVE RESPONSIBILITIES
I
1. Introduction 2. Definition 3. Hitoric!" definition #. $e!ture of CSR %. Need of CSR &. Deter'in!nt of CSR (. )*+ CSR i o i',ort!nt . C*!""en/e of CSR 0. Introduction of !*indr! co. 1. !*indr! co. !nd it re,oni4i"itie O45ecti6e of Stud+ 11. 11. et*odo"o/+ of D!t! Co""ection 12. Li'it!tion of Stud+
CHAPTER-1 INTRODUCTION OF CSR
INTROD7CTION O$ CSR 8-9
CSR i t!nd for Coo,er!ti6e Soci!" Re,oni4it+: ;*ic* 'e!n
fu""+ reco/ni=ed et of criterion. )it* t*e /i6en undert!ndin/ t*!t 4uinee *!6e ! ce e>ce,t ,tio ion n if *!r *!re* e*o" o"de der r !nd !nd t!< t!tend ;e"" 4e+ond ;*!t in t*e ,!t ;! co''on"+ referred referred to i',"+ ! t*e 4uine econo'ic function.
Cor,or!te oci!" re,oni4i"it+ ?@CSR@ for *ort: !nd !"o c!""ed cor,or!te concience: citi=en*i,: oci!" ,erfor'!nce: or ut!in!4"e re,oni4"e 4uine i ! for' of co cor, r,or or!t !tee e"f-re/u"!tion inte/r!ted into ! 4uine 'ode" 'ode".. CSR CSR ,o"i ,o"ic+ c+ fu func ncti tion on ! ! 4u 4ui" i"tt-in in:: e"f e"f-re/u"!tin/ 'ec* 'ec*!n !nii' ;*e ;*ere4+ 4u 4ui in ne 'oni 'onito torr !nd !nd enur nuree it it !cti !cti6e 6e co',"i!nce ;it* t*e ,irit of t*e "!;: et*ic!" t!nd!rd: d: !nd intern!ti intern!tion!" on!" nor' r'. T*e /o!" of CSR i to e'4r!ce re,oni4i"it+ for t*e co',!n co',!n+ + !ction !ction !nd encour encour!/e !/e ! ,oiti ,oiti6e 6e i',!c i',!ctt t*rou t*rou/* /* it !cti6i !cti6itie tie on t*e en en6ir 6iron on'en 'ent: t: conu conu'er 'er: : e',"o e',"o+ee +ee: : co''un co''uniti itie: e: t!
ro"e of 4uinee. Ot*er !r/ue CSR i 'ere"+ ;in ;indo; do;-d -dre rein/ in/:: or !n !tte !tte', ',tt to ,r ,ree-e', -e',tt t* t*ee ro"e ro"e of /o6e /o6ern rn'e 'ent nt ! ! ;!tc ;!tc*d *do/ o/ o6er o6er ,o;erfu" 'u"tin!t 'u"tin!tion!" ion!" cor,or!ti cor,or!tion on.. Cor,or!te oci!" re,oni4i"it+ ?CSR of co',!nie *! 4eco'e ! u45ect of 'uc* de4!te. De,ite t*i: I *!d 4een un!4"e to undert!nd ;*!t *!t e>!c >!ct"+ t"+ co', o',!nie !nie !re !re u,, u,,o oeed to do ! t* t*eeir CSR. I it ,*i" ,* i"!n !nt* t*rro,+ !nd !nd c* c*!r !rit it+ + I it oci oci!" !" !nd !nd *u *u'! '!ni nit! t!ri ri!n !n ;or< ;or< or ,rotectin/ ,rotectin/ t*e en6iron'ent en6iron'ent I it undert!i'i=e t*e ,ro4!4i"it+ of it "on/-ter' ur6i6!" !nd ut!ined /ro;t*.
CSR i tit"ed to !id !n or/!ni=!tion 'iion ! ;e"" ! ! /uide to ;*!t *!t t* t*ee co',!n ',!n+ + t!n t!nd d for for !nd !nd ;i" ;i"" u, u,*o *o""d to it it con onu'er 'er. De6e"o,'e De6e"o,'ent nt 4ui 4uine ne et*i et*ic c i one of t*e t*e for' for' of !,," !,,"ied ied et*i et*ic c t*!t e>!'ine et*ic!" ,rinci,"e !nd 'or!" or et*ic!" ,ro4"e' t*!t c!n !rie in ! 4uine 4uine en en6ir 6iron on'en 'ent. t. ISO 2& 2& i t*e reco/ni=ed intern!tion!" t!nd!rd for CSR ?current"+ ! Dr!ft Intern!tion!" St!nd!rd. Pu4"ic ector ector or/!ni or/!ni=!t =!tion ion ?t* ?t*ee 7nited 7nited N!tion N!tion for e>!'," e>!',"e e !d*er !d*eree to t*e tri,"e 4otto' "ine ?TBL. It i ;ide"+ !cce,ted t*!t CSR !d*ere to i'i" i'i"!r !r ,rinci, ,rinci,"e "e 4ut ;it* no for'!" for'!" !ct of "e/i" "e/i"!ti !tion. on. T*e 7N *! de6e"o,ed t*e Princi,"e for Re,oni4"e Re, oni4"e In6et'ent ! /uide"ine for in6etin/ entitie.
Cor,or!te oci!" re,oni4i"it+ ?CSR *! 6!riou"+ 4een decri4ed ! ! 'ot*er*ood iue: t*e *ot 4uine iue of t*e n!u/*tiet !nd t*e t!"< of t*e to;n in cor,or!te circ"e t*ee d!+. T*ere ee' to 4e !n infinite nu'4er of definition of CSR: r!n/in/ fro' t*e i',"itic to t*e co',"e>: !nd ! r!n/e of !oci!ted ter' !nd ide! ?o'e ued inte interc rc*! *!n/ n/e! e!4" 4"+ +:: inc" inc"ud udin in/ / cor cor,o ,or! r!te te ut ut!i !in! n!4i 4i"i "it+ t+:: cor, cor,or or!t !tee citi=en*i,: cor,or!te oci!" in6et'ent: t*e tri,"e 4otto' "ine: oci!""+
re,oni4"e in6et'ent: 4uine ut!in!4i"it+ !nd cor,or!te /o6ern!nce ?Pri'e initer Co''unit+ Buine P!rtner*i,. It *! 4een u//eted t*!t o'eree!rc*erditort t*e definition of cor,or!te oci!" re,oni4i"it+ or ,erfor'!nce o 'uc* t*!t t*e conce,t 4eco'e 'or!""+ 6!cuou: conce,tu!""+ 'e!nin/"e: !nd utter"+ unreco/ni=!4"e or CSR '!+ 4e re/!rded ! t*e ,!n!ce! ;*ic* ;i"" o"6e t*e /"o4!" ,o6ert+ /!,: oci!" e>c"uion !nd en6iron'ent!" de/r!d!tion.
An !,,ro!c* for CSR t*!t i 4eco'in/ 'ore ;ide"+ !cce,ted i co''unit+-4!ed de6e"o,'ent !,,ro!c*. In t*i !,,ro!c*: cor,or!tion ;or< ;it* "oc!" co''unitie to 4etter t*e'e"6e. $or e>!',"e: t*e S*e"" $ound!tion in6o"6e'ent in t*e $"o;er V!""e+: Sout* Afric!. In $"o;er V!""e+ t*e+ et u, !n E!r"+ Le!rnin/ Centre to *e", educ!te t*e co''unit+ c*i"dren ! ;e"" ! de6e"o, ne;
A 'ore co''on !,,ro!c* of CSR i ,*i"!nt*ro,+. T*i inc"ude 'onet!r+ don!tion !nd !id /i6en to "oc!" or/!ni=!tion !nd i',o6eri*ed co''unitie in de6e"o,in/ countrie. So'e or/!ni=!tion do not "i
4uinee inc"udin/ PJ. It CSR '!n!/er co''ented: @$!irtr!de fit 6er+ tron/"+ into our co''it'ent to our co''unitie.@ Anot*er !,,ro!c* i /!rnerin/ incre!in/ cor,or!te re,oni4i"it+ interet. T*i i c!""ed Cre!tin/ S*!red V!"ue: or CSV. T*e *!red 6!"ue 'ode" i 4!ed on t*e ide! t*!t cor,or!te ucce !nd oci!" ;e"f!re !re interde,endent. A 4uine need ! *e!"t*+: educ!ted ;or
T*e CSR i t*e 'ot i',ort!nt conce,t for "e!din/ 4uine in co',etiti6e ;or"d !nd to fo""o; t*!t '!n+ definition *! 4een introduce in '!r
Cor,or!te oci!" re,oni4i"it+ i o,er!tin/ ! 4uine in '!nner ;*ic* 'eet or e>ce" t*e et*ic!": "e/!": co''erci!" K ,u4"ic e>,ect!tion t*!t ociet+ *! fro' 4uine. -----------------------------------------------------------------------------------------
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In t*e +e!r 10%3 t*e Bo;en *! !id t*!t Mto ,urue t*oe ,o"icie !nd to '!
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T*e )or"d Buine Counci" for Sut!in!4"e De6e"o,'ent in it ,u4"ic!tion @!
Buine for Soci!" Re,oni4i"it+ A'eric! "!r/et or/!ni!tion de6oted to CSR: Business decision making linked to ethical values, compliance with legal requirements, and respect for people, communities, and the environment around the world. -------------------------------------------------------------------------------------------•
Prince of )!"e Buine Le!der $oru' Open and transparent business practices that are based on ethical values and respect for employees, communities, and the environment. It is designed to deliver sustainable value to society at large, as well as to shareholders. -------------------------------------------------------------------------------------------Euro,e!n Co''iion concept whereby !S" companies decide voluntarily to contribute to a better society and a cleaner environment. -------------------------------------------------------------------------------------------Anon+'ou re,ondent to !n ccountancy Ireland ur6e+ CSR i doing the right thing even when no#one is looking$ . •
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7u!""+ CSR concentr!te on t*e !cti6it+ t*!t t+,ic!""+ !ddre t*e !,ect of ! fir' 4e*!6ior ?inc"udin/ it ,o"icie K ,r!ctice ;it* re,ect to uc*
CSR IN SOCIETY
CHAPTER-1 HISTORICAL DEFINITION OF CSR HISTORICAL DE$INITON 8-9 )*i"e t*e ter' CSR '!+ !,,e!r to 4e re"!ti6e"+ ne; to t*e cor,or!te ;or"d: t*e "iter!ture re6e!" t*!t t*e e6o"ution of t*e conce,t ite"f *! t!
103 ;it* t*e de4!te 4et;een AA Ber"e !nd E erric< Dodd o6er t*e ro"e of '!n!/er. erric< Dodd contended t*!t t*e ,o;er of cor,or!te '!n!/e'ent !re *e"d in trut for t*e entire co''unit+. In 10%3: Bo;en conce,tu!"ied CSR ! oci!" o4"i/!tion t*e o4"i/!tion to ,urue t*oe ,o"icie: to '!,"icit"+ !ddre CSR: inc"udin/ ,u4"ic re,oni4i"it+ ! one of t*e ei/*t
In 10&: $rederic< ;rote t*!t Soci!" re,oni4i"it+ in t*e fin!" !n!"+i i',"ie ! ,u4"ic ,oture to;!rd ociet+ econo'ic !nd *u'!n reource !nd ! ;i""in/ne to ee t*!t t*oe reource !re ued for 4ro!d oci!" end !nd not i',"+ for t*e n!rro;"+ circu'cri4ed interet of ,ri6!te ,eron !nd fir'. C"!rence C )!"ton e',*!i=ed t*!t t*e eenti!" in/redient of t*e cor,or!tion oci!" re,oni4i"itie inc"ude ! de/ree of 6o"unt!ri': ! o,,oed to coercion: !n !r/u'ent t*!t 4uine continue to ,ut fort* tod!+. )!"ton !"o coune""ed t*e !cce,t!nce t*!t cot !re in6o"6ed for ;*ic* it '!+ not 4e ,oi4"e to /!u/e !n+ direct 'e!ur!4"e econo'ic return. 10( T*e "iter!ture on CSR inc"ude '!n+ reference to i"ton $ried'!n 'ini'!"it 6ie; of cor,or!te re,oni4i"it+ !nd *i f!'ou co''ent in 10( . It i uefu" to inc"ude t*e uot!tion *ere 4ec!ue it i uc* ! 4uine-centric 6ie; !nd i one end of ! continuu' t*!t i ti"" 4ein/ de4!ted tod!+ in ter' of CSR8 %here is one and only one social responsibility of business ( to use its resources and engage in activities designed to increase its profits so long as it stays within the rules of the game, which is to say, engage in open and free competition, without deception or fraud. $ried'!n 6ie; *! continued to 4e de4!ted o6er t*e dec!de: for e>!',"e cA"eer: ;*o conc"uded t*!t $ried'!n !r/u'ent ;ere unound !nd *i 6ie; unc"e!r: !nd O,ect!tion !nd re"!ted to !cti6itie !i'ed !t i',ro6in/ t*e oci!" en6iron'ent of t*e fir'. C!rro"" decri4e t*e CED 'ode" % ! ! "!nd'!r< contri4ution to t*e conce,t of CSR ;*ic* i""utr!ted t*e c*!n/in/ re"!tion*i, 4et;een 4uine !nd ociet+.
Business is being asked to assume broader responsibilities to society than ever before and to serve a wider range of human values. Business enterprises, in effect, are being asked to contribute more to the quality of merican life than )ust supplying quantities of goods and services. Inasmuch as business e*ists to serve society, its future will depend on the quality of management$s response to the changing e*pectations of the public$. T*e re"!tion*i, 4et;een 4uine !nd ociet+ ;! 4ein/ uetioned !t ! ti'e ;*en t*e 7nited St!te ;! e'4roi"ed in t*e oci!" !nd ,o"itic!" ,rotet of t*e ci6i" ri/*t !nd ,e!ce 'o6e'ent: ;*en iue uc* ! *u'!n 6!"ue !nd 'or!"it+ ;ere 4ein/ ,u4"ic"+ de4!ted. T*i ;ou"d !"o *!6e i',!cted on cor,or!te A'eric!. )!""ic* e>,!nded t*e de4!te !4out 6o"unt!ri' 6eru coercion 4+ eu!tin/ CSR ;it* t*e freedo' to 4e ! free !/ent8 I take responsibility to mean a condition in which the corporation is at least in some measure a free agent. %o the e*tent that any of the foregoing social ob)ectives are imposed on the corporation by law, the corporation e*ercises no responsibility when it implements them. Buine t*erefore !4ro/!te it re,oni4i"it+ to /o6ern'ent !nd t*e ;ider ociet+.
In 10(#: Ee"" !nd )!"ton dicuion of CSR cou"d ,er*!, 4e een ! 'o6in/ to;!rd t*e iue of oci!" "icence t*!t ;! to e'er/e 'ore fu""+ ne!r"+ t*irt+ +e!r "!ter. In its broadest sense, corporate social responsibility represents a concern with the needs and goals of society which goes beyond the merely economic. Insofar as the business system as it e*ists today can only survive in an effectively functioning free society, the corporate social responsibility movement represents a broad concern with business$s role in supporting and improving the social order. In Set*i 10(% t*ree-"e6e" 'ode": t*e conce,t of cor,or!te oci!" ,erfor'!nce i dicued: !nd ditinction '!de 4et;een 6!riou cor,or!te 4e*!6iour. Set*i t*ree tier ;ere oci!" o4"i/!tion ?! re,one to "e/!" !nd '!r
E!r"+ ree!rc* tudie on CSR conducted in t*e 10( inc"uded Bo;'!n !nd H!ire 'e!ure'ent of cor,or!te in6o"6e'ent in CSR. T*eir ree!rc* ued ! 6!ri!nt of content !n!"+i to 'e!ure t*e nu'4er of "ine co6erin/ oci!" re,oni4i"it+ in co',!n+ !nnu!" re,ort. T*e *e!din/ t*e+ ued inc"uded cor,or!te re,oni4i"it+: oci!" re,oni4i"it+: oci!" !ction: ,u4"ic er6ice: cor,or!te citi=en*i,: ,u4"ic re,oni4i"it+: !nd oci!" re,oni6ene. 10 T*e 10 *!6e 4een decri4ed ! *!6in/ ! 'ore re,oni4"e !,,ro!c* to cor,or!te tr!te/+ ?$ree'!n in Luc!: )o""in K L!ffert+ 21: ,. 1%. Pro'inent ;! t*e ;or< of R Ed;!rd $ree'!n on t*e e'er/in/ St!
A ,ro'inent de6e"o,'ent in ter' of CSR ;! t*e /"o4!" de4!te on ut!in!4"e de6e"o,'ent t*!t e'er/ed in t*i dec!de. T*e )or"d Coner6!tion Str!te/+ t*!t ;! ,u4"i*ed in 10 treed t*e interde,endence of coner6!tion !nd de6e"o,'ent !nd ;! t*e firt to conce,tu!"ie ut!in!4"e de6e"o,'ent . In 10( t*e )or"d Co''iion on En6iron'ent !nd De6e"o,'ent ?)CED ,u4"i*ed t*e Brundt"!nd Re,ort: Our Co''on $uture. T*e ( re,ort t!te t*!t Sut!in!4"e de6e"o,'ent ee< to 'eet t*e need !nd !,ir!tion of t*e ,reent ;it*out co',ro'iin/ t*e !4i"it+ to 'eet t*oe of t*e future ?)or"d Co''iion on En6iron'ent !nd De6e"o,'ent 10(. T*i e!r"+ definition of ut!in!4"e de6e"o,'ent i often uoted: 4ut it i interetin/ fro' t*e 6ie;,oint of t*e CSR de4!te t*!t 'ot !ut*or to not ee' to uote t*e ne>t entence fro' t*e re,ort8 +ar from requiring the cessation of economic growth, it recognies that the problems of poverty and underdevelopment cannot be solved unless we have a new era of growth in which developing countries play a large role and reap large benefits. ?)or"d Co''iion on En6iron'ent !nd De6e"o,'ent 10( T*e re,ort c"e!r"+ "in< ut!in!4"e de6e"o,'ent ;it* econo'ic /ro;t* !nd et t*e direction for future de4!te on t*i iue. A"t*ou/* ;e *!6e een e>!',"e of e!r"ier ;or< t*!t touc*ed on t*e iue of CSR !nd fin!nci!" ,rofit: C!rro"" identified t*e 10 ! t*e ,eriod ;*en c*o"!r ;ere 4eco'in/ intereted in t*e uetion of ;*et*er oci!""+ re,oni4"e fir' ;ere !"o ,rofit!4"e fir'. If it cou"d 4e de'ontr!ted t*!t t*e+ ;ere: t*i ;ou"d 4e !n !dded !r/u'ent in u,,ort of t*e CSR 'o6e'ent. Au,,er"e: C!rro"": !nd H!tfie"d 10% tud+ of t*e re"!tion*i, 4et;een CSR !nd ,rofit!4i"it+ ordered t*e ,rioritie of four co',onent of CSR ,re6iou"+ identified 4+ C!rro"": ! econo'ic: "e/!": et*ic!": !nd dicretion!r+. 100 T*e "iter!ture of t*e 100 *! not o 'uc* e>,!nded t*e definition of CSR: 4ut ued t*e CSR conce,t ! t*e 4!e ,oint: 4ui"din/ 4"oc<: or
,oint-of-de,!rture for ot*er re"!ted conce,t !nd t*e'e: '!n+ of ;*ic* e'4r!ced CSR-t*int t*!n 5ut ! t!nd!"one definition. An i',ort!nt e',*!i in *er 'ode" ;! on outco'e or ,erfor'!nce. T*e CSP fr!'e;or< de6e"o,ed 4+ )ood !nd t*e ,+r!'id of re,oni4i"itie de6e"o,ed 4+ C!rro"": ;it* econo'ic re,oni4i"itie !t t*e 4!e !nd ,*i"!nt*ro,+ !t t*e !,e>: !re dicued in de,t* in t*e "iter!ture: inc"udin/ C!rro"" ?1000 !nd )indor ?21. S;!non ?100% u//eted t*!t t*ere ;ere t*ree '!in t+,e of 'oti6!tion for CSR8 i. T*e uti"it!ri!n ,er,ecti6e ?!n intru'ent to *e", !c*ie6e ,erfor'!nce o45ecti6e ii. T*e ne/!ti6e dut+ !,,ro!c* ?co',u"ion to !do,t oci!""+ re,oni4"einiti!ti6e to !,,e!e t!i4"e 'u"tit!
t!!',"e of *!re*o"der !cti6i' i t*e /rou, B3& Shareholders for Social "esponsibility: ;*ic* ;! for'ed in 100# ! ! reu"t of *!re*o"der concern !4out en6iron'ent!" d!'!/e done 4+ t*e co',!n+ in P!,u! Ne; Juine!. T*e /rou, *! concern !4out en6iron'ent!": oci!" !nd econo'ic iue !nd *! !cti6e"+ en/!/ed BHP Bi""iton '!n!/e'ent !4out it concern ?BHP S*!re*o"der for Soci!" Re,oni4i"it+. Si'i"!r !d6oc!c+ /rou, *!6e 4een for'ed in Autr!"i! for *!re*o"der of Bor!" Jreen: Junn: !nd P!,er"in. J"o4!" inf"uence on CSR continued in t*e 100 ! t*e ro"e of 4uine !nd /o6ern'ent continued to 4"ur. In 100(: So"o'on ;rote t*!t no; t*!t 4uinee !re often t*e 'ot ,o;erfu" intitution in t*e ;or"d: t*e e>,!ne of oci!" re,oni4i"it+ *! en"!r/ed to inc"ude !re! for'er"+ conidered t*e do'!in of /o6ern'entT*e 'ore ,o;erfu" 4uine 4eco'e in t*e ;or"d: t*e 'ore re,oni4i"it+ for t*e ;e""4ein/ of t*e ;or"d it ;i"" 4e e>,ected to 4e!r . )ritin/ in 1000: ! t*e ne; 'i""enniu' !,,ro!c*ed: C!rro"" u//eted t*!t: t*e CSR conce,t ;i"" re'!in ! !n eenti!" ,!rt of t*e 4uine "!n/u!/e !nd ,r!ctice: 4ec!ue it i ! 6it!" under,innin/ to '!n+ of t*e ot*er t*eorie !nd i continu!""+ conitent ;it* ;*!t t*e ,u4"ic e>,ect of t*e 4uine co''unit+ tod!+. Cor,or!te Soci!" Re,oni4i"it+ in t*e 21t Centur+
If t*e iue of CSR c!'e to ,u4"ic ,ro'inence ! ! reu"t of *i/*"+,u4"icied e6ent uc* ! t*e co""!,e of Enron !nd t*e G!'e H!rdie !4eto c!nd!" in Autr!"i!: *o; *!6e t*ee concern 4een !ddreed in t*e "iter!ture of t*e ne; centur+ T*e de4!te !4out t*e ,"!ce of CSR in t*e /"o4!" econo'+ continue: ;it* ;riter uc* ! Sc*erer !nd S'id ec*oin/ So"o'on o,inion t*!t 'u"tin!tion!" cor,or!tion *ou"d t!!',"e of )etern oi" ,roduction ,ro5ect current"+ o,er!tin/ in ! nu'4er of ;!rtorn: i',o6eri*ed Afric!n t!te t*!t !re noted for corru,tion !nd *u'!n ri/*t !4ue. G!'e Buctended t*e de4!te to ot*er countrie: ! ;e"" ! co',!rin/ n!tion!" ,erce,tion of CSR !nd t*e ro"e of 4uine in ociet+. Si/nific!nt intern!tion!" de6e"o,'ent t*!t *!6e inf"uenced t*i 'o6e inc"ude t*e !,,oint'ent of ! 7 inter for Cor,or!te Soci!" Re,oni4i"it+ in !rc* 2 t*e re"e!e of t*e Euro,e!n Co''iion Jreen P!,er: &romoting a 4uropean +ramework for !orporate Social "esponsibility !nd t*e 7nited N!tion J"o4!" Co',!ct re/!rdin/ *u'!n ri/*t: "!4our !nd t*e en6iron'ent. Suc* de6e"o,'ent !re !"o ref"ected in t*e "iter!ture: ;*ere t*e "in,"ored.
Cor,or!te Soci!" Re,oni4i"it+ !nd $in!nci!" I',"ic!tion T*e iue of CSR !nd it effect on fin!nci!" ,erfor'!nce continued to 4e !ddreed in t*e "iter!ture. )indor uote t*e 100 findin/ of Verc*oor: t*!t !'on/ t*e % "!r/et 7S ,u4"ic cor,or!tion: t*e 2&.Q co''ittin/ in !nnu!" re,ort to et*ic!" 4e*!6iour to;!rd t!!'ine !"tern!ti6e uc* ! citi=en*i, or t! ,rofit cou"d 4e direct"+ !ttri4uted to it et*ic!" t!nce. Ho,!'inin/ t*e corre"!tion 4et;een oci!" re,oni4i"it+ !nd t*eir toc< '!r
contention t*!t: Definition: 'e!ure'ent !nd d!t! ,ro4"e' e>it for !ein/ 4ot* oci!" re,oni4i"it+ !nd fin!nci!" ,erfor'!nce. In ter' of cor,or!te fin!nci!" in6et'ent in CSR: c)i""i!' !nd Sie/e" ,otu"!ted t*!t t*ere i o'e "e6e" of CSR t*!t ;i"" '!>i'i=e ,rofit ;*i"e !tif+in/ t*e de'!nd for CSR fro' 'u"ti,"e t!itie of CSR i t*!t in definin/ ;*!t it 'e!n to 4e ! /ood cor,or!te citi=en: o'e "o44+it t!"< in ter' of !4o"ute: ;*i"e ot*er ,e!< in ter' of de/ree. In t*i !/e of 'u"ti-f!cetted intern!tion!" cor,or!tion: ,r!ctice ;it*in !nd !cro cor,or!te 4ound!rie '!+ 6!r+. In ! recent !n!"+i of Business 4thics '!/!=ine 1 Bet Cor,or!te Citi=en for 2&: !tter! ,oint out t*!t *i/*-tec* fir': uc* ! He;"ett-P!cic ;!te ite: t*e ;!t!/e /ener!ted 4+ o4o"ete *!rd;!re: !nd ;or<,"!ce e>,oure to to>ic c*e'ic!". !tter! c!te/orie t*e di6er/enc+ 4et;een )!"-!rt en6iron'ent!" refor' !nd it retro/r!de "!4our ,o"icie ! +'4o"iin/ ;! *e ee ! t*e e"ecti6e 4uine et*ic t*!t ,re6!i" tod!+. T*e difficu"t+ in dicuin/ 'or!"Fet*ic!" re,oni4i"it+: of coure: i ;*oe 'or!"it+Fet*ic R+!n !< ;*o *ou"d 4e t*e 5ud/e of ! co',!n+ re,ut!tion: !nd *o; *ou"d it 4e 'e!ured Ne6ert*e"e: !n incre!in/ nu'4er of ;riter !re r!iin/ t*e iue of 'or!"Fet*ic!" re,oni4i"it+ ! !n identifi!4"e !,ect of CSR.
In ! dicuion of S*!re*o"der T*eor+ 6eru St!,"ored 4+ Ric*!rd !nd !i/n!n !nd R!"ton. In t*eir tud+ of 4uine et*ic !nd CSR: Go+ner !nd P!+ne identified ! ti'e "!/ 4et;een oci!""+ re,oni4"e 4e*!6iour 4+ ! co',!n+ !nd fin!nci!" /!in. T*e+ *!6e c!""ed for "!r/er "on/itudin!" tudie of t*i "inc"ui6e"+ 4+ fin!nci!" ,erfor'!nce: t*e !4i"it+ to *o; t*!t et*ic!" !nd oci!""+ re,oni4"e 4e*!6iour c!n 4oot fin!nci!" reu"t 'i/*t ,ro6ide t*e i',etu for re!" c*!n/e in '!n+ or/!ni=!tion. Soci!" Licence A recent !ddition to t*e 6oc!4u"!r+ of CSR i t*e conce,t of oci!" "icence. Junnin/*!' et !" offered t*e fo""o;in/ decri,tion8 5 social licence5is based not on compliance with legal requirements 6although breach of these requirements may )eopardise the social licence7, but rather upon the degree to which a corporation and its activities are accepted by local communities, the wider society, and various constituent groups. S;eene+ co',!re ociet+ tre!t'ent of cor,or!tion ;it* it tre!t'ent of ,eron: ;it* t*e !ttend!nt ri/*t !nd re,oni4i"itie. T*u cor,or!tion !re !""o;ed t*e ri/*t to o,er!te ,ro6ided t*e+ fu"fi" t*eir dutie 4+ ,ro6idin/ 4enefit to ociet+. In t*i ene: cor,or!tion *!6e ! oci!" "icence to o,er!te. T*e conce,t of oci!" "icence i !n !4tr!ct one: t*e inter,ret!tion of ;*ic* 6!rie. T*i i undert!nd!4"e in ! cor,or!te ;or"d /r!,,"in/ ;it* 6!r+in/ de/ree of ucce ;it* ! r!n/e of conce,t uc* ! CSR: tri,"e 4otto' "ine: !nd oci!""+ re,oni4"e in6et'ent. Ho;e6er: it i
critic!" t*!t cor,or!tion undert!nd !nd e'4r!ce t*i re"!tion*i, ;it* t*e 4ro!der ociet+ in ;*ic* t*e+ o,er!te. T*e ;e4ite of t*e Aoci!tion of !r,!nded on t*i t!te'ent8 %he ustralian minerals industry is committed to developing its social licence to operate as a complement to the regulatory licence issued by government. %o the minerals industry 8social licence to operate$ is about operating in a manner that is attuned to community e*pectations and which acknowledges that businesses have a shared responsibility with government, and more broadly society, to help facilitate the development of strong and sustainable communities. Simply defined the 8social licence to operate$ is an unwritten social contract Si'i"!r"+: t*e initeri!" Counci" on iner!" !nd Petro"eu' Reource define oci!" "icence !8 5the recognition and acceptance of a company$s contribution to the community in which it operates, moving beyond meeting basic legal requirements, towards developing and maintaining the constructive relationships with stakeholders necessary for business to be sustainable. Overall it comes from striving for relationships based on honesty and mutual respect. )*i"e t*e !4o6e !re e>!',"e of cor,or!te co''it'ent to oci!" "icence: t*e "iter!ture !"o ,ro6ide e>!',"e of t*e cor,or!te 'ire!din/ of t*e ter' of t*eir oci!" "icence: ;*ic* c!ued ! 4ro!der cor,or!te ret*in<. T*ee e>!',"e inc"ude on!nto f!i"ure to !,,reci!te t*e Euro,e!n conu'er 4!c<"!* !/!int /enetic!""+ 'odified food !nd t*e ,erce,tion of Ni,"oiter of "!4our in i',o6eri*ed countrie. Bot* itu!tion "ed to d!'!/e to 4r!nd i'!/e
!nd neceit!ted cor,or!te retructurin/. )*ee"er et !" ,ro6ide furt*er co''ent on t*ee e>!',"e in t*eir dicuion of CSR !nd ! t!
$EAT7RES O$ CSR 8-9 •
Incre!in/ inconitencie 4et;een cor,or!te !ction.
•
Cre!tin/ t*e /ood re"!tion*i, 4et;een cuto'er K fir'.
•
I',ro6e'ent of re,oni4i"itie to;!rd t*e e',"o+ee.
• •
I',ro6in/ t*e co',!n+ t!tu in t*e '!r
CHAPTER-1
NEED OF CSR NEED O$ CSR 8-9
)*i"e t*e interet of *!re*o"der !nd t*e !ction of '!n!/er of !n+ 4uine enter,rie *!6e to 4e /o6erned 4+ t*e "!; of econo'ic: reuirin/ !n !deu!te fin!nci!" return on in6et'ent '!de: in re!"it+ t*e o,er!tion of !n enter,rie need to 4e dri6en 4+ ! 'uc* "!r/er et of o45ecti6e t*!t !re tod!+ 4ein/ defined under t*e ter' CSR.
T*e CSR i i',ort!nt for 4ro!d r!tion!"e for ! ne; et of et*ic for cor,or!te deciion '!
T*e CSR i 4enefici!" for c"e!r"+ et!4"i*e t*e t!
ot i',ort!nt"+ in t*i !/e of ;ide,re!d co''unic!tion !nd /ro;in/ e',*!i on tr!n,!renc+: cuto'er of !n+ ,roduct or er6ice !re un"i,ect!tion of ;*!t i dee'ed to 4e et*ic!""+ !nd oci!""+ re,oni4"e 4e*!6ior. T*e CSR no; ! d!+ 4eco'in/ incre!in/"+ e6ident t*!t or/!ni=!tion t*!t ,!+ /enuine !ttention to t*e ,rinci,"e of oci!""+ re,oni4"e 4e*!6ior !re !"o findin/ f!6or ;it* t*e ,u4"ic !nd !re t*e ,referred c*oice for t*eir /ood !nd er6ice.
CHAPTER-1 DETERMINANT OF CSR
CHAPTER-1 WHY CSR IS SO IMPORTANT IPORTANCE O$ CSR 8-9
T*e CSR i i',ort!nt to i',ro6e t*e fin!nci!" ,erfor'!nce of fir' 8-9 T*e '!n!/e'ent "iter!ture *! !c
Hei/*tened ,u4"ic credit!4i"it+ 8-9 In t*i re/!rd t*e nu'4er of co',!nie i '!int!inin/ t*eir ,u4"ic re"!tion*i, for in6entin/ t*eir 4uine t!tu /ood in t*e ,eo,"e e+e. T*e CSR i 6er+ i',ort!nt to ,ro6ide t*e /ood er6ice to t*eir cuto'er !nd ot*er urroundin/ ,eo,"e.
It *e",in/ to reduce cot 8-9 T*e CSR i *e",in/ to t*e cuto'er to reduce t*e cot of /ood !nd er6ice in '!n+ ;!+. B+ '!int!inin/ /ood re"!tion ;it* t*e ,eo,"e "e!d to incre!e t*e 4uine !cti6it+ ;it* t*e de'!nd.
To incre!e !ttr!cti6ene of in6etor 8-9 T*e CSR *e", to t*e co',!n+ to e!rn *u/e ,rofit 4+ '!int!inin/ CSR !'on/ t*eir 'e'4er !nd urroundin/ ,eo,"e. I',ro6e re"!tion*i, ;it* t!
E!r"+ identific!tion of ,otenti!" "i!4i"it+ 8-9 T*e CSR i i',ort!nt to identif+ t*e ,u4"ic de'!nd to;!rd t*e co',!nie !cti6itie. It *e", to identif+ t*e ,otenti!"it+ of t*e "i!4i"it+.
!r
I',ro6e o6er!"" '!n!/e'ent 8-9 T*e CSR i',ro6in/ t*e ;*o"e de,!rt'ent ;ie '!n!/e'ent of t*e or/!ni=!tion.
I',ro6e or/!ni=!tion effecti6ene.
Decre!e ri< of !d6ere ,u4"icit+.
CHAPTER-1
CHALLENGES OF CSR CHALLENJES O$ CSR 8-9 L!c<
of !;!rene of /ener!" ,u4"ic in CSR !cti6itie T*ere i ! "!c< of interet of t*e /ener!" ,u4"ic in ,!rtici,!tin/ !nd contri4utin/ to CSR !cti6itie of co',!nie. T*i i 4ec!ue of t*e f!ct t*!t t*ere e>it "itt"e or no
to 4ui"d "oc!" c!,!citie T*ere i ! need for c!,!cit+ 4ui"din/ of t*e "oc!" non /o6ern'ent!" or/!ni=!tion ! t*ere i eriou de!rt* of tr!ined !nd efficient or/!ni=!tion t*!t c!n effecti6e"+ contri4ute to t*e on/oin/ CSR !cti6itie initi!ted 4+ co',!nie. T*i eriou"+ co',ro'ie c!"in/ u, of CSR initi!ti6e !nd u4euent"+ "i'it t*e co,e of uc* !cti6itie. Iue of
tr!n,!renc+ L!c< of tr!n,!renc+ i one of t*e it "!c< of tr!n,!renc+ on t*e ,!rt of t*e '!"" co',!nie ! t*e+ do not '!
fund. T*i ne/!ti6e"+ i',!ct t*e ,roce of trut 4ui"din/ !'on/ t*e co',!nie ;*ic* i
;e"" or/!ni=ed non-/o6ern'ent!" or/!ni=!tion T*ere i non-!6!i"!4i"it+ of ;e"" or/!ni=ed non /o6ern'ent!" or/!ni=!tion in re'ote !nd rur!" !re! t*!t c!n !e !nd identif+ re!" need of t*e co''unit+ !nd ;or< !"on/ ;it* co',!nie to enure uccefu" i',"e'ent!tion of CSR !cti6itie. Vii4i"it+ f!ctor T*e ro"e of 'edi! in *i/*"i/*tin/ /ood c!e of uccefu" CSR initi!ti6e i ;e"co'ed ! it ,re!d /ood torie !nd eniti=e t*e ,o,u"!tion !4out 6!riou on/oin/ CSR initi!ti6e of co',!nie. T*i !,,!rent inf"uence of /!inin/ 6ii4i"it+ !nd 4r!ndin/ e>ercie often "e!d '!n+ non-/o6ern'ent!" or/!ni=!tion to in6o"6e t*e'e"6e in e6ent4!ed ,ro/r!''er in t*e ,roce t*e+ often 'i out on 'e!nin/fu" /r!root inter6ention. N!rro; ,erce,tion to;!rd
CSR initi!ti6e Non-/o6ern'ent!" or/!ni=!tion !nd Jo6ern'ent !/encie uu!""+ ,oe ! n!rro; out"oo< to;!rd t*e CSR initi!ti6e of co',!nie: often definin/ CSR initi!ti6e 'ore ! donor-dri6en. A ! reu"t: cor,or!te find it *!rd to decide ;*et*er t*e+ *ou"d ,!rtici,!te in uc* !cti6itie !t !"" in 'ediu' !nd "on/ run. Non
!6!i"!4i"it+ of c"e!r CSR /uide"ine T*ere !re no c"e!r cut t!tutor+ /uide"ine or ,o"ic+ directi6e to /i6e definiti6e direction to CSR initi!ti6e of co',!nie. T*e c!"e of CSR initi!ti6e of co',!nie *ou"d de,end u,on t*eir 4uine i=e !nd ,rofi"e. In ot*er ;ord: t*e 4i//er t*e co',!n+: t*e "!r/er it CSR ,ro/r!''ed. L!c<
of conenu on i',"e'entin/ CSR iue T*ere i ! "!c< of conenu !'on/t i',"e'entin/
!/encie re/!rdin/ CSR ,ro5ect. T*i "!c< of conenu often reu"t in du,"ic!tion of !cti6itie 4+ cor,or!te *oue in !re! of t*eir inter6ention. T*i reu"t in ! co',etiti6e ,irit 4et;een i',"e'entin/ !/encie r!t*er t*!n 4ui"din/ co""!4or!ti6e !,,ro!c*e on iue. T*i f!ctor "i'it co',!n+ !4i"itie to undert!
CHAPTER-2 INTRODUCTION OF MAHINDRA CO. PRO$ILE O$ THE COPAN
!*indr! i one of t*e "e!din/ 4uine /rou, of Indi!: it i one of t*e "!r/et cor,or!te /rou, of Indi!. !*indr! Jrou, *! /"o4!" ,reence K it i r!n
At t*e 4e/innin/ ti'e t*i co',!n+ ;! introduced firt Indi/enou Gee, in t*e +e!r 10#0 in '!ro,ort to t*e 7SA !nd ot*er n!tion. !*indr! K !*indr! *! ! 1Q u4idi!r+: !*indr! 7SA: ;*ic* !e'4"e ,roduct for t*e A'eric!n '!r
HISTORICAL SCENARIO 8-9 10#% - T*e Co',!n+ ;! Incor,or!ted !nd con6erted into Pu4"ic Li'ited in 10%% !t u'4!i. T*e Co',!n+ !nuf!cture Gee, t+,e 6e*ic"e: ,etro" indutri!" en/ine: indutri!" ,roce contro" intru'ent !nd f"o; 'eter. Tr!din/ in tee" !nd '!nuf!cture of ,rofeion!" /r!de e"ectronic co',onent. Gee, !re '!nuf!ctured under ! "icene !nd !n !/ree'ent ;it* )i""+ otor Inc.: To"edo: O*io: 7.S.A.: for ;*o' t*e Co',!n+ !"o !ct ! e>c"ui6e ditri4utor for t*e ;*o"e of Indi! for t*eir entire r!n/e of 6e*ic"e inc"udin/ uti"it+ 6!n: c!r/oF,eronne" c!rrier !nd ,ic<-u, truc<. 10% - T*e Co',!n+ entered into !n !/ree'ent ;it* Birfie"d Ltd.: to for' !*indr! Sintered Product Pri6!te Li'ited for t*e '!nuf!cture of ! ;ide r!n/e of e"f "u4ric!tin/ 4e!rin/. 10&
- T*e Intru'ent!tion K E"ectronic Di6iion c!'e into e>itence ! ! reu"t of 'er/er of t*e ;*o""+-o;ned u4idi!r+ of !*indr! En/ineerin/ Co. Ltd.: ;it* t*e Co',!n+ ;it* effect fro' 1t A,ri" 10&. T*e !cti6itie of t*e 'er/ed co',!n+ ;ere 4ein/ c!rried on in t*i di6iion. - T*e Co',!n+ !cuired t*e ;*o"e ,!id-u, c!,it!" of !*indr! E"ectroC*e'ic!" Product Ltd. Co',!n+. - )it* effect fro' 1t A,ri": t*e ;*o""+ o;ned u4idi!r+ !*indr! En/ineerin/ Co. Ltd.: ;! 'er/ed ;it* t*e Co',!n+. Intern!tion!" Tr!ctor Co',!n+ of Indi! Ltd.: ;! 'er/ed ;it* t*e Co',!n+ effecti6e fro' 1t No6e'4er 10((.
10( - T*e n!'e ;! c*!n/ed fro' !*indr! V!n )i5< K Vier Ltd. to !*indr! K !*indr! Ltd. T*i ;! 'er/ed ;it* t*e Indi!n N!tion!" Diee" En/ine Co.: Ltd.: durin/ 10((-(. 10(( - (#: - (-0.3Q Pref. !nd 12:0:22 No. of Euit+ *!re !""otted ;it*out ,!+'ent in c!* to *!re*o"der of Intern!tion!" Tr!ctor Co. Ltd.: on it 'er/er in ,ro, 181 Pref. !nd 283 Euit+. 12:%-(.Q Pref. *!re redee'ed on 1.2.10(0. 10( - T*e Co',!n+ t!rted ne/oti!tion ;it* B!"!ni! . !c*!ro,ou"o Ltd.: At*en for 5oint"+ ,ro'otin/ ! ne; co',!n+ in Jreece for t*e '!nuf!cture of Gee, 6e*ic"e !nd truc<. Initi!""+: it ;! ,ro,oed to !e'4"e t*ee 6e*ic"e '!in"+ fro' CD ,!c< to 4e *i,,ed fro' Indi!.
10(0 - %(:22:(&# Bonu euit+ *!re iued in ,ro,. 181. 103 - (&:3:3%2 Bonu euit+ *!re iued in ,ro,. 283 in Octo4er 10#. 10# - !*indr! S,icer Ltd. ?SL: ;! !'!"/!'!ted ;it* !*indr! K !*indr! Ltd. ?L ;it* effect fro' 3rd A,ri". Puru!nt to t*e c*e'e of !'!"/!'!tion of SL ;it* L: t*e *!re*o"der of SL ;ere !""otted 1::1&& euit+ *!re of L in t*e r!tio of 1 euit+ *!re of L for e6er+ & *!re *e"d in SL. - T*e Co',!n+ entered into ! co""!4or!tion !/ree'ent ;it* $or!'er S. A.: !n !oci!te of $or!o" S.A.: for ,urc*!e of I"e d A'terd!' !n off*ore dri""in/ ri/ !t ! ,rice 7.S. .(% 'i""ion. T*e Co',!n+ !rr!n/ed for ! forei/n currenc+ "o!n t*rou/* B!n< of B!rod!. In
6ie; of t*i ,urc*!e: t*e Co',!n+ o4t!ined ! fir' order fro' ONJC for dri""in/ er6ice for 2 +e!r. 10% - A "etter of intent ;! o4t!ined for t*e '!nuf!cture of %: "ine of EPABFPA in co""!4or!tion ;it* OL E"ectric Co. of G!,!n. - T*e Co',!n+ !"o i/ned ! e'or!ndu' of 7ndert!ndin/ ;it* t*e Briti* Te"eco' ,.".c. of London under ;*ic* t*e t;o co',!nie ;ere to 5oint"+ e>,"ore !nd de6e"o, o,,ortunitie in te"eco''unic!tion !nd tec*nic!" fie"d in Indi!. - BT ;! '!de ! u4idi!r+ of t*e Co',!n+ ;it* &Q *o"din/ !nd t*e re'!inin/ #Q ;! u4cri4ed 4+ t*e forei/n ,!rtner: t*e Briti* Te"eco''unic!tion ,.".c.: 7.. ?BT for ,ro6iion of oft;!re
en/ineer of BT to ;or< on 6!riou ,ro5ect of BT in t*e 7.. BT !"o decided to iue euit+ c!,it!" to t*e e>tent of R # crore out of ;*ic* *!re ;ort* R 2.# crore ;ere to 4e offered to !*indr! K !*indr! Ltd.: for u4cri,tion !nd t*e 4!"!nce *!re ;ort* R 1.& crore ;ere to 4e offered to BT. 10( - ?1( 'ont*: !,,ro6!" fro' Jo6ern'ent ;! recei6ed for t*e '!nuf!cture of Peu/eot %# ,ic<-u, 6e*ic"e in co""!4or!tion ;it* Auto'o4i"e Peu/eot of $r!nce. - A ne; 'ode" -%0% tr!ctor in t*e % H.P. r!n/e ;! introduced. 10 - T*e Co',!n+ !cuired ! off-*ore dri""in/ ri/ I"e d A'terd!' fro' $or!'er S. A.: $r!nce ! on 1t !rc*. A fir' "etter of intent ;! recei6ed for one "!nd ri/ for dri""in/ o,er!tion !t G;!"!'u<*i: Hi'!c*!" Pr!de* !/!int ! tender fro' ONJC. T*e Co',!n+ !"re!d+ entered into !n !/ree'ent ;it* $or!o" S.A.: for ,urc*!e of ! "!nd ri/ !nd re"!ted eui,'ent. 100 - Durin/ t*e +e!r i',ro6ed 6erion of CG % r!n/e of 5ee, !nd $G r!n/e of LCV ;ere introduced. A"o ! ,ort+ 'ode" of 5ee, ;! introduce ;*ic* ;! ;e"" recei6ed 4+ t*e t!r/et !udience. - Durin/ Se,te'4er: t*e Co',!n+ !cuired t*e !uto'oti6e ,rein/ unit !t !n*e fro' Juet een )i""i!': Ltd. for ! /ro conider!tion of R2.(% crore. T*e unit *! !n int!""ed c!,!cit+ of 1: tonne ,er !nnu'. 100 - T*e Auto'oti6e di6iion f!ced !d6ere '!r
di6iion introduced ! direct in5ection diee" en/ine: t*e DI 2% A en/ine on t*e CG % 6e*ic"e. A ne; fue" efficient 1 e!ter 6e*ic"e *!6in/ ! direct in5ection diee" en/ine ;! introduced. - A "etter of intent ;! o4t!ined fro' ONJC for e>tenion of t*e contr!ct for ! furt*er ,eriod of one +e!r. Ho;e6er: on !ccount of cert!in ,rocedur!" de"!+ ONJC de*ired t*e ri/ !nd it re'!ined nono,er!tion!" for !4out 1& d!+. Ho;e6er: t*e Co',!n+ recei6ed ! contr!ct fro' ONJC for ! 'uc* *i/*er d!+ r!te !nd t*e ri/ ;! renderin/ er6ice to ONJC ;it* effect fro' 0t* No6e'4er. - T*e Co',!n+ iued #:1&:12-12.%Q fu""+ con6erti4"e de4enture of R 11 e!c* ;it* ! ,ro6iion to !,,"+: inte!d: for %:&:23& fu""+ con6erti4"e =ero interet 4ond of R 0 e!c*. An o,tion ;! /i6en to !,,"+ for ! co'4in!tion of de4enture !nd 4ond u45ect to !n
!//re/!te6!"ue of R %2:0(:&1:32. T*ee de4entureF4ond ;ere offered on ri/*t 4!i to t*e t*en e>itin/ euit+ *!re*o"der in t*e r!tio of one de4enture for e6er+ four euit+ *!re *e"d. T*e iue ;! fu""+ u4cri4ed. Addition!" 4ondFde4enture ;ere iued to ret!in t*e o6er-u4cri,tion to t*e e>tent of 1%Q of t*e iue ;*ic* i eui6!"ent to (:22:#1 de4enture of R 11 e!c*. - T*rou/* !not*er "etter of offer: t;o 4"oc< conitin/ of :&#:#0 de4enture e!c* ;ere offered to !*indr! Co',!nie !nd Intern!tion!" $in!nce Cor,or!tion: )!*in/ton: re,ecti6e"+ ;it* !n o,tion to !,,"+ for 4ond u45ect to t*e !//re/!te 6!"ue of R 0:%:#%:30 for e!c* 4"oc<. T*e iue ;! fu""+ u4cri4ed. Addition!" 4ondFde4enture ;ere iued to ret!in t*e o6er-u4cri,tion to t*e e>tent of 1%Q of t*e iue ;*ic* i eui6!"ent to 1:20:&( de4enture of R 11 e!c* for e!c* 4"oc<.
- T*e e',"o+ee ?inc"udin/ Indi!n ;or
$r!nce: ! u4idi!r+ of Auto'o4i"e Peu/eot: $r!nce ! on G!nu!r+.
1t*
- A ,er t*e ter' of t*e iue: ! ,ortion of R %% of e!c* de4enture ;! con6erted into one euit+ *!re of R 1 !t ! ,re'iu' of R #% ,er *!re !nd ! ,ortion of R #% e!c* 4ond ;! con6erted into one euit+ *!re of R 1 !t ! ,re'iu' of R 3% ,er *!re !n on 1t A,ri". - Accordin/"+: t*e Co',!n+ !""otted #0:0:3%# euit+ *!re on con6erion of de4enture !nd 3#:#:#2 euit+ *!re on con6erion of 4ond. T*e 4!"!nce !'ount of e!c* 4ond !nd de4enture ;! to 4e con6erted ! ,er t*e !'e ter' /i6en !4o6e !t t*e end of 1 'ont* fro' t*e d!te of !""ot'ent.
- In order to 'eet t*e "on/ ter' ;or,ir+ of i> 'ont* !nd 3& 'ont* fro' t*e d!te of !""ot'ent of de4enture.
- Anot*er 3:&2:13& non-con6erti4"e de4enture ;it* det!c*!4"e ;!rr!nt ;ere !"o offered to e',"o+ee on !n euit!4"e 4!i. On"+ 2:2:3 de4enture t!erciin/ t*e ri/*t !tt!c*ed to t*e ;!rr!nt 4et;een & 'ont* !nd 3& 'ont* fro' t*e d!te of !""ot'ent of de4enture. T*e de4enture ;ere to 4e redee'ed not e!r"ier t*!n t*e end of (t* +e!r 4ut not "!ter t*!n t*e end of t*e 1t* +e!r fro' t*e d!te of !""ot'ent of de4enture. 1003 - T*e Auto'oti6e di6iion undertoo< to introduce ! ;ide r!n/e of ,roduct uc* ! 'ini 4u: De"u>e: Ar'!d! de"u>e: C!4
100# - Durin/ t*e +e!r ! ne; Co',!n+ !*indr! 7SA Inc. *!d 4een et!4"i*ed in Te>!: 7.S.A. ;it* t*e o45ecti6e of incre!in/ tr!ctor !"e in 7.S. - 0:(3:2 *!re !""otted to t*e ert;*i"e *!re*od"er of NAL 11:1#:&2 *!re !""otted !/!int t*e det!c*!4"e ;!rr!nt. 3%:%:(# *!re !""otted to $ord otor Co',!n+ 7SA: !t ! ,re'iu' of R 3( ,er *!re. 2:: *!re !""otted to t*e ,ro'oter /rou,. 100% - A Ne; LCV 'ode"-c!4
6e*ic"e. T*e Co',!n+ *! !n euit+ ,!rtici,!tion of R 1& crore e!c* 4+ $ord !nd t*e Co',!n+. - 22:(1:322 No. of Euit+ *!re !""otted in con6erion of ;!rr!nt. #(:1(:#0 4onu euit+ *!re iued in ,ro,ortion 283. - T*e tr!ctor di6iion recei6ed t*e ISO 01 certific!tion fro' T7V of Jer'!n+. 100& - T*e Co',!n+ ,ro,oed to introduce t*e UAr'!d! Jr!nd ;it* D3 diee" en/ine: % ,eed BA 1 tr!n'iion ;it* !ir-conditionin/ !nd ,o;er teerin/ ! t!nd!rd fe!ture. Ne; 'ode" "i
- Ne; ,roduct 6i=. 2(% DI T7 u,/r!de B-2(% 'ode" ;it* incre!ed ,o;er !nd %%-C: %% DI 'ode" ;it* cont!nt 'e* tr!n'iion for e!e o,er!tion ;ere introduced. - K i ettin/ u, !n en/ineerin/ !nd ,roduct de6e"o,'ent centre !t T*!ne to tren/t*en it tec*no"o/+ !nd dei/nin/ c!,!citie. - K i ettin/ u, ! 5oint 6enture ;it* ondr!/on Cor,or!tion of S,!in in t*e !re! of iron foundr+. T*e 5oint 6enture !/ree'ent ;! i/ned in S,!in 4+ - !t !n Indo-S,!in 5oint 4uine counci" 'eetin/ or/!nied 4+ t*e $eder!tion of Indi!n C*!'4er of Co''erce !nd Indutr+ !nd t*e Aoci!tion of C*!'4er of Co''erce !nd Indutr+ of Indi!. - K i enterin/ into ! %8% 5oint 6enture ;it* t*e 4i""ion C!e of t*e 7S for '!nuf!cturin/ *i/* *ore ,o;er tr!ctor. - T*e K-Se!"!nd 5oint 6enture i coniderin/ introducin/ ! Ro-Ro ?Ro""-on: Ro""-off r!i";!+ er6ice in Indi!. - T*e !*indr! /rou, *! tied u, ;it* Se/! Enter,rie Ltd !nd itu4i*i Cor,or!tion of G!,!n to for' ! 5oint 6enture ?GV in Indi! to de6e"o, !nd "!unc* Se/! 4r!nded f!'i"+ entert!in'ent centre. - K *! i/ned !n !/ree'ent ;it* C*e'o"eu' Ltd under ;*ic* K ;i"" ue ! ,eci!" u!"it+ of C*e'o"eu' "u4ric!tin/ oi": !*indr! Sin/"et!r: for it tr!ctor.
- K *! i/ned ! ;!/e !/ree'ent ;it* it union !t it !uto'oti6e ,"!nt !t !ndi6!"i: e6o"6in/ ! !*indr! Production S+te' ?PS ;*ic* i !n !'!"/!'!tion of "!tet ;or< 'e!ure'ent tec*niue !nd To+ot! Production S+te'. 100 - A 5oint 6enture co',!n+ i 4ein/ ,ro'oted 4+ !*indr! !nd !*indr! Li'ited: Infr!tructure Le!in/ !nd $in!nci!" Ser6ice !nd T!'i" N!du Indutri!" De6e"o,'ent Cor,or!tion to et u, !n indutri!" ,!r< ne!r C*enn!i to !ttr!ct !uto !nci""!r+ unit !nd !"" c!te/orie of non,o""utin/ indutrie. - 7ti"it+ 6e*ic"e '!nuf!cturer: !*indr! !nd !*indr! ?K on !+ 2( i/ned ! ,roducti6it+ !nd c!,!cit+ "in
- D!ni* co',!n+ !er<: !*indr! K !*indr! !nd t*e T!'i" N!du Indutri!" De6e"o,'ent Cor,or!tion ?Tidco ,ro,oe to et!4"i* ! 5oint 6enture to de6e"o, Co"!c*e" on ;etern co!t of out* T!'i" N!du into ! *u4 ,ort. - !*indr! K !*indr! ?K i !"" et to f"o!t ! %8% 5oint 6enture co',!n+ ;it* t*e Pun5!4 t!te /o6ern'ent for ettin/ u, ! *i-tec* !/ro-co''odit+ e>c*!n/e in t*e t!te. 1000 - K *! et u, ! ne; co',!n+ - !*indr! Auto S,eci!"itie Ltd - for 4u""et-,roofin/ ,!en/er 6e*ic"e !nd ,ro6idin/ ,eci!"ied er6ice. K *! i/ned !n o7 ;it* P"!!n S!! of Ir!e" for dei/n !nd de6e"o,'ent of !r'oured ?4u""et ,roof o"ution on K uti"it+ 6e*ic"e for ue 4+ Indi!n ecurit+ force. - T*e !*indr! K !*indr! /rou, !nd t*e TVS /rou, *!6e f"o!ted ! 5oint 6enture to ,ro6ide oft;!re o"ution to t*e !uto'o4i"e ector. - !*indr! !nd !*indr! ?K i ;or
;it*in -1 'ont* fro' no;. 2 - T*e Co',!n+ ;i"" 4e "!unc*in/ it firt CNJ-,o;ered uti"it+ 6e*ic"e in De"*i. - T*e Co',!n+ coneuent to dici,"in!r+ !ction t!e 2 in )etern !*!r!*tr!. - !*indr! Auto S,eci!"iite Ltd: ! ;*o""+-o;ned u4idi!r+ of t*e co',!n+ de"i6er+ of t*e firt Netic"e ?net-6e*ic"e - 4r!nd n!'ed Wu!dro - in Indi!. - T*e Co',!n+ *! "!unc*ed it ne; /ener!tion tr!ctor Ar5un &% DI !t t*e !ndi6!"i ,"!nt. - T*e Co',!n+ !nd $renc* c!r '!,"ore t*e ,oi4i"it+ of uin/ Ren!u"t ,etro" en/ine for K ,"!nned Scor,io uti"it+ 6e*ic"e.
- T*e Co',!n+ *! "!unc*ed ! fre* 6o"unt!r+ c*e'e for e',"o+ee in it tr!ctor di6iion. T*e Sc*e'e ;i"" o,en on Gune !nd ;i"" continue ti"" Gu"+ 31. - T*e Co',!n+ i et to "!unc* it 2.%-"itre 'u"ti-uti"it+ 6e*ic"e: Bo"ero. - T*e Co',!n+ "!unc*ed t*e 30 HP !nd # HP 'ode" of it UB*oo'i Putr! r!n/e of tr!ctor. - T*e Co',!n+ *! entered into ! tec*nic!" !""i!nce ;it* Autri!n en/ine '!nuf!cturer AVL "it J'4H for ,roduction of "i/*t co''erci!" 6e*ic"e of 3.% tonne c!,!cit+. - K ;i"" "!unc* t*e LCV under t*e ULo!dt +e!r. - K *! "!unc*ed it firt & HP c"! tr!ctor Ar5un &% DI *ere: ;i"" fro' no; ro"" out ! ne; 'ode 6er+ i> 'ont*. - T*e Co',!n+ t*e uti"it+ 6e*ic"e '!r,!nion:
- !*indr! K !*indr! i "itenion er6ice di6iion c!""ed !*indr! S*u4* L!4*: ;*ic* ;i"" ,ioneer t*e 4ui"din/ of ! c*!in of one-to, *o, offerin/ ! co',re*eni6e r!n/e of f!r'-/!te er6ice. - !*indr! Intertr!de: t*e "!r/et non-!uto'oti6e co',!n+ of t*e !*indr! K !*indr! /rou,: *! entered into ! ditri4ution !""i!nce ;it* Le/o. - r. An!nd J. !*indr! *! 4een !,,ointed ! Vice-C*!ir'!n !nd !n!/in/ Director.
- !*indr! K !*indr! i et to "!unc* t*ree ne; 6!ri!nt of it uti"it+ 6e*ic"e Bo"ero to 4oot it ,reence in t*e ur4!n e/'ent. - T*e tric*!n/e ?BSE on 5une 1# fue""ed 4+ '!r
?current"+ t*e A"tern!te Director to r.Le;i ). . Boot* *! 4een !,,ointed ! ! Director of t*e Co',!n+ ;.e.f. Octo4er 3: 22 in t*e 6!c!nc+ c!ued 4+ t*e ce!tion of Director*i, of r. Le;i ).. Boot*. r. V.. C*!n!n! *! 4een !,,ointed ! ! No'inee Director of 7TI ;.e.f. Octo4er 3: 22 in ,"!ce of r. S!n5i6 !,oor ;*oe no'in!tion *! ince 4een ;it*dr!;n 4+ 7TI. 23 -7n"e!*e ! Pi< 7, uti"it+ 6e*ic"e - Si/ned !n !/ree'ent ;it* C!n!r! B!n< . )*ere in: C!n!r! B!n< ;i"" ,ro6ide "o!n to t*oe f!r'er ;*o !re ;i""in/ to 4u+ !*indr! tr!ctor !nd ot*er f!r' i',"e'ent. - !*indr! !nd !*indr! Ltd on Dece'4er 2#t* *o;c!ed it ne; ,roduct: Bo"ero L !nd Bo"ero LS: for ,ro,ecti6e cuto'er in !rn!t!ecuti6e VicePreident ?Hu'!n Reource K Cor,or!te Ser6ice. r Du4e+ *! ,re6iou"+ *e"d enior ,oition !t T!t! Stee" !nd ;! t*e '!n!/in/ director of T!t! et!"i<. -Auto /i!nt !*indr! !nd !*indr! *! "!unc*ed it "!tet 6!ri!nt of Bo"ero L r!n/e *ere on G!nu!r+ 10: 2#: t*u *er!"din/ it "!unc* !cro t*e St!te.
-K enter into !/ree'ent for !cuirin/ '!5orit+ t!c*!n/e Ltd ;.e.f. G!nu!r+ 1&: 2#. -K un6ei" inno6!tion '!tri> to en*!nce ,erfor'!nce -!*indr! S,eci!" 4eco'e K ne; IT unit -Euit+ *!re de"ited fro' !dr! Stoc< E>c*!n/e - tied u, ;it* !n Ir!n-4!ed co',!n+ B!rc*in
-He'!nt Lut*r! to *e!d K ne; SAT Sector -Den! B!n< in< o7 ;it* K for tr!ctor "o!n
2% - !*indr! K !*indr! tr!ctor to, de!"er in t*e 7S *! 4eco'e t*e "!r/et tr!ctor de!"er in t*e 7S: 'uc"in/ ,!t de!"er of Go*n Deer: Ne; Ho""!nd !nd u4ot!. -K for!+ into Autr!"i!n tr!ctor '!recute GV A/ree'ent ;it* Ren!u"t -Scor,io un6ei"ed in !"!+i! on !+ #: 2% -K: Ren!u"t in< o7 to et u, R %% crore c!r '!nuf!cturin/ ,"!nt in N!i< -K introduce ne; ,ic<-u, 6e*ic"e on Gu"+ &: 2% -!*indr! un6ei" 3-;*ee"er c!r/o c!rrier C*!',ion A"f! 'ode" -!*indr! K !*indr! in< ! GV ;it* Intern!tion!" Truc< K En/ine Cor,or!tion: 7SA -!*indr! K !*indr! enter into !/ree'ent ;it* P"e>ion Tec*no"o/ie: !uritiu
-K *! i/ned ! 'e'or!ndu' of undert!ndin/ ;it* t*e S!i/!" f!'i"+ of P!,ortin/ tr!ctor to t*!t countr+.. 2& -K un"e!*e Scor,io Pi<-7, in Sout* Afric! -K un6ei" t*ree-;*ee"er c!r -K Hin/n! unit enter into ne; ne; ;!/e !/ree'ent - !*indr! K !*indr! Ltd on Oct 11:2& i/ned ! !/ree'ent ;it* ITCo ?Ir!n Tr!ctor !nuf!cturin/ Co to e"" tr!ctor in Ir!n. T*e !/ree'ent ;! i/ned in Te*r!n. -!*indr! K !*indr! ?K !nd $renc* !uto'!
