Company reports 86,013 beneficiaries across healthcare, education, livelihoods, sanitation and farmer-focused programmes
NEW DELHI (India CSR): DCM Shriram Limited spent Rs. 21.25 crore on corporate social responsibility initiatives during the financial year 2025-26, exceeding its statutory CSR obligation of Rs. 19.82 crore by Rs. 1.43 crore. The company deployed the funds across preventive healthcare, education, vocational skills, livelihoods, sanitation, environmental sustainability, rural development and agricultural entrepreneurship. According to its annual report, CSR programmes reached 86,013 people during the year. Most beneficiaries belonged to vulnerable or marginalised communities.
CSR Spending Overview
| Particulars | FY 2025-26 |
|---|---|
| Average net profit under Section 135(5) | Rs. 990.68 crore |
| Prescribed CSR expenditure at 2% | Rs. 19.82 crore |
| Spending on CSR projects | Rs. 20.26 crore |
| Administrative overheads | Rs. 0.99 crore |
| Impact assessment expenditure | Nil |
| Total CSR expenditure | Rs. 21.25 crore |
| Excess spending | Rs. 1.43 crore |
| Unspent current-year CSR amount | Nil |
| Amount transferred to a Schedule VII fund | Nil |
| Amount available for future set-off | Rs. 1.43 crore |
The expenditure was approximately 7.2% higher than the statutory requirement. Programme expenditure accounted for 95.3% of total CSR spending, while administrative overheads represented 4.7%. No surplus from earlier CSR programmes was available for adjustment during the year.
Comparison with Previous Year
DCM Shriram had spent Rs. 24.49 crore on CSR during FY 2024-25. Its expenditure in FY 2025-26 was consequently Rs. 3.24 crore lower, representing a year-on-year decline of approximately 13.2%. The reduction reflected a lower statutory requirement. The prescribed amount declined from Rs. 24.49 crore in FY 2024-25 to Rs. 19.82 crore in FY 2025-26. Despite the decline in absolute expenditure, the company spent more than its legally required amount and reported no current-year shortfall.
Consolidated Accounts Report Rs. 21.47 Crore Expenditure
The consolidated financial statements separately reported CSR expenditure of Rs. 21.47 crore against a consolidated requirement of Rs. 20.04 crore. This figure covers the consolidated reporting entity and is therefore different from the Rs. 21.25 crore disclosed in DCM Shriram Limitedโs statutory standalone CSR report. Both disclosures showed an excess of Rs. 1.43 crore. The standalone figure remains the relevant number for assessing the companyโs own compliance under Section 135 of the Companies Act, 2013.
CSR Strategy and Programme Structure
DCM Shriram implements its social development initiatives through the DCM Shriram Foundation. Its approach is organised around two principal programmes:
- Khushali Programme: Healthcare, education, sanitation, skilling, livelihoods and environmental sustainability.
- Jeetega Kisaan: Climate-resilient agriculture, soil health, water-use efficiency and agricultural entrepreneurship.
The company follows five guiding principles: community centricity, collaboration, sustainability, scalability and measurable impact. Its programme design focuses on strengthening community ownership, local institutions, government convergence, partnerships, data-based monitoring and long-term sustainability.
Project-Wise Beneficiary Details
The Business Responsibility and Sustainability Report disclosed the following project-level reach:
| CSR project | Beneficiaries | Vulnerable or marginalised beneficiaries |
|---|---|---|
| Khushali Sehat โ Mobile Health Units | 15,532 | 90% |
| DCM Shriram Skill Academy | 374 | 90% |
| Khushali Rozgaar โ DCS Operator | 15 | 100% |
| Khushali Rozgaar โ Project Zardozi | 50 | 100% |
| Khushali Rozgaar โ Siali School | 103 | 90% |
| Khushali Shiksha | 6,734 | 80% |
| Agriculture Extension | 169 | 90% |
| Soil Health Improvement | 8,040 | 80% |
| Krishi Udyam โ Agri-Entrepreneurship | 18,256 | 80% |
| Hadoti Agro Farmer Producer Company | 540 | 80% |
| Cattle Development | 10,000 | 90% |
| Khushali Swachhata | 26,200 | 60% |
| Total | 86,013 | โ |
Khushali Sehat: Maternal and Child Healthcare
Khushali Sehat focused on improving access to maternal and child healthcare in rural and underserved areas. Mobile health units provided antenatal care, postnatal consultations, risk identification, counselling and referrals.
Programme disclosures reported:
- 26,618 antenatal check-ups
- 21,627 postnatal consultations
- 7,744 high-risk pregnancies identified
- 93.89% institutional delivery rate among high-risk cases
- Training for 251 ASHA workers
- Capacity building of 95 Anganwadi workers
- Training for 22 staff nurses
- Orientation of 17 supervisors
The annual programme narrative recorded 14,423 direct beneficiaries through mobile health units, while the broader BRSR project disclosure reported 15,532 beneficiaries. The difference appears to arise from the reporting scope used in the two sections.
Khushali Shiksha: Early Childhood Education
Khushali Shiksha strengthened early childhood care and education through a hub-and-spoke model covering 156 Anganwadi centres in Hardoi and Lakhimpur Kheri. Pratham Education Foundation served as an implementation partner for the programme.
Major outcomes included:
- Educational support for 4,318 children
- Engagement with 4,226 mothers
- Participation of 602 community stakeholders
- Capacity building for 196 Anganwadi workers
- Orientation of 64 supervisors
- Residential training for 17 supervisors
The initiative worked to improve school readiness, teaching practices, hygiene awareness, documentation and parental participation.
Lakshya Navodaya Programme
The Lakshya Navodaya initiative provided entrance-examination preparation to Class 4 and Class 5 students from government schools in Hardoi. The programme covered 19 schools, engaged 30 teachers and supported 137 children appearing for Jawahar Navodaya Vidyalaya and Atal residential school entrance examinations.
Khushali Swachhata: Solid Waste Management
Khushali Swachhata operated in six wards of Hardoi and two gram panchayats in Bharuch. It followed a decentralised โZero Waste at Zero Costโ model.
Key results included:
- Door-to-door collection from 8,550 households
- Source-segregation compliance ranging from 88% to 100%
- Collection and processing of 1,026 metric tonnes of wet waste
- Production of 93 metric tonnes of compost
- Diversion of 97.7 metric tonnes of dry waste from landfills
The Bharuch model received exposure visits from 123 government officials and was also visited by a UNICEF Delhi team.
Khushali Rozgaar: Skills and Livelihoods
The DCM Shriram Skill Academy provided vocational training in Hardoi, Lakhimpur Kheri and Bharuch.
General Duty Assistant Training
A total of 121 young people received healthcare-related training. The programme recorded a placement rate of 90.9%, with placed candidates earning an average monthly income of Rs. 16,640.
Electrical and Solar Technician Training
The company trained 234 participants in electrical and solar technologies. The programme achieved an 85.4% placement rate, while average monthly income among placed candidates stood at Rs. 15,453. Additional livelihood interventions supported women artisans in zari embroidery and sewing and trained students in industrial plant operations and automation.
Khushali Paryavaran: Environmental Sustainability
The environmental programme concentrated on water conservation, afforestation, biodiversity and community management of natural resources.
Reported achievements included:
- Creation of 3,90,451 cubic metres of surface-water storage capacity
- Engagement with 50 community-based Jal Samitis
- Plantation of 24,750 native trees
- Restoration through the plantation of 7.56 lakh mangroves in Gujarat
The programme covered areas around Hardoi, Lakhimpur Kheri, Kota and Bharuch. Technical collaborations included organisations such as NM Sadguru Foundation, BAIF and PANI Foundation.
Climate-Smart Agriculture
DCM Shriram Foundation worked with the Council on Energy, Environment and Water and the Gujarat Green Revolution Company to study the expansion of climate-smart micro-irrigation. The research examined adoption barriers, financing requirements, water-use efficiency and technology-led solutions. It noted that Gujarat had extended micro-irrigation across more than 2.3 million hectares, benefiting approximately 1.48 million farmers, while utilising only around 30% of its estimated potential.
The Foundation also organised multi-stakeholder roundtables in Lucknow, New Delhi and GIFT City. Discussions focused on soil health, water security, climate finance, digital technologies, public-private partnerships and farmer-centred innovation.
Upjau Mati Pariyojana
The soil health campaign operated across 120 villages in Hardoi and Lakhimpur Kheri. Mobile soil-testing vans provided farm-level assessments and customised crop advice. The programme trained 1,523 lead farmers, who subsequently mentored another 6,541 farmers. It promoted aerobic composting using agricultural waste to improve soil organic matter and reduce dependence on chemical inputs.
Krishi Udyam Pariyojana
The Krishi Udyam programme developed progressive farmers and rural youth as agricultural entrepreneurs capable of providing mechanisation and allied services.
Its reported outcomes included:
- 256 agricultural entrepreneurs trained
- 1,923 machines deployed
- More than 5.62 lakh operational hours recorded
- Rs. 39.12 crore generated from machinery rentals
- Rs. 8.89 crore generated from haulage services
- Rs. 19.20 crore in subsidies facilitated for machinery and solar pumps
- 18,256 beneficiaries reported in the BRSR
The programme aimed to improve access to farm machinery while creating sustainable rural enterprises.
Aspirational District Spending
DCM Shriram reported spending Rs. 15.92 lakh on an agricultural skilling project in Sonbhadra, Uttar Pradesh, which is identified as an aspirational district.
Treatment of Earlier Unspent CSR Funds
The company reported that Rs. 0.06 crore remaining from FY 2023-24 was utilised during FY 2025-26. The amount had been associated with ongoing projects and maintained in an Unspent CSR Account as required under Section 135(6).
The earlier unspent-fund position was:
| Financial year | Amount originally transferred | Position during FY 2025-26 |
|---|---|---|
| FY 2022-23 | Rs. 3.51 crore | No balance reported |
| FY 2023-24 | Rs. 2.01 crore | Remaining Rs. 0.06 crore utilised |
| FY 2024-25 | Nil | No pending amount |
No amount remained outstanding from these years at the end of FY 2025-26.
Capital Assets Created Through CSR
DCM Shriram reported the creation or acquisition of 58 capital assets using CSR funds during FY 2025-26. These assets formed part of the companyโs development interventions and were separately disclosed through its corporate website.
Impact Assessment Position
No project met the prescribed threshold for mandatory impact assessment under Rule 8(3) of the Companies (Corporate Social Responsibility Policy) Rules, 2014 during FY 2025-26. The company nevertheless stated that it regularly monitors its initiatives and periodically conducts third-party baseline and impact assessments. Monitoring includes quarterly field visits, partner review calls and community feedback. Give Grants was identified as the external organisation supporting programme monitoring and evaluation.
CSR Governance
The CSR Committee comprised nine directors and held two meetings during the year.
| Director | Position | Meetings attended |
|---|---|---|
| Ajay S. Shriram | Chairman and Senior Managing Director | 2 |
| Vikram S. Shriram | Vice Chairman and Managing Director | 2 |
| Ajit S. Shriram | Joint Managing Director | 2 |
| Aditya A. Shriram | Deputy Managing Director | 1 |
| Justice (Retd.) Vikramajit Sen | Independent Director | 2 |
| Pravesh Sharma | Independent Director | 2 |
| Rabi Narayan Mishra | LIC Nominee Director | 2 |
| Seema Bahuguna | Independent Director | 2 |
| Dr. Simrit Kaur | Independent Director | 2 |
The committee formulates and reviews the CSR policy, recommends the annual action plan, monitors implementation and guides alignment between social, environmental and business priorities. The Board approved the FY 2025-26 CSR action plan on 5 May 2025.
CFO Utilisation Certification
Chief Financial Officer Amit Agarwal certified that the CSR funds disbursed during FY 2025-26 were used for the purposes and in the manner approved by the Board. The certification was issued under Rule 4(5) of the Companies (Corporate Social Responsibility Policy) Rules, 2014.
CSR Compliance Assessment
DCM Shriram fulfilled its CSR responsibility for FY 2025-26 and spent Rs. 1.43 crore beyond the prescribed amount. It had no current-year unspent balance and was not required to transfer funds to an Unspent CSR Account or a Schedule VII fund. The company can carry forward the excess amount of Rs. 1.43 crore for adjustment against CSR obligations in succeeding financial years, subject to statutory conditions.
Complete List of CSR Project Beneficiaries
DCM Shriram Limited reported 86,013 CSR beneficiaries during FY 2025-26. The annual report provides beneficiary numbers for each project but does not disclose the amount allocated to every individual project.
| S. No. | CSR project | Nature of beneficiaries | Number benefited | Vulnerable or marginalised |
|---|---|---|---|---|
| 1 | Khushali Sehat โ Mobile Health Units | Pregnant women, lactating mothers and women needing maternal healthcare | 15,532 | 90% |
| 2 | DCM Shriram Skill Academy | Rural youth trained as general duty assistants, electricians and solar technicians | 374 | 90% |
| 3 | Khushali Rozgaar โ DCS Operator | Students trained in chemical plant operations and automation | 15 | 100% |
| 4 | Khushali Rozgaar โ Project Zardozi | Rural women artisans trained in zari embroidery | 50 | 100% |
| 5 | Khushali Rozgaar โ Siali School | Rural women trained in sewing and tailoring | 103 | 90% |
| 6 | Khushali Shiksha | Anganwadi children, mothers, workers, supervisors and community stakeholders | 6,734 | 80% |
| 7 | Jeetega Kisaan โ Agriculture Extension | Farmers trained in improved agricultural practices | 169 | 90% |
| 8 | Jeetega Kisaan โ Soil Health Improvement | Farmers supported through soil testing, composting and crop advisory | 8,040 | 80% |
| 9 | Krishi Udyam โ Agri-Entrepreneurship Development | Farmers and rural agricultural entrepreneurs accessing mechanisation services | 18,256 | 80% |
| 10 | Hadoti Agro Farmer Producer Company | Small and marginal farmers associated with a farmer producer organisation | 540 | 80% |
| 11 | Jeetega Kisaan โ Cattle Development | Livestock-owning farmers receiving breeding and animal healthcare services | 10,000 | 90% |
| 12 | Khushali Swachhata | Households and community members covered by solid-waste management services | 26,200 | 60% |
| Total | 86,013 |
Beneficiaries by Development Area
| Development area | Beneficiaries |
|---|---|
| Sanitation and waste management | 26,200 |
| Agriculture, soil health and livestock development | 36,? |
| Healthcare | 15,532 |
| Education | 6,734 |
| Skills and livelihoods | 542 |
| Total | 86,013 |
Correction: The agriculture-related beneficiary total is 37,005, comprising agriculture extension, soil health, agri-entrepreneurship, farmer producer organisation support and cattle development.
Detailed Beneficiary Profile
1. Women and Children
Pregnant women, lactating mothers, high-risk pregnancy cases, young children and caregivers were among the principal beneficiaries. Khushali Sehat delivered maternal and child healthcare, while Khushali Shiksha supported early childhood education.
2. Rural Youth
Young people from Hardoi, Lakhimpur Kheri and Bharuch received vocational training. Courses covered general duty assistance, electrical work, solar technology and industrial plant operations.
3. Rural Women Artisans
Women received livelihood training in zari embroidery, sewing and tailoring. These interventions aimed to improve skills, employability and household incomes.
4. Farmers
Farmers benefited from agricultural extension, soil testing, crop advisory, composting, mechanisation, water-use efficiency and climate-resilient farming practices.
5. Agricultural Entrepreneurs
The Krishi Udyam programme trained 256 agricultural entrepreneurs. Their machinery and allied services reached 18,256 beneficiaries.
6. Small and Marginal Farmers
Hadoti Agro Farmer Producer Company supported 540 farmers by improving access to agricultural services. More than 70% of the farmers from whom DCM Shriram sourced sugarcane were described as small local landholders.
7. Livestock-Owning Households
The cattle development programme served 10,000 beneficiaries through artificial insemination, better feeding practices and animal healthcare support.
8. Sanitation Programme Communities
Khushali Swachhata benefited 26,200 people. Its door-to-door waste collection system directly covered 8,550 households across Hardoi and Bharuch.
Thematic Summary
| Thematic area | Projects included | Beneficiaries |
|---|---|---|
| Agriculture and livestock | Agriculture Extension, Soil Health Improvement, Krishi Udyam, Hadoti Agro FPC and Cattle Development | 37,005 |
| Sanitation | Khushali Swachhata | 26,200 |
| Healthcare | Khushali Sehat | 15,532 |
| Education | Khushali Shiksha | 6,734 |
| Skills and livelihoods | Skill Academy, DCS Operator, Project Zardozi and Siali School | 542 |
| Total | 12 projects | 86,013 |
Source: DCM Shriram Limited Annual Report 2025-26, Business Responsibility and Sustainability Report, pages 58-59.
Source: DCM Shriram Limited Annual Report 2025-26, particularly BRSR pages 57-59, CSR programme pages 87-99, statutory CSR disclosures pages 100-102, standalone financial statement Note 38 and consolidated financial statement Note 36.
Foundations and Organisations Associated with DCM Shriramโs CSR Grants
DCM Shriram contributed Rs. 17.55 crore to its Section 8 subsidiary organisations for CSR activities during FY 2025-26. Of this, Rs. 17.49 crore related to the current yearโs CSR obligation.
The annual report identifies the following two Section 8 subsidiaries under the recipient category:
| S. No. | Foundation | Relationship | Individual grant disclosed |
|---|---|---|---|
| 1 | DCM Shriram Foundation | Section 8 subsidiary and philanthropic arm of DCM Shriram | Not separately disclosed |
| 2 | Shridhar Shriram Foundation | Section 8 subsidiary | Not separately disclosed |
| Combined CSR contribution to Section 8 subsidiaries | Rs. 17.55 crore |
The company grouped both foundations under โsubsidiariesโ in its related-party disclosure. Therefore, the annual report does not establish how the Rs. 17.55 crore was divided between them.
Other CSR Implementation and Knowledge Partners
The following organisations were named as programme, technical, research or monitoring partners. However, the report did not disclose whether they directly received grants or the amount paid to each organisation.
| Organisation | Programme or role | Grant amount |
|---|---|---|
| Pratham Education Foundation | Implementation partner for Khushali Shiksha and early childhood education | Not disclosed |
| MAMTAโHealth Institute for Mother and Child | Capacity building of frontline maternal healthcare workers | Not disclosed |
| CHETNA | Maternal healthcare training and frontline-worker capacity building | Not disclosed |
| N. M. Sadguru Water and Development Foundation | Water conservation and environmental sustainability collaboration | Not disclosed |
| BAIF | Technical collaboration for watershed management and environmental programmes | Not disclosed |
| PANI Foundation | Environmental sustainability and water-resource management collaboration | Not disclosed |
| Council on Energy, Environment and Water | Research and stakeholder engagement on climate-smart agriculture | Not disclosed |
| Gujarat Green Revolution Company | Collaboration on climate-smart micro-irrigation research | Not disclosed |
| Give Grants | Third-party monitoring, evaluation and community-feedback support | Not disclosed |
CSR Funding Reconciliation
| Particulars | Amount |
|---|---|
| Total CSR expenditure | Rs. 21.25 crore |
| Contribution to Section 8 subsidiaries for CSR activities | Rs. 17.55 crore |
| Balance spent through other routes, including projects and overheads | Rs. 3.70 crore |
| Administrative overheads included in total expenditure | Rs. 0.99 crore |
The Rs. 3.70 crore balance should not automatically be treated as grants to the listed partners. It may include direct programme expenditure, payments for services, project costs and administrative overheads.
Source: DCM Shriram Limited Annual Report 2025-26, standalone financial statements, Related Party Disclosure Note 31 and CSR Expenditure Note 38.
