Anand Rathi Wealth Ltd CSR Spending Report of Rs. 5.02 Crore for FY 2024-25

NEW DELHI (India CSR): In an era where businesses are increasingly judged by their contributions to society, Anand Rathi Wealth Limited stands as a beacon of corporate social responsibility (CSR). As a leader in India’s wealth management sector, the company has woven social good into its core operations, going beyond compliance to create meaningful change. In the fiscal year 2024-25, Anand Rathi Wealth Limited invested Rs 5.02 Crore in CSR initiatives, surpassing its legal obligations and touching the lives of over 58,000 individuals from marginalized communities. This report delves into the company’s CSR spending, highlighting its focus areas, governance, and the transformative impact of its efforts.

CSR Policy and Governance

Anand Rathi Wealth Limited’s CSR initiatives are guided by a comprehensive CSR Policy, accessible on its website (Anand Rathi Wealth Policies). The policy outlines the company’s commitment to addressing societal challenges through strategic interventions in areas such as education, healthcare, sports, and environmental sustainability. A dedicated CSR Committee, chaired by Anand Rathi and including Pradeep Navratan Gupta and Sudha Pravin Navandar, oversees the planning, execution, and monitoring of these initiatives. The committee held two meetings in 2024-25, ensuring robust governance and alignment with the Sustainable Development Goals (SDGs).

The CSR Committee’s role extends beyond approving projects; it ensures that funds are allocated effectively and that outcomes are measurable. By leveraging the company’s financial expertise, the committee designs initiatives that maximize social impact while adhering to the requirements of Section 135 of the Companies Act, 2013. The committee’s composition and activities are detailed in the Annual Report, ensuring transparency and accountability.

Table: Anand Rathi Wealth Ltd CSR Report 2024–25

CSR Obligation and Expenditure

As per the Companies Act, 2013, Anand Rathi Wealth Limited was required to spend 2% of its average net profit for the preceding three financial years, amounting to Rs 467.59 Lakhs for 2024-25. The company exceeded this obligation by spending Rs 502.00 Lakhs, resulting in an excess of Rs 34.70 Lakhs. This surplus reflects the company’s proactive approach to social responsibility and can be carried forward for offsetting future CSR obligations.

ADVERTISEMENT

The following table summarizes the CSR spending for 2024-25:

In comparison, the company spent Rs 293.82 Lakhs in 2023-24 against a required Rs 307.33 Lakhs, indicating a significant increase in CSR investment this year. No funds were allocated to administrative overheads or impact assessments, ensuring that the entire Rs 502.00 Lakhs was directed toward project implementation. The surplus from previous years was minimal (Rs 0.29 Lakhs), and no unspent amounts were reported for the preceding three financial years.

Focus Areas of CSR Initiatives

Anand Rathi Wealth Limited’s CSR activities are strategically aligned with Schedule VII of the Companies Act, 2013, and focus on areas with high social impact:

• Education and Vocational Skills: The company supports programs that enhance educational access and provide vocational training, particularly for children, women, the elderly, and differently abled individuals. These initiatives aim to improve employability and foster economic independence.
• Sports Promotion: Investments in rural sports, nationally recognized sports, paralympic sports, and olympic sports help nurture talent and promote physical well-being among underserved communities.
• Environmental Sustainability: The company contributes to ecological balance, flora and fauna protection, and animal welfare, reflecting its commitment to a sustainable future.

Additional focus areas include livelihood and financial inclusion, animal welfare, agriculture, community development, and healthcare. These efforts are designed to address systemic challenges while empowering marginalized groups, ensuring long-term societal benefits. The company’s CSR Policy emphasizes contributing to government-sponsored funds and registered organizations to achieve these objectives.

Beneficiaries and Impact

The CSR initiatives in 2024-25 reached 58,318 individuals, all of whom belong to vulnerable and marginalized groups. This 100% focus on underserved communities underscores the company’s commitment to inclusive development. The following table details key projects and their beneficiaries:

The significant reach of Parivaar Education Society, benefiting 56,790 individuals, highlights the scale of the company’s efforts in vocational training and education. Other projects, such as support for The Victoria Memorial School For the Blind, demonstrate a focus on specialized education for differently abled individuals. The projects were implemented through agencies like Manarashi Vedavyas Foundation and Nanashyog Foundation, ensuring effective execution across regions like Maharashtra, Madhya Pradesh, and Haryana.

Transparency and Stakeholder Engagement

Anand Rathi Wealth Limited prioritizes transparency by making its CSR Policy, committee composition, and approved projects publicly available on its website (Anand Rathi Wealth Policies). The Annual Report on CSR Activities, annexed as Annexure II in the 2024-25 Annual Report, provides a detailed account of spending, project outcomes, and compliance with regulatory requirements. Stakeholders can contact the Company Secretary at csarwal@rathi.com for further details.

The company engages with stakeholders through its CSR initiatives, fostering trust and collaboration. By focusing on vulnerable communities, Anand Rathi Wealth Limited aligns its CSR strategy with the broader goal of inclusive growth, resonating with India’s economic and social priorities. The absence of unspent CSR amounts and the detailed reporting of beneficiary data further enhance stakeholder confidence.

Economic and Industry Context

India’s growing economy, projected to become the third-largest by 2028, provides a favorable backdrop for CSR initiatives. The wealth management sector, in which Anand Rathi Wealth Limited is a leader, is witnessing increased demand for socially responsible practices. According to industry trends, companies that integrate CSR into their operations are better positioned to build trust and attract clients. Anand Rathi Wealth Limited’s CSR spending aligns with this trend, enhancing its reputation as a socially conscious organization.

The company’s focus on education and vocational skills supports India’s push for skill development, with government initiatives like Skill India aiming to train millions by 2030. Similarly, its environmental sustainability efforts contribute to India’s climate goals, including achieving net-zero emissions by 2070. The CSR initiatives also align with global trends, where wealth management firms are increasingly expected to demonstrate social impact alongside financial performance.

Comparison with Previous Years

The following table compares CSR spending over the past two years:

The increase in spending from 2023-24 to 2024-25 reflects the company’s growing commitment to CSR, driven by higher net profits and a strategic focus on social impact. The absence of shortfalls in 2024-25, unlike the previous year, highlights improved planning and execution.

Future Outlook

Looking ahead, Anand Rathi Wealth Limited is poised to continue its CSR efforts, leveraging India’s economic growth and the increasing importance of corporate citizenship. The company’s focus on education, sports, and sustainability positions it to contribute to national priorities like skill development and environmental conservation. With a surplus of Rs 34.70 Lakhs available for future years, the company has flexibility to expand its initiatives, potentially increasing its reach and impact.

You Learn

Anand Rathi Wealth Limited’s CSR spending of Rs 5.02 Crore in 2024-25 reflects its deep commitment to societal progress. By exceeding its mandatory expenditure, focusing on education, sports, and environmental sustainability, and reaching over 58,000 marginalized individuals, the company has set a high standard for corporate citizenship. Its transparent governance and strategic alignment with national and global development goals further amplify the impact of its initiatives. As Anand Rathi Wealth Limited continues to grow, its CSR efforts will likely play a pivotal role in shaping a more inclusive and sustainable future.

FAQs: Anand Rathi Wealth Ltd CSR Spending Report 2024-25

Q1. How much did Anand Rathi Wealth Limited spend on CSR in FY 2024-25?
A: The company spent Rs 5.02 Crore (Rs 502.00 Lakhs) on CSR initiatives in FY 2024-25.

Q2. What was the required CSR spend for the company in 2024-25?
A: As per Section 135 of the Companies Act, 2013, the required CSR expenditure was Rs 467.59 Lakhs.

Q3. Did Anand Rathi Wealth Ltd exceed its CSR obligation?
A: Yes, the company exceeded its obligation by Rs 34.70 Lakhs, reflecting a proactive approach to social responsibility.

Q4. How many beneficiaries were reached through the CSR projects in 2024-25?
A: The company impacted 58,318 individuals, all belonging to vulnerable or marginalized communities.

Q5. What were the key focus areas of the CSR spending?
A: Major focus areas included:

• Education and Vocational Skills
• Sports Promotion
• Environmental Sustainability
• Livelihood Enhancement
• Healthcare and Community Development

Q6. Which project had the largest outreach?
A: Parivaar Education Society reached 56,790 beneficiaries, primarily through education and vocational training initiatives.

Q7. Who governs the CSR initiatives at Anand Rathi Wealth Ltd?
A: A CSR Committee, chaired by Anand Rathi, with members Pradeep Navratan Gupta and Sudha Pravin Navandar, oversees CSR governance and project execution.

Q8. Were any funds used for administrative or impact assessment costs?
A: No. The entire Rs 502.00 Lakhs was spent directly on project implementation.

Q9. How transparent is the company’s CSR reporting?
A: Anand Rathi Wealth Ltd ensures full transparency. Its CSR Policy, committee details, and project outcomes are available on the company’s website and detailed in the Annual Report.

(India CSR)