CSR at Anand Rathi Wealth Limited: Spending Report

Synopsis of the story

Anand Rathi Wealth Limited’s commitment to CSR activities is a testament to the company’s dedication to making a positive impact on society.

MUMBAI: Anand Rathi Wealth Limited has always been a responsible organization and has always strived to make positive change in the society. In line with this objective, the company has made significant contributions to corporate social responsibility (CSR) activities in the financial year 2021-22.

As per the provisions of Section 135 of the Companies Act, 2013, companies that meet certain criteria are required to spend at least 2% of their average net profit for the preceding three years on CSR activities. Anand Rathi Wealth Limited has taken this requirement seriously and has allocated and spent a total of Rs. 19,171,825 (1.91 Crore Rupees) on CSR activities for the financial year 2021-22.

CSR Spending Over the Years

To ensure compliance with the Act, the company has formed a CSR committee, as per the requirements of the Act. The committee has formulated and recommended to the Board a Corporate Social Responsibility Policy (CSR Policy) indicating the CSR activities that can be undertaken by the company. The funds allocated for CSR activities have been primarily utilized through the year on the activities which are specified in Schedule VII of the Companies Act, 2013.

The company’s CSR Policy focuses on promoting special education, healthcare, rural development, animal welfare, and homes for women and orphans. These activities align with the company’s goal of making positive change in society and have been identified as areas in which the company wishes to direct its resources as part of its ongoing CSR program.

Anand Rathi Wealth Limited’s commitment to CSR activities is a testament to the company’s dedication to making a positive impact on society. The company’s efforts to promote special education, healthcare, rural development, animal welfare, and homes for women and orphans, demonstrate its commitment to making a meaningful difference in the lives of those in need.

Anand Rathi Wealth Limited (formerly known as Anand Rathi Wealth Services Limited) is a leading non-bank wealth solutions firm in India, catering to high and ultra-high net worth individuals. The company was established in 2002 and works closely with clients to facilitate investments in financial instruments using well-researched solutions. The company’s flagship Private Wealth vertical offers comprehensive solutions to aid clients in their wealth journey. At Anand Rathi, the focus is on providing objective, uncomplicated, holistic and standardized solutions to clients.

(CopyRight-India CSR)