Navin Fluorine International Exceeds Statutory CSR Spending, Impacting Over 23,000 Lives in Financial Year 2021-2022
Mumbai (India CSR): Navin Fluorine International Limited, a leading player in the global fluorine chemistry sector and part of the Padmanabh Mafatlal Group underscoring the firm’s commitment to community development and upliftment of marginalized sectors of society.
As per the mandate under Section 135 of the Companies Act, the Company was required to allocate Rs. 5.23 Crores towards Corporate Social Responsibility (CSR) activities. Demonstrating its dedication to societal betterment, Navin Fluorine International exceeded this figure, committing Rs. 5.28 Crores. This amount represents more than 2% of the average profit after taxes as calculated in terms of Section 198 of the Companies Act, 2013, over the past three financial years.
NFIL is committed to adhering to the highest standards of ethical and responsible business conduct. It believes in giving back to society, resulting in a healthy engagement with the communities in which it operates.thumb_upthumb_down
Navin Fluorine International’s CSR initiatives are guided by a structured policy ratified by the Board of Directors, ensuring a dedicated approach towards CSR engagement. In the previous financial year, the Company’s programs positively impacted approximately 23,613 lives through community development initiatives.
Since 2019, the Company has consistently invested in CSR activities: Here is the table of Navin Fluorine International Limited’s CSR investment in crores:
| Year | CSR Investment (Rs. in Cr) |
|---|---|
| FY 2019 | 5.29 |
| FY 2020 | 3.78 |
| FY 2021 | 6.68 |
| FY 2022 | 5.28 |
As you can see, the company’s CSR investment has increased over the years. The company has invested a total of Rs. 21.03 crores in CSR initiatives from FY 2019 to FY 2022. This is a significant amount of money and shows that the company is committed to making a meaningful contribution to society.
Since 2019, the Company has consistently invested in CSR activities:
During the reviewed financial year, Navin Fluorine International diversified its CSR initiatives, investing across healthcare, education, sports, animal care, and other significant social causes.
Sudhir G. Mankad chairs the Company’s Corporate Social Responsibility Committee, with Vishad P. Mafatlal and Harish H. Engineer serving as committee members. This Committee operates under the comprehensive CSR policy, reflecting the Company’s CSR philosophy. The policy covers a wide range of activities eligible for CSR contribution and provides a robust framework for the selection, execution, and monitoring of CSR activities, along with voluntary impact assessment.
Navin Fluorine International is committed to continuing its role as a responsible corporate citizen, making a tangible, positive impact through its community development initiatives.
About Navin Fluorine International Limited
Navin Fluorine International Limited (NFIL) is one of the largest and most respected Indian manufacturers in the Fluorine chemistry sector. Part of the Padmanabh Mafatlal Group, NFIL operates with a vision of societal betterment and sustainable development.
NFIL is committed to adhering to the highest standards of ethical and responsible business conduct. It believes in giving back to society, resulting in a healthy engagement with the communities in which it operates.
Here are some of the key achievements of NFIL’s CSR initiatives:
- Over 23,613 lives have been touched and improved through community development initiatives.
- The company has improved the livelihood of communities in the geographies of its presence in India through a combination of various initiatives.
- NFIL has been recognized for its CSR initiatives by various organizations, including the Confederation of Indian Industry (CII) and the Ministry of Corporate Affairs (MCA).
