New Delhi: Vodafone Idea Ltd spends Rs 1.5 crore on CSR activities during FY 2018-19 despite the average net profits calculated for last three financial years is negative, the company is not obligated to spend on CSR activities for the Financial Year 2018-19.
The company contributes to the social and economic development of the communities by leveraging technology and purposeful innovation to catalyse social prosperity, digital literacy and inclusivity.
The focus areas of intervention are education, health care, sustainable livelihood and women empowerment.
During the year 2018-19 the company’s CSR initiatives positively impacted the lives of around 1.11 lakh people across nine states through multiple initiatives undertaken in the domains of education, sustainable livelihood and swacchh Bharat abhiyaan.
The company has received accolades from Ministry of Drinking Water and Sanitation for Somnath Temple Complex and Corporate Social Responsibility 2018.
The CSR committee confirms that the implementation and monitoring of the CSR policy is in compliance with the CSR objectives and Policy of the company.
The CSR Committee comprises of Neena Gupta as Chairperson and members like Arun Adhikari, Krishnan Ramachandran and Ravinder Takkar.