•  
  •  
  •  

Swayam

Magma has around 300 branches with 9500 staff across the country. To give CSR a holistic approach we have decided to take at-least one project in a cluster, which is mostly volunteered by Magmaites. Magma has also provided emergency services to the needy families during COVID pandemic. Below are few of the projects taken by the company towards the betterment of society:

Ø  Contributed INR 5Cr to PM CARES Fund during COVID-19

Ø  Distributed 2000 PPE kit and installed 11 UV based disinfection tunnel at different police station located in Kolkata

Ø  Distributed mask and sanitizer to marginalized people at several location across the country

Ø  Provided dry ration/cooked meals to over 28000 individuals during COVID pandemic

Ø  Infrastructure support to an NGO in kolkata providing shelter homes to orphanage and marginalized kids

Ø  Installation of water filter machine at a charitable hospital, Odisha

Ø  Dialysis Machine at Dr. LM Singhvi Manav Seva Kendra, Jodhpur in Rajasthan

Ø  Water filter machine at Harapriya Charitable Hospital, Balesore in Odisha

Ø  Construction of Home Science Lab at a Govt. School, Chappar in Rajasthan

Ø  Library books and furniture to a Zilla Parishad School located in Atmakur, Telangana

Ø  Sponsored 35 nos of single teacher school in Chennai, Tamil Nadu

Ø  Construction of 5 toilets at Govt. school in Rajasthan and Andhra Pradesh

Ø  Pre School facility for kids, Alwar, Rajasthan

Ø  Cataract surgery + Spectacles for underprivileged people staying in West Bengal, In FY20 we have decided to support 500 such surgeries

Awards & Recognition (14 Awards)

  • Best CSR Practice Award 2020 – Innovation in CSR organized by IPE (Highway Hero)
  • Best CSR Impact Award – CSR Summit & Awards organized by UBS Forum (Highway Hero)
  • Best Public Health/Safety Initiative – Social Impact Awards organized by ACEF (Highway Hero)
  • Best CSR Impact Award – CSR Summit & Awards’2018 organized by UBS forum (M-Care)
  • ICC Social Impact Awards’2019 – Special Jury Recognition for Environment Sustainability – (Highway Hero)
  • Asian Customer Engagement Forum & Awards Social Impact Award-Best CSR Event, 2018  (MCare)
  • Asia Pacific HRM Congress Awards – Best Corporate Social Responsibility Practice, 2015 (Highway Heroes)
  • CSR Leadership Award, National Awards for Excellence in CSR & Sustainability, 2016 (M Scholar)
  • Corporate Responsibility Award -by Investor  Review, UK, 2016 (M Scholar)
  • NGOBOX CSR Impact Awards- CSR Project of the Year, 2016 (Highway Heroes)
  • 2nd Best Project of the Year- NHRDN CSR Competition, 2016  (Highway Heroes)
  • BT CSR Excellence Awards – Innovation in CSR Practices, 2017 (Highway Heroes)
  • Asian Customer Engagement Forum & Awards  – Best CSR Event, 2017  (Highway Heroes)
  • CSR Journal Excellence Award – Health and Sanitation, 2017  (M Care)

 

Magma Fincorp Ltd. along with its group companies Magma ITL Finance Ltd. and Magma Housing Finance Ltd. has formed a trust, Magma Foundation. The said foundation is already registered and has received all the statutory approval from the regulator. Hence forth most of the CSR activity at the group level will be taken care by Magma Foundation.