Ambuja Cement has made conscious efforts to involve communities in its development journey through Ambuja Cement Foundation (ACF), the CSR arm of the company. ACF understands its responsibility to co-exist peacefully with the host communities, and over the past two decades has kick-started multiple programmes at 22 locations spread over 12 states in India.
ACF’s programs are focussed on: Water Management, Skill and Entrepreneurship Development, Healthcare, Education, Women Empowerment and Agro-based Livelihoods.
Key Facts
| A brief outline of the Company’s CSR policy, including overview of projects or programs proposed to be undertaken and a reference to the web link to CSR policy and projects or programs | The Company has adopted the CSR policy on 26th April, 2011. This policy was modified to align with the provision of the New Companies Act, 2013, which was adopted by the board on 24th April 2014. The same is available on the website of the Company at http://www.ambujacement.com/wp-content/themes/ambuja/downloads/CSR_policy.pdf. ACF was envisioned in 1993 to create self-empowered communities. Over the past two decades ACF has been working mainly with communities around ACL’s manufacturing sites across twenty two locations in twelve states. ACF’s approach is to energise, involve and enable communities to realise their true potential and be self-sustaining. The key identified programme areas of ACF areas are Natural Resource Management (land and water resource management), Livelihood Promotion (agro based livelihoods and skill and entrepreneurship development), Human Development (community health and sanitation, education and women empowerment) and Rural Infrastructure Development. |
| Average net profit of the company for last three years | INR 17.3196 billion |
| Prescribed CSR Expenditure (two percent of the average net profit of last 3 years) | INR 346.4 million |
| Actual amount of CSR spent during the financial year 16-17: | INR 409.8 million |
India Avenue is a boutique investment management firm providing investment solutions that allow our clients to benefit from India’s remarkable growth story.
OUR BUSINESS
2005
The journey towards the “birth” of India Avenue originated in 2005, when ING Investment Management started a business in India as a separate division, utilising a practiced multi-manager philosophy in markets like Australia, and exported it to India. Three of our founders, Mugunthan Siva, Rajeev Thakkar and Sajjan Raut Desai worked together for INGIM (India), building investment strategies and structures, under this philosophy and applying them to Indian capital markets
2011
In 2011 our founders started discussing the possibility of building an investment firm with a capability to provide a focus on India as an stand-alone investment jurisdiction for foreign investors. The founders identified Australia and New Zealand as nascent markets for investing in regional locations, with the potential to accelerate given education and insights which the firm could provide.
2015
By 2015 the group of founders decided to work full-time on this concept to bring it to life. They did this by leaving their existing employment, thus exercising high conviction in the investment region of India as a long-term structural story for investors in Australia and New Zealand. Thus, the firm India Avenue Investment Management was registered and came to life in 2015 in Sydney, Australia.
2016
After building our business for a period of 12 months, our first fund, The India Avenue Equity Fund was launched on 6th September 2016, with strong service provider partners like Equity Trustees (RE), Mainstream (Fund Administrator), KPMG (Fund Auditor) and BNP India (Custodian).
NOW
India Avenue is now a boutique investment business firm, with clients spread across family offices, high net worth individuals, wealth advisers and financial planning firms. Our firm has focused on education and knowledge as a driver of investment behaviour and have taken a long-term approach towards Australian and New Zealand investors contemplating an allocation to India’s growth as part of their portfolios. Our firm has assets in excess of A$50m and the India Avenue Equity Fund is rated “Recommended”* by Lonsec and is available on multiple investment platforms across Australia and New Zealand.