May 11, 2018
Kitex Limited was established in 1975.
The company is engaged in the production of fabrics made of cotton and other blends, grey cloth, bed sheets and lungies.
The annual sales range is in between US $10 million – US $50 million.
Primary Data:
It is collected through the discussion with managers, various department heads, officers, and employees.
Secondary Data:
It is collected from:
Employee Accommodation
Canteen
Medical support
Recreation
Heat Recovery Systems
Advanced Fully Automated Boiler
Fully Automated Advanced Effluent and Waste Treatment Plants
Rainwater Harvesting
In order to transform Kizhakkambalam Panchayath, the following CSR initiatives at the grass root level undertaken that impacted many lives.
Agriculture
Drinking water
Education
Food Security Program
Health Care
Housing
Health
Infrastructural development
Social Cause
Employment
Average net profit of the company for 2015-2017 financial years: 9129.10 Lakhs
The members of the CSR Committee as on March 31, 2017s are:
i. Mr. Sabu M. Jacob - Chairman
ii. Mr. K.L.V. Narayanan - Member
iii. Mr. Benni Joseph - Member
iv. Mr. C. P. Philipose – Member
The Company is always dedicated towards CSR activities and has spent more than the prescribed CSR budget in last three financial years.
Eradication Hunger, Poverty, Malnutrition Preventive Healthcare,
Water and Sanitation Education,
Employability and Livelihoods Enhancement Environmental Sustainability.
The company has not given importance for the criteria of sustainability based on the triple bottom line theory.
They have given much importance to areas of living that are primarily connected with the people.
Initiatives in farming, housing, health and medical care are relevant in that term.
About 90% of the activities carried out by the company stand in the social sector.
CSR activities in Kerala has helped the kitex group to gain much importance especially among locals, as a result it gained much acceptance.
The company, unlike traditional CSR practices, has conducted rallies, strikes and protests against the previous panchayat body by canvassing the people.
The CSR activities in KIzhakkambalam helped the people in the village to have a better life than before.
It has changed the life of a village, this shows that a corporate governance is nothing less than political government.