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SAI KISHAN

DONA ANN

KITEX LIMITED

HIBA.P

VISHNUDEV

May 11, 2018

KITEX LIMITED

Kitex Limited was established in 1975.

1

The company is engaged in the production of fabrics made of cotton and other blends, grey cloth, bed sheets and lungies.

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ABSTRACT

The annual sales range is in between US $10 million – US $50 million.

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OBJECTIVES OF THE STUDY

OBJECTIVES OF THE STUDY

  • To Study & analyze the CSR practices adopted by KITEX LTD.

  • To analyze the impacts of CSR practices of KITEX LTD on the society.

  • To carry out the comparative study.

  • To study and compare different CSR Concerns.

METHODOLOGY FOLLOWED

METHODOLOGY FOLLOWED

Primary Data:

It is collected through the discussion with managers, various department heads, officers, and employees.

Secondary Data:

It is collected from:

  • Internet
  • Annual report
  • Office records

Corporate

Social Responsibility

TYPES

Internal CSR Activities

Employee Welfare

Employee Welfare

Employee Accommodation

  • Company provides a well furnished and hygienic dormitory facility for the outstation female staff.

Canteen

  • A well equipped and fully automated canteen facility with steam cooking and automated food processing facilities caters to the food requirements of the inmates round the clock.

Medical support

  • A well equipped specialty clinic has been set up inside our premises for instant medical support to the staff.

Recreation

  • Workers can relax themselves by involving in indoor and outdoor games such as caroms, chess, shuttle, etc.

Energy & Water Conservation

Energy & Water Conservation

Heat Recovery Systems

  • The Company is investing in heat recovery systems with the objective of increasing its process efficiencies and thus decreasing its fuel and energy consumption.

Advanced Fully Automated Boiler

  • Company is in the process of setting up a highly advanced fully automated boiler, as a part of the company’s commitment to conduct its business in a socially and environmentally responsible manner.

Fully Automated Advanced Effluent and Waste Treatment Plants

  • Company is setting up fully automated highly advanced Effluent Treatment Plant (ETP) and Sewage Treatment Plant (STP).

Rainwater Harvesting

  • At Kitex, rainwater is is collected, purified and used for various manufacturing processes.

Integrated Skill Development Scheme

Integrated Skill Development Scheme

  • The Ministry of Textiles introduced pilot phase of Integrated Skilled Development Scheme (ISDS) in the 11th Five Year Plan Year 2010-11 to address the manpower requirement in textile & related segments.

  • The scheme has been scaled up during the 12th plan with a target of skilling 15 lakhs persons by the end of March 2017.

  • Rural young women stand to benefit the most from the ISDS.

  • Kitex has aligned ISD scheme with its ongoing development social development activities for upgrading skills among rural youth and has been imparting training to rural youth.

Twenty-20 Kizhakkambalam Association

In order to transform Kizhakkambalam Panchayath, the following CSR initiatives at the grass root level undertaken that impacted many lives.

Twenty-20 Kizhakkambalam Association

Contd.

Contd.

Agriculture

  • Participative and group farming was extended to 1167 acres of farmland (out of the 2233 acres of barren land) with the full co-operation of farmers in and near the Kitex factory.
  • Out of this 480 acres were used for rice farming, 2,10,000 banana plants, 10,000 coconuts and about 21000 other plants were planted.
  • A total of Rs. 2.70 crores have been spent cumulative up to this year mid.

Drinking water

  • Safe drinking water was provided to some of the backward colonies located in and near the Factory premises at Kizhakkambalam.
  • Seven more bore wells were provided in more colonies with provision for water storage tanks the benefit of which is extended to another 1290 families in the target area.

Contd.

Contd.

Education

  • The Kitex Group distributed 2300 bags to School children in the backward areas in Ernakulam District covering Nine schools located in Kizhakkambalam.
  • The company also spent another Rs. 2.6 lakhs during the year or extending better toilets through renovation in these schools on a priority basis.

Food Security Program

  • The company extended distribution of essential food materials including vegetables at very moderate subsidized prices during both Onam and Christmas festival seasons to those poor and needy families.
  • This benefit was extended to about 6000 families in Kizhakkambalam Panchayat area during the year.

Contd.

Contd.

Health Care

  • Regular Health and Medical Check-up Camps were conducted in which about 5000 families participated.
  • The company also introduced snacks and tea facility to about 200 patients who visit the Malayidam Thuruth Primary Health Centre at Kizhakkambalam on a daily basis or the full year under review.

Housing

  • During the year the Company introduced a housing scheme named “Ende Vedu Padhathi” for those family who own land but does not have a roof for their house.
  • The company also extended providing hygienic toilets in as many as 225 houses during the year under this scheme.

Contd.

Contd.

Health

  • The company extends its ambulance services to all needy on demand at the shortest time.
  • The company had up to date conducted about 1890 operations and supporting about 9890 patients up to the end of last year.

Infrastructural development

  • The company develops the basic infrastructure in and around Kizhakkambalam by broadening the roads, regular upkeep and by providing regular maintenance through regular programs.
  • The company also took up renovation work of worship places like temple, church and mosque.

Contd.

Contd.

Social Cause

  • The Company also volunteered into some of the public agitations which include stoping of some major drinking water projects, drugs usage, delay in road repair work and shutting of Beverages outlets

Employment

  • The company extends employment opportunities both direct and indirect to many locals in and around the factory at Kizhakkambalam.
  • The company continued its support for self employment scheme by providing and supporting the entrepreneurs with both financial and non-financial support.

CORPORATE SOCIAL RESPONSIBILITY

A TRIPLE BOTTOM LINE PERSPECTIVE

CSR

TPL

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

CSR Activities in Economic Sector

CSR activities in Social sector

CSR activities in Social sector

CSR activities in environmental sector

FINDINGS

The Company is always dedicated towards CSR activities and has spent more than the prescribed CSR budget in last three financial years.

CONCLUSION

Eradication Hunger, Poverty, Malnutrition Preventive Healthcare,

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Water and Sanitation Education,

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Employability and Livelihoods Enhancement Environmental Sustainability.

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SUGGESTIONS

SUGGESTIONS

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.

CONCLUSION

CONCLUSION

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.