Know More Call Back watch video
  • Home
  • Who We Are
  • CSR
  • Objective
  • CSR Program Scope
  • CSR Committee
  • CSR Initiatives

Objective

The main objective of the CSR policy is to lay down guidelines for Alchemy Capital Management Private Limited (“Alchemy” or “Company”) to ensure that its CSR spend results in a positive contribution to the society.

CSR Program Scope

The Companies Act, 2013 (“the Act”) together with the Rules notified thereunder and Schedule VII to the Act and circulars, notifications with regard to the CSR Activities issued by the Ministry of Corporate Affairs from time to time provides a framework for companies to carry out their CSR Activities. Further, the CSR Rules provides directions on agencies eligible for implementation through which companies may spend its CSR Expenditure. Alchemy plans to undertake the CSR Activities which are covered in Schedule VII of the Companies Act, 2013. The List of CSR Activities according to the said Schedule VII is enclosed as Annexure 1 to this Policy.

CSR Committee

Committee Constitution

Pursuant to the provisions of Section 135 of the Companies Act, 2013 the Board of Directors of the Company (hereinafter referred to as “the Board”) shall constitute the CSR Committee. The Members of the CSR committee shall be appointed by the Board and must constitute at least 2 or more Directors. Any reconstitution to the CSR Committee shall be approved by the Board.

The CSR committee is constituted consisting of :

Mr. Hiren Ved - Chairman
Mr. Neeraj Roy - Member
Mr. Manu Parpia - Member
Ms. Pooja Keswani - Secretary of the Committee

CSR Initiatives

In line with Schedule VII of the Companies Act, 2013 and the CSR Rules, 2014 and duly amended from time to time the Company shall undertake CSR activities included in its annual action Plan, as recommended by the CSR Committee and approved by the Board.

Some of the contributions have been mentioned below:

Parivaar Education

Parivaar (www.parivaar.org) is a humanitarian organization inspired by the spiritual and humanistic ideals of Sri Ramakrishna and Swami Vivekananda. With over 2200 children, it has the largest fully free residential institutions for children from deprived and destitute backgrounds in West Bengal. In Madhya Pradesh, Parivaar has 195 Seva Kutirs (supplementary meals-cum-education centres) in poor tribal villages of 6 districts, serving more than 18,000 children daily throughout the year. Alchemy Capital has been a very valuable and old supporter of Parivaar, and regularly supports the organisation in their mission to transform the lives of deprived children.

Snehalaya

A Home of Love was established in 1989 in Ahmednagar, Maharashtra to bring Rescue, Rights and Rehabilitation to victims of commercial sex industry, poverty, droughts and HIV/AIDS. Other areas of work include after school education programs for slum children and providing a secure family to abandoned infants. Majority of our 20,000 beneficiaries are vulnerable women and children, whom we provide with shelter, health care, education, crisis support and tools for sustainable livelihoods through 23 different projects. Alchemy Capital has been supporting Snehalaya’s education and women empowerment projects for more than 7 years. Snehalaya believes that, ‘“Every woman and child should have the right to a life free from inequality, cruelty and discrimination.”

Toybank

Alchemy Capital supports Mumbai-based non-profit Toybank—Development through Play, registered as The Opentree Foundation. The organization provides safe and happy spaces to at-risk children to be on-track with their mental well-being, holistic development and learning through their Play2Learn Program. Toybank impacts 56,000+ kids at 400+ Play2Learn Centers in 12 districts across Maharashtra (as of 31 March, 2020). At their Play2Smile Centers, in collaboration with hospitals, play and games reduce stress and anxiety in children undergoing medical treatments.

Adhyayan Sanstha

Adhyayan Sanstha supports, Zila Parishad schools in rural & tribal areas to develop better teaching- strategies to increase learning outcomes. The organisation have successfully demonstrated good results through School Mathematics Improvement Program (SMIP), which supports teachers to teach in experiential & heuristic approach. Sanstha has also demonstrated good laboratory approach. The organisation's science clubs support students to develop scientific attitude & solve local issues. Alchemy Capital is supporting Adhyayan Sanstha for these developments. Every year 26000+ students & 470+ teachers are benefitted.