IFCI Ltd.-Chandigarh - Company CSR Profile
 
 
 
 
 

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Claris Lifesciences Limited

Ahmedabad, Gujarat
 
 
 
 

Last Updated on February 13, 2018

 

Implementing Partners

  • Sulabh International Social Service
  • Udayan Care
  • Prayas
  • IIMPACT
  • Bhartiya Yuva Shakti Trust
  • Arogya Sandhan Charitable Trust
  • Leprosy Mission Trust
  • MPCON Limited
  • HARDICON Limited
  • North India Technical Consultancy Organization Limited
  • Prasanna Trust
  • Patiala Foundation
  • Arya Kanya Sadan
  • Rashtriya Gramin Vikas Nidhi (RGVN)
  • Institute of Leadership Development
  • Bharat Sevashram Sangh
  • HIMCON
 
 
 

Thematic Areas

  • Preventive Healthcare, Water and Sanitation
  • Education, Employability and Livelihoods Enhancement
  • Gender, Equality and Women Empowerment, Senior Citizens Care
  • Rural Development
 
 

IFCI Ltd.

IFCI Bhawan, 1-C, Sector-27A, Madhya Marg, Chandigarh. 160 019 , Chandigarh , Chandigarh
 

Sector : Finance

International Origin : No

Company Type: PSU

 
 

CSR Financial Details (INR Cr.)

Year
Actual CSR
Prescribed CSR
2014-2015
4.86 Cr
9.16 Cr
2015-2016
5.48 Cr
7.58 Cr
2016-2017
8.22 Cr
9.61 Cr
 


Financial Insights

Company’s Statement for unspent in FY 2016-17: The balance amount will be spent on on-going projects, based on progress of projects and achievement of milestones set-out under the sanctioned projects.

 

About The Company

At the time of independence in 1947, India's capital market was relatively under-developed. Although there was significant demand for new capital, there was a dearth of providers. Merchant bankers and underwriting firms were almost non-existent and commercial banks were not equipped to provide long-term industrial finance in any significant manner.

It is against this backdrop that the government established The Industrial Finance Corporation of India (IFCI) on July 1, 1948, as the first Development Financial Institution in the country to cater to the long-term finance needs of the industrial sector. The newly-established DFI was provided access to low-cost funds through the central bank's Statutory Liquidity Ratio or SLR which in turn enabled it to provide loans and advances to corporate borrowers at concessional rates.

By the early 1990s, it was recognized that there was need for greater flexibility to respond to the changing financial system. It was also felt that IFCI should directly access the capital markets for its funds needs. It is with this objective that the constitution of IFCI was changed in 1993 from a statutory corporation to a company under the Indian Companies Act, 1956. Subsequently, the name of the company was also changed to "IFCI Limited" with effect from October 1999.

 

Headquarter and Plant/Office Locations

 

CSR Projects of the Company

 
Residential care home
IFCI Ltd.
Company has made a construction of half floor of Residential Care home to offer life-long shelter to....
 
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Promote Development of Human Capital
IFCI Ltd.
ILD for Residential Skill Development Programme for 300 unemployed youth in Textile Industry in Bhil....
 
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Foster Entrepreneurship amongst Under privileged Youth
IFCI Ltd.
Company has supported the Bhartiya Yuva Shakti Trust for "The BYST-IFCI Entrepreneurship Programme i....
 
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Financial Support to Corpus Fund
IFCI Ltd.
Company has given financial support to form a Corpus Fund to cover yearly up-keep and education expe....
 
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Donation of Uniforms
IFCI Ltd.
Company has supported the PRAYAS Social Welfare Society, for funding of education and vocational tra....
 
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Skill Development in Rural Sports
IFCI Ltd.
The Company donated some amount of money to Ms. Meghana Gundapally (Rhythmic Gymnast) from Hyderabad....
 
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Promoting Education
IFCI Ltd.
Under The Education Sector, the Company has spent some amount of money  to Bharat Sevashram San....
 
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Skill Development
IFCI Ltd.
The Company has spent some amount of money to Institute of Leadership Development, Jaipur for conduc....
 
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Adoption of Villages
IFCI Ltd.
Adoption of villages: The company has spent some amount of money to HIMCON for the development of th....
 
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More Companies

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Claris Lifesciences Limited

Ahmedabad, Gujarat