Corporate Social Responsibility

We at Monomark Engineering believe that integrating social, environmental and ethical responsibilities into the governance of businesses ensures the long term success, competitiveness and sustainability. Further, CSR makes a business sense, as the companies with effective CSR have image of socially responsible companies, achieve sustainable growth in their operations in the long run and their products and services are preferred by the customers.

The CSR activities at Monomark Engineering (INDIA) Private Limited (“the Company”) are already in existence for the benefit of the people residing in the vicinity surrounding the area of our operations in the form of providing food, clothes and other help to poor people and also provides scholarship to the bright students from lower section of the Society, running various projects/ programs including tree plantation, animal welfare programs, promoting sports & education, enhancing vocational skills etc.

The Company allocates the budget for CSR activities at the rate of 2% of the average net profit of three immediately preceding financial years in compliance with Section 135 read with Schedule VII and the respective Corporate Social Responsibility, rules made under Companies Act, 2013 and amendment(s) to be made thereto in future.

Collaborative partnerships are formed with the Government, the District Authorities, the village panchayats, NGOs and other like-minded stakeholders. This helps widening the Company’s reach and leverage upon the collective expertise, wisdom and experience that these partnerships bring to the table.

The main objective of our company’s CSR policy is to make CSR a key business process for sustainable development of the society. The company acts as a good corporate citizen and aims at supplementing the role of Government in enhancing the welfare measures of the society within the framework of its CSR policy.

The company takes the vision under the leadership of its Chairman cum Director, Mr. Narendra Chordia who takes on the role of the mentor for the company. Our Board of Directors, Management and all of our employees subscribe to the philosophy of compassionate care. We believe and act on an ethos of generosity and compassion, characterized by a willingness to build a society that works for everyone. This is the cornerstone of our Company’s CSR policy.