Demonstrate commitment to the common good through responsible business practice and good governance.
Actively support the state’s development agenda to ensure sustainable change and attain development of the nearby society.
Reducing negative impact of its operations on the environment.
Quovantis technologies csr policy
Section 135 & Schedule–VII of the Companies Act, 2013, which is related
to CSR activities has been published in the Gazette of India (Ref. No. 27 dtd. 30.08.2013). It has been notified
on 27.02.2014 by Ministry of Corporate Affairs, to be made effective from 01.04.2014. In view of the above, this
policy on CSR is prepared. The company shall allocate towards CSR activities to sustain and improve a healthy and
prosperous environment and to improve the quality of life of the communities it serves. The company may also
utilize its products and services as suitable for its CSR activities. Any surpluses arising out of CSR projects or
programmes or activities shall be re-deployed back into CSR activities and will not form a part of the business
profits of the company.
CSR focus areas
Company’s CSR in alignment with the CSR activity initiatives (Skills, Water, Governance, Education) will focus
on four thrust areas – Education, Health, Livelihoods and Rural and Urban infrastructure. Besides, it will also
undertake interventions in the areas of sports, disaster relief, environment and ethnicity etc. (Refer Annexure A),
all aimed at improving the quality of life of the communities.
Part of the CSR efforts of Quovantis will be implemented by an in-house CSR department and through several societies
promoted by the company. The company will also partner with credible organizations – individually or as a
consortium – to design, fund, implement and review projects. Partner agencies will be selected based on well-defined
Company’s CSR activities will be driven by a dedicated CSR team under the guidance and support of senior
functionaries, in particular, the CEO/Directors. The CSR committee and CSR Department would play a significant
role in ensuring that the CSR policy is embedded across the Company’s operations and the CSR initiatives are in
line with the policy.
The Company will undertake CSR projects which are closely linked with the principles of sustainable development and shared value,
with the involvement of local institutions and the community at large.
The CSR Department would assist in implementation and monitoring of the CSR projects/initiatives. The actual implementation of
various initiatives will be broad-based with the involvement of various bank employee/units or through implementing agencies
like NGOs, Trusts, Societies, Section-8/Section-25 companies. In the case of implementing agencies being a 'not for profit
organization', the entity should have less than three years of experience in implementing projects in respective area.
Annexure-a: CSR interventions
Ref.SR. No of Sch VII of Companies Act
Promoting Education in children from backward areas.
Investing for education of Students through trust.
Providing direct education to students by our employees at regular intervals.
To help such Students in gaining technical skills.
Undertaking plantations and afforestation activity.
Directly investing in cleaning of neighborhood area.
Promoting awareness about environmental issues.
Extending relief measures during times of natural disasters, anywhere in the country.
Undertaking and supporting rehabilitation measures post-disaster.
Different activities will be categorized differently
Support to Technologies Incubators
Funding research project at technology hubs for environment and social sustainability.
The company recognized the need to reach out to those at bottom of the pyramid by providing them with need-based assistance.
Quovantis will also encourage employees to continue to contribute society by undertaking projects in their respective areas.
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