ICICI Venture has provided a grant funding to Rang De which will be deployed as loans to micro-entrepreneurs and as investments in sustainable initiatives such as clean lighting and rural tourism. While the corporate decides how the money is deployed, we are exploring an initiative to involve the employees by engaging them in making social investments and mentoring the micro-entrepreneurs.
Being based in Chennai, Spark Capital preferred that their social investment was made in and around Chennai. Their first social investment was thus made to entrepreneurs from Vandavasi, close to 100 kms from Chennai. The corporate's repayments are now being deployed as loans in other states such as Orissa.
Education is close to the heart of this Chennai based company. So their obvious choice of social investment was towards education loans. The company invested in educationloans for children from the Charminar area. Repayments will be invested based on the preference of the company.
The Trafigura Foundation was inspired by a desire to pool the charitable and community-oriented actions of Trafigura employees around the world and to encourage, support and develop these activities. Being committed to making our world a better one has at all times been at the heart of Trafigura, be it at the personal level of the employees themselves, or at the global corporate one. During the 20 years of existence of the Group, our people and offices have relentlessly shown loads of imagination, dynamism and energy to organise, contribute to or participate in charitable initiatives, offering many charities and non-profit organisations throughout the world significant resources for furthering their causes.
Trafigura Foundation has contributed $50,000 as a social investment fund to Rang De. This will be deployed as low cost loans to support underserved communities across India.
Muthoot Papacchan Group Known for their expertise in providing gold loans, the group has provided a corporate social investment to Rang De which is being deployed as loans to micro-entrepreneurs across different states in India.
Vernalis Systems began the CSR engagement with Rang De by creating awareness amongst their employees about Rang De. Employees were given Rang De Experiencce vouchers which could be redeemed to understand how the initiative works. This was followed by a Corporate social investment by the company itself which is deployed when there is a deficit of social investments on Rang De.
Sagtaur is a leading fire & security installation company based in Chennai. They take on turnkey projects and are in the business of bringing peace of mind to people. and companies they work with. Sagtaur is associated with Rang De as a corporate social investor and have allocated a budget to be invested as microloans to entrepreneurs.
Aura is an event management company based in Chennai. They are in the business of creating lasting moments for their clients through the experience they create. Aura is a Rang De corporate social investor and supports micro-entreprenurs across india. Their focus is on Education and they hope to invest in education to ensure that the future of India is bright.
Cosmic Circuits is a leading semiconductor company based in India. The company has made an investment with RangDe which is currently being deployed to provide educational loans to school students. With education being their prime focus area, preference will be given to educational loans during reinvestments as well. The company is involved in many other corporate social initiatives, including blood donation drives and scholarship programs for students, with the perceived goal to ensure that every child is able to pursue an education of his/her wish and finally be able to lead an independent life.
The Fairmacs Group of Companies was founded in 1956. Starting off as a
trading firm, the company has grown into a large well-diversified group of companies with clientele in almost all spheres of economic activity.
Apart from activities such as Trading, Supply of Duty free goods and Hospitality services, Fairmacs established its Logistics wing in 1989 and thereafter grew into a total logistics service provider with value added services. With a network all over the world, the services of the group are geared to enhance clients business by delivering satisfaction through world-class infrastructure and systems. Fairmacs innovates and expands boundaries of logistics.
Neev is a company that loves working on generation next technologies. They have worked with more than 200 customers across the globe. Their customer base covers the entire spectrum - from an entrepreneur in a garage in the Silicon Valley to a Fortune 10 company. Over the years, more than 100 startups in the Bay Area in US, Europe and India would have launched their Version 1.0 with Neev.
Associates at Neev have participated in Rang De through a series of campaigns, awareness events and organised a fundraiser. The company then matched the team's contribution from its CSR funds.
Assystem is an international Engineering and Industrial Consultancy, headquartered at Paris. Assystem SA is present in India through its 100% subsidiary Assystem India Pvt. Ltd. and Silver Atena Electronic Systems India Pvt. Ltd. The company with its team of nearly 250 engineers in India offers industrial engineering services on a varied range of activities in the Aerospace, Automotive and Energy Sectors.
Assystem's engagement with Rang De has begun with the aspiration to make a difference to rural entrepreneurs who are supported by Rang De. Together we hope to help as many people as possible to overcome poverty by sensitizing and engage people we interact with every day. Because we believe every one of us has a change-maker within us.