MUTHOOT MERCANTILE LTD - New Delhi

5/5 β˜… based on 8 reviews

Muthoot Mercantile Limited | the most trusted and disciplined NBFC in India - Muthootenterprises.com

Muthoot Mercantile Limited

About MUTHOOT MERCANTILE LTD

In the end, giving back is a very important aspect in every business. With that in mind, we have 2 charitable organizations namely Muthoot M.Ninan Charitable Society and Muthoot Accamma Ninan Charitable Society. We give relief to poor and needy people across the State by way of donations.

CSR POLICY

1.PREAMBLE

With effect from 1st April, 2014, every company, private limited or public limited, which either has a nt worth of Rs.500 Crores or a turnover of Rs.1,000 Crores or a net profit of Rs.5 crores, needs to spend at least 2% of its average net profit for the immediately preceding three financial years on corporate social responsibility activities. The CSR activities should not be taken in the normal course of business and must be with respect to any of the activities.

Our strategic Corporate Social Responsibility (CSR) initiatives are based on social and environmental consequences and at the same time, due consideration is given to the interests of its stakeholders. The CSR policy of the company seeks to build on the social relevance of its core business area of gold loans which has promoted inclusive growth by enabling the common man to meet his credit requirements with ease.

2.PURPOSE

• Define what CSR means to us and the approach adopted to achieve our goals

• Define the kind of projects that will come under CSR

• Identify broad areas of intervention in which the company will undertake projects

• Serve as a guiding document to help execute and monitor CSR projects

• Budget the expenditure for CSR activities for the year

• Explain the manner in which the surpluses from the CSR projects will be treated

3.POLICY STATEMENT

The CSR Policy of Muthoot Mercantile Limited focuses on addressing social, environmental and economic needs of the marginalized/ underprivileged sections of the society. We adopt an approach that integrates the solutions of these problems into the strategies of the company to benefit the communities at large and create social and environmental impact.

4.SCOPE OF CSR ACTIVITIES

We classify only those projects that are over and above our normal course of business as CSR. The purpose of CSR will not only have a wide impact on the society and community at large, but will also remain committed towards sustainable development and inclusive growth. This policy applies to all our CSR projects and will be further reviewed and updated.

5.GOVERNANCE

The CSR Committee will consist of three Directors of the Company- Shri. M.Mathew, Smt. Ammini Mathew and Shri. P.G. Varughese (Independent Director). The duties and responsibilities of CSR committee include:

a.Formulate and recommend to the Board, a CSR Policy which shall indicate the activities to be undertaken, as specified in Schedule VII of the Companies Act, 2013.

b.Recommend the amount of budgeted expenditure to be incurred on the activities referred in clause 5(a) above.

c.Monitor the CSR policy and activities of the company a quarterly basis.

d.Approve projects/ activities of value which are outside the ambit of Schedule VII

6.KEY FOCUS AREAS

The chosen CSR Projects for the 2015-16 relating to activities specified in Schedule VII of the Companies Act, 2013:

• Promoting preventive healthcare

• Employment of persons with disability (PWD)

• Promotion of gender equality and empowering women

• Setting up providing facilities for old age homes

• Ensuring environmental sustainability

• Promoting education

• Others, as may be identified in the future

7.IDENTIFICATION OF PROJECTS

Any new projects and activities of CSR will be appraised by the Committee and screened before submission for approval to the CSR Committee.

8.CSR BUDGET

The total budget for the CSR projects will be decided by the CSR Committee. The Companies Act, 2013 stipulates that 2% of the average of net profits of the company made during the three immediate preceding financial years shall be earmarked as CSR budget

9.TREATMENT OF SURPLUSES

Any surplus generated from CSR projects will be tracked and channelized into CSR corpus. These funds will be further used in development of CSR projects and will not be added the the normal business profits of the Company.

Contact MUTHOOT MERCANTILE LTD

Address :

B3A Block No. 3A G/F Main Road, Milap Nagar, Uttam Nagar, New Delhi, Delhi 110059, India

Phone : πŸ“ž +98
Postal code : 110059
Website : http://www.muthootenterprises.com/
Categories :

B3A Block No. 3A G/F Main Road, Milap Nagar, Uttam Nagar, New Delhi, Delhi 110059, India
N
Neeraj Arora on Google

β˜… β˜… β˜… β˜… β˜…

Very good
M
Mahak Anand on Google

β˜… β˜… β˜… β˜… β˜…

Swift Customer Service, get loan in 10 mins.
S
Sanjana Mehra on Google

β˜… β˜… β˜… β˜… β˜…

Very fast service n nice behavior ..
I
Inderpreet Kaur on Google

β˜… β˜… β˜… β˜… β˜…

Best gold loan company from others..and good customer service.......
N
Neha Johar on Google

β˜… β˜… β˜… β˜… β˜…

quicker loan provided good in service less rate of interest no extra processing fees high loan value as compare to other NBFCs company....
P
Priya Verma on Google

β˜… β˜… β˜… β˜… β˜…

Staff is very good and Co-operative ,good service, get your loan sanctioned instantly.
P
Phani Bhusan Bera on Google

β˜… β˜… β˜… β˜… β˜…

I am very very satisfied with the staffs of Muthooth Mercantile Uttam Nagar branch. So please keep it up your good services and great humanity. Thanks.
U
Utkarsh Rai on Google

β˜… β˜… β˜… β˜… β˜…

5/5 stars to the staff Best service Very polite very helpful staff They have excellent customer service This Muthoot mercantile branch is way way better than muthoot finance branches in this area

Write some of your reviews for the company MUTHOOT MERCANTILE LTD

Your reviews will be very helpful to other customers in finding and evaluating information

Rating * β˜… β˜… β˜… β˜… β˜…
Your review *

(Minimum 30 characters)

Your name *

Nearby places in the field of Loan agency,

Nearby places MUTHOOT MERCANTILE LTD