"We make a living by what we get, but we make a life by what we give."

Concord Biotech believes that along with sustained economic performance, environmental and social stewardship is also a key factor for holistic business growth. We strive to integrate our business values and operations to meet the expectations of our stakeholders. Communities, ranging from those villages around its plants to those employed by its contractors and suppliers, are key stake holders and Concord Biotech is committed to ensuring that they benefit from the company's presence in their neighborhood. As a responsible Corporate Citizen, we aspire to undertake programs that can have a meaningful impact on the communities and the society at large. We seek to lead by example and are committed to the active involvement and participation of our employees in our corporate responsibility initiatives.


Concord Biotech's (hereby referred to as the Company) CSR policy has been developed in consonance to Section 135 of the Companies Act 2013 (referred to as the Act in this policy) on CSR and in accordance with the CSR rules (hereby referred to as the Rules) notified by the Ministry of Corporate Affairs, Government of India in 2014. The Policy shall apply to all CSR projects/programs undertaken by the Company in India as per Schedule VII of the Act.

Keeping in line with the Act, the Company has formed a Corporate Social Responsibility Committee (hereinafter referred to as the 'CSR Committee').

Composition of the CSR committee:

S.No. Name Role
1 Mr. Ankur Vaid Chairman
2 Mr. Arvind Agarwal Member
3 Mr. Chakravarthy Sriraman Mandayam Member

Responsibility of the CSR committee:

  • Formulate CSR policy and recommend the same to the board indicating the activities to be undertaken as specified in schedule VII of the Act.
  • Recommend the amount of expenditure to be incurred.
  • Monitor the Policy from time to time and recommend changes to the board.
  • Constitute a transparent monitoring mechanism for ensuring implementation of the CSR projects/programs undertaken by the Company.
  • Appoint concerned and dedicated persons who can design, pursue and monitor these activities effectively.


In this Policy, unless the context otherwise requires:

  • "Act" shall mean the Companies Act 2013, including any modifications, amendments or re-enactment thereof.
  • "Agency" (or Agencies) means any Section 8 Company or a registered trust / society / NGO / institution, performing social services for the benefit of the society and excluding a registered trust/society/ NGO/institution/ Section 8 Company which is formed by the Company or its holding or subsidiary company/companies.
  • "Board" shall mean the Board of Directors of the Company.
  • "Company" shall mean Concord Biotech Limited., and wherever the context requires, shall signify the Company acting through its Board.
  • "CSR Committee" shall mean the Corporate Social Responsibility Committee constituted by the Board of the Company in accordance with the Act, consisting of three or more directors, out of which at least one director shall be an independent director.
  • "CSR Policy" shall mean the present Corporate Social Responsibility Policy of the Company, which covers the activities to be undertaken by the Company as specified in Schedule VII to the Act and the CSR Expenditure thereon.
  • "CSR Projects/Programs" means Corporate Social Responsibility projects / activities / programs / initiatives, instituted in India, either new or ongoing, and includes, but is not limited to those undertaken by the Board in pursuance of recommendations of the CSR Committee as per the declared CSR Policy of the Company Projects / activities / programs / initiatives undertaken in pursuance of normal course of business of the Company and projects which benefit only the employees of the Company and their families shall not be considered as CSR Projects.
  • "Financial Year" shall mean the period beginning from 1st April of every year to 31st March of the succeeding year.
  • "Rules" shall mean the Companies (Corporate Social Responsibility) Rules 2014, including any re-enactment, modifications or amendments thereof. 16. "Society" means a Society formed and registered under the Societies Registration Act, 1860 by the Company and includes a society jointly formed and registered by the Company with all or any of its Group Companies.
  • "Unit" shall mean the Company's facility at Dholka, Valthera & Limbasi Ahmedabad.

CSR Objectives

CSR Programs shall be carried out primarily in close vicinity of Company's units to enable close supervision and ensure maximum development impact.

The Objectives and the focus areas of Company's CSR policy are:

  • Healthcare : Promoting Health care including Preventive Health care through awareness programs, health check-ups, provision of medicine & treatment facilities. It shall also include programs to help in eradicating hunger, poverty & malnutrition, promoting sanitation& making available safe drinking water.
  • Education : Promoting education especially among children by supporting schools with infrastructure like benches, toilets, potable water, fans etc. and supporting children financially for higher education.
  • Gender Equality and Empowerment of Women : Promoting gender equality and empowerment of women, setting up homes, hostels and day care centers for women and orphans, setting up old age homes and other such facilities for senior citizens and adopting measures for reducing inequalities faced by socially and economically backward groups.
  • Environmental Sustainability : Ensuring environmental sustainability and ecological balance through plantation drives in schools, villages, our manufacturing units & offices/business premises and other areas in general; adoption of wastelands to cultivate plants, promoting alternate energy resources etc.
  • Generating Employment : Undertaking employment and livelihood enhancing vocational skills and projects to make the people independent and self-reliant.
  • National Heritage, Arts and Culture : Restoration of buildings & sites of historical importance & works of art; setting up public libraries; promotion & development of traditional arts & handicrafts.
  • Rural Development Projects : Strengthening rural areas by improving accessibility, housing, drinking water, sanitation, power and livelihood, thereby creating sustainable villages.
  • Promotion of Sports
  • Contribution or funds provided to technology incubators located within academic institutions which are approved by the Central Government.
  • Incidental Activities like employing people and incurring other costs to carry out aforesaid activities.
  • Such other activities as the Board may consider being appropriate.

The Company shall implement the identified CSR Projects/Programs by the following means:

  • The Company may itself implement the identified CSR Project/Program directly within the scope as defined in the Policy.
  • Engaging external professionals/firms/agencies if required, for the purpose of implementation of its CSR Projects provided that the activities pursued by the Agency are covered within the scope and ambit of Schedule VII to the Act and that the Agency has an established track record.

CSR Budget/ Funds

CSR expenditure will include all expenditure, direct and indirect, incurred by the Company on CSR Programs undertaken as approved by the Board. Moreover, any surplus arising from any CSR Programs shall be used for CSR.

CSR Committee will recommend the annual budgeted expenditure project wise to the Board for its consideration and approval.

Project Monitoring

The CSR Committee through a well-defined monitoring and evaluation mechanism shall ensure that each CSR program has.

  • Clear objectives developed out of the societal needs that are determined through research.
  • Clear targets, time lines and measurable parameters wherever possible.
  • Progress monitoring and reporting framework that is aligned with the requirements of the section 135 of the Companies Act and the CSR Rules.

Review and Amendment

CSR Policy may be revised/modified/amended by the CSR Committee at such intervals as it may deem fit.