Welcome to Hindusthan microfinanceWelcome to Hindusthan Microfinance Private Limited, a new microfinance institution which aims to offer credit and other financial products to the urban poor of India.  Hindustan Microfinance (HMPL) operates in Mumbai, India and provides various small loans to people unable to attain credit at other (larger?) banks.  HMPL gives those who ant to expand their business, start a business of use money for emergent matters a chance to do so while helping clients improve their financial management skills.Micro-finance institutions began in India in response to      With almost 75% of Mumbai’s population living below the poverty line set by         micro-loans have a huge potential to benefit the local community by providing not only financial stability but education on fiscal and risk management.Noticing the almost non-existent presence of microfinance institutions in Mumbai, Hindusthan began in order to serve the financial needs of the urban poor and now aspires to provide financial services to 200,000 clients by 2013 through developing an easily replicated, urban microfinance model. Hindusthan’s founders represent a mix of qualified and experienced professionals in the microfinance field with the common desire to not only help but educate clients. Please be part of our journey to provide temporary loans and long-term solutions.

History

Hindusthan Microfinance Pvt Ltd (HMPL) is a new urban microfinance institution (MFI), which aims at offering credit and other financial products to the urban poor in Mumbai.  Hindusthan Microfinance is a result of the Chief Founder, Mr. Anil Jadhav, working with the Hindusthan Cooperative Credit Society Ltd (HCCS) as its Chairman.  HCCS has a 20+ year history in providing micro-credit and micro-savings among the poor in Mumbai.

The aspirations of Anil Jadhav to reach out to the poor in a large scale resulted in the formation of HMPL as an NBFC. Mr Anil Jadhav, the Chief Promoter and Mr. LB Prakash, a microfinance professional co-founded HMPL, with exclusive focus on microfinance.   While the NBFC is new, the microfinance work in Mumbai is not new for the promoters, who have a good understanding of the needs of the poor and have been reaching out to them.

The legal form of NBFC allows HMPL to raise equity and funds more easily, while ensuring greater accountability, transparency and corporate governance.

Though HMPL started its operations in March 2008, the momentum was from October 2008. HMPL plans to work initially in Mumbai city and the surrounding areas/districts – particularly in the shanties and slum areas. In March 2008, Anil and Prakash started HMPL as its own entity.  The operations of Hindusthan initially commenced in the Mumbai region but plan to open 50 branches in the surrounding area in 5 years. 

One of the ways HMPL will be able to achieve opening 50 branches is by using the software used by HCCS and other Cooperative Societies in the Mahrashtra area.  Developed by Hindusthan IT Solutions Pvt Ltd., a group company, the MIS software is capable of handling the wide range of savings and credit products and is compatible with hand-held devices that generate clients’ receipts at the time of collection.  Because of these efficiencies, HMPL staff members are able to work with more clients and offer a stream-lined loan system that people want to work with.

BranchesTo fulfill our mission of providing appropriate financial services to 200,000 poor clients

by 2013, Hindusthan Microfinance plans to open 50 branches in the next five years.   These branches will serve different areas in Mumbai and surrounding districts.  With so many branches working in diverse areas, each branch will have its own dedicated staff, supported through the Regional Office and Head Office.  

Proposed Branch Spread (By District)

 Jari Mari Dharavi Ghatkopar

Antop Hill Mankhurd Malad (W)Kalwa Mulund Chembur

  Jogeswari Govandi

  Dahisar Vikroli

  Vashi Naka Bhandup

  Thane  Bandra (E)

Partners...... 

   

      

   

   

Volunteers for project......

 Along with board members, staff members, and partners we need volunteers! Volunteering knowledge, time and care to the clients of Hindusthan Microfinance is always appreciated.  We want to recognise those who have recently travelled the distance to meet us in India simply for the prospect of learning and making a difference.

 Yuko Hirose, Intern July 2009Julianne Lynch, Intern September 2009We also have been guiding students on project work.If Hindusthan Microfinance sounds like the kind of grassroots development project you want to be a part of or you just like what we’re doing, let us know! 

Farzana Kadar Shaikh (Bag making business)   

Farzana lives in Jari Mari with her husband, Kadar, and two sons Shadab (9) and Aziz (7). She has been in the cloth bag making business for the last two years. Farzana used to work for her sister, who supplied her with raw materials to stitch bags and bought the completed bags at Rs. 2 each. With a Rs. 10,000 loan from HMPL, Farzana was able to set up her own bag making business, creating employment for  5 other women in the neighborhood.The loan from HMPL changed Farzana’s life drastically. With a Rs. 10,000 JLG loan from HMPL, Farzana was able to set up her own bag making business, creating employment for her and 5 other women in the neighborhood.Farzana now procures raw materials directly from Air India for Rs. 5,000 – 7,000 (adequate for 10,000 – 11,000 bags) and divides the material between her and the 5 other women.Each of these 5 women bring her 150 – 200 stitched bag a day and she pays them for Rs.2 for each bag. Farzana also stitches bags herself, working on the sewing machine in her home - from 8am – 11am and 4pm – 8pm daily.When a total of 1,500 to 2,000 bags are completed, Farzana’s husband takes those to Pune to sell in bulk to a large shop. It is difficult to sell these bags in Mumbai, but they sell well in places further away like Pune or in the villages. The bags come in 3 sizes, small, medium, and large, and sell for Rs. 5, Rs. 7, and Rs.10 respectively.Before receiving a HMPL loan, Farzana’s monthly income was Rs. 1,000. Now it has quadrupled to Rs. 4,000. She uses the additional income for basic necessities like food and saves the balance amount. After receiving the HMPL JLG loan, she has been able to buy gold, to pay for her children’s education in the future. Now, she feels secure about the future.She dreams of sending her 2 children Shadab (9) and Aziz (7) to college and is looking forward to a second loan of Rs. 20,000 from HMPL to expand her business.   

Achievement......

Relationship with Financial Institutions

In a short period of time, HMPL has been able to establish a good reputation and relationship with Bankers, and is currently trying to broad base it dependence on to multiple lenders. Currently, it has borrowed funds from three banks – Yes Bank, HDFC and Axis Bank.  HMPL is trying to borrow funds from RBS Bank (formerly ABN AMRO Bank), SIDBI and a couple of other banks in the current financial year (FY 2009-10), and is expecting further sanctions during the year.

 

   Sustainability

For a start-up, HMPL has taken on the difficult task of working in Mumbai and neighbouring districts (sub-urban areas like Thane). While it is not so cost-effective to work in Mumbai because of the relatively higher costs to operate and source human resources, with our experience of working in Mumbai and also having good technical knowledge about microfinance, we expect that we will be able to achieve in our ambition of creating a viable, sustainable and replicable

 

model to reach out to the millions of poor in Mumbai.HMPL operates in Mumbai and surrounding suburbs which offers a good potential in terms of future business. While the OSS for the previous financial year (2008-09, the first year of operations) was at 63%, it is expected to be over 90% in the current financial year (FY 2009-10, the second year) and achieve 100% in the financial year 2010-11.OSS level is below 100% level in FY2008 primarily due to start up costs, branch expansion and slow client growth. In the current financial year, the OSS is almost 100% for the first quarter. HMPL adopted a slow growth strategy during the year 2008-09 as it wanted to test its product, methodology and systems.   Recognition

Photograph of MPEA Awards

 Hindusthan Microfinance Private Limited

(HMPL)   Address  : Hindusthan Bhavan, 1st Floor,

Ambedkar Nagar, Kurla - Andheri Road,Jari Mari, Saki Naka, Kurla (W),Mumbai - 400 072.Maharashtra. India.

   

  Tel. No.  : +91 22 2852 0409  /  2852 0410

     Fax No.  : +91 22 2851 8136     Email : aniljadhav@hindusthanmfi.com,

hindusthan.anil@gmail.com   

 

Funding Agencies in India

A M M Foundation 

"Tiam House" No 28, Rajaji Salai, Chennai 600001  Mr A Arunachalam/U S Natrajan  Phone : 044 - 512665 / 511591 Extn 403 

Action Aid  C Block Shopping Centre, Vasant Vihar  New Delhi 110 057 

AFPRO - Action for Food Production  25/1A, Institutional Area, D-Block, Pankha Road, Janakpuri, New Delhi - 110058  Mr. N C Bose  Phone : 011 - 5555412 / 5553652 Fax : 011 - 5500343 

Aga Khan Education Service, India  39/43, Nesbit Road, Mazagaon, Mumbai - 10  Phone : 022 - 3731811 Fax : 022 - 3731488 

Aga Khan Foundation  A / W C Campus 6, Bhagwan Das Road  New Delhi 110 001  Embassy of Ireland  13 Jor Bagh  New Delhi � 110 003 

Aga Khan Health Service, India  39/43, Nesbit Road, Mazagaon, Mumbai - 10  Dr H Ladhani  Phone : 022 - 3731707 / 3731801 Fax : 022 - 3731830 

Aide Et Action (India) 132, Peters Road, Chennai 600086  Mr L Narayanan  Phone : 044 - 8272950 Fax : 044 - 8283616 

AIDS Prevention an Control (APAC)  Voluntary Health Services, Adyar, Chennai 600013  Dr P Krishnamurthy  Phone : 044 - 2352965 / 2355048 Fax : 044 - 2355018 

ANGOS - Association of Non - Governmental Organisation  2, Pandit Pant Marg, New Delhi - 110001  Dr. N Mohanam  Phone : 011 - 3354921 Fax : 011 - 3736588 

Anjuman-I-Islam  92, D N Road, C S T Fort, Mumbai 400001  Dr M Jamkhanwala  Phone : 022 - 2620177 Fax : 022 - 2621610 

Ankur Ladies Club and Welfare Society  P-74, Lake Road, Calcutta - 700029  Mrs Krishna Sen  Phone : 033 - 4664542 

Archdiocesan Office for Social Work Caritas India, Mumbai  Eucharistic Bldg. III, 5 Convent Street, Colaba  Mumbai � 400 039  Director  Phone: 2021509 

Ashoka: Innovators for the Public T-13, Green Park Extension, New Delhi 110016  Ms Manisha Gupta  Phone : 011 - 6198002 Fax : 011 - 6198002 

Asian Paints Charitable Trust  5th Floor, Nirmal, Nariman Point, Mumbai 400021  Mr R D Dani  Phone : 022 - 2024544 Fax : 022 - 2028993 

Bagaria Charitable Trust  1-B, Debendra Lal Khan Road, Calcutta 700027  Shri Kailash Bagaria  Phone : 033 - 2236608 Fax : 033 - 2237754 

Bat � Sheva De Rothschild Fund for the Advancement of Science and Technology Bombay House, Homi Mody Street  Bombay 400023  Phone: 259131 

Bharatiya Yuva Shakti Trust  40, CII, 13, Harrington Road, Chetpet, Chennai 600031  Lakshmi Venkatesan  Phone : 044 - 8279842 Fax : 044 - 8279842 

Bhoruka Charitable Trust  1, Prabhu Dayal Marg, Sanganer Airport, Jaipur 302011  Mr R S Kumat  Phone : 550700 / 551678 Fax : 550119 

Bhoruka Public Welfare Trust  63, Rafi Ahmed Kidwai Road, Calcutta  Mr M P Sarangi  Phone : 033 - 2448092 / 2449619 Fax : 022 - 2261196 

Bombay Community Public Trust (BCPT)  5th Floor Regent Chambers, Nariman Point, Mumbai-21  

Mr M R Saraf  Phone : 022 - 2845928 / 2836672 Fax : 022 - 2836672 

C P Ramaswami Aiyar Foundation  The Grove, No. 1, Eldams Road, Chennai 600018  Dr Nandita Krishna  Phone : 044 - 459366 / 4341778 

CARE India  B � 28, Greater Kailash Part 1  New Delhi � 110 048 

CARITAS - INDIA  CBCI Centre, Ashok Place, Gole Dakhana, New Delhi - 110001  Father Ivan Joseph  Phone : 011 - 3363390 / 3732339 Fax : 011 - 3715146 

CASA - Church�s Auxiliary for Social Action  Rachna Building, 2, Rajendra Place  New Delhi � 110 065 

Catholic Relief Services  United States Catholic Conference India Programme  2, Community Centre, East of Kailash  New Delhi � 110 065 

Catholic Relief Services U.S.C.C.  India Programme � Mumbai Zone  St. Mary�s High School (SSC Section), Compound Nesbit Road, Mazagoan  Mumbai � 400 010  Zonal Director  Phone: 378 29 27 / 378 29 09 

Drug Information Centre  Department of Pharmacology G.M. College & J.J. Hospital, 1st Floor, Near Ward No.10, New Buildings, Byculla  Mumbai � 400 008  Medical Stores  Phone: 3760943 Ext. 2322 

Central Board for Workers Education  A 31, Panchwati, Azad Pur  New Delhi � 110 065 

Central for Rural Development and Appropriate Technology IIT, Hauz Khas  New Delhi � 110 016 

Central Social Welfare Board  

Jeevan Deep Building, Sansad Marg  New Delhi � 110 001 

Centre for Development Communication  4/174, SFS Mansarovar, Jaipur � 302020  Dr Vivek S Agrawal, Trustee Secretary  Phone : 0141 - 396789  Email :cdcjpr@datainfosys.net

Centre for Research & Development  Shreyas Chambers, Ground Floor, 175-Dr. D.N. Road, Fort  Mumbai � 400 001  Incharge  Phone: 261 03 08 

Ceyrac Trust  7, 18th East Street, Kamraj Nagar, Chennai 600041  Mr R S Kannan  Phone : 044 - 4928340 

Child Relief & You (CRY) 189 � A, Guruji Road, Mahalaksmi  Mumbai � 400 011  Branch Manager  Phone: 3096845 / 6472 / 1151 

Child Relief & You (CRY)  DDA Slum Wing (Baarat Ghar) Bapu Park, Kotla, Mubarakpur, New Delhi - 110003  Ms Bondana Dutta  Phone : 011 - 4693137 / 4694790 Fax : 011 - 4932302 

Children's Aid Calcutta  52-A, Rabindranath Chowdhury Road, Calcutta 700015  Fr Joseph Cherian  Phone : 033 - 2491046 Fax : 033 - 2448687 

Christian Children�s Fund  5th Floor, Padma Palace, 86, Nehru Place  New Delhi � 110 019 

Christian Missions Charitable Trust  18, Khader Nawaz Khan Road, Chennai - 600040  Dr Colleen M Redit  Phone : 044 - 8275883 Fax : 044 - 8275883 

CIDA  Canadian High Commission  7 / 8, Shantipath, Chanakyapuri  

New Delhi � 110 021 

Community and Abroad (Australia) (CAA)  Regional Representative  Community aid Abroad, E / 12C, DDA Flats Munirka  New Delhi � 110 067 

Concern India  13, Lynwood Avenue, Chennai 600034  Ms Mary Martinez  Phone : 044 - 8264639 

Concern India Foundation  C/o A B K Dubash, 3rd Floor, Ador House, 6 K, Dubash Marg, Mumbai - 400 001  Ms Kavita Shah  Phone : 022 - 2855487 Fax : 022 - 2043625 

Concern India Foundation  14, Birbal Road, 2nd Floor, Jangpura, New Delhi 110014  Ms Kavita Shah  Phone : 011 - 4312381 / 4326701 Fax : 011 - 4312318 

Coordination Unit for Beijing  802 Arunachal Bhawan 

Council for Advancement of Rural Technology  Guru Nanak Foundation Building, New Mehruli Road  New Delhi � 110 067 

CRY (Child Relief & You)  189 A, Anand Estate, Sane Guruji Marg, Mumbai -21  Branch Manager  Phone : 022 - 3063651 / 3063647 

Damien Foundation India Trust  7, Venugopal Avenue, Chetpet, Chennai 600031  Secretary  Phone : 044 - 8280496 Fax : 044 - 8240367 

Embassy of Portugal  13 Sunder Nagar  New Delhi � 110 003 

Embassy of Sweden (SIDA) Nyaya Marg, Chanakyapuri  New Delhi � 110 021 

Embassy of Switzerland  Chandragupta Marg, Chanakyapuri  

New Delhi � 110 021 

Environment Education Division  Ministry of Environment and Forests  Bikaner House  New Delhi � 110 011 

European Union, Delegation of the European Commission in India  65 Golf Link  New Delhi � 110 003 

Experient in International Living (EIL)  Vishwa Yuvak Kendra  Circular Road, Chanakyapuri  New Delhi � 110 021 

Family Planning and Medical Aid Trust  Mercantile Mansion, 3rd Flr, Madam Cama Rd,  Opp. Regal Cinema, Fort, Mumbai - 01  Dr H V Pophale  Phone : 022 - 2020832 Fax : 022 - 2045353 

Family Planning Foundation  198, Golf Links  New Delhi � 110 003 

Family Welfare Centre  Opp Holy Family School, S B Road, Colaba, Mumbai - 400005  Director  Phone : 022 - 3082085 

Financial Sponsorship for Heart Patients  Mahavir Heart Apartments, 12 / 8 Avanti Apartments, Flank Road, Sion (E)  Mumbai � 400 022  Phone: 3430609 

Finnida  Embassy of Finland  Nyaya Marg, Chanakyapuri  New Delhi � 110 021 

FAO - Food & Agriculture Organisation of the United Nations  55, Lodhi Estate  New Delhi � 110 003 

Ford Foundation  55, Lodhi Estate  

New Delhi � 110 003 

Foster Parents Plan International  410 Arun Chambers, Tardeo Main Road, Tardeo, Bombay India  Friedrich Ebert Stiftung  D 9 South Extension II  New Delhi � 110 049 

Gems Foundation  Gems Building, 6th Floor, 383, Mount Road, P.O. Box 2141, Saidapet, Chennai 600015  Ms Chamundi  Phone : 044 - 451340 Fax : 044 - 4345154 

Guntur Diocese Welfare Society  Cyber Shoppee, 9 / 2 Arundelpet  G Balaswamy  Phone : 0863 - 24v6633 

Habitat for Humanity  22 / 6, Ishwar Bhawan  �A� Road Churchgate  Mumbai � 400 020  Secretary  Phone: 2049815 / 8015979 / 3082157 

Harkashi Education Trust  "SAI", A-1, Ashruta Park, Near Vijay Nagar, Harni Road, Vadodara - 390006  Mr Jyotish Solanki  Phone : 471088 

Hindu Hitachi Scholarship Scheme  C/0 The Hindu, 859 and 860, Anna Salai, Chennai - 600002  Mr N Murali  Phone : 033 - 8535067 

Hindustan Charity Trust  78, Syed Amir Ali Avenue, Calcutta - 700019 

I M C Trust  A-183/1, Ashok Vihar Phase 1, New Delhi - 110052  Mr S N Gupta/Mr S S Jaodia/Mr S P Arora  Phone : 011 - 7254429 Fax : 011 - 3340202 

IDRC - International Development Research  11, Jor Bagh  New Delhi � 110 003 

ILO � International Labour Organisation  7 Sardar Patel Marg  

New Delhi � 110 021 

INDIA - People�s Action for Development A 1, Nizamuddin (W)  New Delhi � 110 013  Ranchi Consortium for Community Forestry  Post Box 7, Purulia Road  Ranchi � 834 001 

Indian Council for Cultural Relations  Azad Bhavan, Indraprastha Estate  New Delhi � 1  Phone: 272114  Telex: 031 � 4904 

Indian Cultural Research Trust  2nd Floor, Rajah Muthiah Hall, Rukmani Lakshmipathi Road, Egmore Chennai 600008  Mr Varadan  Phone : 044 - 8554690 

Indian Heart Foundation & Research Institute  C 11, Silver Arc, Near Gujarat Railway Crossing, Ellisbridge, Ahmedabad - 380006  Dr Nitin Shah  Phone : 079 - 6445445 / 6444101 Fax : 079 - 6562648 

Jaan Charitable Trust  3rd Floor, 303, Anna Salai, Teynampet, Chennai 600035  Mr Tara Rao  Phone : 044 - 453988 Fax : 044 - 453529 

KANFED - Kerala Association for Non-formal Education and Development  C/o. State Resource Centre, Sakshratha Bhawan  Trivandrum � 695 001 

KFW  Embassy of the Federal Republic of Germany  No. 6, Block 50 G Shantipath, Chanakyapuri  New Delhi � 110 021 

Khadi and Village Industries Commission Gramodaya  3 Irla Road, Ville Parle (W)  Mumbai � 400 050 

Konard Adenaver Foundation  A 11 / 23, Vasant Vihar  New Delhi � 110 011 

Konrad Adenauer Stiftung  Gauri Building, 3 / 4, South End Lane  New Delhi � 110 011 

Krishna Iyer's Charitable Trust  14, Chinniah Road, T Nagar, Chennai - 600017  V Nilakantan  Phone : 044 - 8260744 Fax : 044 - 8260744 

Kumarappa National Memorial Trust  131, San Thome High Road, Chennai - 600004  Dr N Sivaramkrishnan  Phone : 044 - 4940967 / 4942430 

Ladies Circle No 2  4D, Haddows Lane, Chennai - 600006  Ms Priya Tulshan  Phone : 044 - 8232644 

Ladies Circle No 38  Gee Cee Villa, 2nd Street, Poes Garden, Kasturi Rangan Road, Chennai - 600086  Ms Archana Duseja  Phone : 044 - 4993097 

Ladies Circle No 7  75, Sriram Colony, Abhiramapuram, Chennai - 600018  Ms Tara Shyam  Phone : 044 - 4970265 

Lalbhai Dalpatbhai Trust 1st Floor, Akshay, 53, Shrimati Society, Navrangpura, Ahmedabad 380009  Phone : 079 - 407454 

LIFE - Let Individuals Feel for Everyone  4, Samadhan, Linking Road Extension, Santacruz (W)  Mumbai � 400 054  President  Phone: 6146958 

Leverage Trust  12/30 Mettuppatti, Kaikurichy, Puddukottai - 622303,  Tamil Nadu  A Ravi 

Lion District Central Office 324A1  Bagirama Residency, 124, Marshall Road, Egmore, Chennai 600008  Lion Lakshmipathy 

Lions Club of Mahestala  

Ashuti, 1st Bye Lane, Moinagore, P.O. Raipur, Mahestala, 24 Parganas, West Bengal  Lion Santanu Saha  Phone : 033 - 4781967 / 4520480 Fax : 033 - 4788700 / 478 6854 

Lions Club of Mumbai, Byculla  5, Khururu Baugh, S B Road, Colaba, Mumbai - 05  Mr Bepsi Daruwala  Phone : 022 - 2049131 

Lokasiksha Parishad Rama Krishna Mission Ashrama  P.O. Narendrapur District 24 Parganas  West Bengal - 743 508 

Lutheran World Service Calcutta Programme 3, Hungerford Street, Calcutta � 700 017 

Madras Social Service Society  C/o Catholic Centre, 64, Armenian Street, Chennai 600001  Mr John Britto  Phone : 044 - 4940177 

Maharashtra State AIDS Control Society  RA Kidwai Marg, Wadala West, Mumbai-400031  Sanjay Bhagwat, Dy Director IEC  Phone : 4113097 / 4115619 Fax : 4113123 / 4115825  Email : bsanjay@youandaids.org

Mahindra Foundation  Gateway Building, Apollo Bunder, Mumbai - 01  Mr P K Palit  Phone : 022 - 2021031 

Malaysian Social Services M S Services, 19, West Arakanam Street, Amanjikara,  Chennai 600029  Mr P Ravindranath  Phone : 044 - 614970 Fax : 044 - 6213371 

Mandra Unnayan Samsad  Village and P.O. Mandra, District Hoogly  West Bengal 

Ministry of Human Resource Development  Shastri Bhavan  New Delhi � 110 001 

Ministry of Labour  Shram Shakti Bhavan, Rafi Marg  

New Delhi � 110 001 

Monday Charity Club  1, Sapthagiri Apartment, 83, T T K Salai, Chennai 600018  Ms Savithri Vaidhi  Phone : 044 - 4996634 

Nandini Voice for the Deprived  M 60/1, 14th Cross Street, Besant Nagar, Chennai 600090  Mr N S Venkataraman  Phone : 044 - 4961346 / 4961792 

National Foundation for India  Core-4A, Upper Ground Floor, India Habitat Centre, Lodhi Road, New Delhi 110003  Mr Shankar Ghose  Phone : 011 - 4641864 / 4641865 / 4648490-92  Fax : 011 - 4641867 

Nawab Welfare Association 11, Periar Salai, Anyawaram, Chennai 600023  Ms Nagmani  Phone : 044 - 613838 

Nis Sparta  Kankaria Estate, 6, Little Russel Street, Calcutta 700016  Mr Sandeep Mukherjee/Mr Turan Kumar  Phone : 033 - 2804480 / 2804481 Fax : 033 - 2828482 

NORDA - Norwegian Agency for International Development  C/o, Norway Embassy, Kautilya Marg  New Delhi � 110 021 

ODA  British High Commission  Shantipath, Chanakyapuri  New Delhi � 110 021 

OECF  Embassy of Japan  50 G, Shantipath, Chanakyapuri  New Delhi � 110 021 

Oxfam America  10, Hemkunt Colony, First Floor  New Delhi � 110 048 

Oxfam India  Flat No. 314, Mansorovar Building, 95 Nehru Place  

New Delhi � 110 019 

P D Agarwal Foundation  1, Prabhu Dayal Marg, Sanganer Airport, Jaipur 302011  Dr Ashok Agarwal  Phone : 550700 / 551698 Fax : 550119 

Population Foundation of India  B-28, Qutab Institutional Area, Tara Crescent, New Delhi 110016  Mr H P Nagpal  Phone : 011 - 6867080-82 Fax : 011 - 6852766 

Priconser (India)  607, Link House, 18, Mother Dairy Road, Delhi 110092  Mr R Krishnamoorthi  Phone : 011 - 2241031 Fax : 011 - 4602602 

Rajeshwari Nathan Foundation 13, West Road, CIT Nagar (W), Chennai 600035  Mr Nathan S K  Phone : 044 - 459057 

Rangammal Gopalachari Trust  AB-51, Second Street, Annanagar, Chennai 600040  Mr Ravi Natarajan  Phone : 044 - 6211908 

Rashtriya Gramin Vikas Nidhi  Trina Shree, Kannachal, Silpkhukuri, Guwahati 781003  Mr N C Medhi  Phone : 544725 / 548829 Fax : 521980 

Rathna & Rao Wisdom Trust  9, Desika Road, Mylapore, Chennai 600004  Mr K V Govinda Rao  Phone : 044 - 4990327 

Ravindra Patni Charitable Trust  303/304, Regent Chambers, Nariman Point, Mumbai 400021  Mr H M Patni  Phone : 022 - 2822562 / 2822621 

Regional Coordination South Asia � Harivallabh Parikh � Anand Niketan Ashram P.O. Rangpur  Baroda � 291 140 

Rights and Justice Ford Foundation  55, Lodi Estate  

New Delhi � 110 003 

Rotary Club of Delhi City  2/14, Sarvapriya Vihar, New Delhi 110016  Mr Ramesh Aggarwal  Phone : 011 - 6863018 / 6854859 Fax : 011 - 6859408 

Rotary Education Foundation  R I District 3010  Secretary's Office S-20 (Basement) Green Park Extension, New Delhi - 110016  Mr K K Vij  Phone : 011 - 6963692 / 6963436 Fax : 011 - 6863567 

Rotary International District 3230  28, Oliver Road, Mylapore, Chennai 600004  Mr Krishnan V Chari  Phone : 044 - 4992561 / 4993748 

Round Table 3 Child Education Trust  6, Casa major Road, Egmore, Chennai 600008  Mr Anil Nair  Phone : 044 - 8279532 Fax : 044 - 8254651 

Round Table Foundation  No 69, Nungambakkam High Road, Chennai 600034  Mr Kishore Sahani  Phone : 044 - 8274539 Fax : 044 - 8263862 

Royal Commonwealth Society for the Blind  South Asia Regional Office  B 1/B 3, Second Floor, Matru Ashish L Jagmohandas Marg, (454, Napean Sea Road)  Mumbai � 400 036 

Royal Danish Embassy 11, Aurangzeb Road  New Delhi � 110 011 

Royal Embassy of Belgium  50 N, Shantipath, Chanakyapuri  New Delhi � 110 021 

Royal Netherlands Embassy  6 / 50 F Shantipath, Chanakyapuri  New Delhi � 110 021 

Sahay  734 Block P, New Alipur, Calcutta 53  Maitrayee Mukherjee  

Phone : 4005767 / 4005768 / 4005769 Fax : 4005757  Email :sahayci@cal.vsnl.net.in

Sai Sansthan Maha Kali Medical Trust  Maha Kali Road, Andheri (E) Mumbai  Director 

Sanjivani Public Trust  2nd Floor, Everest A/1-2, Near Famour Cine Laboratory, Tardeo Road, Mumbai - 400084  Mr H C Mehta  Phone : 022 - 4942022 / 4943377 

Sanskriti Pratishthan  C-6/53, Safdarjung Development Area, New Delhi 110016  Mr O P Jain  Phone : 011 - 6961757 / 6963226 Fax : 6853383 

Sarhad  Om Gurudatta Hsg.Soc., Chavan Nagar, Dhankawadi, Pune - 43  Adikkadam  Phone : 020 � 4374213 Fax : 020 � 437238  Email :adikkadam@yahoo.com

Serd- Social Education for Rural Development  # 13. Maravar Stree, Main Road, Manamadurai  L Pandi, Secretary  Phone : 04574 - 68734  Email :serdpandi@yahoo.com

Shastri Trust  Court Chamber, Marine Lines, Mumbai -20  Mr Thakur Bhumani  Phone : 022 - 2001895 

Shivam Foundation  F-5, Okhla Industrial Area, Phase I, New Delhi 110020  Mr T K Ganju  Phone : 011 - 6813536 / 6817112 Fax : 011 - 6818015 

Shree Gopal Chandra Trust  3/13, Asaf Ali Road, New Delhi 110002  Mr S K Agarwal  Phone : 011 - 3256217 / 3279044 Fax : 011 - 3269761 

SIDA - Swedish International Development Agency Nyaya Marg, Chanakyapuri  New Delhi � 110 021 

Sir Dorabji Tata Trust  

Bombay House, Homi Mody Street, Fort, Mumbai - 400001  Mr R M Lala  Phone : 022 - 2049131 Fax : 022 - 2826092 

Sir Ratan Tata Trust  Bombay House, Homi Mody Street, Fort, Mumbai - 400001  Secretary  Phone : 022 - 2049131 Fax : 022 - 2826092 

Siriram Washeshran Devi Bhatia Memorial Charitable Trust  C-378, Defence Colony, New Delhi 110024  Mr J M Bhatia/Lt. Col. P K Sibal/Dr A Sibal  Phone : 011 - 4692125 Fax : 011 - 6229674 

Smt Nathiba Hargovindas Laxmichand Charitable Trust  C/o Amit Sheth, 2nd Floor, P K House, Ellisbridge, Ahmedabad 380006  Mrs Priti Amit Sheth  Phone : 079 - 6578782 

SOSVA � Society for Service to Voluntary Agencies  Crescent Chambers, 4th Floor, Tamarind Lane, Fort  Mumbai � 400 023  Gen. Manager  Phone: 642631 / 275270 

South Asia Partnership C/o, Voluntary Action Cell  Gandhi Peace Foundation  221 / 223 Deen Dayal Upadhayaya Marg  New Delhi � 110 002 

South Indian Office  22A, I, St. New Colony, Mannarpuram  Trichinapalli � 620020, Stiching  Phone: 043 / 44185  Fax: 043 / 44185  Telex: 0455298 WAS1 1N 

Southern Region Office  12, 11 � 7, Mauna Gurnmata Road, Poddigensta, Cox Town  Bangalore � 560 005  Mr. Vishwa Sagar  Phone: 572 937 

Sports Coaching Foundation  203, Cresent Towers, Masab Tank, Hyderabad 500028  Mr K Sai Baba  

Phone : 040 - 220071 Fax : 040 - 339459 

Sri Ram Educational Trust  18, Evening Bazar Road, Chennai 600003  Mr Devraj Naidu  Phone : 044 - 5350580 

Sri V Narayana Iyer Memorial Trust  Gitalaya, Block AD-48, Anna Nagar, Chennai 600040  Mr Narayana Viswanath  Phone : 044 - 6213504 / 6212454 Fax : 044 - 6214524 

Sri Vupputur Alwar Chetty Charities 183, Govindappa Naichan Street, Chennai 600001  Phone : 044 - 5222447 

St Xavier's College (Calcutta) Alumni Association  Room No 5, 30, Park Street, Calcutta 700016  Mr Naresh Gupta  Phone : 033 - 2805566 Fax : 033 - 2206274 

St. George Charitable Trust  C/o Mr B I Chandok, 713, Anna Salai, Chennai 600002  Mr Kishore Sahani 

St. Xavier�s College Purulia Road  Post Box 9  Ranchi � 834 001  Bihar 

Subbiah Dharma Nidhi  896, Main Road, Kovilpatti 627701  D Ganesan  Phone : 044 - 25835 / 30236 

Sujata Charity Trust  Industry House, 159 Churchgate Reclamation, Mumbai 400020  Mr K P Chokhani  Phone : 022 - 2026340 

Swiss Aid Nyaya Marg, Chanakyapuri  New Delhi � 110 021 

Swiss Development Co-Operation  Embassy of Switzerland  Nyaya Marg, Chanakyapuri  New Delhi � 110 021 

Tamil Nadu Corporation for Development of  Women 100 Anna Salai, Chennai - 600032 Mrs Kalpana Sankar Phone : 044 - 2355033 Fax : 044 - 2352751 Email : tncdw@satyam.net.in 

Tamil Nadu Kidney Research Foundation (Tanker Foundation)  17, Wheatcrofts Road, Nungambakkam, Chennai 600034  Ms Lata Kumaraswami  Phone : 044 - 8273407 

Technical Co-Operation  A 9 / 25A, Vasant Vihar  New Delhi � 110 057 

Terre Des Homes India Programme  19, Sayney Sujan Park, Kondwa Road  Pune � 411 001 

The Hunger Project Bajaj Bhavan Road, 226, Nariman Point  Mumbai � 400 021  Phone: 2026804 / 2042739 / 41 / 2832455 

Helpage India  34 � A / 44, Guruchhaya, Manish Nagar, Four Bungalows, Andheri (W)  Mumbai � 400 058  Principal Executive  Phone: 6231541 / 6231634 

The IndusInd Foundation 193, Rouse Avenue, New Delhi 110002  Mr A G Asrani  Phone : 011 - 3235680 Fax : 011 - 3234689 

UNDP - United Nations Development Programme  56, Lodi Estate  New Delhi � 110 003 

UNICEF  5th Floor, Ravindra Mansion, D.V. Road, Churchgate  Mumbai � 400 020  Chief of Field office  Phone: 202 0010 

UNICEF - United Nations Development Children�s Education Fund  72 / 73, Lodi Estate  

New Delhi � 110 003 

Unniti Foundation India  140, Sunder Nagar, New Delhi 110003  Dr Veena Khanna  Phone : 011 - 4317281 Fax : 011 - 7317281 

US Aid  US Embassy  West Building  Chanakyapuri  New Delhi � 110 021 

Vajra Bodhi Society Vajra Bodhi Society, P B No 8, Buddhagaya, Bihar  Bhikkhu Rahul Sankrityayan, Secretary  Phone : 0631 - 400254  Fax : 0631 - 400254  Email : vajrabodhi_buddhagaya@yahoo.com 

Vasant J Sheth Memorial Foundation  C/o The Great Eastern Shipping Co Ltd,  Hongkong Bank Building, 60, MG Road, Mumbai - 400001  Ms Asha V Sheth  Phone : 022 - 2674869 Fax : 022 - 2658311 

Vavilla Venkateshwara Sastrulu Trust (VVS Trust)  26, Ramanuja Iyer Street, Chennai 600021  Managing Trustee  Phone : 044 - 5951378

Valliamal Educational Trust E-9, Anna Nagar (E) Chennai 600108  Mr A Paramasivanandam  Phone : 044 - 6262816 

Vasant J Sheth Memorial Foundation C/o The Great Eastern Shipping Co Ltd,  Hongkong Bank Building, 60, MG Road, Mumbai - 400001  Ms Asha V Sheth  Phone : 022 - 2674869 Fax : 022 - 2658311 

Vavilla Venkateshwara Sastrulu Trust (VVS Trust) 26, Ramanuja Iyer Street, Chennai 600021  Managing Trustee  Phone : 044 - 5951378 

VEI Mission  33, Radhakrishna Nagar, Chennai 600019  Mr Prabhakar  

Phone : 044 - 544086 

VKK Charities  49, Thirumalai Pillai Road, T Nagar, Chennai 600017  Dr P Arivasagan  Phone : 044 - 8275378 

Willingdon Charitable Trust 2nd Floor, Rajah Muthiah Hall, Rukmani Lakshmipathi Road, Egmore, Chennai 600008  Mr Varadan  Phone : 044 - 8554690 

World University Service Centre 18, East Spurtak Road, Chennai 600031  Prof Bojappa  Phone : 044 - 8263991 

World Vision India  8th Floor, Khaleel Shirazi Estate, Pantheon Road, Egmore, Chennai - 600008  Director  Phone : 044 - 8260606 / 8262254 Fax : 044 - 8279084 

Zaheer Science Foundation  Tower A, Flat 30, Sakir Bagh, Okhla Road  Vice � President  New Delhi 110025  Phone: 633373 

Zonta Club of Bombay  C/o Dr K Madon Hardinge House, Gowalia Tank, Mumbai - 400036  Phone : 022 - 3864248 / 3887815 Fax : 022 - 2834311

Aga Khan Foundation  Contact Persons :  Mr Vijay Sardana CEO-  Dr Arvind Mathur Programme Officer  Phone : 011 - 3782173 / 3782157 / 3782185  Email :agfind@nda.vsnl.net.in

15.00 CET, 13/12/2010 - Companies worldwide will be given greater guidance and support on how to conduct their business responsibly and report on their sustainability performance thanks to a partnership between the Global Reporting Initiative (GRI) and the OECD.

 

The partnership, announced today, will help companies make greater use of the OECD Guidelines for Multinational Enterprises and the GRI Sustainability Reporting Framework, bringing increased coherence and consistency to their efforts to act more responsibly and be more transparent about their sustainability.

 

The OECD Guidelines for Multinational Enterprises are the most comprehensive corporate responsibility instrument developed by governments in existence today. They cover all major areas of business ethics and are addressed to all the activities of multinational enterprises operating in or from the 42 adhering countries. The OECD Guidelines also have a unique implementation mechanism to address issues arising from their non-observance.

 

GRI provides the world’s most widely-used framework for producing sustainability reports. The GRI Sustainability Reporting Framework enables large and small companies, non-profit organizations and government bodies worldwide to assess their sustainability and disclose the results. Transparency through reporting on environmental, social and governance (ESG) factors drives the sustainability of individual organizations and, ultimately, the global economy. GRI’s key goal is to make sustainability reporting mainstream.

 

The OECD Guidelines for Multinational Enterprises and the GRI Sustainability Reporting Framework are based on and promote the same internationally agreed standards and principles for responsible business conduct, including social and human rights and economic and environmental matters. The GRI Sustainability Reporting Framework provides guidance on how to measure sustainability performance and the OECD Guidelines for Multinational Enterprises a benchmark to assess such performance.

 

Today’s Memorandum of Understanding (MoU) aims to establish a three year program to encourage companies to use both the OECD Guidelines for Multinational Enterprises and the GRI Sustainability Reporting Framework. The MoU also outlines the way GRI and OECD can work together to make use of the synergies between the two instruments and strengthen cooperation in other common areas of mutual interest.

 

Mervyn King, Chairman of the Global Reporting Initiative’s Board of Directors, said: “We welcome today’s step forward in our work with OECD. GRI’s mission is to mainstream ESG reporting worldwide. By working with OECD, we can help responsible multinational enterprises lead the way to a sustainable future.”

Richard Boucher, OECD Deputy-Secretary General, concurred: “This MoU not only attests to the excellent co-operation that already exists between the OECD and the GRI but also to a common determination to assist enterprises to become more responsible corporate citizens.” Media contacts:Marie-France HoudeOrganisation for Co-operation and DevelopmentMarie-France.Houde@oecd.orgTel: + 33(0)1 45 24 92 16

Lucy GoodchildGlobal Reporting Initiativegoodchild@globalreporting.orgTel: + 31 (0)20 531 0067 (office hours)Mobile: +31 (0)6 303 99 531 (out of office hours)