Our Social Commitment

Our Social Commitment

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.



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.


• 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


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.


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.


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


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


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


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


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.