SD Corporation is a preferred developer for redevelopment and green field projects. It is a confluence of resources, reputation and expertise of two real estate developers, Shapoorji Pallonji and Dilip Thacker. The company has a clearly determined vision to create landmarks out of ordinary spaces through the process of redevelopment which infuses a fresh lease of life in old and dilapidated buildings giving the city a fresh and a modern look .
The company is committed to building a vibrant future for generations ahead through successful enterprise, leveraging existing platforms and creating new ones for tomorrow. Modern technologies are amalgamated with strategic development and innovative thinking.
SD Corporation builds foundations for success with exceptional living and commercial spaces that will increase value for its partners, shareholders and customers.
Shapoorji Pallonji Real Estate is a full-fledged division of the Shapoorji Pallonji with dedicated engineering, financial, marketing and legal services. It has inspired and created several prestigious commercial and residential landmarks in Mumbai, which are renowned for their quality construction, efficient design and wide-range amenities. Shapoorji Pallonji Real Estate has expanded its portfolio, developing world-class office space largely for IT, ITES & SEZ segments under the brand SP Infocity.
These developments are already operational at Pune, Chennai, Gurgaon and Manesar. These will be followed by parks at Mohali, Nagpur, Kolkata and Mysore. Another area in which Shapoorji Pallonji Real Estate is displaying its acumen is mass housing.
The first project, SP Shukhobrishti (Shower of Joy) is a 150 acres township in Kolkata, offering complete living and recreational facilities. Shapoorji Pallonji Real Estate is actively venturing into retail, hospitality and commercial real estate.
To be the developer of choice in Mumbai Metropolitan Region (MMR) and its environs by redeveloping communities, transforming lives and creating quality spaces
To develop flagship redevelopment projects
To differentiate ourselves from competition by:
-Executing projects in a timely manner
-Effectively managing internal and external stakeholders
To develop a service orientation - Create and manage an asset base of high-end hotels and clubs as part of mixed use development of projects
To establish international presence with iconic real estate developments in other global financial centers, such as Manhattan, in the long term
Preamble - Why CSR:
The Company (“SD Corp”), being a socially responsible corporate, acknowledges its role towards its stakeholders, the environment, its consumers, employees and most essential the social scenario in which it operates. CSR thus becomes essential part of our existence / DNA.
While our business is focused on improving the physical infrastructure and creating quality spaces, by undertaking redevelopment projects; our CSR initiatives aim at improving the societal infrastructure by channelize our energies for development of under-served communities and promoting quality lifestyles.
Business with Social Vision:
SD corps business is around redevelopment. Our business vision is about bringing fresh lease of life to old and dilapidated structures and creating landmarks out of ordinary spaces. In this process of redevelopment, we provide improved living conditions to marginalized urban poor community and thus focused on building a vibrant future for generations.
SD Corp CSR activities started in 2010 and has been an integral part of our business since inception. We aspire to make the entire ecosystem move with us in the process of growth and believe in effectively managing internal and external stakeholders. Principles of Shared Progress and Sustainability, thus forms the core of our CSR philosophy.
In this regard, the Company has made this policy which encompasses the Company’s philosophy for delineating its responsibility as a Corporate Citizen and lays down the guidelines and mechanism for undertaking socially useful programmes for welfare and sustainable development of the community at large and titles as the “Corporate Social Responsibility (CSR) Policy” which is based as per the Companies Act, 2013 and rules made there under.
This policy has been formulated and recommended by the CSR Committee and adopted by the Board of Directors at its meeting held on March __, 2015. The Board may, upon recommendation of the CSR Committee, amend or modify this CSR Policy as and when necessary.
Our CSR Vision:
Our Vision is to promote Shared Development for all We envisages to stimulate collective growth by promoting enabling environment, craft such opportunities that transform communities and inspire people to unleash their potentials and ultimately craft collective actions for Synergising Development for all.
Since our business and social commitment go hand in hand, we continue our responsibility towards the under-served people from the local areas and areas around our operation, for spending the amount earmarked for CSR activities. Thus the areas in and around our project sites and under-served community impacted by our projects constitute our preferred area and preferred community for CSR intervention along with other marginalized communities, unprivileged people, migrant workers and so on. But in case of projects on Environmental Sustainability, Social Inclusion and other projects implemented by SD Foundation, the preferred area and preferred community is extendable to anywhere in India.
We shall engage in sustainable projects. Donations and charity efforts will be solely for medical aid, education aid, disaster relief and alleviation of poverty.
We intend to empower families by connecting with at least one member of the family through our CSR projects. We concentrate more on making children, adolescent and young adults self-reliant, so that they are capable / empowered to continue their progress in the forthcoming times.
“Act” means the Companies Act, 2013, as amended and modified from time to time.
“Areas of Interest” means the areas of interest as identified by the Company for implementing CSR goals as per this CSR Policy and shall include all CSR Activities as defined under the Act and CSR Rules from time to time.
“Board” means Board of Directors of the Company as may be constituted or reconstituted from time to time.
“Company” means S. D. Corporation Private Limited (“SD Corp”).
“Corporate Social Responsibility (CSR)” means and includes but is not limited to:
i) Projects or programs relating to activities specified in Schedule VII to the Companies Act, 2013; or ii) Projects or programs relating to activities undertaken by the Board of Directors of the Company in pursuance of the recommendation of the CSR Committee and approved by the Board as per this policy.“CSR Committee” means Corporate Social Responsibility Committee constituted by the Board pursuant to section 135 of the Companies Act, 2013.
Constitution and composition of the CSR Committee:
The CSR initiatives/activities of the Company will be identified and initiated by the CSR Committee comprising 3 (three) members of the Board. Subject to the requirements of the Act, the Board may increase or decrease the size of the CSR Committee by passing a resolution.
The members of the CSR Committee shall elect one of them as the Chairman of the Committee. The CSR Committee shall recommend to the Board the amount of expenditure to be incurred by the Company on CSR activities and the Board will ensure that the activities as are included in the CSR Policy are undertaken by the Company subject to and in accordance with the provisions of section 135 of the Companies Act, 2013 and rules made there-under.
The current members of the CSR Committee shall be the following:
|Name||Title||Role in the CSR Commitee|
|Mr. Srinivasan Iyer||Director||Member|
|Mr. Vishwas More||Director||Member|
|Mr. Subodh Pagnis||Director||Member|
Invitees to the CSR Committee:
The CSR Committee may, at its discretion, invite anyone having expertise in CSR activities to participate in the meetings of the CSR Committee and assist the CSR Committee in the implementation of the CSR Policy. Invitees to the CSR Committee meetings shall be entitled to participate in the deliberations of the CSR Committee but will not be entitled to vote at the meetings of the CSR Committee.
Scope of the CSR Committee:
The CSR Committee has been set up to:-
• Formulate and recommend to the Board CSR Policy which shall indicate the activities to be undertaken by the Company as detailed in the Schedule VII to the Act;
• Recommend the amount of expenditure to be incurred on the activities referred to in the CSR Policy;
• Monitor the CSR Policy from time to time
Creation of Trust:
The Company has initiated SD Welfare Trust registered under Mumbai Public Trust Act 1950, to channelized the social initiatives.
Our CSR projects would be primarily developed, implemented and monitored through this trust, however as per decision of CSR committee, other competent partners could also be directly involved for designing and managing the CSR projects.
Meeting of the CSR Committees:
• The CSR Committee shall meet as frequently as it determines necessary.
• The CSR Committee shall maintain minutes of each of its meetings.
• The CSR Committee shall review proposed projects and make recommendations to the Board for approval of such projects and allocation of funding in accordance with the CSR Committee charter.
• The final decision with regards to the acceptance or rejection of a CSR Proposal shall be with the Board.
Decisions by the CSR Committee:
• The CSR Committee shall at all times act in a manner that is consistent with the provisions contained in this CSR Policy, the Act and CSR Rules.
• The CSR Committee shall endeavor to arrive at all decisions by a consensus of all Members.However, in the event the CSR Committee is unable to arrive at such a consensus, the Chairman of the Committee may make the final decision.
• All decisions of the Committee shall be ratified by the Board.
Corporate Social Responsibility Activities (Areas of Interest):
The Company shall upon the recommendation of its CSR Committee and with necessary approval of the Board, can undertake any of the following activities, as part of its corporate social responsibility initiatives, which are defined in Schedule VII of the Companies Act 2013:
Areas of Interest:
1. Eradicating hunger, poverty and malnutrition, promoting health care including preventive health care and sanitation including contribution to the Swatch Bharat Kosh set-up by the Central Government for the promotion of Sanitation and making available safe drinking water;
2. Promoting education, including special education and employment enhancing vocation skills especially among children, women, elderly, and the differently abled and livelihood enhancement projects;
3. Promoting gender equality, empowering women, setting up homes and hostels for women and orphans; setting up old age homes, day care centres and such other facilities for senior citizens and measures for reducing inequalities faced by socially and economically backward groups;
4. Ensuring environmental sustainability, ecological balance, protection of flora and fauna, animal welfare, agro-forestry, conservation of natural resources and maintaining quality of soil, air and water including contribution to the Clean Gangajal Fund set-up by the Central Government for rejuvenation of river Ganga.
5. Protection of national heritage, art and culture including restoration of buildings and sites of historical importance and works of art; setting up public libraries; promotion and development of traditional arts and handicrafts;
6. Measures for the benefit of armed forces veterans, war widows and their dependents;
7. Training to promote rural sports, nationally recognized sports, Paralympic sports and Olympic sports;
8. Contribution to the Prime Minister's National Relief Fund or any other fund set up by the Central Government for socio-economic development and relief and welfare of the Scheduled Castes, the Scheduled Tribes, other backward classes, minorities and women;
9. contributions or funds provided to technology incubators located within academic institutions which are approved by the Central Government;
10. rural development projects;
11. slum area development;
Provided that, the CSR projects and programs or activities that benefit only the employees of the Company and their relatives shall not be considered as CSR activities.
(b) The Company may update the above list as per Section 135 and Schedule VII of the Act as amended from time to time.
(c) The Company focuses its philanthropy primarily in geographic regions of India where The Company has a business presence. However, the Company may contribute to causes in other parts of India, if the CSR Committee is of the opinion that such contribution is appropriate.
(d) The Company will publish the list of specific projects / programs it plans to undertake for any financial year, and the modalities of execution, including implementation plan will be published as an Annexure to this policy from time to time.
For each financial year, the minimum amount available for CSR spending will be defined in accordance with the applicable provisions of the statute.
The total budget for the CSR projects will be decided by the CSR Committee.
• If in case the Company fails to spend such amount, the Board shall, in its report made under clause(o) of sub-section (3) of section 134, specify the reasons for not spending the prescribed amount.
• The surplus arising out of the CSR projects or programs or activities shall not form part of the business profit of the Company.
• CSR expenditure shall include all expenses including contribution to corpus for projects or programs relating to CSR activities approved by the Board on the recommendation of CSR Committee, but should not include any expenditure on an item not in conformity or not in line with the activities which fall within the purview of Schedule VII of the Act.
a) Project Identification
Project would be identified based on any one or a combined inputs as stated below:
1. Need based short term and long term initiatives on the identified theme areas.
2. Engagement and deliberations with the key stakeholders, subject experts, competent organizations, consultancies, institutes and government authorities for project identification
3. Alignment with group CSR policy wherever applicable
4. Regulatory requirements as applicable
Identified projects will be presented in detailed project proposal covering project objectives and realistic goals, Impact areas, Targets, various stakeholders to be involved including project partners and recipients of projects, project timelines, and resources required.c) Project Implementation
Project would be implemented as per the plan and with the help of partner organisation. The project team would be provided with additional training, if required.d) Selection of Partners
1. Subject expertise 2. Track record in the specific theme / focus area 3. Ability to reach the community
Project Monitoring and Evaluations
Our projects aimed at effectively and transparently implementing CSR projects for marginalized communities.
The project would be reviewed by with the help of set review and feedback mechanism to manage three R’s (Reach, Resources, Results) with specified timelines The project timelines may be realigned and resources could be reallocated, on the basis of project review.
Our approach to implementation:
1. We will strive to implement the aforesaid CSR activities on our own to the extent possible. However, the principle implementer of our CSR activities would include:
i) Collaborating with various organisation, which are registered as a Trust or a section 8 company under the Companies Act, 2013 or Society or NGOs or any other form of entity incorporated in India that specialise in the aforesaid activities.
ii) Contribution to various funds which are aligned with our Vision and Mission e.g.
• Prime Minister's National Relief Fund
• Any other fund set up by the Central Government for :
a) socio-economic development and relief.
b) for the welfare of Scheduled Castes, the Scheduled Tribes, other Backward classes,minorities and women.
(1) Organizations receiving Funding will be required to provide evaluation information on a periodic basis with details on the status of the CSR Activities, including details concerning the project deliveries, costs incurred, and in a manner prescribed by the Company.
(2) A summary of these reports shall be tabled before the meetings of the CSR Committee.
(3) Detailed reports will be available for further perusal of the members of the CSR Committee as required.
(4) The Company reserves the right to suspend payments to an Organization that delays and or fails to provide, to the Company’s satisfaction, details concerning the use of the Funding
The Company may communicate information about its CSR policy/implementation through any of the following channels:
1. CSR section on web site
2. Newsletter/internal magazines to feature CSR update
3. Corporate presentation of all group companies to reflect CSR
4. Branding at project site, “Supported by SD Foundation’
The Company shall also in its annual report publish on CSR activities in the manner prescribed under the Companies Act, 2013 and the CSR Rules.
The content depicted herein is for general information and purely conceptual and is not legal offering nor will it be part of any binding document. The Developer reserves the right to delete, modify or supplement the content at any time for any reason without prior notification.