INDIA's MOST PRESTIGIOUS CSR AWARD to MARG LIMITED
Awarded the GOLDEN PEACOCK AWARD for Corporate Social Responsibility
- Awarded for its CSR initiatives at the 7th International Conference on Social Responsibility, Dubai on 25.4.12
- This globally acclaimed award recognizes the outstanding CSR done by MARG ushering regional prosperity and transforming the lives of thousands of rural folk
- MARG's CSR works in thematic areas with a focus on Education, Health, Community Infrastructure and Welfare Measures
- Golden Peacock Awards , instituted since 1991 , are widely recognized as the hallmark of corporate excellence globally
- These awards are based on Institute of Directors (IOD) Business Excellence Model and are comparable with similar frameworks worldwide.
Chennai, April 30, 2012: MARG Limited, one amongst India's fastest growing infrastructure companies, has bagged the prestigious "Golden Peacock Award for Corporate Social Responsibility". The award was presented amidst an august gathering of corporates & bureaucrats by His Excellency Humaid Mohammed Obaid Al Qutami, Minister of Education, Govt. of UAE at a special gala awards night during the 7th International Conference on Social Responsibility in Dubai (U.A.E). The award was presented in the esteemed presence of Justice M N Venkatachaliah, Chairman, IOD India and former Chief Justice of India, Lt Gen J S Ahluwalia, PVSM (retd), President, Institute of Directors, India and Dr Graham Wilson, Leadership and Organization Development, OXFORD, UK.
While receiving the award, Atul Raja, Group VP and Head of Corporate Communications - MARG Group who spearheads the CSR efforts at MARG, said, "MARG Parivarthan has been transforming the lives of thousands of people living in rural villages around our areas of impact, through structured & holistic social interventions in vital development indicators like Education, Health, Community Infrastructure, welfare programmes etc. This prestigious global recognition in the form of the Golden Peacock acknowledges the silent socio-economic transformation being driven by our CSR efforts".
The Golden Peacock Award is a tremendous boost to the industry. India's success mantra in the manufacturing is attributed to the competition fostered by this award. These awards are recognized worldwide as the hallmarks of corporate excellence and helps companies accelerate the performance and competition. The purpose of Corporate Social Responsibility (CSR) is to give attention to social and environmental concerns in addition to economic goals, and encourage companies to balance financial profits, economic value addition and social good. The Awards are bestowed annually and are designed to encourage total improvement in each sector of our business. This is the only award, which has meticulously defined and transparent selection criteria and is determined by highly elaborate and independent assessment process.
Commenting on this prestigious recognition to MARG's CSR efforts, GRK Reddy, Chairman and Managing Director, MARG Group, said, "CSR is a way of life at MARG and is tune with our holistic region development philosophy. I feel proud that our CSR efforts are transforming the lives of thousands of villagers and ushering regional prosperity. Our constant endeavor is to act as a catalyst and bring about a positive change in the society at large. MARG's corporate and social goals are well integrated with each other to create constructive and an optimistic change. I am privileged to receive such a prestigious award. It's heartening to note that organisations today are trying to do their best on the Social Responsibility which is a very good sign for India's development."
MARG Parivarthan, the CSR arm of MARG Ltd was born out of a vision to master plan the existing social fabric. Inclusive growth has been the guiding philosophy of MARG through which the populations around the project sites are included in the development processes and the progress is two way and mutual. MARG as an organization has redefined the fundamentals of urbanization by creating eco-systems where surrounding environment is an integral part of MARG's forward march.
At MARG the approach to CSR is as a business model and endeavour is to holistically benefit the communities of impact. Through this model, the communities are growing in sync with the development happening around them, thereby creating a balance in the system – both ecological & economical. We call this "Inclusive living" – simply including everyone in the process of creating and sharing progress.
Highly impactful CSR initiatives at MARG are mainly a result of a full-fledged professionally qualified CSR unit integrated into the mainstream of MARG's organisation structure with region specific decentralized plans implemented and monitored assiduously. A key feature of CSR at MARG is the encouragement provided to employee volunteerism.
MARG's social initiatives have recently received many accolades in the recent times which include, India Shining Star Award 2011 by Wockhardt Foundation, 3rd CIDC Vishwakarma Award 2011 and Excellence in Social Service at India Leadership Conclave.
About Golden Peacock Awards:
The Golden Peacock Awards Framework is designed to help explore organizational beliefs and strategy to look for linkages and measurable activity to test results in the long-term success. The Golden Peacock Award is based on IOD Business Excellence Model and is comparable with similar framework around the globe (including the Baldrige and European models) and contains all of the requirements of the ISO 9001:2000 standard series. Leading Indian and India based multinational organizations use the Framework to assess themselves and build those results into their strategic planning process. It improves the bottom-line across financial and non-financial performance indicators. The vision of the GPA Secretariat, which has responsibility for administering the Awards program, is to create world-class organizations and to bring a better quality of life.
The Institute of Directors received an overwhelming response for this year awards for both National and Global Awards. A total of 56 companies have been shortlisted for this year awards. An expert assessment team comprising of CSR and management experts was set up to assess the applications received.
Institute of Directors (IOD) is an apex organization of company directors in India, is committed to upgrading the professional competence of its directors and enhancing the competitiveness of Indian business. It provides the most powerful platform to network Company Directors with movers and shakers of India.
IOD is headed by Justice M N Venkatchaliah , Former Chief Justice of India and it has two special wings i.e Centre for Social Responsibility headed by Justice P N Bhagwati and Centre for Corporate Governance headed by Justice A M Ahmadi ,Former Chief Justices of India. IOD has a strong membership base of 1500 Institutional and 16000 Individual members.
About MARG Group:
MARG Limited (BSE: 530543), incorporated in 1994 and headquartered in Chennai, is an infrastructure major with presence across the value chain. The Company is listed on the Bombay Stock Exchange and its shares are traded on the NSE under the category of 'Permitted Security'.
With over two decades of reassuring presence and the credit of pioneering the development of economic growth centers, MARG's portfolio spans across the entire infrastructure value chain - urban and industrial infrastructure, urban residential clusters, marine infrastructure & services, malls and EPC division. Listed by Dun & Bradstreet among "India's Top 500 Companies 2010", today MARG Group has projects worth more than Rs. 3000 crores under execution, a seasoned human capital of more than 1100, global partners in the Infra space and offices spread across India, Singapore and China.
More information on MARG is available on http://www.marggroup.com
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