HCL Foundation Grants ₹24 Crore to NGOs for 11th Edition of HCLTech Grant
HCLFoundation announced winners for the 11th HCLTech Grant, awarding ₹24 crore to NGOs. Four NGOs will receive ₹5 crore each for projects in water, biodiversity, healthcare, and education. Eight other NGOs will receive ₹50 lakh each. This initiative supports transformative projects and has impacted over 2.2 million lives in the past decade.
While the initiative is positive, it is a CSR activity and does not directly impact the core financial performance or business operations of HCL Technologies Limited in the short term. It contributes to brand reputation and stakeholder relations.
The announcement details a significant CSR initiative by HCLFoundation, distributing substantial funds to NGOs for impactful social and environmental projects. This reflects positively on the company's commitment to social responsibility.
HCLFoundation, the corporate social responsibility arm of HCLTech in India, has announced the winners of the 11th edition of the HCLTech Grant. This year, a total of ₹24 crore (approximately $2.6 million, with 1 INR = 93 USD) will be disbursed to support innovative projects across the themes of Water, Biodiversity, Healthcare, and Education.
Four NGOs have been selected to receive ₹5 crore each. Gramin Vikas Vigyan Samiti (GRAVIS) from Rajasthan will focus on water harvesting in the Thar desert. Live Foundation from Jharkhand will work on biodiversity conservation. Goodwill Foundation from Mizoram aims to improve healthcare access, and Mahila Jan Adhikar Samiti from Rajasthan will promote gender equality through education.
Additionally, eight NGOs will each receive ₹50 lakh for their projects in the Water, Biodiversity, Health, and Education categories. These include organizations like Leh Nutrition Project and Watershed Organisation Trust for Water, Regional Centre for Development Cooperation and South Asian Forum for Environment (SAFE) for Biodiversity, EKJUT and Utkarsh Welfare Foundation for Health, and Shri Bhuvneshwari Mahila Ashram and Youth Council for Development Alternatives for Education.
Dr. Nidhi Pundhir, Director, HCLFoundation, stated that the HCLTech Grant has been a catalyst for change, empowering NGOs to innovate and scale their efforts to address complex social and environmental issues. The selection process involved a distinguished jury, including Roshni Nadar Malhotra, Chairperson of HCLTech. Over the past decade, HCLTech Grant-supported projects have positively impacted over 2.2 million lives, rejuvenating land, and reducing CO2 emissions.
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