Thermax believes that corporate organisations should think beyond profit and reach out for the wellbeing of the larger society. Guided by the vision of its founder Chairman Rohinton Aga - 'profit is not just a set of figure but of values' - over the years, Thermax has worked on a modest CSR agenda to fulfill its obligations to its wider circle of stakeholders including the communities in which it operates.
The CSR programme of the company got a formal structure and a governing body when the Thermax Social Initiative Foundation (TSIF) was formed in March, 2007 as a not-for-profit body registered under Section 25 of the Companies Act. Convinced that education can be the best enabler to come up in life, the Foundation has decided to primarily focus on initiatives in this crucial area.
Thermax, as a part of its social obligation, is committed to:
- Provide quality education to the underprivileged children.
- Create an environment that respects the communities and the natural environment.
- As a signatory to CII’s initiative on affirmative action, work to achieve the defined objectives.
- Involve and encourage employees and their families to participate in the various social initiatives of the company.
Says Anu Aga, Director and former Chairperson, “I would like our company to play a bigger role in community affairs with complete adherence to the tenets of good corporate governance. We will actively commit ourselves to initiatives that can help improve the quality of life of the communities in which we live and work.”