Investor Presentaiton
5.
9 trainees represented various franchisees in the Indian Premier League in 2021 viz. Mr. K M Asif, Mr. Avesh Khan, Mr. Chetan Sakariya, Mr. Kaleel
Ahmed, Mr. Prasidh Krishna, Mr. Akash Singh, Mr. Sandeep Warrier, Mr. Basil Thampi and Mr. Kamalesh Nagarkoti.
Driver Development: Having understood the risk of road driving and encouraging safe driving for commercial vehicles, MRF Ltd. started an institute MRF
Institute of Driver Development ("MIDD") in 1988. The objective was to improve the driving skills especially of commercial vehicle drivers. They lacked
basic awareness and etiquettes for safe driving despite having better road conditions and sophisticated vehicles.
From the beginning of 2020-21, MIDD could not conduct the regular courses due to lockdowns and Covid restrictions between March 2020 and October
2020. The new governmental regulations restricted the intake of students per course as all driving schools had to implement social distancing norms due
to Covid.
During 2020-21, 9 courses were conducted and 69 trainees were imparted training. The trainees benefited in terms of improved driving skills and
personal etiquette. The trainees displayed higher levels of confidence after the training. Their chances of employability also improved significantly.
(a)
(b)
(c)
Average net profit of the company as per section 135(5): 1456,60,56,631
Two percent of average net profit of the company as per section 135(5): 29,13,21,133
Surplus arising out of the CSR projects or programmes or activities of the previous financial years: Not Applicable
(d) Amount required to be set off for the financial year, if any: Not Applicable
(e)
Total CSR obligation for the financial year ((b)+(c)-(d)): 29,13,21,133
6.
(a)
Amount spent on CSR projects (both Ongoing project and other than ongoing project): 16,56,88,195
(b)
Amount spent in Administrative Overheads: 82,84,400
(c)
Amount spent on Impact Assessment, if applicable: 9,08,128
(d)
Total amount spent for the Financial Year ( (a) + (b) + (c) ): 17,48,80,723
(e)
CSR Amount spent or unspent for the Financial Year:
Total Amount Spent for
Amount Unspent
the Financial Year
Total Amount transferred to Unspent CSR
(in )
Account as per section 135(6)
Amount (in)
Date of transfer
(f)
17,48,80,723
Excess amount for set off, if any: NIL
11,64,40,410
25.04.2023
Name of the Fund
NIL
Amount transferred to any fund specified under Schedule VII as per
second proviso to section 135(5).
Amount
NA
Date of Transfer
NA
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