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May 5, 2025
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ICICI Bank commits Rs. 10 crore to the Indian Armed Forces

ICICI Bank, India’s largest private sector bank by consolidated assets, recently committed a financial assistance of Rs. 10 crore to the Indian Armed Forces. The contribution, payable in two equal tranches this year and next year, will be utilised towards welfare activities and betterment of the families of ex-servicemen who have lost their lives guarding the nation. Chanda Kochhar, MD & CEO, ICICI Bank handed over a cheque of Rs. 5 crore to Minister of Defence, Nirmala Sitharaman at a function in the Raksha Mantralaya.

Speaking on the occasion,  Chanda Kochhar, MD & CEO, ICICI Bank, said, “Our Indian Armed Forces bravely guard our borders and protect us. Many of these men have valiantly fought and made the ultimate sacrifice of laying down their lives for our country. While no amount of assistance is enough to fill the loss for the families, this gesture is our humble endeavor to contribute towards their betterment.

Through the various skilling initiatives which have been undertaken by ICICI Bank in the past, we have seen that the maximum impact on an individual’s life can be made by equipping him or her with skills and knowledge which enables him or her to participate in the economic opportunities in the country. Our assistance will aid the young children and widows of the soldiers to get an education thereby enabling them to gain knowledge, get a job and earn a sustainable livelihood. This is our small contribution to these daughters of the nation and our thoughts and best wishes will always remain with the families”.

This fund will be used for two programmes to support the daughters of the armed forces. The first will be towards the post-graduation education of the widows of ex-servicemen and also to support education for their wards. The second scheme will be to provide financial assistance towards marriages of the daughters of the ex-servicemen. This donation is aligned to the commitment of nation building through various initiatives that promote inclusive and sustainable growth.

The Kendriya Sainik Board, an apex body of the Government of India, which formulates policies for resettlement and welfare of ex-servicemen and their dependents, will undertake the administration of the programme. This body will be responsible for the allocation of funds, identification of the recipients and overall functioning of the programme.

ICICI Bank works to mainly promote inclusive growth, which has been a priority area for the bank from both social and business perspectives. Focusing on education, employment and enhancing vocation skills especially among women thereby empowering them to lead better economically independent lives.

 

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Government To Launch 25 Projects For Mental Health Care

The government had worked on healthcare projects for mental wellbeing of the citizens, along with Indian Council of Medical Research and the World Health Organisation in 2016. Many of these might come to fruition before the end of this year. 25 projects, by researchers from across the country, on suicide prevention, alcohol abuse, depression during pregnancy, training community-level workers were among those talked about in May of 2016.

On October 10, World Mental Health Day was celebrated globally, with an aim to fight the stigma around mental illnesses. First initiated in 1992 by the World Federation for Mental Health, it is observed every year to make a more supportive environment for mental health patients.The Day provided an opportunity for all stakeholders working on mental health issues to talk about their work, and what more needs to be done to make mental health care a reality for people worldwide. According to WHO, one in four adults and one in ten children are likely to have a mental health problem in any given year. If so many people are affected by it, why is it still one of the most spreading problem?

As has been since time immemorial, the issues of the brain have come with an awkward stare from the society. This leads to the patients not revealing their problems out in public, even to their families and friends. Because of this, the treatment is delayed, even absent in some cases, making the problem worse. According to the latest World Health Organisation report on depression, almost 7.5% of Indians suffer from major or minor mental disorders that require expert intervention. This is a serious problem faced especially by the adolescents and working class of the country. It is important to address it now, to break the stigma and bring out conversation about the mental health problems.

According to an Economic Times report, India’s top 200 companies spend around Rs 1369 crores on healthcare and wellness. About 24% of the total spend on CSR is focused on healthcare, but most of the funds are directed towards health camps, new hospitals or donating to existing government or private hospitals. A handful of companies like Bosch and Bayer India invest in mental health projects. These new 25 projects that the government is set to launch will be a good opportunity for corporates to venture into mental health awareness and cure.
Views of the author are personal and do not necessarily represent the website’s views.

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Building Communities, Building Nations

Imagine the generic scenario of a farmer in a rustic corner of India. He lives on a small farm in a remote tribal village, has received minimal education, and has no capital except his land, no resources and security, whatsoever. He feels all alone.

But so does his neighbour. And all the other million farmers in the subcontinent.

Whom do they go to, when in time of need?

Why not each other?!

When we become part of each other’s narratives, we not only offer possibility for alternate (mutually enriching) interpretations, our new shared story becomes a way to negotiate future challenges and crises while building real communities.

-Sherry Mead, Crises and Connection (2011)

 

In his article titled ‘The Power of Peer Networks’, Jab Dasteel states that young professionals who ignore their peer network groups… are doing so at their own risk! And true enough, for those of us in the corporate world, we are ever dependent on peer support for learning and problem solving; and more so for growth in our professions. The same goes for those of us in blue collar jobs, where unions and collectives form the basis of job security and bargaining power.

While most Corporates invest strongly in development organisations which create human, natural, physical and economic capital for communities, very few  invest in the creation of the final link in the livelihood pentagon—the social capital. ‘Social Capital means the networks of relationships among people who live and work in a particular society, enabling that society to function effectively.’ But how should these be created?

So, for the farmer we spoke about, at the beginning of our story, the network of his fellow farmers is the Social Capital that will sail him through the times of need. Unfortunately, unlike the Medical Association or the Association of Engineers, there exists no association of impoverished farmers who meet in quarterly and annual conferences to discuss their first hand learnings and have themselves updated to latest findings in their sector.

CSR teams and Corporate Foundations have a ready advantage to urge their implementing partners to organise their beneficiaries in agricultural, health, education, gender empowerment programmes in networking groups, for mutual support and learning.  The beneficiary remains the most important element at the core of this Group Based Beneficiary Centric Approach. We have already been doing it with formation of Self Help Groups, helping impoverished women access economic capital. It is additionally important to measure the Social Capital that they have gained as a result. A recent article in VillageSquare speaks about how members of self-help groups in the Gir region of Gujarat are going beyond microfinance and income-generation activities to fight against social taboos attached to widows and help them lead a better life. The SHGs are now a Social Capital for their members, and their livelihood pentagon is finally complete.

Organisations working with farmers for improving agricultural practices, often organise them in groups, which creates an easier learning environment, effective problem solving, helps in procurement of seeds and fertilizers, and gains them a better deal for the produce. Further to this, it has been observed that farmers lend money internally within their groups, especially in seasons of procurement, so that no member is left behind in the toil of the oncoming agricultural cycle. Often farmer sense courage in times of adversity, knowing that they are not alone in their struggle, and that whatever has to be endured, will be endured by the group as a whole.

When it comes to programs related to community health, sanitation or water management, creation of village level groups has instilled a great sense of ownership and responsibility among people towards their common property resources. Often communities contribute through labour and meagre capital in maintenance of cleanliness, sanitation structures or even drinking and irrigation water supply structures. It is through this feeling of shared ownership, the long process of democratisation reaches our communities.

With the new CSR mandate Corporates are keen on fulfilment of their social responsibility. As they mature with time, they will understand that there is a larger project of nation building awaiting their help. Marginalised communities will have to be empowered with this Social Capital, to feel included as a part of this nation. This is an unexplored opportunity for the Corporates to invest in.

Pearl Tiwari, Director & Chief Executive, Ambuja Cement Foundation

Pearl Tiwari is the Director of Ambuja Cement Foundation, the CSR wing of Ambuja Cements Limited. In a professional career spanning over 30 years, Pearl has been associated with the not-for-profit, educational and corporate sectors. Pearl joined Ambuja in 2000 and ever since has been at the helm of nurturing the Ambuja Cement Foundation that has expanded from a fledging team to nearly 400 development professionals, with a pan-India presence active in 21 locations across 11 states.

Views of the author are personal and do not necessarily represent the website’s views.

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Episode 13 – Safar Kamyabi Ka | The Life Journey of Mahesh Khuspe, Kota Academy

In Episode 13 of Safar Kamyabi Ka Season 1, we look back at the story of Mahesh Khuspe, Director, Kota Academy, Karad.

Safar Kamyabi Ka is an ode to felicitate and give recognition to the endless efforts and unmatched spirits of enterprising men and women who have left no stones unturned to achieve enviable success. The show explores various stories of individuals and their professional journeys of success.

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160 Companies to Face Penal Action For CSR Violations

Penal action will be initiated against 160 firms for failing to comply with CSR norms under the companies law, according to Union minister P P Chaudhary.

The minister of state for corporate affairs also asserted that the government does not interfere with regard to allocation of CSR funds by firms while compliance is monitored by way of mandatory disclosure requirements under the Companies Act, 2013.

Under the Act, a certain class of profitable entities is required to shell out at least 2 percent of their three-year annual average net profit towards Corporate Social Responsibility (CSR) activities. In case of not spending the requisite amount, the firms concerned have to provide reasons for the same.

The corporate affairs ministry, which is keeping a close tab on companies’ compliance with the CSR provisions, had served show-cause notices to 1,018 defaulting entities. After receiving reports from the Regional Directors (RDs) and Registrar of Companies (RoCs), the ministry has now decided to initiate penal action against many entities.

“The ministry has accorded permission for initiating penal action under Section 134(8) of the Act for non-compliance… against 160 companies,” Chaudhary told PTI in an interview.
The action is being taken for failing to comply with provisions of Section 135 – which pertains to CSR.

Among others, Section 134(8) provides for imposing a minimum fine of Rs 50,000 and the amount may go up to Rs 25 lakh for certain violations.

The penal action is being initiated with respect to non-compliance during the 2014-15 financial year. As per data provided by the ministry earlier this year, as many as 12,431 companies had spent Rs 18,625 crore towards CSR activities during 2014-15 and 2015-16. Out of the total, 7,334 firms had shelled out Rs 8,803 crore in 2014-15.

According to Chaudhary, as far as spending the CSR amount is concerned, it is for the companies to decide.

“Earmarking of CSR funds of companies for any particular activity/ activities is beyond the purview of the Companies Act, 2013,” and the boards of respective companies have been empowered under the law to make decisions with respect to the allocation of such funds, the minister said.

(News18)

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Top Kamarajar Port officials booked for misappropriation of CSR funds

Senior officials of Kamarajar Port Limited, a major State-run port, have been booked on charges of misappropriating funds allocated to Corporate Social Responsibility (CSR) activities based on a complaint filed by a fishermen welfare activist.

The FIR registered by Kattur police on October 3 names eight senior port officials,  including MA Baskarachar, Chairman-cum-Managing Director and P Radhakrishnan, General manager (operations).

The complainant MR Thiyagarajan, president of Meenava Thanthai Nala Sangam, has based his allegation on an RTI reply given by the port official, claiming that `30 lakh was spent for constructing a community hall at Kattur colony in Tiruvallur district as part of CSR activities in the financial year 2015-16.

However,  no such project was executed in reality. During the year, the port claimed to have executed 84 CSR projects at a cost of  Rs 7.30 crore.

However, when contacted by Express, port officials denied the charges of misappropriation of funds and said the construction of the hall was merely delayed due to procedural issues.

The complainant Thiyagarajan alleged that many of the CSR projects claimed by the port are bogus.

“I have evidence to show that projects executed by Kamarajar Port over the years worth over Rs 25 crore using CSR funds are fraudulent and exist only on paper. I will be filing separate complaints in the respective police stations. This is a big scam. Already, the port is causing irreparable damage to the local ecosystem by dumping dredge soil in mudflats, saltpans and destroying mangroves. This is snatching away the livelihood of fisherfolk.

Now, CSR funds meant for the betterment of the local community is also being misappropriated,” Thiyagarajan alleged and said Kattur community hall project is a classic example where even foundation stone was not laid, but records show the work has been carried out.

The FIR was filed after a judicial magistrate court at Ponneri ordered it based on Thiyagarajan’s private complaint.

The FIR has been filed for alleged offences under section 406 (criminal breach of trust), 420 (cheating) and 468 (forgery) IPC against port officials Baskarachar, Radhakrishnan, Captain AK Gupta, pilot captains  Daniel Devaprakash, pilot captain Karunanidhi; VG Saravanan Kumar, manager- environment; Vijayan, assistant manager and Vijayalakshmi, public information officer.

The police conducted the preliminary investigation and reportedly issued summons to all the eight officials named in the FIR.

Speaking to Express, Radhakrishnan denied the allegations. “There is no misappropriation of funds. As per the CSR procedures, welfare programmes and development works to be undertaken in the neighbouring villages of Kamarajar Port are identified through baseline survey by independent third party consultant. Some of the projects are executed by the port itself and others are carried out by Tiruvallur district administration. In the present case, the estimate for the community hall in Kattur was prepared by the district Collector of Tiruvallur and necessary funds were contributed for execution of the work to the district administration.

There may be a delay in execution of the project due to a problem in tendering,” he said and showed an internal note claiming to be the RTI reply sent to complainant clarifying the issue. He also said that he was yet to receive the police summons.

Interestingly, the internal note and the actual RTI reply received by the complainant from public information officer on the officialletterheadd of the Kamarajar Port are completely different both in format and the content. The actual reply doesn’t carry a mention that the funds were given to Tiruvallur district administration.

(The New Indian Express)
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A Winning Culture Paves Path For Achieving Sustainability Goals

Companies increasingly believe sustainability is a strategic and integral part of their business goals, according to a global survey by McKinsey. However, challenges in executing sustainability initiatives are reported as the number one problem businesses face when trying to achieve climate targets. So the question really is – “How can companies in India improve on the execution to realize the benefits of sustainability initiatives?”

The first step is to Set and communicate clear GHG and energy reduction targets. To create a corporate culture focused on sustainability, an organization must start with setting and be communicating clear GHG targets and goals to every employee – from the office workers to the sales team to the product engineers and designers to those on the manufacturing floor. Communicating sustainability goals across all levels of an organization ensure that the reduction of GHGs, a smaller carbon footprint, lower energy demands or any other sustainability goal is a continuous and measured priority across the company. While this process may work differently at every organization, one key element every company should incorporate is buy-in from the top. The tone of sustainability needs to be set from the business leaders and discussed in all key operating reviews and employee communications; in doing so, executives lead by example.

Secondly, it is important to inculcate, recognise and credit a winning culture. Creating a winning culture allows you to develop channels to tap into your employee base for ideas which foster creativity and high levels of ownership regarding sustainability. Creating a collaborative atmosphere throughout your business makes it easier for sustainability to become central to how all employees approach their jobs. And, ultimately, reaching the climate goals set forth is more achievable.

The third step is to empower employees to think with the right mindset. After you communicate your goals across all levels of the organization, these sustainability goals must be made personal. This allows employees to feel empowered to take action at a local level and the aggregate of these actions is impactful. By tapping into the company’s most powerful resource, its employees, companies foster creativity, innovation and high levels of ownership, putting sustainability at the heart of how employees do their jobs. A good way of doing this is by forming “Green Teams” that will encourage employees to develop and execute ideas for environmental sustainability, whether it is recycling, energy savings, water conservation, or something entirely unique to their region. To encourage others to learn/adopt similar practices let me share some of the work our ‘Green Teams’ have done. Our ‘Green team’ at one of our facilities took action to preserve the greenery and conserve water and have successfully built a process called, Groundwater Recharging that puts 4,500 kiloliters (about 1.2 million gallons) of rainwater back into the ground each year, offsetting 75 percent of the water the plant uses in its operations. The storm drain collects rainwater and filters it before returning it to the local groundwater supply. Through this, there has been a 43 percent reduction in water consumption by the plant.

Lastly, a corporate culture focused on sustainability constantly aggregates and recognizes progress and results. When employees see the net results of their accomplishments, they are often astounded at the individual impact they can have. It’s important for employees to understand that meeting sustainability goals doesn’t just help the company—it helps customers, communities and the world. But you can only recognize the goals and results that you measure.

One way to do this is to create a global system that tracks the actions taken against the sustainability goals and regularly recognize employees who go above and beyond in their sustainability efforts.

Creating a winning culture that drives sustainability isn’t something that happens overnight, but it is something that can be built over time, driven by an empowered employee base. Regardless of an organization’s specific sustainability goals or the methods used to meet them, ensuring your employees have direct input into these goals, understand them, feel empowered to help meet them, and are given recognition for their contributions will help ensure everyone works toward a better future, both globally and in our own communities.

Ingersol RandW. Scott Tew is the founder and leader of the Center for Energy Efficiency & Sustainability at Ingersoll Rand (CEES), which supports all of the company’s strategic brands – Club Car, Ingersoll Rand, Trane and Thermo King – and is responsible for forward-looking sustainability initiatives.

 

Views of the author are personal and do not necessarily represent the website’s views.

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Helping Corporates And Incubators Collaborate

Technology incubation and supporting startups come under the categories of the Companies Act, 2013, in which corporate houses can engage for their CSR projects. It is among the categories which are least invested in. The reason for this could be a communication gap between the two entities, such that corporates do not know about incubators and their projects. For this, Samhita Social Ventures and Villgro with support from GIZ (Deutsche Gesellschaft für Internationale Zusammenarbeit) have launched Incubator Marketplace, an online portal, which will help companies and incubators identify and connect with each other.

It is a way of encouraging right collaborations between both the parties, to make the most productive outcomes. The Marketplace is housed on Samhita GoodCSR, a complete online solution for CSR practitioners, and features tools to find program partners and manage CSR programs, in addition to the Marketplace.

The goal of the marketplace is to create a sustainable model for corporates and incubators to recognise each other. It aims to provide a platform for the startups to scale the level of their ideas and implementation. The portal will make way for long-term partnerships facilitating an exchange of expertise and resources.  

In a panel discussion followed by the launch of this portal, Dr Meenu Bhambani, CSR Head at Mphasis, was quoted saying, “We took another look at our CSR strategy and decided that we want to help create solutions, using technology, that have scale, and are not limited to a certain geography or segment. We wanted them to be more strategic, more structured, and sustainable.”

The challenges faced by corporates in finding incubators and the right projects to fund contribute to this being the category least invested in. Many a time, regulatory norms of interested corporates or the incubator restrict their scope for working together. Despite these challenges, corporates like Microsoft are majorly involved in the funding of startups and incubators as part of their CSR.

The launch of this online portal comes at a time when there is a need for the increase in economic growth through entrepreneurial progress in the country. The government’s agenda for poverty alleviation can be helped with this feat. Job creation and technological advancement are two of the strongest weapons to fight poverty in India. Even after the mounting GDP of the country since independence, poverty has persisted. The solutions for it can grow only through the involvement of private sector with the government initiatives. This collaboration could help bring out real-life solutions to problems faced by all.

Thank you for reading the story until the very end. We appreciate the time you have given us. In addition, your thoughts and inputs will genuinely make a difference to us. Please do drop in a line and help us do better.

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The Urgent Need For Recycling Used Batteries

Major retailers such as Asda, B&Q, Currys PC World, Marks & Spencer and Morrisons are campaigning to spread awareness among people to recycle dead batteries. Through this drive, they are encouraging people to recycle all the used cells, which most people admittedly throw in their dustbin. These batteries end up in a garbage landfill, and that is not the ideal way to dispose of them. They contain lead, cadmium, acid, mercury and other substances harmful to the soil and the groundwater. The consumption of this water and the crops that grow on such soil are very dangerous, leading to the development of fatal diseases in human bodies.

The batteries most in use are lead, alkaline, nickel cadmium etc. Not only does recycling prevent environmental degradation, the raw material of the batteries can be reused to make new ones. This helps in preserving of resources.

In India, the central pollution control board (CPCB) had asked lead-acid battery manufacturers to set up collection points, individually or jointly, for used batteries from consumers or dealers. Companies like Exide India have set up recycling centers for the batteries that they sell. According to the report Lead Acid Battery Recycling In India, by Sandhya Prajapati, batteries are collected locally and sent to official regional recyclers, but in reality they were routinely broken apart on the street, the acid poured away and the lead extracted for onward sale to unregistered recycling units, because of the cheap labor availability and its standard is low in India.

Lead poisoning is a growing concern worldwide and affects young children the most. WHO had warned countries against the exposure of lead to citizens, especially through their diet. Its consumption leads to mental and physical disabilities.

This campaign regarding recycling of batteries is more of a call to action to the citizens. Batteries that are used every day in our homes are thrown in the dustbins, or stacked up in our houses. Both of these ways are very dangerous. Collected dead batteries can cause damage to young children.

This campaign must have an impact on the current method of treatment of dead batteries. After awareness, the next step is to make the means available to people. Apart from the big recycling plants, there must be a separate disposal system of radioactive substances like dead batteries, inverter batteries etc. It is important for these services to be accessible to people. Like the municipal corporation has separate dry and wet waste processing, while the collection of garbage from houses, there should be collection of dead batteries and chemicals. This movement needs to begin from home.

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Climate Change And Business

In the latter half of the 19th century, long before the current uproar about climate change started, Guy Callendar, a British engineer, used 147 weather records from all over the world and articulated the “Callendar Effect”. This effect was about rising temperatures over the previous century and found a correlation with rising atmospheric CO2 concentration in the same period.

Although this theory was disregarded by meteorologists of the time, talks of human activities exacerbating the greenhouse gas effect were already happening as early as the later part of the 19th century. We are now in the 21st century and none the wiser.

Climate change is a very visible global problem now and its effects are affecting everybody. From the monstrous hurricanes Harvey, Irma and Maria in the Atlantic region to the simultaneous twin scourges of drought and flood in India and the recent disappearance of Parali I, an uninhabited island in the Lakshadweep archipelago, climate change is sparing nobody.

Climate change is now understood and accepted by most as can be seen in the path-breaking study called “Climate Optimist” by Futerra. The study explores how people between the ages 16 and 64 regard climate change.[1] However only a handful of individuals and organizations seem to be taking serious action.

The “Climatic Change” magazine of January 2014 citing a report[2] said that 90 large corporations contribute two-thirds of the world’s emissions leading to higher CO2 in the air. When it comes to water, the UN Environment Program (UNEP) estimates that climate change will increase the cost of damage to the ocean alone by an additional $322 billion annually by 2050 if no mitigation measures are taken. At the same time a report titled “Better Business Better World” indicates that the UN Sustainable Development Goals present a $12 trillion business opportunity in four key economic areas, energy, cities, food & agriculture and health & well-being, to solve the core issues of mankind by 2030. It is clear that business has a significant role both in the creation and the solution of the problem called climate change.

The root cause of increased emissions and hence the acceleration in climate change in recent times is the carbon-intensive lifestyle of human beings. The road to redemption lies in adopting a low carbon lifestyle path and this can only happen through technology, innovation and sustainable business models. It will also require behavior change but behavior change is best enabled by new effective, accessible and affordable technology.

We all know that emissions from transportation can be sharply reduced by electric mobility. That shift will truly happen when desirable and affordable electric mobility options emerge. Just as the shift to energy efficient lighting such as LED lights got sparked only after the technology became affordable and accessible. Renewable energy generation capacity has seen a sharp uptick as the cost of renewable energy has plummeted. Going forward the use of recycled materials, green buildings, micro-irrigation, augmented reality, 3D printing will all help reduce the carbon footprint of mankind and enable the fight to remain within the limit of 20 temperature rise. Business needs to innovate and ways to make these technologies an effective, affordable reality.

Use of CSR funds to address issues reflected in the Sustainable Development Goals will add to the impact of viable business models in the climate change space. Programs such as integrated watershed development can help mitigate the effect of changes in precipitation patterns, enabling municipal zero waste to landfill programs can rid cities of the scourge of garbage and afforestation programs can help reduce air pollution. The set of sustainable business models for green businesses and impactful CSR can be a winning combination.

The sunrise businesses of the future are most likely to be those that solve problems related to climate change. As these businesses grow and the solutions become ubiquitous in our communities we should see mitigation in the causes and effects of climate change.

Anirban Ghosh, Chief Sustainanibility Officer, Mahindra and MahindraAnirban Ghosh is the Chief Sustainability Officer at the Mahindra Group. He has been working with Group in Sales, Marketing, and Strategy since 1999 and has been recognized as a distinguished CSO in his current role. A gold medal-winning engineer from Jadavpur University, Calcutta, Ghosh has pursued doctoral studies in Marketing Management at IIM Ahmedabad. He enjoys music, reading, traveling, driving, cricket and tennis. He is an active public speaker and has represented the nation at the Festival of India across multiple nations.

Views of the author are personal and do not necessarily represent the website’s views.

 

Thank you for reading the story until the very end. We appreciate the time you have given us. In addition, your thoughts and inputs will genuinely make a difference to us. Please do drop in a line and help us do better.

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