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About Us

The environment and the economy are really two sides of the same coin. -Wangari Maathai

Do you consciously think about social impact?
If you’re reading this, you probably are. And like you, we do too. A brief introduction is therefore par for the course.

We started small, with a proof of concept for a financial inclusion programme in Assam and Rajasthan (a few years before the enactment of Section 135 of the Companies Act). As we tested the waters, got involved at the grassroots, and undertook extensive field work, we improvised our maiden programme - Mein Pragati - to reach out to excluded communities. What emerged was the realization that social impact requires tremendous investments of time, effort and understanding, so that we as service providers customise solutions allowing beneficiaries to move onward with dignity and confidence to improve the quality of their lives. Getting over stereotypical mindsets of rural women as the only potential target group was just the beginning. Suffice to say, our journey into the depths of community outreach has been exciting.

CRISIL Foundation, as it stands today, is a public charitable trust. Set up in March 2013, we are CRISIL’s corporate social responsibility (CSR) arm, reaching out to socially and economically disadvantaged communities within and beyond our areas of operations.

Mission

Mission

Empowering people to make informed
financial choices

vision

Vision

Build awareness and capacities of the
financially excluded in India

vision

Value Proposition

Share knowledge and insights backed by data, leveraged by analytical rigour,
credibility and experience

Shape thoughts, influence policy, set benchmarks to drive strong
social impact

Leverage multiple platforms to drive experiential learning, and therefore,
behavioural change as an outcome

Our Programmes

Meet the Team

Mr. Ramraj Pai

Mr. Ramraj Pai

President
CRISIL Foundation
Ms. Maya-Vengurlekar

Ms. Maya-Vengurlekar

COO
CRISIL Foundation
Amita-Abhichandani

Ms Amita Abichandani

Associate Director
Content Development
Tania Pal

Ms. Tania Pal

Associate Director
Strategic partnerships
Aashish Jha

Ashish Jha

Associate Director
Community Radio and
financial inclusion for
marginalised farmers
Abhishek Choudhury

Abhishek Chaudhary

Lead Consultant
Rural financial inclusion
programmes
Mayuri Kakoti

Mayuri Kakoti

Programme Manager
Financial Inclusion
Assam
Abhishek Nilkanthan

Abhishek Neelkanthan

Consultant
Financial Inclusion
Rajasthan
Shakti Bhise

Shakti Bhise

Consultant
Pilot projects

Siddhartha Iyer

Programme Manager
Voluntary projects
Sunil Kumar

Sunil Kumar

Manager
Programme Monitoring
Karina Monteiro

Karina Monteiro

Manager
Communications
Sheetal Shelke

Sheetal Shelke

Web Publisher
Mayuri More

Mayuri More

Executive
Finance and Administration

In the Media

March 22, 2018

CSR spending of Indian companies up by 14% in last 2 fiscals: Business Standard

CSR spending of Indian companies up by 14% in last 2 fiscals: ReportIndian corporates have upped their corporate social responsibility (CSR) spending, which has seen a 14 per cent rise over the last two fiscals, despite a moderate growth in net profits, says a survey.
March 22, 2018

CSR spending of Indian companies up by 14% in last 2 fiscals: The Smart Investor - Business Standard

CSR spending of Indian companies up by 14% in last 2 fiscals: ReportIndian corporates have upped their corporate social responsibility (CSR) spending, which has seen a 14 per cent rise over the last two fiscals, despite a moderate growth in net profits, says a survey.
March 22, 2018

CSR spending of Indian companies rises by 14 percent in two fiscals: The New Indian Express

Indian corporates have upped their corporate social responsibility (CSR) spending, which has seen a 14 percent rise over the last two fiscals, despite a moderate growth in net profits, says a survey.
March 22, 2018

CSR spending of Indian companies rises by 14 per cent in two fiscals: The Financial Express

Indian corporates have upped their corporate social responsibility (CSR) spending, which has seen a 14 per cent rise over the last two fiscals, despite a moderate growth in net profits, says a survey.
March 22, 2018

CSR spending of Indian cos rises by 14% in 2 fiscals: Moneycontrol

Indian corporates have upped their corporate social responsibility (CSR) spending, which has seen a 14 per cent rise over the last two fiscals, despite a moderate growth in net profits, says a survey.
March 22, 2018

CSR spending of Indian companies rises by 14% in 2 fiscals: The Economic Times - Indiatimes

Indian corporates have upped their corporate social responsibility (CSR) spending, which has seen a 14 per cent rise over the last two fiscals, despite a moderate growth in net profits, says a survey.
March 22, 2018

CSR spending of Indian cos rises by 14% in 2 fiscals: OutlookIndia

Indian corporates have upped their corporate social responsibility (CSR) spending, which has seen a 14 per cent rise over the last two fiscals, despite a moderate growth in net profits, says a survey.
April 12, 2017

Results-based management for CSR is important

Since the inception of CSR rules in 2014, CSR programming has received impetus from national and regional stakeholders striving to make a mark in the social sector space in India, in terms of spend, outreach and impact.
September 12, 2016

Financial inclusions: Of opt-out options, RBI dictats, and banks’ ownfoot-dragging

A policy cornerstone of every government in modern India, financial inclusion is the delivery of financial services in the ruraI areas and to the poor and marginalised sections at affordable costs – in other words, segments that banks would not normally serve had it not been for external regulations.
February 05, 2016

Most companies from Tamil Nadu, Haryana and West Bengal spend actively on CSR

About 62% companies based in Tamil Nadu and Haryana proved to be socially responsible by spending atleast 2% of their profits on Corporate Social Responsibility (CSR).
January 21, 2016

Smaller Listed Firms Spent More On CSR Than Biggies, Average Spending At 1.35%

CRISIL Foundation: Total spending at Rs 6,800 crore in fiscal 2015 instead of Rs 12,000 crore
September 01, 2015

Treat CSR benefactors as customers

CRISIL Foundation president Ramraj Pai feels extension of the client-comes-first principle will enable corporates to deliver solutions and services with greater efficiency
May 07, 2018

Corporate altruism can do better: Business Standard

Four years since spending on corporate social responsibility (CSR) became obligatory, it’s heartening to see the altruistic spirit gaining traction.

How CSR is reported is critical too

Ever so often, the true test of compliance boils down to how rather than how much was done.

March 22, 2018

More corporates outsourcing CSR spending to NGOs

Over the past two fiscals, the amount spent on corporate social responsibility (CSR) has surged at a compound annual growth rate of 14%, despite a lukewarm 5% growth in net profit, an analysis of 1,186 eligible and listed companies by CRISIL Foundation shows.
January 30, 2017

India Inc’s CSR spending rises 22%, bulk of it on education, health

CRISIL Foundation’s analysis of India Inc’s CSR activity last fiscal shows overall spending increased a significant 22%, with bulk of the money going into education, skills development, healthcare and sanitation initiatives.
January 20, 2016

Smaller listed firms spent more on CSR than biggies

Corporate social responsibility, or CSR, spending has been the topic of many a public discussion after being made obligatory under Schedule VII of the new Companies’ Act, 2013.