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Investing in Human Capital for a Better Tomorrow the Most Valuable “Of All Capital Is That Invested in Human Beings — Alfred” Marshall, Economist

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Investing in Human Capital for a Better Tomorrow the Most Valuable “Of All Capital Is That Invested in Human Beings — Alfred” Marshall, Economist Annual Report 2017-2018 Investing in Human Capital for a Better Tomorrow The most valuable “of all capital is that invested in human beings — Alfred” Marshall, Economist These words, published in the Principles of Economics by Alfred Marshall in 1890, still ring true, well over a century later. The true value of human capital must get recognized through the culture of a company. Without this ethos, a Company will not be able to fully achieve its Economic, Social and Governance goals. Larsen & Toubro Public Charitable Trust (LTPCT) was instituted in 2004 by our Group Chairman, Mr. A.M Naik, to create a positive impact in the lives of underprivileged sections of society. Over the last 15 years, the Trust has been successfully impacting lives on a sustainable basis through a variety Table of Contents of interventions, including investing in building human capital at the last mile. From the Group Chairman’s Desk 2 LTPCT believes that the greatest wisdom on building and LTPCT Board of Trustees 4 empowering communities comes directly from those who know it best: the dedicated leaders within the not-for-profit About Us 5 sector who implement programmes on the ground at the community level, and the front-line workers including Govt. employees at the block and village level, as well as teachers who Programme Focus work tirelessly to improve their quality of life. • Education that matters 9 • Skill-building that sustains 25 Since our inception, we have been seeking various ways to enhance • Health that strengthens 35 this impact by investing in human capital where it is needed most – at • Water & Sanitation that enriches lives 46 the community level. We inspire and assist frontline human resources to think critically about issues impacting the lives of the children and Partnering for Impact 55 other community members, the nuances of building convergence with Govt. programmes, and collaborating with various stakeholders to reach Financial Report 56 out to the last mile and deliver programmes effectively on the ground. LTPCT Annual Report 2018 | 01 We believe that local Government community at large. At Talasari in Powering progress bodies and stakeholders will play a rural Maharsahtra, our partnership through partnerships critical role in transforming Agenda with SAP India has seen a boom in Considering the Trust’s rather 2030 for Sustainable Development digital literacy levels, with digital limited resources, it has managed Goals from a global vision into a infrastructure being complemented to achieve an exponential impact local reality – as they understand by capacity building among the upon the communities in which individual and collective needs local youth and teachers – acting as it operates. The credit for this and capacities best. Moreover, a force multiplier within the also goes to a wide range of our association with the UNDP community. partners including UNDP, UNICEF, and UNICEF will help bring all NSDC, NASSCOM, Government stakeholders on to a single Celebrating 15 years of bodies and other Corporates, platform, enabling convergence of community building for their unstinting support and our programme efforts for greater I am happy to say that LTPCT, now collaborative efforts towards impact. in its 15th year of operations, is still capacity building at the grassroot young at heart. The Trust, fired level. Health and digital literacy – with the same zeal and passion I would like to thank all our stepping stones to progress it displayed during its inception, partners and my fellow L&T-ites A healthy body forms the is expanding the reach of its for their continued faith and foundation for a healthy mind. programmes and focussing on support in the Trust and look This year, we have invested in making the existing ones more forward to another year of helping strengthening both, albeit in self-sustaining. The thrust on India unlock its true potential, different locations. In Powai, investing in human capital at the through consistent community Mumbai, we have set up a new last mile therefore plays an integral development. healthcare facility, making world- role in the sustainability of LTPCT’s class, basic healthcare available programmes in the long run. A. M. Naik | Group Chairman, L&T From the Group Chairman’s Desk and affordable to the local Dear Friends, Capacity building health care providers, teachers and at the last mile other service providers, who are the It is with great pleasure that We partner and inspire a wide pillars of social change. I present the Annual Report of the range of community influencers, Larsen & Toubro Public Charitable from leaders to frontline service Localising Sustainable Trust (LTPCT) for the Financial Year providers, to help enhance the Development Goals for 2017-2018. As each year goes effectiveness of our programmes. greater impact by, I have watched LTPCT go from The biggest challenge our partners This year, we have also focussed strength to strength, and it is truly face in fulfilling the LTPCT mandate on localising our Sustainable heartening to see its activities is the issue of capacity building and Development Goal (SDGs) impacting the most disadvantaged strengthening their organizational deliverables through our communities at the last mile. The effectiveness. programme interventions, and have Trust has always focused on its I have often seen not-for-profit partnered with the United Nations guiding principles of enhancing organisations focussing on Development Programme (UNDP) programme quality, coupled with program implementation, without to steer the initiative. Localizing strengthening, monitoring and investing in their organizations and the SDGs means more than just review. This includes result-based initiatives aimed to maximize their ‘landing’ internationally-agreed programming and promoting sustainability. Keeping this in mind, goals at the local level. It involves partnerships by collaborating with we have taken a conscious decision actualising the aspirations of the other donors; the Government, to focus on building the capacity SDGs for communities, households international and bilateral agencies, of our NGO partners, frontline and individuals – particularly those and the not-for-profit sector. who are at risk of falling behind. 02 | LTPCT Annual Report 2018 LTPCT Annual Report 2018 | 03 LTPCT Board of Trustees ABOUT US Larsen & Toubro Limited companies, in the areas of engineering, (‘Larsen & Toubro’ or ‘L&T’) architecture, construction, IT or medical is a multi-billion dollar services. This expertise, available in-house would otherwise be sought from third parties. technology, engineering, In 2011, LTPCT identified education, health, construction, manufacturing skilling and water as the areas for intervention and financial services with education being the entry point to bring Mr. A. M. Naik conglomerate. Its global about change. Group Chairman, L&T operations extend across India, GCC, South East Asia The scalability of the programme and the and UK. L&T boasts of a partnerships with NGO partners, local supply-chain spanning five Panchayati Raj institutions, community members, other Corporates and the continents. Headquartered Government machinery at every level in Mumbai, L&T is one of have allowed LTPCT to expand on-ground the largest and most Mr. R. Shankar Raman Mr. Y. M. Deosthalee operations to 33 projects across 72 locations Whole-time Director Former CMD respected companies in in seven states and impact more than 7 lakh and Chief Financial Officer, L&T L&T Finance Holdings Ltd. India’s private sector. people’s lives. Continuously evolving, LTPCT is now focused on impact, process efficiency Larsen & Toubro Public Charitable Trust and results. (LTPCT) was established in 2004 to undertake philanthropy-based programmes The first Comprehensive Community with contributions from employees and the Development Programme is being executed Company, with the single-point objective of at Talasari, a tribal block in Maharashtra, where the Trust’s intervention in education, Mr. Gautam Kar Dr. K. J. Kamat Mr. K. Ramakrishnan Mr. M. T Madhavdas Mr. Atik Desai creating a better world for disadvantaged Head - Corp Infrastructure Executive Vice President Former Vice President Executive Vice President Chief Administrative Officer Indians. The concept of structured employee skill-building, health, water and sanitation is and Admin Services, CSR, Medical, Health & Corporate HR, L&T Head, PT&D Hazira Works (HZW) PGM Group Welfare Services contribution for social betterment makes in operation. A multi-sectorial intervention LTPCT unique in the not-for-profit sector. with integrated development approach, the In addition, with collective impact being programme is striving towards transforming the driving force behind the Trust, many villages in Talasari. Operations Team ambitious ventures have been implemented, transforming lives in the process. Gayatri M Oleti Ram Deshpande Supriya Kamble Leena Mahale Sarvesh Phatak Unlike other charitable trusts, LTPCT benefits Head Operations Secretary Programme Manager Finance and Admin Officer Programme Coordinator (Talasari) from the committed support of various L&T 04 | LTPCT Annual Report 2018 LTPCT Annual Report 2018 | 05 PROGRAMME FOCUS HEALTH SKILL-BUILDING EDUCATION WATER & VISION SANITATION Larsen & Toubro Public Charitable Trust would facilitate in bringing about visible and sustainable development of society through well-directed AREAS OF activities in the fields of vocational training, water management, holistic development of children and
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