Under the social development programs in India, there is one unique initiative by the government of India which makes it compulsory for corporate entities (falling under certain criteria) to perform the CSR activity. The detailed rule is provided in Section 135 of the Companies Act, 2013.
The basic stakeholders in such activities are the companies, some NGOs, and the beneficiaries. Apart from them, there is one very important entity which plays a critical role in making these activities a success. These are CSR consultancies. They keep an eye on the whole functionality for any fraud or wrongdoings. Also, they provide their support in linking the companies to the NGOs.
Innovative Financial Advisors Private Limited, also known as Fiinovation, is India’s leading consultancy company which works in different aspects of social development sector with the main focus on Corporate Social Responsibility and sustainability. Currently they are working in the following areas for the upliftment of the society:
• Education and
Fiinovation has the following core practice areas:
• Designing the corporate social responsibility policy
• Management of the company-NGO partnership
• Initiating and managing the CSR process for the companies
• Designing the policies for SMEs
• Need-based monitoring & Evaluation
• Impact Assessment
They are going ahead with their commitment to make partnerships with complete transparency and focus on the big problems of the underprivileged society of our country with a motivation to create a long-lasting impact.
Innovative Financial Advisors Pvt. Ltd. reviews the trustworthiness of their associated social welfare organization for utilizing their social funds in an honest way. They monitor all the activities of these organizations through their highly effective vigilance system and provide their reports to the concerned institution which can then take decisions of continuing or discontinuing the association with that NGO.
The impact assessment reports prepared on the basis of Innovative Financial Advisors Pvt. Ltd. reviews help in correcting the future course of action for both, company as well as social organization. On the basis of these assessments, we can understand if the efforts are being put in the right direction or not. These assessments are conducted by highly competent personnel who have proven track record of being unbiased and honest while reviewing the companies and NGOs as per the rules and regulations.
Innovative Financial Advisors Pvt. Ltd. reviews the NGOs on pre-defined parameters which cover all the important aspects like:
• internal activities related to the organization
• external businesses with their associations
• relationship with government bodies
• any conflict of interest
• negative media coverage which includes social media too
• political affiliations, etc.
Innovative Financial Advisors Pvt. Ltd. reviews the corporate entity too for the following aspects
• their genuineness in the cause
• negative news coverage in the media
• information about any suspicious transaction
• information about any financial return from the NGO, etc.
These parameters when utilized in an effective way, help in making the CSR practice more fruitful and genuine. Our company has created a mark in terms of professionalism, commitment, and deliverables. We love to accept new challenges this sector brings to us and thrive hard to deliver the best results. We are the leaders in this area because of our excellent quality of work. We are being appreciated by various companies, government bodies, and regulating authorities. We look forward to getting more opportunities to prove ourselves in this social development sector.