Mumbai, December 22, 2021: Fullerton India Credit Company Limited (FICCL), a leading NBFC, has been felicitated by the Governor of Maharashtra Shri Bhagat Singh Koshyari for providing over 40,000 nutritious meals to healthcare workers and the underprivileged community across various parts of Maharashtra during the Covid-19 nationwide lockdown. Fullerton India’s Chief Business Officer, Ajay Pareek received the Certificate of Appreciation from the Governor recently.
FICCL partnered with Annamitra Foundation to provide meals through various kitchens located in Aurangabad and Nagpur to support needy people. They also delivered healthy and wholesome meals in the form of dry rations and provisions, such as edible oil, nutritious chana dal, jaggery, soya nuggets and a box of wholesome sweets in the Mumbai region.
Speaking about its relief work and partnership with the Annamitra Foundation, Swaminathan Subramanian, Chief People Officer, Fullerton India said, “As the Covid-19 pandemic has deeply impacted people in the past two years, it is imperative that organizations step up to offer relief in any manner that is required. At Fullerton India, we aim to help people build sustainable livelihoods and engage with various bodies to offer livelihood, educational, environmental and healthcare interventions for individuals and local communities. We partnered with Annamitra Foundation to provide people with food packets to help them tide over the lockdown phase.”
During the first and second phases of the Covid-19 pandemic, Fullerton India helped distribute 1 lakh health hygiene kits through 1,000+ health and awareness camps. The company also contributed towards providing oxygen concentrators, patient beds for quarantine centers and nutritious meals to healthcare workers and the underprivileged community.
As part of its CSR focus, Fullerton India aims to reach out to the under-banked and unbanked by not just providing them with financial services, but also by enabling the communities with services and skills that would help improve their standard and quality of living.
Annamrita Foundation (formerly known as ISKCON Food Relief Foundation), has been serving mid-day meals, to Municipal and Government aided and non-aided schools across 21 locations in seven states of India serving up to 12 lac meals every day, since 2004.
About Fullerton India
Fullerton India Credit Company Ltd. (“Fullerton India”) started its India operations in 2007, and is today a leading NBFC with a pan India presence. Working with over 12,500 employees, it reaches its market by connecting with over 2.3 million customers, be it in cities, towns or villages, right at their doorstep. Fullerton India penetrates deep inside the market through more than 628 branches, covering 600 towns and approximately 58,000 villages. It operates in the niche sectors and provide financial access to the underserved and unserved segments.
Shareholders –
Sumitomo Mitsui Financial Group (SMFG)
SMFG holds a 74.9% stake in Fullerton India Credit Company Limited and is the holding company of one of the largest global banking and financial service groups, offering a diverse range of financial services including commercial banking, leasing, securities and consumer finance with a heritage exceeding 400 years in Japan. SMFG is listed on the Tokyo and New York (via ADR) Stock Exchanges and has a market capitalization of approximately US$44.9 billion (as of 29 October 2021). SMFG is one of the global systemically important banks (G-SIBs) and has high credit ratings of A1 by Moody’s Investors Service and A- by Standard & Poor’s.
Fullerton Financial Holdings (FFH)
FFH holds a 25.1% stake in Fullerton India Credit Company Limited and is an independently operated strategic and operating investor in financial and related services in emerging markets. FFH creates shareholder value by building differentiated business models focused on the Mass Market and SME segments, and enabling digital innovation for its portfolio companies. FFH is a wholly-owned independent portfolio company of Singapore-headquartered investment company, Temasek. As at end December 2020, FFH’s portfolio includes investments in 6 countries with total Group assets of SGD 6.9 billion.
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