IndiaMART CSR Spending Report of Rs 5.86 Cr for FY 2025

NEW DELHI (India CSR): Corporate social responsibility (CSR) has become a cornerstone for businesses aiming to contribute positively to society. IndiaMART InterMESH Limited, a prominent online B2B marketplace, outlines its commitment and activities in this area in its recent Integrated Annual Report for the financial year 2025. The report provides a comprehensive look at how the company addresses its social obligations and integrates sustainability into its operations, demonstrating a philosophy of transforming businesses and lives through its efforts for empowering communities. For FY 2025, IndiaMART’s dedication to social impact is underscored by a significant investment in its CSR initiatives, meticulously detailed within the report.

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Meeting the Mandate: IndiaMART’s CSR Obligation and Expenditure

In accordance with the provisions of Section 135 of the Companies Act, 2013, companies are required to spend a certain percentage of their average net profit on CSR activities. IndiaMART’s report specifies that the average net profit of the Company, as per Section 135(5) of the Act, amounted to Rs 293.085 crore. Based on this figure, the Company’s total CSR obligation for the financial year 2024-25 was calculated as 2% of this average net profit, equating to Rs 5.86 crore.

The report confirms that IndiaMART has fully met this obligation for FY 2025. The amount spent on CSR Projects, encompassing both ongoing and other than ongoing projects, totaled Rs 5.86 crore. Importantly, the report highlights that no amount was spent on administrative overheads for CSR activities and no capital assets were created or acquired through the CSR amount spent during the financial year. This demonstrates a direct channel of funding towards the intended projects and initiatives.

The total amount spent for the financial year 2025 was precisely the amount required to be spent, resulting in no shortfall or excess amount spent for the year. The report also clarifies the status of unspent amounts from previous years, noting that the amount unspent in FY 2022-23 was spent in FY 2023-24, and there is no amount remaining to be spent in succeeding financial years from preceding periods.

Focusing Efforts: Key Areas of Social Impact

IndiaMART’s CSR philosophy is rooted in the belief that education and skill-building are not merely areas of intervention but rather vehicles for transformation. The company is committed to fostering inclusive, equitable, and empowering learning environments across India. The nature of CSR activities undertaken during FY 2025 primarily included Primary Education and Skill Development. Additionally, activities covered under Schedule VII of the Companies Act, 2013, such as sanitation and making available safe drinking water, were also included.

The CSR Policy, which can be accessed on the Company’s website, sets out the guiding principles for carrying out these activities. It also lays down the process for the execution, implementation, and monitoring of the socially impactful programs aimed at the welfare and sustainable development of the community.

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Governance and Oversight: The CSRS Committee

The oversight and strategic direction for IndiaMART’s CSR and sustainability practices are provided by the Corporate Social Responsibility and Sustainability (CSRS) Committee. As of March 31, 2025, the CSRS Committee comprises three members: Vivek Narayan Gour, who serves as the Chairman, Brijesh Kumar Agrawal, and Pallavi Dinodia Gupta. Pallavi Dinodia Gupta also serves as an Independent Director of the Company and is eligible for re-appointment.

The terms of reference for the CSRS Committee are clearly defined and include key responsibilities such as formulating and recommending the CSR Policy and the Annual Action Plan to the Board, recommending the amount of expenditure to be incurred on activities, ensuring compliance with the policy and rules, monitoring the policy from time to time, and providing strategic direction. The composition of the CSRS Committee and the CSR Policy are publicly disclosed on the Company’s website.

Integrating Sustainability: Beyond the Financial Spend

While the financial expenditure on CSR activities is a key highlight, IndiaMART’s report also places its social responsibility efforts within the broader context of its Environmental, Social, and Governance (ESG) commitment. The company states that ESG is not just a commitment but is embedded in the way they do business. Their journey is guided by a sense of responsibility towards the planet, people, and principles of ethical governance.

As a digital-first company, IndiaMART inherently operates with a low environmental footprint and aims to contribute to a cleaner future by adopting digital solutions that help reduce environmental impact. The company details efforts in waste management, noting that e-waste is the primary waste generated, which is managed according to relevant laws and directed to certified recyclers, with efforts made to refurbish IT assets when feasible. Dry waste like paper is reduced through extensive digitization and recycled. Although not water-intensive, they take proactive steps to conserve water at their facilities. The report also includes data on energy consumption and greenhouse gas emissions (Scope 2).

The company’s sustainability initiatives and Business Responsibility and Sustainability Report (BRSR) are prepared in accordance with SEBI guidelines, and the non-statutory section is guided by VRF’s Framework. IndiaMART voluntarily undertook limited assurance on BRSR Core Key Performance Indicators for FY 2025, covering attributes such as GHG footprint, water footprint, energy footprint, and waste management at the head office level.

Recognition for Dedication

The efforts and commitment demonstrated by IndiaMART in the area of CSR have also received external recognition. During FY 2025, the Company was awarded the “Certificate of Appreciation” in the Small & Emerging Category from the Institute of Company Secretaries of India (ICSI) for the “ICSI CSR Excellence Awards”.

You Learn

IndiaMART InterMESH Limited’s Integrated Annual Report for FY 2025 showcases a dedicated and compliant approach to Corporate Social Responsibility. By spending the mandated Rs 5.86 crore precisely on targeted social projects, primarily focused on education and skill development, and operating under clear governance structures, the company reinforces its commitment to creating positive social impact and integrating sustainability into its core business ethos.

FAQs: IndiaMART’s CSR report FY 2025:

1. What is IndiaMART’s total CSR spending for FY 2025?

Answer: IndiaMART spent Rs 5.86 crore on CSR activities, fulfilling its mandatory 2% net profit obligation for FY 2025.

2. Which areas does IndiaMART focus on in its CSR initiatives?

Answer: The company primarily focuses on Primary Education, Skill Development, sanitation, and safe drinking water.

3. Does IndiaMART spend any amount on administrative overheads for CSR?

Answer: No, IndiaMART did not spend any amount on administrative overheads; all funds went directly to CSR projects.

4. Who oversees IndiaMART’s CSR activities?

Answer: The CSR and Sustainability Committee, chaired by Vivek Narayan Gour and including two other members, manages the CSR policy and implementation.

5. Has IndiaMART received any recognition for its CSR efforts?

Answer: Yes, in FY 2025, IndiaMART received the “Certificate of Appreciation” in the Small & Emerging Category from ICSI for CSR excellence.