CSR Policy


Corporate social responsibility, often abbreviated “CSR,” is a corporation’s  initiatives to assess and take responsibility for the company’s effects on environmental and social wellbeing. The term generally applies to efforts that go beyond what may be required by regulators or environmental protection groups.

Being a responsible corporate citizen, Hero Eco group is always coming forward to contribute for social and environmental causes on a regular basis. We believe that, to become successful, a corporate must show a high level of responsibility towards the society, its employees & consumers.

Hero Eco Group is committed to operate and grow its business in a socially responsible way.


Hero Eco group is a multi-company, multi-product and a multi-location enterprise with interests in Electric Vehicles, Exports, Bicycles and Healthcare products having its registered office at Ludhiana, Punjab & also a Corporate Office at New Delhi. The Hero Eco business division focuses primarily on environmentally friendly products.

  • The major Companies involved are:
    1. Hero Ecotech Limited
    2. Hero Electric Vehicles Private Limited
    3. Kross Bikes Private Limited
    4. Mediva Health Care Private Limited
  • M/s Hero Exports (Partnership Firm)



We would strive to grow our business in a socially responsible and ethical manner, protecting the environment and benefiting the society.


Free Distribution of Electric Rickshaw to poor women for their daily earnings, Education and Health, Free treatment of poor and needy people through charitable trusts, free education and good health care of poor students through Noble Trust. Our main focus is to provide free education facilities to needy children.




3.1 Constitution

Pursuant to the provisions of Section 135 of the Act, the Board of Directors have constituted the Corporate Social Responsibility (CSR) Committee. The Members of CSR Committee are as follows:

Sr. No Name Designation
1 Mr. Vijay Munjal Chairman
2 Mr. Gaurav Munjal Member
3 Mr. Naveen Munjal Member
4 Mr. Harish Bhatt Member


3.2 Powers of the Committee

Following are the Powers of the CSR Committee:

  1. Formulate and update CSR Policy and recommend the same to the Board of Directors of the Company for approval;
  2. Recommend CSR activities as stated under Schedule VII of the Act;

iii. Recommend the CSR Budget;

  1. Spend the allocated CSR amount on the CSR activities once it is approved by the Board of Directors of the Company in accordance with the Act and the CSR Rules;
  2. Submit the Reports to the Board in respect of the CSR activities undertaken by the Company;
  3. Monitor CSR Policy from time to time;

vii. Authorize executives of the Company to attend the CSR Committee Meetings;

viii. Create transparent monitoring mechanism for implementation of CSR initiatives in India;

  1. Submit the report to the Board in respect of the CSR activities undertaken by the Company.


3.3 Frequency of the Meetings of the CSR Committee

The CSR Committee shall meet atleast once in a year. Members of the CSR Committee can agree upon mutually regarding time and place for the said meetings. Quorums for the meeting have at least three members. The Members of the Committee may participate in the meeting either in person or through video conferencing or other audio visual means in accordance with the provisions of the Companies Act, 2013 and Rules made there under from time to time. Minutes of the CSR Committee shall be placed before the Board for noting.



The Act mandates companies meeting the qualification criteria to allocate certain portion of its annual net profits (before tax) during the three immediately preceding financial years to be spent on CSR Activities that fall under purview of Schedule VII of the Act.

  1. CSR Expenditure:

Net profit means profit more fully described under Rule 2(f) of the CSR Rules. The CSR expenditure shall include all expenditure including contribution to corpus or on projects or programs relating to CSR activities approved by the Board of Directors on the recommendation of its CSR Committee but does not include any expenditure on an item not in conformity or not in line with activities stated under Schedule VII of the Act.



To ensure effective implementation of the CSR programs outlined in the CSR Policy and execution of the identified CSR Projects, the Committee shall appoint as internal monitoring group comprising of three members. The progress of CSR programs under implementation will be reported to the Board of Directors on a half yearly basis. The CSR Policy and its implementation shall be evaluated amongst others, on the following criteria:

– Technical appraisal of the project;

– Financial appraisal of the project especially the cost estimates and the funding arrangement;

– Time chart/project schedules and funding requirements for each stage;

– Project Documentation

All relevant progress reports of the project shall be obtained for study and gap analysis. Disclosures meeting with the implementation team shall be convened for identification of reasons for the gaps (if any) and corrective actions to be taken.

Reports of the impact of the CSR activities done by the Company shall be submitted to the Board of Directors to determine the status and if required, the effectiveness of CSR activities of the Company.