1. Policy Introduction:

    OLA is committed to operate and grow its business in a socially responsible way. Our vision is to grow our business whilst reducing the environmental impact of our operations and increasing our positive social impact.

    OLA’s cornerstone vision is to be a socially conscious business and it has always displayed the highest Standards of corporate citizenry. Apart from continuously fulfilling all its regulatory requirements related to the laws of land, the Company believes in a well-structured corporate social responsibility (CSR) culture. This policy outlines our CSR agenda, activities and geographical area in which the Company will focus. Based on this thought process, the CSR Policy has been framed to drive planning, implementation and evaluation of initiatives and resources.

  2. Objective:

    The main objectives of the CSR Policy are to:

    • Honour the spirit of law and be a responsible corporate citizen.
    • Strive for Sustainable development for economic growth.
    • Positively impact the society at large with minimal resource footprint.
    • Adopt an approach that aims at achieving a greater balance between social and economic development.
    • Creating shared prosperity, sustainable for the Company’s actions.
    • Encouraging positive impacts through its activities.
    • Enhance and implement the society welfare measures in a well-structured manner on short as well as long term basis with a vision of making the Company a Good Corporate Citizen.
  3. CSR Activities:

    In accordance with Section 135(5) of the Companies Act, 2013 (the Act) or any amendments thereto, the Company is committed to spend at least 2% of its average net profits made during the three immediately preceding financial years in some of the identified activities that are listed in Schedule VII (as amended) to the Act.

  4. Execution/Implementation and Reporting of CSR Activities:

    OLA shall undertake CSR activities either by itself or through trusts or NGOs or any other body setup duly established or recognised by Government of India, as per the provisions of the Act.

    The expenditure on CSR activities shall be project based, as may be decided by the CSR committee, from time to time, in consultation with the Board of Directors of the Company.

    The Board of Directors of the Company will allocate the budget for CSR activities to be undertaken during the year subject to financial performance, operations of the Company and statutory requirement/ limits. The CSR Committee will formulate and recommend to the Board the activities to be undertaken by the Company as specified in Schedule VII to the Act.

    The Company will spend on activities as specified in Schedule VII to the Act at any location as decided by the CSR Committee.

    The constitution of CSR Committee and activities undertaken by the Company will be reflected in the Annual Report of the Company for the respective financial year.

  5. Composition of CSR Committee:

    The CSR Committee consists of the following members:

    • Mr. Bhavish Aggarwal - Chairman and Member
    • Mr. Ankit Bhati - Member
    • Mr. Anvish Bajaj - Member
    • Mr. Sandeepkumar Singh will act as Secretary to the CSR Committee.
  6. Responsibilities of the CSR Committee:

    The responsibilities of the CSR Committee include:

    • Formulating and recommending to the Board of Directors the CSR Policy and indicating activities to be undertaken.
    • Recommending the amount of expenditure for the CSR activities.
    • Monitoring CSR activities from time to time.
  7. Governance Policy:

    The CSR Policy will be governed by the Companies Act, 2013 and Rules made thereunder and any other modification or enactment as notified by the Central Government from time to time.

  8. Grievances and Complaints Contact:

    For queries related to the CSR Policy, please write to us at:

OLA – CSR Policy – Adopted by the Board on 28th January, 2015