“The Beacon Fellowship Charitable Award” supported by JP Morgan for 2013, recongnises the various forms that philanthropy can take and this award for impact investment honours those who have imaginatively used their financial resources to promote the public good, without necessarily depleting their fiscal resources in the process. Impact investors are primarily motivated by a social, environmental or charitable challenge, but seek to generate a positive ‘blended’ return from their investments, of both social and financial nature, often with the goal of expanding their philanthropy resources, rather than seeking enrichment for its own sake.

Winning this “JP Morgan Beacon Fellowship Award for 2013” is important to TCW, because it proves that, despite common misconceptions, the business of philanthropy is not about solely giving away money; it is about solving problems and advancing causes that people care about. Achieving meaningful change in a complex world requires more than money – it also relies on money being well deployed, as those honoured . The awardees under this “Impact Investment” category for 2013 are:

Sir Ronald Cohen
Nick O’Donohoe
John Pontin OBE and Wendy Stephenson

In the image, Mr. John Pontin, OBE and Wendy Stephenson can be seen receiving the award.

On 25th of February, Hand in Hand celebrated its 10 years of service to the community in a function in the shore temple town of Mamallapuram. Its CEO, Dr. Kalpana Sankar is a member of BBG Chennai.

Hand in Hand India is a grass root level NGO serving in 8 States in India and 7 countries across 3 continents. It has an integrated program of poverty elimination and women empowerment through various programs. With the support of its dedicated team comprising 2,500 employees of whom 65% are women, as well as 52,000 volunteers, Hand in Hand India has involved 8.5 lakh women in 57,000 Self Help Groups. It has also mainstreamed nearly 1.65 lakh children , after eliminating them from child labor.

The theme of the meet on 25th Feb was “Learning through reflection and looking forward” and Hand in Hand took the opportunity to felicitate all its 2,500 dedicated employees for achieving the following milestones:

Creation of 1.3 million jobs. This was a 5 year programme, scheduled to conclude in 2014. Due to the indefatigable energies and commitment of the Hand in Hand family, the goal was achieved in January 2013, which was 14 months before target date.
Crossing the threshold of Child Friendly Panchayats. A panchayat is designated as “Child Friendly” once child labor has been totally eliminated and all the children there attend school.

The program was graced by a galaxy of dignitaries which included Mr. N. Sanyal, IAS, Special Secretary – ministry of Women & Child Development, Govt of India; Ms. Jennifer McIntyre – U S Consul General : Guest of Honour; Mr. Siddharth Varadarajan – Editor : The Hindu – who delivered the Presidential Address; Representatives from the leadership teams of various Hand in Hand arms across the globe, viz. UK, Sweden, South Africa, Kenya, Afghanistan; Board of Trustees of Hand in Hand India and all employees of Hand in Hand India from rural interiors across all 8 States where they serve.

Dr. Kalpana Sankar, CEO, and the force behind Hand in Hand India, while felicitating all employees as well as thanking all donors, partners, well-wishers and supporters, made a presentation on the overall vision as well as the plans on going.

TVS Logistics acquires UK-based Rico LogisticsA prominent business group in Chennai, TVS Logistics Services has recently acquired 85% stake in UK-based Rico Logistics, a distribution and inventory management company. Going forward, both companies will operate under the brand, TVS Supply Chain Solutions.

The total cost of acquisition was Rs 100 crore, and has been funded through KKR fund (which invested Rs 265 crore in January 2012) and through internal accruals.

TVS Logistics currently has a turnover of Rs 2,500 crore and the acquisition of Rico Logistics would help the company add new service capabilities like ‘last mile connectivity’ and help TVS Logistics enter new service verticals like IT and telecom products service. Managing Director of TVS Logistics Services, R. Dinesh recently mentioned in a press note that there are three more acquisitions on the cards.