PEL acknowledges its role in enabling India’s growth story and its impact on millions of Indians. We remain dedicated to delivering long-term value to all our stakeholders, serving our clients, empowering our communities, collaborating with partners, and nurturing the staff through the lens of sustainable impact. Using our tech-enabled backbone, we strive to connect with them progressively and sustainably, and promote growth.
Further, following initiatives are implemented to promote the health and well-being of our employees:
Our business and our people transformed significantly in the past years. Each of our employees championed every initiative and programme and helped us achieve extraordinary milestones.
PEL is dedicated to fostering inclusivity, prioritising diversity, equity and inclusion in talent acquisition to achieve gender balance and equal opportunities. We aim to cultivate a workplace where every individual can excel and assume leadership roles, encouraging diverse perspectives to flourish. Our commitment to diversity, inclusion, belonging, and accessibility (DIBA) extends beyond our organisation, valuing insights from customers, partners, and communities to enrich our culture and drive innovation.
To enhance employee performance and empower individuals, we implement programmes that unlock their full potential. Recognising the digital gap in rural areas, we launched a programme to support women in these regions, providing opportunities to enhance their computer skills and navigate the digital landscape, fostering personal and professional growth. This initiative was conducted in collaboration with Piramal Foundation.
Our dedication to inclusivity is reflected in several pioneering initiatives aimed at promoting DIBA across our workforce. Some of the initiatives are:
Through PENs, we strive to create a workplace where every employee feels valued, respected, and empowered to reach full potential.
We engage with every member of our workforce through various strategies, including our policies, trainings, and recognition programmes. We believe that creating a positive and stimulating work environment is essential for a company’s success, and this also has a high impact on its employees’ well-being.
We use a variety of engagement techniques to communicate our objectives, inspire our employees to put forth their best effort, and respond to their concerns or grievances.
Project Neev is a collaborative effort between Retail Finance and Piramal Foundation-Aspirational Bharat Collaborative (Bharat Collab) team to work together in aspirational districts. The project was initiated on October 22, 2022 with the aim of understanding each other’s work through immersion and reverse immersion visits. During immersion, the Retail Finance team visited aspirational districts to gain a better understanding of the work being done by the Foundation team, while reverse immersion involved Piramal Foundation’s team members visiting Retail Finance offices to understand their processes and capabilities.
In Phase 1, both teams collaborated to identify ground challenges and areas where Retail Finance can support the Foundation team. This resulted in Project Neev being elevated to a programme with project themes and leaders being identified to take the initiatives forward.
In Phase 2 of the project, 256 Piramal Finance employees visited 20 districts across 14 states to build an understanding of the Bharat Collab teams, local communities, government stakeholders and campaigns. 80+ ideas covering a wide spectrum of programmatic themes for collaboration under Project Neev were generated jointly by 13 sub-groups of Piramal Finance and district Bharat Collab team. These ideas were categorised into 4 broad themes:
Piramal Finance also conducted a session on fostering the spirit of Sewa Bhav for Maitreyi, with 700+ women-led forums from Piramal Finance Shared Services (PFSS).
Piramal Learning Fest: The Piramal Learning Festival aims to cultivate a culture of continuous learning. The learning festival is a unique initiative spread across two days that allows employees to consume a variety of value-added content virtually.
Engaging Corners of Learning Fest:
The Piramal Learning Festival 2024 saw a total digital footprint of nearly 10,000 participants across 21 sessions over 2 days, supplemented by additional attendees from branches, regional offices, and various locations on both days. The sessions encompassed a blend of inspiration, wellness, skill-building, and culture.
This is a holistic health medical cover that recognises the needs of mental well-being and prioritises the overall well-being of employees, fostering a culture of care and understanding.
Our people are not just employees. They are our advocates and contributors to our vibrant organisational culture. Understanding the essence of our success, our teams actively participate in recruiting and expanding the employee workforce by recommending individuals whom they believe embody the values and ethos of Piramal.
Our commitment to trust is integral to our workplace safety initiatives and is prominently exemplified through our Prevention of Sexual Harassment (POSH) policy which is gender agnostic. We have strategically designed and implemented various aspects of this programme, reinforcing our dedication to zero tolerance for any kind of sexual harassment and creating a safe, respectful, and inclusive work environment.
To achieve its objectives of fostering greater synergies between PEL and Piramal Foundation, a series of activities and immersive visits were planned and conducted during FY2024.
Immersions: About 270 PEL employees visited field sites across 14 states and acquired in-depth knowledge of the grassroots and communities. Piramal Foundation is also bringing about change by supporting the government and collaborating with local stakeholders. These visits have sparked a profound sense of pride in PEL teams through the work being done by the Foundation.
Orientation sessions: 15 professional trainers from PEL were oriented on Piramal Foundation, to facilitate them in adding an orientation on the Foundation during induction sessions of new joinees.
Exhibitions: Eight exhibitions showcasing the work and impact of Piramal Foundation and the 4 Big Bets have been held at multiple locations, including Baggar, Mumbai, Patna, and Jaipur. PEL teams were provided an opportunity to interact with the Piramal Foundation teams, its beneficiaries, and the government partners. This provided a deep understanding of the systemic transformation being wrought by Piramal Foundation. These interactions threw light on how the Foundation is a trusted partner of the government and how communities also have great confidence in the Foundation.
PEL supports Piramal Foundation’s 4 Big Bets which uses a platform-and-partnership approach to serve the disadvantaged populations and create lasting change in India through leadership development, digitisation, and youth involvement. It prioritises empowering of marginalised communities across India with its core values of Knowledge, Action, Care, and Impact. Through various CSR projects, PEL aims to improve the quality of life sustainably. Over the past 16 years, PEL has worked in 27 Districts and 2 Union Territories of India.
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Project Sampoorna is dedicated to fostering Social and Emotional Learning (SEL) among children across all 24 districts of Jharkhand. This initiative involves showcasing innovative SEL methods, enhancing the capacities of educators and school leaders, and catalysing systemic transformations within the education sector.
The programme operates through a distinctive model that entails collaboration with eight partners (Echidna Giving, Kaivalya Education Foundation, Dream a Dream, Quest Alliance, Porticus, IDInsight, SIMHA, and Sattva), forming a consortium supported and mentored by the Jharkhand Education Project Council (JEPC) and Jharkhand State Education Research & Training (JCERT).
Acknowledging the efficacy of SEL interventions, the Department of School Education & Literacy (DoSE&L) has endorsed the initiative. In alignment with the objectives of the National Education Policy (NEP) 2020, the state of Jharkhand has decided to introduce and integrate SEL competencies and skills into the curriculum of School of Excellence/Adarsh Vidyalayas. The aim is to impact over 10 lakh students, 18,000 teachers, and 4,500 headmasters across these districts.
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