Delex, the name chosen by shortening and merging the words "Delivery Express" is a business idea that is actively developed and implemented in to a successful business model by a group of experienced professionals from India’s Supply Chain Services’ industry.
Delex Cargo India Private Limited., the company is promoted by Mr. N. Amrutesh Reddy of NDR Group.
In the first one year of inception Delex developed an extensive distribution and delivery network connecting major towns and cities of India offering a wide range of Supply Chain services to its customers from the Indian industry.
Delex motto is Providing well developed and often customized, innovative, best-value and technology laced, Logistics Solutions and Services to the Indian Industry". Towards this, Delex had created robust infrastructure complete with dedicated offices, trained staff, world-class IT systems and well-defined processes that can cater to the modern day demands of a fast growing business enterprise's distribution and delivery requirements.
Delex brings together a highly experienced team of business leaders with extensive logistics functional experience from diverse industry backgrounds ranging from core domestic transportation and distribution, international freight forwarding, supply chain solutions to strategic business development profiles.
We, at Delex Cargo India Private Limited are conscious of our responsibility to conduct our business in an economically, socially and environmentally sustainable manner that is transparent and ethical. We strongly believe in inclusive growth, where the community around our various facilities also partake in the company’s growth. We equally believe that creation of large societal capital is as important as wealth creation for our shareholders and we are committed to the well being of all the stakeholders. As a responsible human organization, we are committed towards the above objectives and we are keen on developing a sustainable business model to ensure and activate our future growth drivers. In line with the regulatory expectations, we are putting in place a formal policy as a guide towards our social commitment going forward. This Policy shall be read in line with Section 135 of the Companies Act, 2013, Companies (Corporate Social Responsibility Policy) Rules, 2014 and such other rules, regulations, circulars, and notifications as may be applicable and as amended from time to time.
The objective of the CSR Policy (“Policy”) is to lay down the guiding principles in undertaking various programs and projects by or on behalf of the company relating to Corporate Social Responsibility (“CSR”) within the meaning of section 135 of the Companies Act,2013 read with Schedule VII of the Act and the CSR Policy Rules 2014.(“Rules”)
Policy on CSR of Company is broadly framed taking into account the following measures: The CSR activities shall be undertaken by company, as stated in this Policy, as projects or programs or activities (either new or ongoing), excluding activities undertaken in pursuance of its normal course of business. The CSR activities, which are exclusively for the benefit of Company employees or their family members, shall not be considered as CSR activity. The following is the CSR projects or programs, which company plans to undertake pursuant to Schedule VII of the Companies Act, 2013: 1. The process to monitor such projects or programs. 2. Specify the modalities of execution of project or programmes undertaken along with its implementation schedule. 3. Specify that the surplus, if any, arising from the programs undertaken is not a part of its business profits. Any other measures/schemes would be introduced, subject to the approval of Board of Directors on the recommendation of CSR Committee, and subject to the provisions of Section 135 of Companies Act, 2013 and rules made thereunder.
The policy shall be applicable to all CSR activities of the company whether carried by it or through any implementation agency with effect from 23rd September 2015.
CSR Committee means the Committee of the Board constituted in terms of Section 135 of the Companies Act, 2013 read with Rule 5 of the rules to perform the following functions: • Review the mission of the organisation from time to time and ensure it stays aligned to changing context of the Organisation; • Bring specific focus on certain excluded segments of client community and set benchmarks for the same; • Disseminate information related to the social performance of the Organisation in such manner as deemed appropriate; • Review the amount spent on social activities and advise the Board on its efficacies; and • To formulate and recommend to the Board the CSR policy of the Company. • To review the CSR initiatives and programs / projects / activities undertaken by the Company. • Any other matter, as the CSR Committee may deem appropriate, after approval of the Board of Directors or as may be directed by the Board of Directors from time to time.
a. After taking into account the recommendations made by the CSR Committee, approve the CSR Policy for the Company. b. Ensure that the CSR activities included in this Corporate Social Responsibility Policy are undertaken by the Company. c. Ensure that, in each financial year, the Company spends at least 2% of the average net profits of the company made during the three immediate preceding financial years, in pursuance of its CSR policy. Further, while spending the amount earmarked for CSR activities, preference should be given to local areas and areas around the Company where it operates, e. As per Section 135 of the Act, specify the reasons for under spending the CSR amount in the Board’s Report.
In compliance with the Act and to ensure that funds spent on CSR Activities are benefitting the target group, a comprehensive Monitoring and Reporting framework has been put in place. The CSR Committee shall monitor the implementation of the CSR Policy through periodic reviews of the CSR activities. The respective CSR personnel will present their annual budgets along with the list of approved CSR activities conducted by the Company to the CSR Committee together with the progress made from time to time as a part of the evaluation process under the monitoring mechanism.
The CSR activities undertaken in India only shall amount to CSR Expenditure. CSR Expenditure shall include all expenditure, including contribution to corpus for CSR activities approved by the Board on the recommendation of the CSR Committee, but does not include any expenditure on an item not in conformity or not in line with activities which fall within the purview of Schedule VII of the Act.
The CSR policy recommended by the CSR Committee and approved by the Board shall be displayed on the Company’s website and shall be disclosed in the Board’s report as well.
The Board Report of a Company shall include an Annual Report on CSR containing particulars specified in Annexure to the CSR Rules as per the prescribed format.
This policy shall be updated from time to time by the Company in accordance with the amendments, if any, to the Companies Act, 2013, rules made thereunder or any other applicable enactment for the time being in force.