Our commitment as a responsible corporate citizen is to promote the welfare of the driver community, as well as to sustain and improve the environment and uplift underprivileged members of the society.
At Pennant, we make sure that we do our bit and give back to society. Pennant committed to address the needs of communities by taking sustainable initiatives in the areas of skill development, health, education, environment, women empowerment, infrastructure, rural development, community development and response to natural calamities.
CSR Committee
Pursuant to the provisions of Section 135 of the Companies Act, 2013, the Board of Directors constituted the following Corporate Social Responsibility (CSR) Committee:
| S. No | Name of the member | Designation in committee | Designation in Company |
|---|---|---|---|
| 1 | Mr. Rama Krishna Raju | Chairman | Founding Director & CEO |
| 2 | Mr. Pradeep Varma | Member | Founding Director & MD |
| 3 | Mr. Ravi Varma Datla | Member | CHRO & Head of Compliance |
| 4 | Mr. Ravi Sagi | Member | Head – Administration |
Skill Development Project: FY2023-24& 2024-25
Per Schedule VII of the Companies Act 2013, Activities covered under Corporate Social Responsibility, Skill Development is one of the qualifying activities.
During 2023-24, Pennant Technologies trained 70 engineering graduatesin their final semesterunder Apprenticeshipfor a period of six months with stipend,in its Visakhapatnam office.
During 2024-25, till September 2024, Pennant Technologies trained 50 engineering graduates in their final semester under Apprenticeship for a period of six months with stipend, in its Visakhapatnam office.
The Apprenticeship stipend paid to the said engineering graduate students are under CSR activity, as the update and office memorandum issued by Ministry of Skill Development and Entrepreneurship dated 11th March, 2020.