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1
Legacy
Much before the concept of Corporate Social Responsibility had evolved into its present
form, Atul Ltd (Atul) has been engaged in serving the society with diverse initiatives in
the fields of education, health and infrastructure. Mr Kasturbhai Lalbhai, the Founder of
Atul and an Indian legend, ensured complete commitment to community development
andwelfare in every company he established. The primary reason for the establishment
of Atul was to generate large scale employment and consequently improve the
standard of living in rural India. His passion to give back to the society was reflected
in his daily schedule; he spent half a day on growing businesses while the other half
was dedicated solely to social service. He appointed Mr Balwantrai Mazumdar, an
economist and Mr Siddharth Lalbhai, his elder son and a chemical engineer, to develop
Atul, both of whom continued with the fine legacy.
In 1978, Mr Siddharth Lalbhai laid the foundation of Atul Rural Development Fund in an
endeavour to further the rich legacy of his father and bring focus to rural development
projects undertaken by Atul. He personally oversaw each project which was being
implemented and took keen interest in consistently improving the quality, variety and
impact of such projects.
Over the years, with an increase in the number and scope of projects related to serving
the society, Atul Foundation was established in 2010 as an umbrella trust of Atul.