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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
and welfare in every company he established. The primary reason for the establishment
of Atul was to generate large scale employment and consequently improve 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 Kasturbhai, his elder son and a chemical engineer, to develop Atul, both of
whom continued with the fine legacy.
In 1978, Mr Siddharth Kasturbhai 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 the scope of projects related to
serving the society, Atul Foundation was established in 2011 as an umbrella Trust of Atul
conglomerate.
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