Summary
K.C. Mahindra Education Trust
 
 
Education
Girl Child
Estd: 1956
Used for Beneficiaries: 97% *
Address : Cecil Court, Near Regal Cinema, Mahakavi Bhushan Marg, Colaba, Mumbai 400001. Maharashtra
Email :  support@nanhikali.org
Web-site : www.nanhikali.org
Telephone : +91 22 22895500; +91 22 22895521
Donor Contact : Ms. Anuradha Suvarna / +91 9820855324 / support@nanhikali.org
Financial Score
Rs, Y/E March 31
Income & Expenditure Statement201420152016
Income From
Government Sources000
Institutional Sources286,601,056491,266,035554,669,307
Foreign Sources48,410,23200
Donations000
Sales/Fees000
Interest/Dividend39,664,62147,935,47559,872,928
Other Income00217,403
Total Income (A)374,675,909539,201,510614,759,638
Expenses For
Direct Programme Activities308,330,734451,783,225530,809,786
Programme Staff Cost4,201,9785,233,5614,566,999
Travel Expenses1,231,9951,787,7201,836,356
Direct Programme Expenses313,764,707458,804,506537,213,141
Fund Raising Expenses3,629,8427,111,18911,446,329
General Staff Cost000
Overhead Expenses406,831631,094392,856
Depreciation2,6252,6251,749
Other Expenses/Transfer20,822,51000
Total Expenditure (B)338,626,514466,549,414549,054,075
Surplus / (Deficit) (A-B)36,049,39572,652,09665,705,563
Balance Sheet201420152016
Assets
Fixed Assets4,4071,78233
Current Assets (excl. Cash)37,794,23339,832,58339,610,707
Cash/Bank 84,005,73456,877,31522,781,236
Investments484,326,502604,331,383739,676,032
Accumulated Deficits000
Total Assets606,130,876701,043,063802,068,009
Liabilities
Corpus / Share Capital291,674,473291,674,473315,174,473
General Funds293,633,893366,285,989431,991,552
Earmarked Funds20,822,51043,082,60154,901,984
Loans000
Current Liabilities000
Total Liabilities606,130,876701,043,063802,068,009
Other Details201420152016
Direct Beneficiaries (Nos)98,520113,124120,466
Indirect Beneficiaries (Nos)N.A.N.A.N.A.
Cost Per Direct Beneficiary (Rs) - Avg. 3,4374,1244,558
Number of Staff428340345
Highest Salary (Rs p.a.)N.A.N.A.N.A.
Lowest Salary (Rs p.a.)N.A.N.A.N.A.
Note: * Adjusted. Transfers to Reserves have been excluded from total expenses to calculate the proportion of expenses 'Used for Beneficiaries'
Regd. under : The Bombay Public Trust Act, 1950
Auditor : Deloitte Haskins & Sells
Bankers :
Standard Chartered Bank Saraswat Co-op Bank
State Bank of India Kotak Mahindra Bank
HDFC Bank State Bank of Bikaner

Donor tax benefits : 80G 50%
Eligible for foreign donations : Yes

Trustees/Directors/Managing Committee:
Keshub Mahindra, Trustee
  Chairman Emeritus, M&M Ltd
Anand G. Mahindra, Trustee
  Chairman & MD, M&M Ltd.
Bharat N. Doshi, Trustee
  Director, M&M Ltd
Ulhas N. Yargop, Trustee**
  Group CTO, M&M Ltd.
Uma Ranjit Malhotra, Trustee
  Founder, First Steps
Leena Labroo, Trustee
  Advisor, Shanti Devi Cht. Trust & Youthreach
Sheetal Mehta, Trustee/Executive Director
  Chief - CSR, M&M Ltd
 

Source : Audit Report 2016

Financial Note : 1) KCMET receives a large number of donations mainly from Institutional donors, but also from Individuals. 2) Details of Foreign Donations is not provided for FY15 and FY16. 3) Other income includes interest on I.T. refund. 4) Direct Program Activities includes expenditures on projects: Nanhi Kali, Mahindra Pride School, and Scholarships to students. Nanhi Kali and the School account for more than 90% of Direct Program Activities. 5) The NGO has provided overall amounts spent on various programmes, but not a detailed breakdown. 6) Advertising costs, bank charges and online transaction charges are taken as Fund Raising Expenses. 7) Other Expenses/Transfers indicate transfer to Nanhi Kali Fund.

NGO Profile :
  • Project Nanhi Kali is an initiative of the K.C. Mahindra Education Trust and Naandi Foundation
  • The project aims to provide 10 years of quality education to girl children
  • Nanhi Kali currently supports the education of over 100,000 girls in 9 Indian states
K.C. Mahindra Education Trust - Project Nanhi Kali believes that education is the single most powerful intervention for transforming lives. For thousands of disadvantaged girls in India, education is the only weapon that will open doors to provide them with equal opportunity, so that they can grow, learn, and realize their own potential.

Project Nanhi Kali: This project aims to provide 10 years of quality education to girls from socially and economically marginalized communities. They provide academic support in the form of before or after-school classes that aim to bridge the learning gap in government school classrooms; material support in the form of schoolbags, shoes, books, uniforms, lunchboxes, and other essentials that help a girl go to school with dignity; and social support by mobilizing communities of parents, teachers, and village elders to make them active stakeholders in the process of change. The project is jointly managed by the K.C. Mahindra Education Trust and Naandi Foundation. Nanhi Kali is working with 18 NGO implementation partners at the grassroot level. The K. C. Mahindra Trust regularly monitors the NGOs and gives technical inputs wherever required.

Apart from providing educational support to over 120,000 underprivileged girls across 10 states,

Key Outcomes include: i) 10-20 percentage point increase in learning levels, ii) reduction in dropout rates to less than 10%, and iii) average attendance of 83%. This is significant considering in India, over 50% of girls dropout by the time they enter secondary schools.

Project Nanhi Kali is supported by several donors including Mahindra & Mahindra, Titan, HPCL, Franklin Templeton, HINCOL, Capgemini, Tata AIG, Mattel Children’s Foundation, and YES Bank


** Mr. Yargop is also Group President (IT Sector) and Member of the Group Executive Board, M&M Ltd.