8/4/2019 A Titan Industries Programme to Improve the Livelihood of Women Through Micro-business and Education

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Titan Industries - developing local industry in support of business and philanthropic aims

Titan Industries Limited was formed in a joint venture between the Tata Group and Tamil Nadu; originally producingwatches the company has since diversified into jewellery and eyewear. It now operates in over 30 countriesincluding throughout the Middle East, Africa and the Asia-Pacific. It inherited a strong CSR legacy from jointventure partner the Tata Group, Indias best known industrial group with turnover equivalent to 3% of the countrysGDP. The Group has long believed in returning wealth to the society it serves and has a long history of corporatephilanthropy and integrating CSR considerations into its core business.

As a member and advocate of the UNGC , Article 13 is committed to profiling innovative activities of fellow members to encourage peer learning and joined up thinking amongst UNGC participants.

Titan Industries has been a signatory of the United Nations Global Compact since 14 October 2002.

Busine ss Insight

This is reflected in the business plans for Titan Industries. Along with more traditional elements, it refers to theprovision of micro business opportunities and support to poor village women and individual jewellery artisans,employing people with disabilities, supporting educational initiatives and health care projects and abiding by theTata Code of Conduct.

Many of these aspirations are embodied in the companys activities focused on improving the livelihood of localwomen. Original efforts began as a programme to combat female infanticide and improve the standard of living for women in Dharmapuri district. Women were offered employment making bread and washing uniforms for factoryworkers. Since then the programme has developed into an entire separate business and important local supplier.

Transformation

In 1995, Titan began working with local NGO Myrada. Myrada assisted in identifying ways in which the womensskills and needs could be better matched to the core business of the company. As a result, a bracelet making unitwas developed to create bracelets to be used as watch bands creating a new market for the business.

Titan provided training and worked with Myrada to source the necessary equipment. Following early successes theinitiative was converted into a privately held company run and owned by the women themselves, supported byfurther technical training and expertise from Titan. The company was called MEADOW (Management of Enterpriseand Development of Women).

End Game

The company is now owned by more than 200 women, including three female directors, who have been with the

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organisation since it began. Profits are distributed equally amongst all employees with a significant amount addedto corpus fund to cover company needs and raise the standard of living for employees families.

The annual revision of piece rates are negotiated with Titan and the company now handles all purchases, workschedules, accounts as well as doing the base work for meeting all statutory requirements.

But, perhaps more importantly, the women of MEADOW have become important wage earners in their families.Twenty have gone on to complete higher education and positive changes in the living standards and health of thecommunity have been observed. This has had led to important changes in the lives of these women; they are nolonger under pressure to marry at such an early age and are increasingly consulted in family decisions.

There are still challenges that the programme will have to face for instance, the need to potentially find other markets to reduce its dependency on Titan, potential competition from other markets and how the same principlescan be applied throughout other areas of Titans business.

However, the experience of MEADOW has proved that philanthropic aspirations can be achieved throughout theoperations of the business and do not have to be limited to community donations. Success is dependent on alonger commitment of resources to help build the relationships and infrastructure required for success as well asthe right community partners that bring the necessary expertise to the table to increase the chance of success.

References:

Embedding Human Rights in Business Practices II , UNGCTitan World website Myrada website

Article 13 - October 2008

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