The Business Sustainability division at JSPL was set up in July 2014 to ensure that the pace of
growth of the company was matched with a holistic and long term approach. The entire establishment of
this division was based on a simple principle of Conceive – Cast – Collaborate.
Conceive – Prior to setting up JSPL’s Business Sustainability Division
we took a deep internal check on what sustainability meant for JSPL. 3 sets of employee surveys
alongside brainstorming sessions with the top management led to our understanding that sustainability
at JSPL signifies JSPL’s overall business longevity such that the company’s growth is not
just speedy but also holistic and authentic.
Cast – JSPL’s business sustainability has subsequently been cast within
the organization in such a way that sustainability permeates through various business and processes of
the company. It is placed as a central node that oversees different functions within the company that
are related to the longevity of JSPL’s business. In addition to leading the Business
Sustainability Division, the Chief Sustainability Officer is also part of the CEO’s office, and
also reports in to the Honourable Chairman for all issues related to JSPL’s social commitment.
This unique organization structure ensures that best practices are identified and rolled out
strategically in all critical aspects of JSPL’s business.
Collaborate – JSPL’s business sustainability is a cross functional
concept such that collaboration across the company is key towards ensuring its long term success. The
commitment to sustainability from the different business heads at JSPL is vital. Thereafter the
implementation of various best practices for long term success also relies on a deep and thorough
collaborative effort across the company.
JSPL’s corporate identity
Despite its large size JSPL is in essence a social enterprise. Led from the front by
its top management, the company has embedded social commitment into the DNA of its business model. At
its core, therefore, the company is committed to the ideal of nation-building through innovation,
which, in turn supports its growth and builds its resilience.
Evolution of JSPL’s business
Evolution of JSPL’s business and industry overview 2013-2014
JSPL’s Financial snapshot
| Component |
Data |
|
(on Standalone basis, for details please refer to Annual Report 13-14) |
| Direct Economic value generated (crore) |
| Gross revenues from operations |
16,324.46 |
| Net revenue from operations |
14,544.02 |
|
Economic value distributed (crore) |
| Major operating costs |
5477.37 |
| Employee wages and benefits |
552.32 |
| Payments to providers of capital |
1083.63 |
| Community Investment |
52.26 |
| Total capitalization (broken down in terms of debt and equity) (crore) |
| Net worth |
13,041.41 |
| Borrowings |
24,369.24 |
