MAM
LIC partners with Lotus Petal Foundation for sustainable development
Mumbai: Life Insurance Corporation of India (LIC) has partnered with Lotus Petal Foundation, a Gurugram-based NGO, to advance sustainable development and enhance quality education. Supported by the LIC Golden Jubilee Foundation, this collaboration has funded the installation of a 45 KW solar power system at the foundation’s 5-acre Education & Skill Development campus, which aims to educate 10,000 underserved children under one roof, making it one of India’s largest philanthropic schools.
The solar installation reflects LIC’s commitment to environmental responsibility by reducing the campus’s carbon footprint and energy costs. This initiative serves as a benchmark for institutions implementing green energy solutions, creating a sustainable and eco-friendly learning environment for students.
LIC India’s regional manager Manoj Atrishi emphasised the importance of sustainability:”LIC is honored to be part of this transformative journey and support a place like this which will become one of India’s largest philanthropic schools. We believe that by experiencing the benefits of clean energy, students will be inspired to build a greener future.”
Lotus Petal Foundation founder and managing trustee, Kushal Raj Chakravarty expressed gratitude:
“We are deeply grateful to LIC for their support in this critical phase of our journey,” he said. “The installation of solar panels is not just an investment in renewable energy; it is an investment in creating a sustainable and environmentally conscious campus where students can learn and thrive.”
Brands
Safex Group appoints Richa Malhotra as group chief financial officer
Former Standard Chartered executive to steer finance
NEW DELHI: Safex Chemicals has appointed Richa Malhotra as group chief financial officer, strengthening its leadership team as the company prepares for the next phase of expansion in specialty chemicals and global agrochemicals.
In her new role, Malhotra will lead the group’s financial strategy, capital architecture and governance framework as Safex scales operations across multiple verticals including branded formulations, specialty chemicals and contract manufacturing.
A chartered accountant and graduate of Shri Ram College of Commerce, University of Delhi, Malhotra brings more than two decades of experience in business finance, strategic planning, corporate banking and client management.
Before joining Safex, she served as executive director, financial markets at Standard Chartered, where she led teams across India and Sri Lanka and worked closely with large corporates, global subsidiaries and commercial banking clients. Her expertise includes capital structuring, treasury operations, risk management and financial markets led financing solutions.
Safex Group promoter director and joint managing director Piyush Jindal, said the appointment comes at a pivotal time for the company. “Safex stands at an inflection point as we build an integrated platform across branded formulations, specialty chemicals and contract manufacturing. Richa’s experience across global financial institutions will strengthen our financial discipline and help unlock value across the group,” he said.
Malhotra said she was looking forward to contributing to the company’s next chapter of growth. “Safex has built a strong reputation over 35 years with its focus on integrity, innovation and agricultural insight. I am excited to be part of the organisation as it expands its footprint in India and global markets,” she said.
The appointment comes as Safex continues to strengthen its financial foundations and scale operations internationally, positioning itself for future growth milestones.
