SBICAP Trustee Co Ltd. and Akshaya Patra Collaborate to Undertake Food Relief in Maharashtra

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Through the collaborative efforts of the two entities, 53,333 meal packets were SBICAP distributed among vulnerable populations in Pune and Thane

India, October 22nd, 2021: SBICAP Trustee Co Ltd. and The Akshaya Patra Foundation collaborated to undertake COVID-19 relief feeding in Maharashtra. Through this endeavour, both the organisations strive to reach out to vulnerable populations, such as daily wagers, rough sleepers, migrant workers, etc., in these times of adversity. Over 53,333 packets of cooked meals were distributed in Pune and Thane between June and August 2021 as a part of this collaboration.

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Acknowledging the support, Mr Sundeep Talwar, CMO, Akshaya Patra, said, “We are immensely grateful to SBICAP Trustee Co Ltd., for supporting our food relief initiative in Maharashtra. Their support enabled us to serve over 53,000 meals to people from vulnerable communities in Thane and Pune. We have always believed in the need for collective efforts during such difficult times. We are glad that we share this belief with SBICAP Trustee Co Ltd.” He further added, “I also want to thank the Government of Maharashtra and the Ministry of Education (MoE), Government of India, for placing their trust and confidence in the Foundation’s service over the years and providing us the opportunity to serve people during the COVID-19 pandemic.”

As of 15 October, 2021, Akshaya Patra has cumulatively served over 19.1 crore meals to vulnerable populations across 20 states and one UT. These include cooked meals, food relief kits with essential groceries for 42/28 meal servings, Happiness Kits with dry ration for 20 meal servings, hygiene products and educational supplies, and Family Happiness Kits with essential groceries for 120 meal servings.

About The Akshaya Patra Foundation

The Akshaya Patra Foundation is a not-for-profit organisation that strives to address classroom hunger and malnutrition in India. By implementing the Mid-Day Meal Scheme in Government and Government-aided schools, Akshaya Patra aims to fight hunger and, at the same time, bring children to school. Since 2000, Akshaya Patra has worked towards reaching out to children with wholesome food every single school day. The Foundation is continuously leveraging technology to cater to millions of children. Its state-of-the-art kitchens have become a subject of study and attract curious visitors from around the world.

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In partnership with the Government of India and various State Governments and the inestimable support of many philanthropic donors and well-wishers, Akshaya Patra has grown from humble beginnings serving just 1,500 school children across five schools to becoming the world’s largest (not-for-profit run) mid-day meal programme, serving wholesome food to over 1.8 million children from 19,039 schools across 13 states and one union territory in India.

About SBICAP Trustee Co Ltd.

SBICAP Trustee Company Ltd (STCL) is a wholly owned subsidiary of SBI Capital Markets Ltd (SBICAP), started its operation w.e.f. October 1, 2008.

STCL is engaged in providing trusteeship services to the financial market players in India. It has pan India presence and operates from Mumbai and six branches located in New Delhi, Ahmedabad, Hyderabad, Bengaluru, Chennai and Kolkata.

While it acts as Security Trustee to the Lenders for Corporate and Project Finance Loans, it performs the role of a Debenture Trustee for the Debentures / Bonds issued by Corporates. It is registered with SEBI as a Debenture Trustee. STCL also provides other related services like Share Pledge Trustee, Escrow Trustee, Trustee for Will Management etc.

STCL has extended Trusteeship Services for AIF and InvITs during the year 2021 – 22 and recently introduced new products viz. Document Management System (DMS), Virtual Data Room (VDR), Facility Agency Services, Securitization Trusteeship and Ancillary Services to mainly cater to the requirements of Banks, NBFCs and ARCs.

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