Issue: #18 | October 2015

FOUNDATION DAY
SPECIAL EDITION

7 YEARS OF SUCCESS...
CELEBRATIONS WITH A CAUSE

In this issue:
Today's Knowledge Is
Tomorrow's Opportunity

Fiinovation Celebrates
7 Years of Excellence

Too many of them dying-A

lot needs to be done

Dissection of the Health

Sector in India

Fiinobservation of
International Days

www.inova on.co.in

From The

CEOs DESK

Fiinova on started its journey in 2007, with a team of four members aiming to provide quality and eec ve services in the
CSR and Sustainability domain that could change the socio-economics of the country. Mo vated by the objec ves and
devoted for a cause, the growth story of our organiza on came through dedica on and hard work that has been recognized
and appreciated in the social development sector. We have been able to create the linkages essen al for result-oriented
partnerships through in-depth research at groundwork. With years of work and a team of experts, we proudly developed
the Asia's First Proposal Research & Design Laboratory wherein research focuses primarily on four sectors: Health,
Educa on, Livelihood and Environment.
We have been also assis ng corpora ons on framing their CSR policies and programme implementa on to achieve their
objec ves with stakeholders in their respec ve work arena. We have been successful in bridging the gap between
businesses and communi es.
I feel overwhelmed by not only the recogni ons and awards that Fiinova on has gained interna onally and na onally, but
more so because of the lives that we have been able to touch by our work. The credit of these achievements goes to every
member of the Fiinova on family, who gives nothing less than 100 percent to the task in hand and treats every challenge as
a new opportunity to shine. As Fiinova on celebrates its 7th Founda on Day, with great pride and pleasure, I want to
congratulate each member of our organiza on. I dedicate this day to all the stakeholders who have contributed in every
possible way for the very success that we are able to nurture with our family on this given day.
Although, seven years have passed but each day starts afresh and mo vates/inspires us to broaden our opera onal
horizons and create new milestones of our success. Fiinova on takes pride in working with CSO's and other organisa ons
for making an impact on the lives of those who need help for a aining a be er standard of living. The path of development
of all is not easy but as they say, even the longest journey begins with a single step. Fiinova on also believes that small
eorts lead to great achievements. From the past seven years, our team of experts have been con nuously working in the
sectors of health, educa on, livelihood and environment, and have performed marvellously. The journey has been
tremendously sa sfying knowing that we have been able to make a dierence in these social sectors. As we grow, we look
towards addressing more challenges and overcoming them with ying colours.
Mr. Soumitro Chakraborty
CEO, Fiinovation (Innovative Financial Advisors Pvt. Ltd.)

TODAY'S KNOWLEDGE
IS TOMORROW'S
OPPORTUNITY

Fiinova on at 9th Interna onal Conference on Corporate Social

Responsibility
Awarded the "CSR Team of the Year "& "Caring company at World CSR
Day"
Launch of #PowerOfBangles Campaign
Fiinova on & Ins tute of Directors conference on 16th Environment
Management
Collabora on with CII for Webinar series on CSR & Arma ve Ac on &
Promo on of Social Enterprises
Mr. Soumitro Chakraborty CEO Fiinova on, empanelled on the
Advisory Council of World Sustainability Congress & World CSR Day
Mr. Soumitro Chakraborty , CEO, invited and empanelled as Commi ee
Member of the CII Northern Region: Regional Commi ee on
Arma ve Ac on
Fiinova on & IOD London Global Conven on 2015, UK

Knowledge partner for NGO box

Mobile site launch for instant update

Integrated solu on enabler in the CSR

domain
Web portal for instant project updates

Whistle blower in India for CSR

Fiinova on was founded with a team of four

members

8th Interna onal conference on CSR

"Best Innova on Product or Service "at Social Innova on Award
Fiinova on & Ins tute of Directors' path breaking partnership
Fiinova on & FKCCI at the face of the Companies Act, 2013
Fiinova on at 24th World Congress on Total Quality and Leadership
Fiinova on & IOD conference on Environment Management
EBA : Socrates Award 'Best Enterprise of the Year - in the eld of
Health, Educa on, Environment and Livelihood with a focus on CSR
& Sustainability', Oxford, UK
Fiinova on & IOD London Global Conven on, UK
Fiinova on at CII -'Bridging the Gap 2014'

1st research consultancy specialized in CSR

Asia's rst Proposal Research & Design lab"
Sector specic innova on in development

1st research consultancy specialized

in CSR

FIINOVATIONCelebrates

7 YEARS OF EXCELLENCE

September 30, 2015, New Delhi: On the occasion of its 7th Founda on Day, Fiinova on in associa on with Lions Blood Bank
successfully organised the annual blood dona on camp on 29th September, 2015 in Okhla , New Delhi. Third campaign of
the Blood dona on series comes close on the heels of the current dengue outbreak that has gripped the na onal capital
and meets the demand of the shortage observed. With the theme "Donate blood for a reason, let the reason be life," the
mo ve of Fiinova on was to address the acute and rising concern of dengue in its own way.
On the ini a ve, Mr. Soumitro Chakraborty - Founder & CEO, Fiinova on, said, "Elimina ng blood shortage is the need of
the hour. Even though we organise this campaign every year on our Founda on Day, this year it is although more required,
looking at the number of dengue cases reported so far. The company stands on the strong founda on of facilita ng services
to those who need it and this drive on our annual day is symbolic to our beliefs. It is the perfect tribute to the seven years of
the journey we have undertaken and are pleased that this small ini a ve will help save lives."
An overwhelming response to this noble ini a ve was observed, as people came forward volunteering to be a part of this
noble endeavour. More than 150 people par cipated in the ini a ve, mainly from organiza ons across Okhla, such as My
Dala, Madison, Leo Burne , Gla India, Nathealth, Snapdeal, Sonata Informa on Technology and Wygen Systems among
others. Mr. Chakraborty, ini ated the drive, followed by other volunteers. About 150 units of blood donated in one single
day, highligh ng the success of the campaign.
Since 2013, Fiinova on is organising Blood Dona on campaign on its Founda on Day. It was certainly a proud moment for
the blood donors to associate for such a noble cause which can transform lives and bring a change in the community.

imagine. believe. achieve.

TOO MANY OF THEM

DYINGA LOT NEEDS TO BE DONE

India is a young country that needs to build a founda on, which is strong and healthy. Access, infrastructure, aordability
and technology will be required to shape the road ahead for the healthcare sector in India. Healthcare has been one of the
core sectors of economic development for many countries across the world. Healthcare increases eciency and
produc vity of any economic market. With India set to seek economic expansion and popula on surge, this sector is likely
to be one of the largest and fastest growing ones.
It is also a value creator as it facilitates job opportuni es for millions across the globe. Investments in this sector will open
scope for addressing the challenges that it is facing today. Due to unavailability of aordable and right health care systems,
many people are dying. India's health care systems ranking is 112th, out of 190 countries as per the WHO reports, which is
alarming keeping in sight the development interven ons in India. There is a lot of scope for improvement, which can help
save millions of lives, including those, which are lost during epidemic outbreaks.
Despite millions of dollars spent, India is not able to tackle the rising deaths due to dengue, swine u, cholera, chikungunya,
malaria and other diseases. The recent dengue outbreak in the capital of the country has claimed 40 lives unocially, with
more than 9300 cases registered un l Oct 5th. India faces the challenge of dengue almost every year. In 2010, over 6,200
cases, only eight deaths were ocially reported. Un l October 3rd, 2014, cases registered were 120, while in 2013 it was
2,557. In 2012, nearly 100 dengue cases, while 2011 saw 283 dengue cases in the same period. Other outbreaks such as
Jaundice in Odisha and Gujarat, and Swine Flu in Gujarat and Rajasthan have also claimed thousands of lives.
The major concern is the lack of healthcare funding from government, global groups and other sources, which is inhibi ng
long-term behavioural changes, among both people and the health care sector whereby increasing the chances of repeated
outbreaks of epidemics. In this crucial stage, there is a window of opportunity for corpora ons under their CSR strategy to
collaborate with organiza ons and individuals in building a healthier India. As per NRHM Mission Director Anuradha Gupta,
private players must come out of their comfort zone and reach out to remote areas with healthcare programmes through
eec ve public-private partnerships (PPP). India carries 20% of the world's disease burden, as per WHO, and it will require
support by the corpora ons in healthcare programmes. This would require making healthcare accessible, at aordable
price, available in the far corners of the country, incorpora ng all the technological advancements and establishing
adequate infrastructure. Partnerships with civil society, training skilled manpower and providing funds for health
programmes will surely help improve the ground situa on. Though CSR funds will not be enough to build the infrastructure
required, the CSR funding can be u lised towards research, awareness and building technologically advanced medical
devices to deliver healthcare in a portable, convenient and cost-eec ve way. Therefore, the bo om line is, if a corpora on
considers healthcare as their CSR strategy and builds a systema c approach to any issue, it will do a lot for the country,
people and resources in the future.
-Rahul Choudhury

DISSECTION OF THE HEALTH

SECTOR IN INDIA
The Indian healthcare sector is to reach $280 billion by 2020 with a compound annual growth rate of 22.9 percent. The
major contributors to this growth is the rise in income levels, greater health awareness, increased precedence of lifestyle
diseases and epidemics and improved access to insurance. Healthcare is one of the largest sectors in India both in terms
of revenue and employment, with its competitive advantage lying in its vast pool of well-trained medical professionals.
There are around 6.6 lakh doctors in India and it requires about 4 lakh more by 2020 to meet the desired target of one doctor
per 1000 people.

Healthcare sector - growth trend

(US$ billion)

Market Size

Indian healthcare market is worth US$ 100 billion

and is expected to grow to US$ 280 billion by
2020
The Indian medical tourism industry is pegged at
US$ 3 billion per annum, with tourist arrivals
estimated at 230,000
The average investment size by private equity
funds in healthcare chains has already increased
to US$ 20-30 million

300
240

280

R: 17

CAG

180
120
60
0

45

2008

160

68.4

81.3

59.5

72.8

51.7

2009

2010

2011

2012

2014

2017F

2020F

India requires 600,000 to 700,000 additional beds

over the next ve to six years, indicative of an
investment opportunity of US$ 25-30 billion

Per capita healthcare expenditure is estimated at a CAGR of 11.3 per cent during FY 200815 to US$ 91 billion by 2015

Source: Frost & Sullivan, LSI Financial Services, Deloitte, TechSci

Research Notes: E Estimate, F - Forecast

Major Initiatives - Public & Private

Apollo Hospitals Enterprise (AHEL) plans to add another 2,000 beds over the next two nancial years, at a cost of around
US$ 225.28 million

The E-health initiative, which is a part of Digital India drive, aims at providing effective and economical healthcare
services to all citizens

Chinese online giant Tencent has made its debut in India by leading a Rs 573-crore ($90-million) investment round in
Practo (valued at $525 million), an Internet-based service to schedule appointments with doctors

The allocation of Rs 33,150 crore for the healthcare sector is similar to the outlay in previous budgets by the Government
of India

CDC, a UK based development nance institution, invested US$ 48 million in Narayana Hrudayalaya, a multi-speciality
healthcare provider

India has received an aggregate of $377.3 billion in FDI from April 2000 to May 2015

In the second phase of Mission Indradhanush, 352 districts have been selected including 279 mid priority districts, 33
from the North East states and 40 districts from phase one where large number of missed out children were detected. In
the rst phase 2 crore vaccines were administered to the children and pregnant women

INVESTMENT *

26 463

DEALS INVESTMENT *

45 1262

2013

DEALS

2012

2011

Steadily Increasing (PE/VC investment in health care)

DEALS INVESTMENT *

71 1359
*

Figures In $mn; Source Bain & Company

TWEETS OF THE MONTH

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Food for Thought...

Hear the Inuencers Speak...

Guidelines to Article 8 of the WHO Framework Convention on

Tobacco Control state that there is no safe level of exposure
to tobacco smoke. Creating 100% smoke-free environments
is the only way to protect people from the harmful effects of
second-hand tobacco smoke.

"In countries around the world, waistlines are expanding so

rapidly that health experts recently coined a term for the
epidemic: globesity."

Health ministry claims that there are about 6-6.5 lakh doctors
available. However, India would need about four lakh more by
2020 to maintain the required ratio of one doctor per 1,000
people.

80% of health apps are abandoned within two weeks.

WHO estimates that, in India, water-borne diseases affect

about 38 million people every year, out of which over 75% are
children; 780,000 deaths are attributable to contaminated
water and more than 400,000 because of diarrhea alone.
In India, even today, one person dies every two minutes due to
TB. It is the second biggest killer after HIV/AIDS worldwide.
According to WHO, mortality rate due to cardiovascular
diseases has decreased by 60% in Japan and Finland, 50% in
the US, and 25% in Canada and Australia, but by 2015,
mortality rate due to cardiac ailments will increase by 100 per
cent in India.
According to current estimates, India will soon have the
highest number of cases of cardiovascular disease in the
world and estimated to account for 35.9% deaths by the year
2030.

- Laurie CunninghamSouth Africa

- Marco Della Torre

"Health is a state of complete physical, mental and social

well-being, and not merely the absence of disease or
inrmity
- World Health Organization, 1948

[In India] we covered 130 million children by way of special

campaigns against measles, focusing on those we were
constantly missing in the past and the results surprised us
that is the amazing power of vaccines.
- Anuradha Gupta, Deputy CEO, Gavi, the Vaccine Alliance

You treat a disease: You win, you lose. You treat a person, I
guarantee you win - no matter the outcome.
- Patch Adams

Fiinobservation of International Days

The International Day of
Girl Child

International Day for

Disaster Reduction

11 October

13 October

From female foeticide, ignoring the girl

child, to motivating them to full their
dreams, today, the Indian society,
through conscious efforts of the
government, private organizations and
more informed parents, has been
working towards transforming the
orthodox mindsets. This includes
entailing them with best of health care,
education, food, etc as is enjoyed by
their opposite gender. However, on
analyzing the DISE data 2014-15,
Fiinovation reviewed that as a girl child
advances in her life, a few of them also
drop out from school due to increased
responsibilities. Deliberate and
conscious effort towards fullling the
dreams of a girl child shall help and
take us a step closer to attaining the
sustainable development goals.
The United Nations General Assembly
on December 19, 2011 declared
October 11, as the International Day
for the Girl Child, with an aim to
recognize the girls rights and the
challenges faced by them across the
globe. The introduction of SDGs this
year by the global community is a
suitable time to acknowledge and
recognize the achievements of the
young girls in India. Their achievement
is undeniable to obtain the mentioned

Every year the world is struck by a

natural disaster that claims thousands
of lives and leaves millions homeless.
Despite, all the efforts, scientic
knowledge, preparedness and risk
reduction measures, the world has not
been able to save lives and rehabilitate
people. The devastation due to the
natural disasters such as droughts,
oods, earthquakes, anthropogenic
activities add to other adverse
miseries which result in a catastrophe.
Natural disasters, majority of which
are exacerbated by climate change,
have a negative impact on investment
in sustainable development and the
desired outcomes.
The International Day for Disaster
Reduction has been observed every
year on 22nd December since 1989
after UNGA passed a resolution to
promote global awareness for
preventive measures for disasters
including mitigation and
preparedness. In 2009, the UNGA
passed a resolution and designated
13th October every year to be asserted
as International Day for Disaster
Reduction. This year the theme for the
day is Knowledge for Life Focussing
on the use of traditional, indigenous
and local knowledge.

Hand Washing Day

15 October

The United Nations General Assembly

observed 2008 as the year of
sanitation and declared 15th October
as the Global Hand Washing Day to
be celebrated every year. In India
3,3400 children die under the age of
ve due to the same diarrheal disease,
which could have been prevented if
good hygiene standards were
maintained. Hand hygiene plays a vital
role in ensuring a good health, nearly
80 percent of the communicable
diseases spread by touch and if hand
hygiene is practiced properly one can
easily avoid large number of
infections. Touch is not only limited to
coming in contact with another
person, objects but also performing
various activities, like eating without
proper clean hands, touching eyes,
nose and other body parts, that maybe
vulnerable if proper hygiene care are
not taken with care.
As they say prevention is better than
cure, it is important for the people to
understand and embed good hygiene
practices in daily life. The kids should
be told the importance of washing
their hands and the habit of good
hygiene should be developed in them
from a very early age.

About Fiinovation
Fiinovation, a research based organization, is an integrated solution enabler in the CSR and sustainability domain. It is
focused towards enhancing quality across organizational value chain through meaningful innovation thereby ensuring
sustainability. It is Asia's rst proposal research laboratory wherein research is focused primarily on four sectors, which
include health, education, livelihood and environment. The practices CSR Portfolio Management (CPM), CSR-CSO
Partnership, Initiative Design, Initiative Management, Monitoring and Evaluation, Impact Assessment and Sustainability
Reporting help provide simple solutions to their partners.
Fiinovation
24/30, Ground Floor, Okhla Industrial Estate, Phase III, New Delhi - 110020
Phone: 011-42332200 | Fax : 011-42332205
website: www.inovation.co.in | Email: media@inovation.co.in