Akshaya Patra gets award for excellence in financial reporting

Madu Pandit Dasa (left), Chairman, Akshaya Patra, and Chanchalapati Dasa, Vice-Chairman, Akshaya Patra, displaying the award.

The Akshaya Patra Foundation has been awarded the Gold Shield and Hall of Fame by the Institute of Chartered Accountants of India (ICAI) for Excellence in Financial Reporting for the year 2012-13.

The foundation has been awarded under the Category XI Not-for-Profit Sector.

Manish Tiwari, Union Minister of State for Information and Broadcasting, and Justice G.S. Sistani, Judge, Delhi High Court, presented the award at a function held in New Delhi.

This is the fifth consecutive year Akshaya Patra has won the Gold Shield and is in the Hall of Fame now. Hall of Fame is awarded to an entity who has been a winner of Gold Shield for five consecutive years under the same category.

Since inception (1958) of this award, only two organisations have won the Hall of Fame and in the Not-for-Profit sector, Akshaya Patra is the first NGO to receive the Hall of Fame.

Madhu Pandit Dasa, Chairman, The Akshaya Patra Foundation, said: “The Governance philosophy of Akshaya Patra Foundation refers to a set of regulations and good practices that enabled us to maintain transparency, accountability and create value for all our stakeholders. We had and we will continue to adhere to the world-class accounting standards and norms.”

Akshaya Patra receives Rs 55 cr from Tata Trust

A Memorandum of Understanding has been signed between Akshaya Patra and Jamsetji Tata Trust

The has received a grant of Rs 55 crore over a period of five years from the Jamsetji Tata Trust.

A Memorandum of Understanding (MOU) has been signed between Akshaya Patra and Jamsetji Tata Trust.

The initiative will focus on providing support to and upgrade existing kitchens, acquisition of logistic equipment, including vehicles, reducing cooking to consumption time, mounting ‘green initiatives’, enhancing food safety measures and achieving process efficiencies.

In a public-private partnership with the Government of India, Akshaya Patra serves over 1.3 million children in nine states, across 19 locations in India regularly with a mission to serve five million children by 2020.

The kitchen facility (the centralised-model kitchen) can provide meals ranging from 50,000 – 150,000 meals per day.

Akshaya Patra also has a de-centralised kitchen model to reach remote areas.

“The mission of Akshaya Patra is to reach 5 million children by 2020. This initiative will empower us to take a few steps towards our goal. We are grateful to the for having seen value in associating with our programme,” said Madhu Pandit Dasa, Chairman, Akshaya Patra Foundation.

The Jamsetji Tata Trust is one of the oldest philanthropic institutions in India and has played a role in changing traditional ideas of charity.

The Akshaya Patra Foundation a secular non-profit organization is in a public-private partnership with the Indian government, which implements the world’s largest managed mid-day meal programme. Akshaya Patra feeds about 1.3 million children on all school working days.