We bring together stakeholders committed to co-creating social and environmental impact by developing new growth models, enabling scale, and empowering today's and tomorrow’s leaders.
Vikaasa has co-curated over 40 projects across energy, waste management, sustainable livelihood, and healthcare access positively impacting over 1.5 million people.
Launched in 2017 with the support of its founding partners from leading global and Indian businesses, Vikaasa focuses on four thematic areas (impact tracks) supported by cross-cutting verticals.
Our partners, across four impact tracks include Hindalco, an Aditya Birla Group company; Cyient; Hindustan Unilever Limited; Shell; State Bank of India; Tata Trusts; Technip Energies and WPP.
The coalition is governed by an Executive Committee, chaired by Mr Sanjiv Mehta and supported by an Advisory Board, led by Mrs Rajashree Birla.
Our theory of change
Vikaasa embarked upon five core activities at the onset, which defines the ‘Theory of Change’. It is both seamless and inter-connected, in that the outputs of one activity become input into another.
- Build the tribe - Create an ecosystem to bring together stakeholders invested in social impact
- Shared narrative - Drive engagement around the mission and purpose of the coalition and its activities
- Engage talent pool - Empower future leaders to be drivers of commercial collaboration across sectors
- Project development - Co-create and scale commercially viable collaborative and transformative projects
- Funding for impact - Facilitate transformative partnerships and create blended capital models for accelerating development
Vikaasa's partners came together in Mumbai in April to celebrate five years of people and planet-positive impact.
‘Pioneering Good Growth in India’ tells the story of Vikaasa’s mission of collaboration with forward-thinking businesses to create real world people and planet-positive impact. The stories told and captured here are only a snapshot of the effort, engagement, positivity and impact that our coalition and the people involved have brought to our endeveours.
Watch our video and learn more via the link below.
Tackling India's most pressing challenges
Vikaasa has four key thematic areas, each supported by cross-cutting verticals focused on funding for impact and shared narrative development. The coalition is pursuing three ambitions and three goals that address seven of the United Nations Sustainable Development Goals.
Waste to value
Led by Hindustan Unilever and supported by SBI Foundation
The Waste to Value impact track aims to transform the way Indian businesses think about packaging waste by establishing sustainable end-to-end waste management models focusing on circularity.
Led by Cyient
The Healthcare impact track aims at democratising access to healthcare by leveraging the power of technology and ensure that high-quality healthcare solutions reach people across India.
Led by Shell and Technip Energies
The Energise impact track curates scalable, systemic changes to accelerate the availability and utilisation of sustainable energy and efficiency solutions to support India’s transition goals.
Led by Hindalco
The Sustainable Mining impact track aims to develop future-ready business models that demonstrate balance between social and environmental factors, and sound economic considerations for the development of mining areas in India.
Left to turn the tide on the climate emergency
Loss due to climate disasters in 2021 in India
Lives lost annually due to insufficient healthcare access
From finding and scaling ways to improve access to innovative health solutions, to championing artisans and their financial independence - our projects are generating positive impact for communities, businesses, the environment and individuals.
Working to bring holistic multi-sectoral development to rural communities in India with market-driven interventions through the Stages of Development (SOD) Framework.
The SOD Framework is a data-driven tool that helps public and private sector players pursue synergistic action with greater impact.
Project Tej Alliance
In resource-constrained settings, health technological interventions can help achieve more with less. Yet, barriers to speedy validation and implementation of technologies from start-ups can be complex, time-consuming and financially draining.
Cyient saw the opportunity to overcome the well-established barriers start-ups face by fostering linkages to hospitals for clinical validation and real-world evidence generation.
Supporting traditional industries
Textile reeling and weaving is a traditional artform in many parts of India. But, in recent decades, artisans have moved moving away from this industry due to certain value chain challenges.
A mining powerhouse in India approached Xynteo for help in creating a positive impact in the communities they are a part of, recognising that unlocking barriers across the value chain could be transformative at creating jobs, securing livelihoods and preserving traditional crafts.
Tackling plastic waste circularity
India generates 9.5 million tonnes of plastic waste every year, with 45% remaining uncollected and littered. Lack of robust collection infrastructure, difficulties in sorting, and limited financing to develop last mile recycling have challenged resolving this issue.
Working with key partners, Xynteo's Vikaasa coalition developed a scalable intervention model to tackle this challenge while supporting the Government's Clean India Mission on plastic waste circularity.
The optimistic hope is to have India grow at 10% per year, but the quality of this growth has to be sustainable and inclusive. For this, the government and private sector need to work together.
Chairperson, The Aditya Birla Centre for Community Initiatives and Rural Development; Chair, Vikaasa Advisory Board
I believe that businesses have a significant role to play in achieving a new, more sustainable and inclusive growth model for the future.
CEO and Managing Director, Hindustan Unilever
When preaching gets converted into positive action and you become part of an initiative, that’s when change comes. This (Vikaasa coalition) is a noble initiative.
Former Chairman, State Bank of India
I think it is a great idea that the best companies in India are using their talent, knowledge, managerial abilities and resources to address some of the social challenges in the country.
Member of Parliament and Former Minister of Commerce & Industry and Civil Aviation, Government of India