US-based IT services major Cognizant on Tuesday announced a commitment of $40 million (Rs 260 crore) to help residents, its employees and business partners in Chennai with relief and rehabilitation in the aftermath of recent flooding.
The company will provide $10 million (Rs 65 crore) in direct grants to assist public in Chennai, up to $30 million (Rs 195 crore) in grants and loans earmarked to assist employees and business partners.
Cognizant, one of Chennai’s largest employers with more than 60,000 employees and 11 facilities, will take a multi-pronged approach to support relief and longer-term rehabilitation measures in the city.
The $10 million (R65 crore) of funding is targeted to help the residents of Chennai through direct grants to the Tamil Nadu chief minister’s Public Relief Fund, direct grants to NGOs, including AmeriCares India, and other charitable and relief organisations providing healthcare, housing and other support in the city and direct health initiatives and other community programmes to help prevent the spread of disease and assist in the rebuilding of communities within Chennai.
In addition, Cognizant has committed $30 million (R195 crore) to assist with the immediate and longer-term recovery needs of its employees and business partners through grants and loans to employees, as well as other individuals who support Cognizant’s Chennai operations, dedicated healthcare teams to provide medical care to employees and business partners.