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Legacy
Much before the concept of Corporate Social Responsibility had evolved into its
present form, Atul Ltd (Atul) has been engaged in serving the society with diverse
initiatives related to education, empowerment, health, relief, infrastructure and
conservation. Kasturbhai Lalbhai, the Founder of Atul and an Indian legend, ensured
complete commitment to community development and welfare in every company he
established. The primary reason for the establishment of Atul was to generate large-
scale employment and consequently improve the standard of living in rural India.
His passion to give back to the society was reflected in his daily schedule; he spent
half a day on growing businesses while the other half was dedicated solely to social
service. He appointed Balwantrai Mazumdar, an economist and Siddharth Lalbhai, his
elder son and a chemical engineer, to develop Atul, both of whom continued with the
fine legacy.
In 1978, Siddharth Lalbhai laid the foundation of Atul Rural Development Fund in an
endeavour to further the rich legacy of his father and bring focus to rural development
initiatives undertaken by Atul. He personally oversaw these initiatives which were
being implemented and took keen interest in consistently improving their quality,
variety and impact.
Over the years, with an increase in the number and scope of various initiatives related
to serving the society, Atul Foundation was established in 2010 as an umbrella trust
of Atul.