Financial Daily from THE HINDU group of publications
Thursday, Oct 02, 2003

Port Info

Group Sites

Corporate - Society & Development

Herbalife lends a helping hand

Our Bureau

Bangalore , Oct. 1

MARK Hughes, the founder of Herbalife International, grew up in a troubled environment, which made him realise the value of a `helping hand' in childhood.

In 1994, he initiated the Herbalife Family Foundation (HFF) to provide financial assistance to charitable organisations and funds dedicated to helping `at-risk' children everywhere. HFF was set up with an initial endowment of $8 million from Hughes' personal Herbalife stock.

In India, HFF started working on corporate social responsibility projects from 1999. According to Mr Mr Manoj Shirodkar, Country Director, Herbalife International India Pvt Ltd, "We wanted to work with an organisation that practices transparency in the usage of funds and has an interest in children's upbringing. The SOS Children's Village in Bangalore fulfilled both the requirements."

Thus, for four years now, Herbalife has been donating a house to the SOS village. "The first three years we sponsored houses in their Bangalore village. Last year, as we had just set an office in Calcutta, we donated a house there." Each house costs about Rs 15 lakh.

Article E-Mail :: Comment :: Syndication

Stories in this Section
Natco Pharma to cash in on R&D successes

GMR Tech gets extension for AGM
Agilent Tech sees scope in food, drugs
USFDA nod for Lupin's Ceftriaxone
BHEL export order booking at Rs 1,455 cr
ABB to supply rectifier systems for Sterlite group
Lockout at HLL unit lifted
Bata to shift marketing base to Delhi
Asahi to delist shares
Havells board meet
ONGC employee's prolonged suspension justified, says Madras HC
MMTC net up 35% at Rs 25 cr
Indian Hotels to make fresh foray into US
Emcure setting up new formulation facility
India Today enters into licensing pact with Reader's Digest
Herbalife lends a helping hand
Certification for pharma co
Sick cos in IDBI, IFCI portfolio up
BIFR issues show-cause notice for winding up IDPL
It's curtains for Hind Antibiotics?
Shareholders give approval to take PHIL Corpn to BIFR
NGEF to make Rs 30-cr retirement settlement
Post-Valtra, PTL... M&M `mission' still on
Slew of domestic launches planned — ITC Foods to tickle overseas palates
D-Link sees $200-m revenue from India
Jindal Photo eyes Rs 500-cr turnover
Satnam Overseas eyes higher basmati exports
Bajaj Auto two, 3-wheeler sales up 18 pc in Sept
Maruti sells more in September
Hyundai sales increase 53 pc
Hero Honda sales up
Gopala Rao is new CMD of BEL

The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |

Copyright 2003, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line