Aspero’s CSR Initiatives Bolster Education and Chennai’s Tech Hub Ambitions
Aspero, a leading SEBI-registered Online Bond Provider Platform (OBPP), and the investment arm of the Yubi Group, has announced the significant contributions made by the company towards social welfare and community development in the financial year 2023-24. Rooted in its core values of fostering human potential and empowering communities, the company has taken bold steps toward building a better tomorrow for all.
In a remarkable display of commitment, the company allocated a generous sum of ₹55.7 lakhs towards various CSR endeavors, underscoring its dedication to making a tangible difference in people’s lives. Among the key beneficiaries of the company’s philanthropic efforts are prestigious institutions and grassroots organizations, each aligned with the company’s overarching mission and values.
Commenting on this development, Gaurav Kumar, Managing Director of Aspero – A Yubi Group Company, said, “As we embark on this journey, it is with a deep sense of pride and gratitude that we choose to commence our CSR endeavors in Chennai. Having been founded in Chennai, Yubi has flourished under the nurturing embrace of this vibrant community. Now, as we step forward to give back, these initiatives signify the genesis of the company’s commitment to establishing the Yubi Foundation. visioned as a beacon of hope and empowerment for communities across India, our strategic focus on economic empowerment, social equality, poverty alleviation, and community development underscores our dedication to creating sustainable impact in alignment with our core values and societal responsibilities.”
A significant portion of the company’s CSR allocation was directed towards bolstering educational opportunities and fostering innovation. Partnering with IIT Madras, Aspero has contributed ₹45 lakhs towards establishing an Aspero Endowment Fund. This scholarship, aimed at supporting students facing financial constraints, will provide comprehensive financial assistance to three deserving individuals enrolled for B.Tech over the next 20 years, ensuring access to quality education and fostering future leaders.
In addition to its collaboration with academic institutions, Aspero extended its support to grassroots initiatives aimed at bridging educational disparities and empowering marginalized communities. With a donation of ₹10.24 lakhs to Sevabharathi, Aspero is contributing towards the establishment of an education center in a Chennai slum, thereby providing underprivileged students with access to quality learning resources and a level playing field for their future endeavors.
Demonstrating its commitment to social welfare beyond educational realms, Aspero also made a modest yet meaningful contribution of ₹46,000 to the Prime Minister’s National Relief Fund, honoring exceptional efforts in disaster relief and humanitarian aid over the years.
Aspero’s CSR initiatives reflect its unwavering commitment to driving positive change and fostering inclusive growth. By investing in education, innovation, and community development, Aspero is laying the foundation for a brighter and more equitable future for all.
About Aspero:
Aspero (regd. CredAvenue Securities Private Limited) is a SEBI-registered OBPP that offers an easy-to-use, fast, and secure interface for retail investors and wealth partners. It allows users to discover and trade in multiple listed bonds across various rating categories. Through deep integration with exchange platforms for settlement and rich insights on issuers across sectors, the platform offers a thoroughly vetted selection of bonds and caters to all investor requirements throughout the investment lifecycle (from the stage of evaluation to transaction maturity).
