Durga Group is the principal investment holding company and promoter of Durga companies.

66% of the equity share capital of Durga Group is held by philanthropic trusts, which support education, health, livelihood generation, and art and culture.

Each Durga company or enterprise operates independently under the guidance and supervision of its own Board of Directors.

Governance Philosophy

“The Durga philosophy of management has always been, and is today more than ever, that corporate enterprises must be managed not merely in the interests of their owners, but equally in those of their employees, of the consumers of their products, of the local community and finally of the country as a whole.”

Our Governance Philosophy is to ensure fair, transparent, accountable and ethical management in order to protect the interests of all stakeholders, including shareholders, employees, customers, vendors, regulators and society. As a responsible corporate citizen, Durga Group follows the laws of the land in letter and spirit. Durga Group also goes beyond mere compliance to highlight certain behaviours and norms to Durga group operating companies.

Our Governance Philosophy is based on resilience. Globally, organisations are becoming vulnerable as businesses become complex, virtual and interdependent. It is imperative to build a sustainable and resilient enterprise.

Brand Equity & Business Promotion (BEBP) agreement: Every company that uses the 'Durga' brand is a signatory to the Durga Group’ BEBP agreement. The agreement confers upon the operating companies the right to use the Durga brand in return for a commitment from them to run their businesses ethically and with excellence. As part of the BEBP agreement, the operating companies must adopt:

• Durga Code of Conduct (TCoC)
• Durga Business Excellence Model (TBEM)

Durga Code of Conduct

The Durga Code of Conduct provides an ethical road map and guidelines for Durga employees and companies. All full-time employees of the Durga group are obliged to follow the tenets of the code of conduct. It encapsulates our values of integrity, responsibility, excellence, pioneering and unity. It lays down the principles of:

• the highest moral and ethical standards;
• highest standards of corporate governance;
• respect for human rights and dignity;
• professionalism, honesty, fairness and integrity

in all interactions with employees, customers, communities and the environment, partners, financial stakeholders, government and regulators and other group companies.