On 30th September 2011, Aavishkaar released its second Annual Social and Environment Performance Report 2011. The report was launched at the company’s Annual Investor and Entrepreneur Meet that took place in Mumbai on 30th September 2011, by three of Aavishkaar’s earliest Investment Committee Members – Mr. Vijay Mahajan, Mr. Arun Diaz and Mr. Praveen Gandhi.
Speaking on the occasion, Mr. Vineet Rai, Managing Director of Aavishkaar Venture Management Services said “We have always been wary of seeking credit for the work done by other agencies including the entrepreneurs we support, as their leadership and vision far outweigh our contribution in building the impact that their businesses make. We believe that social entrepreneurs and impact investing have a role to play in addressing poverty reduction, but it is difficult, if not impossible, to arrive at a direct relationship between impact investing and poverty alleviation till more work has been done in this space”
The report covers impact of Aavishkaar India Micro Venture Capital Fund’s investment portfolio. It combines quantitative data with real stories on ground in an earnest attempt to capture and share with readers, some of the benefits that Aavishkaar’s investments have been generating for disadvantaged communities all over the country.