Palladium Group, AP Globale create joint venture
This is a coming together of two companies with very similar ideologies and purpose. The two forces combine to create a shared value for all our stakeholders and deliver results that bring change to people’s lives. I believe that the timing is right for India to discover the power of being great by doing good.
— Abhijit Pawar, (Chairman of AP Globale)
Mumbai: Palladium and AP Globale have created a joint venture in India to implement their shared vision of delivering positive social and economic impact in the country and to do so at a greater scale.
By joining forces, the organisations bring together their local knowledge and networks and a dedication to innovations in
Abhijit Pawar, Chairman of AP Globale, said, “This is a coming together of two companies with very similar ideologies and purpose. The two forces combine to create a shared value for all our stakeholders and deliver results that bring change to people’s lives. I believe that the timing is right for India to discover the power of being great by doing good.”
Barbora Stankovicova, Country Director - Palladium India, said, “I’m really pleased that Palladium and AP Globale will be working side by side in India. Palladium has done a lot of development work in the country already, and by joining forces with AP Globale, we can truly increase the positive impact we make.”
Palladium is focused on delivering positive impact - the intentional creation of enduring social and economic value. Palladium works with corporations, governments, foundations, investors, communities and civil society to formulate strategies and implement solutions that generate lasting social, environmental and financial benefits.
By partnering with AP Globale, Palladium is bringing in the capabilities of DCF Advisory Services, which has the ability to reach people and mobilise them for action even in the most remote areas, as evidenced by executing various citizen engagement programmes in Maharashtra for city and State government as well as corporate houses.
Palladium India, as the joint venture will be known, will work with its stakeholders to tackle the needs of communities across the country and identify sustainable solutions to meet these needs. Palladium India will also support corporates to ‘grow profits while doing good’, in other words, to help achieve ‘return on investment with dignity’.
Palladium and AP Globale actively invest in new ways of bringing about positive impact, moving beyond traditional development approaches, and they will continue to do so
together in India.
Offering services in India
Palladium recently designed and will now implement the world’s first health-focused development impact bond (DIB), which aims to reduce mother and baby deaths in Rajasthan, India.
Palladium was able to design the DIB due to its multi-decade experience of managing health programmes across 10 states of India. Palladium India will leverage Palladium’s global experience, primarily in the domains of health, economic growth, governance and strategy execution and offer these services to India.
DCF Advisory Services has worked with city and state transformation office services using boardroom to grassroots model, delivering socio-economic change through systemised programmes that are fast and result-oriented on a three or five-year timeline, yet intense and large scale to ensure last-mile impact.
The Delivering Change Foundation employed DCF Advisory Services and Performance Management and Delivery Unit (PEMANDU) to execute the ‘Water For All Initiative’, which was a programme aimed at making Maharashtra drought-free.
The Government of Maharashtra included 14 of the 32 identified initiatives of the ‘Water For All Initiative’ into their flagship project called the ‘Jalyukt Shivar Abhiyan’ or ‘Water Secure Region’.