Innovative Financial Advisors Pvt. Ltd

Nehru Place, Delhi

Baseline study provides current status of socio-economic as well as environmental conditions prevalent in the project areas before implementation of a development project or CSR intervention. It also facilitates comparison of the achievements of the programme in the backdrop of the initial conditions. Fiinovation has conducted baseline assessments for numerous corporations. Special mention may be made about the baseline assessment in Kurnool, Andhra Pradesh which helped Mytrah Energy India Pvt. Ltd. in aligning their intervention for the maximum benefit of the communities.

Mid-line study explores and analyses the key socio-economic indicators in the middle of a project or CSR intervention being implemented. It evaluates those indicators and helps in collating recommendations for course correction or any changes in alignment with the established goals of the intervention. Fiinovation has conducted Mid-term assessments in Vijayawada and Visakhapatnam in Andhra Pradesh for Laurus Labs and IL&FS Skills in Barmer in Rajasthan and for many other corporations.

End-line study is done at the end of a project or intervention. It is aimed at measuring the outcome by comparing it with the baseline scenario. The study is useful in quantifying the output from the project intervention. Fiinovation has successfully conducted end-line assessment for Bharti Infratel and other corporations as part of the M&E portfolio.

Impact assessment helps in mapping the changes brought by the project intervention. Impacts may be measured at an individual level and community level and can be used to assess the short-term changes and the long-term changes as well. Fiinovation has conducted impact assessment studies in the sectors of Skill, Education, Health and Livelihood for corporations such as RSDC, Laurus Labs, HFCL, JK Tyre & Industries, Arohan Financial Services Pvt. Ltd., Sun Pharmaceuticals Industries Ltd, Newgen Software Technologies Ltd, Pipavav Railway Corporation Ltd, and many more.

Social Return on Investment (SROI) is an approach that measures the amount of impact created by an organization or an intervention on the socio-economic and environmental aspects of the stakeholders against the cost/effort incurred by the organization. It is a way through which an organization can align its interventions for the greater good of the people and the stakeholders who benefit out of such interventions. Unlike the impact assessment exercises, SROI has a larger coverage of the value that an intervention has created for the beneficiaries it was meant for.

In order to know how the targeted beneficiaries interpret and view the CSR interventions and development projects, a perception study is carried out. The study can help in understanding how beneficial the interventions were in meeting the communities’ expectations and how it can be improved in the future. Fiinovation has conducted perception study for CESC and many other corporations.

To examine whether a proposed CSR intervention is practical in actual case, a feasibility study is conducted. A feasibility study may consider all the relevant factors like financial, technical, managerial, political and legal aspects to assess the likelihood of successful project implementation.

Socio-economic study is carried out to get the information on social and economic condition of the targeted community for the intervention. The information on social condition can include age, education, gender, family size, religion/caste etc. whereas economic condition includes information on household and individual income, livelihood patterns, sources of income, monthly expenditure etc. Socio-economic study enables the project developers to understand the baseline situation and/or impact of an implemented project. Fiinovation has conducted socio-economic study for various corporations including Mytrah Energy India Pvt. Ltd. at 30 villages in Tuticorin, Tamil Nadu.

Identifying essential skills relevant to a job role is a basic prerequisite for all sectors to perform well. Through skill gap analysis the shortfall in the skill requirement is identified, which helps the corporations to provide necessary training to bridge the skill gap. Fiinovation partnered with the Rubber Skill Development Council for a skill gap analysis for the workers involved in the natural rubber production in Kerala and Tamil Nadu. Fiinovation has conducted skill gap analysis for numerous other corporations as well.

The in-house team with its versatile knowledge and strong programmatic background conceptualise and design effective projects customised to the specific needs of the corporations and civil society organisations across India in the field of “Livelihood, Education, Health, Skills and Environment”. What makes this approach unique are the concepts and initiatives are evidence-based, supplemented by discussions with relevant stakeholders capturing ground zero situation and data which are nationally and internationally relevant. The proposals and concepts are a direct outcome of the needs of the community which are captured through mixed research methods. The information obtained are validated and triangulated to ensure accuracy.

The Monitoring, Evaluation and Learning Team at Fiinovation, conducts need assessments to understand the key issues and challenges in the targeted project areas or communities. The findings of the assessment are used to develop projects and solutions and plan suitable interventions that relate to the thematic and site-specific needs of the community. Fiinovation in its 11 year journey has partnered with corporations like Godrej and Boyce Mfg. Co. Ltd, Mytrah Energy India Pvt. Ltd., IL&FS and many other corporations to conduct such assessment studies.

Fiinovation conducts rigorous assessment of civil society organisations (CSOs) having relevant experience in community mobilisation and project implementation. We act as a bridge between CSOs and corporations and offer partnership opportunities aligned with the CSR mandate of the corporations. Fiinovation facilitates quality services with respect to project implementation at community level.

Fiinovation has wide range of development sector experience in managing large scale projects for corporations, multilateral agencies and PSUs. Fiinovation provides services in the form of CSR policy design & programme management. The in-house “Proposal Research and Design Laboratory” works in close collaboration with corporations and helps in conceptualising and designing CSR initiatives which are implementable, scalable and sustainable. We work to deliver sustainable solutions for corporations by integrating human intelligence with technological interface.

Successful CSR programmes require a holistic approach and a strategic alignment of CSR objectives with overall business and growth strategy of the organization. We offer programme management solutions to help corporations effectively manage their projects and their strategy to maximize the impact and social return on investment. Project Design - We assist corporations in defining road map for implementing their CSR objectives. It involves identification of the problem, alignment of the solution with business' social objectives and various analysis for available resources. Selecting Implementing Partners- We select credible CSOs with relevant expertise so as to implement projects in the most effective and efficient manner to attain desired results on ground. Implementation - Fiinovation ensures effective implementation of the projects by conducting regular on-field checks in congruence with the objectives of the intervention. Our expertise in developing innovative interventions to map developmental change has been instrumental in providing sustainable solutions to address ground-level challenges. Monitoring and Evaluation - The Monitoring and Evaluation team collects real-time data of each project and its on-ground implementation status with the help of mobile applications. Analysis and reports are disseminated through cloud-based dashboards. Media & Communications - Effective communication is an integral part of a project cycle. Our media team works in close coordination with relevant teams to create effective communication strategies to keep the stakeholders informed about status of interventions. The process includes disseminating project related literature through social media and media advocacy.

At Fiinovation we understand that businesses require effective management of the projects. We have developed a robust project optimization system which is an amalgamation of both human intelligence and artificial intelligence. The blockchain-based decentralized platform acquires real-time on ground data through mobile applications ensuring greater efficiency and transparency for the stakeholders involved. The system provides traceability of the records all throughout the project-life cycle. Our partners can track the status of their respective projects from our cloud-based dashboards remotely. The dashboards make the data available readily for effective analysis and measurement.