It takes one thought, one action, one anchor to trigger change, seed a movement and transform lives.

 This change is vital, especially when introduced in the early years of children, from communities with marginal access to health, nutrition and early education. In the long run, it helps to improve economic productivity and social well-being, reduce crime and social dependencies, and boosts the sustainability of a nation’s development.   

DHFL Changing Lives Foundation invests in programmes, research and partnerships, to strengthen the ecosystem for a child’s holistic development and growth. Our efforts are focussed on facilitating responsive relationships between children and their caregivers and educators, nurturing core life-skills, and building resilient communities. We strive to strengthen ‘Anganwadis’ or courtyard centres as transformation hubs for the community.

We see an unparallel connect to address global issues of equality and human development, through effective Early Childhood Care and Education (ECCE) or Early Childhood Development (ECD) programmes. DHFL Changing Lives Foundation has anchored a non-competing coalition of Early Childhood Care and Education practitioners, foundations, social purpose organisations and enthusiasts, to steer a movement for quality Early Childhood Care and Education. This report is an attempt to present the immense opportunities available for ideation, discussions and collaborations, that could further the ripple effect towards the sustainable development of children and communities.

Happy reading! 


With a strong inclination and commitment to make a difference, DHFL established the DHFL Changing Lives Foundation in December 2017. Inspired by DHFL’s ethos of ‘Changing Lives’, the Foundation invests in sustainable initiatives, aimed at encouraging equality, leveraging the aspirations of youth, children and women, and maximising human development. The DHFL Changing Lives Foundation has been supporting, conceptualising, designing and implementing programmes that are aimed at the sustainable transformation of communities, and has adopted Early Childhood Care & Education (ECCE) as its thematic area of operations to drive its mission.

The Foundation believes in catalytic long term social investments that bring in a lasting impact and change. The Foundation strives to foster partnerships, facilitate research and innovation and transfer of knowledge, for quality Early Childhood Care and Education (ECCE) across rural and tribal parts of India. The DHFL Changing Lives Foundation endeavours to foster interests and investments in ECCE as a fundamental developmental programme through partnerships with its stakeholders, including government, corporate sector, not-for-profit organisation (NGOs), academia and the community. 


DHFL Changing Lives Foundation has taken a trilateral approach through impact labs, research and technical support to fulfill its commitment to strengthen the delivery of Early Childhood Care and Education (ECCE) in India.


Project Sneh

The Foundation implements holistic Early Childhood Care and Education (ECCE) interventions in select geographies under its flagship Project Sneh. ‘Sneh’ means affection and love. The project is delivered to facilitate responsive relationships between children and their caregivers and strengthen the government delivery mechanism of Integrated Child Development Services (ICDS) scheme through its care centres, popularly known as Anganwadis. These geographies provide the right impetus to prototype successful innovations for child development, reproductive health, livelihoods and empowerment.


Technical Partnership

The Foundation offers technical assistance to organisations who wish to invest in Early Childhood Care and Education (ECCE). The assistance involves sharing our learnings, designing interventions and defining success parameters for the programme. The DHFL Changing Lives Foundation envisages providing technical assistance to the government, other foundations, NGOs, and new-age social entrepreneurs to maximise coverage of quality ECCE programmes. The Foundation continually seeks to engage positively with new geographies to serve the underprivileged sections.



The Foundation is inclined to partner with like-minded organisations to channelise research and innovative work in ECCE. The Foundation invests in bespoke/ programmatic research and creation of knowledge bank to address gaps in ECCE. The DHFL Changing Lives Foundation envisions working with academia closely to also support transference of knowledge through its ECCE platform.

Access to quality early education and healthcare is bound to shape citizens; who are more aware and committed towards growth and sustenance of nation building. We seek to expand our network, share our effective practices and advocate for quality early year programmes and healthcare reforms for children and women across India.


Kapil Wadhawan

Director, DHFL Changing Lives Foundation

Mr. Kapil Wadhawan is the Promoter Director of DHFL Changing Lives Foundation. He is also the Chairman and Managing Director of DHFL and Chairman of Wadhawan Group. He has been instrumental in establishing India’s first low income segment specific housing finance company, Aadhar Housing Finance Limited, with the International Finance Corporation in 2010 (Member of the World Bank Group), Avanse Financial Services Limited in 2013, DHFL Pramerica Life Insurance Company in 2014, DHFL General Insurance Company in 2016 and DHFL Asset Management Company in 2016. With his focus on business excellence and industry development, Mr. Kapil Wadhawan has played a significant role in shaping policy guidelines on matters relating to the mortgage finance industry. Mr. Kapil Wadhawan is an MBA in Finance from Edith Cowan University, Australia.

S. Govindan

Director, DHFL Changing Lives Foundation

Mr. Govindan is a veteran banker with over three and a half decades of experience in corporate and rural banking. He also serves as the Executive Assistant to Chairman and SVP & Head - Corporate Social Responsibility at DHFL. Mr. Govindan believes in the power of corporates contributing towards transforming societies and has been instrumental in the setting up of DHFL Changing Lives Foundation. He believes that with quality Early Childhood Care and Education (ECCE), children become happier and school-ready, and as a result grow into successful lifelong learners. He is an advocate of collaborative concerted efforts, women empowerment, financial inclusion, and has addressed senior leadership across political and social forums.



Launched Project Sneh in 996+ Anganwadis in Palghar and Vasai blocks of Palghar District, Maharashtra.
1 State | 2 Blocks


Deepened impact at 996+ Anganwadis in Palghar and Vasai blocks of Palghar District, Maharashtra.
1 State | 2 Blocks


Scaled to 1886+ Anganwadis in Palghar District and launched Project Sneh in Bokaro, Jharkhand with 465+ Anganwadis.
2 States | 7 Blocks


Launched Project Sneh in Khargone and Burhanpur, Madhya Pradesh with 1187+ Anganwadis. Strengthened and deepened impact at existing locations in Palghar and Bokaro Districts.
3 States | 13 Blocks


ECCE United is a non-competing coalition of like-minded entities, foundations, trusts, CSRs, academia and social purpose organisations committed to Early Childhood Care and Education or Early Childhood Development. DHFL Changing Lives Foundation anchored ECCE United in June 2018 to provide a platform for knowledge-sharing, collaborations, research and innovation. ECCE United is essentially a collaborative ‘think-tank’, wherein national, state, regional and local organisations such as service delivery organisations, professionals, donors, thought leaders and researchers form a voluntary alliance to share a goal of improved comprehensive Early Childhood Care and Education and well-being for all.

Our Charter

Create a Coalition of ECCE Champions

ECCE United intends for experts from the investment sector, philanthropy, corporations and policy makers to convene around key issues that need collaboration for impact. By creating and fostering ECCE Champions across the region and bringing in leading global speakers to convenings, ECCE United envisions amplifying voices and driving a call for action amongst social investors. 

Increase Philanthropic, CSR and Impact Investment Capital

ECCE United strives to create a range of opportunities for grant-making organisations to fund impact-ready Social Purpose Organisations (SPOs) working in the area of ECCE. By advocating measurable impact, outcomes and/or game changing solutions on ECCE for Foundations, CSRs and Family offices, ECCE United aims to promote effective practices and programmes.

Impact Investors represent an opportunity to bring in a new pool of private sector investors seeking both financial and social returns. ECCE United hopes to build the supply side of the impact investment pipeline, by fostering collaborations and partnerships with a range of investors to leverage their strength and expertise to unlock the current roadblocks and bring in this new pool of capital through the ECCE Platform.

ECCE United aims to link donors and investors with incubators, accelerators and intermediaries in order to promote collective funding opportunities and facilitate more co-investments.

Knowledge Exchange and Technical Partnerships

ECCE United acts as a platform for knowledge exchange and technical partnerships between multi-lateral agencies, implementing organisations, foundations and academia. This allows sharing of best practices, learnings and experiences in various formats including fire-side chats, round tables, webinars and so on. ECCE United envisions developing a repository of best practices, tools and resources for maximising impact.

Policy Advocacy

ECCE United aims to bring ECCE programmes to the centre stage of social investment. Furthermore, with ECCE Champions, social investors, practitioners and academia, ECCE United envisages working with the government to support their policies, strategies and planning in the field.


Ideally all organisations or individuals who care for children, women and communities should join ECCE United. Foundations that give grants for ECCE interventions, impact and social investors in the ECCE sector, social enterprises related to ECCE interventions, NGOs working in ECCE sector, corporate/s using their CSR funds for this sector, research institutes, think-tanks, and academic institutes focusing on ECCE should join ECCE United.

Apart from these, any organisation working in the sector of nutrition, early childhood care, education, health, WaSH, livelihoods, overall poverty alleviation and allied fields are welcome to join.

As of March 31, 2019, ECCE United has 54 members from India, Thailand and The Netherlands.


Bringing ECCE to the Centre-Stage through presence across various Social Forums 

DHFL Changing Lives Foundation partnered with the Ambedkar University Centre for Early Childhood Education and Development (CECED), New Delhi for a 3- day National Conference titled “Every Child’s right to Early Childhood Development: Evolving Inclusive Practices”. The event was attended by over 200 practitioners, students, educators, NGOs and also had representation from the government. It encouraged the exchange of ideas, practices and learnings and also provided a platform to young minds to demonstrate innovative solutions for effective Early Childhood Care and Education. DHFL Changing Lives Foundation also shared its views on how inclusion is a critical component in ECCE programme strategies through panel and poster presentations.

DHFL Changing Lives Foundation partnered with Asia Venture Philanthrophy Network (AVPN) to leverage their network and build ECCE as a fundamental social programme for foundations, civil society and the government. In December 2018, The Foundation along with the District Collector of Ranchi, Jharkhand presented Project Sneh and its strategy to Niti Ayog at the AVPN India Policy Forum in New Delhi. Furthermore, the Foundation showcased its three child-friendly Anganwadi models called ‘Snehangans’ at the Forum and AVPN India Summit. These infrastructure models of Anganwadis have been developed through a grand challenge conducted with the National Association of Students of Architecture (NASA), India. The Foundation also leveraged the AVPN Network to promote ‘ECCE United’, a coalition of foundations, social enterprises, academia, to generate and enlist a wider interest in effective child development programmes.

DHFL Changing Lives Foundation partnered with United Way India, Samarth Vyayam Mandir and Wilson College Nature Club in FY2019. Two young athletes from Light of Life Trust, India ran the Tata Mumbai Marathon 2019 on behalf of the Foundation. 

Shree Samarth Vyayam Mandir Trust, a pioneer physical education institution which concentrates on indigenous sports, organised and trained young children for the first World Mallakhamb Championship in February 2019 in Mumbai, Maharashtra. The event saw participation of young children and youth from over 14 countries. 

The Wilson College Nature Club, a forty year old forum with over 500 members, organised various activities to promote and generate awareness on nature conservation amongst young children. The activities included a nature concert put by students of Wilson College, trails to nature-park and DHFL BNHS Butterfly Garden for children from shelter homes, activities and workshops with young children and collaterals on nature conservation for children.

DHFL Changing Lives Foundation also participated in NGOBOX’s India CSR Summit 2018 in New Delhi and outlined the usage of Life Cycle approach highlighting the problems related to undernutrition, micronutrient deficiency and obesity, aligned to national interest. 

We were also on the jury panel for YES Foundation’s flagship programme YES! I am the CHANGE. It is a nationwide mindset-transformation programme to inculcate the spirit of responsible youth citizenship to drive positive social action and depict stories of change of Non-Profits, Social Enterprises and Everyday Heroes through the impactful medium of films.


DHFL Changing Lives Foundation is registered as a Section 8 Company, as per the Companies Act 2001.

CIN: U85320MH2017NPL302380
12 AA Registration No.: 50344
80G Registration No.: CIT(E)/80G/2938/2018-19
Registered office: 10th Floor, TCG Financial Centre, BKC, Bandra (East), Mumbai 400098, Maharashtra, India

Auditors for FY2018 - 2019: Nilesh B. Shah, ICAI MN. 107752

Board of Directors

Mr. Kapil Wadhawan: Director. DIN: 00028528 DHFL Changing Lives Foundation

Mr. S. Govindan: Director. DIN: 06813777 DHFL Changing Lives Foundation


Forward-Looking Statement

In this annual report, we have disclosed forward-looking information to enable readers to comprehend our prospects. This report and other statements – written and oral - that we periodically make, contain forward-looking statements that set out anticipated achievements based on project plans and assumptions. We have tried, wherever possible, to identify such statements by using words, such as ‘anticipate’, ‘envisage’, ‘estimate’, ‘expect’, ‘project’, ‘intend’, ‘plan’, ‘believe’, and words of similar substance in connection with any discussion of future performance. We cannot guarantee that these forward-looking statements will be realised, although we believe we have been prudent in our assumptions. The achievement of results are subject to risks, uncertainties and even inaccurate assumptions. Readers should keep this in mind. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

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