Employee Welfare & Benefits

At Prasad Sugar & Allied Agro Products Ltd., employee welfare is an integral part of our organisational culture. Our initiatives support employees and their families through financial security, healthcare, workplace safety, education, recognition and performance-based development.

Financial Security

Financial Security & Family Support

Schemes designed to protect employees and support their families through important milestones and difficult circumstances.

Employee Provident Fund (EPF)

Securing the Future of Our Employees

Since 2011, Prasad Sugar & Allied Agro Products Ltd. has provided statutory EPF benefits to approximately 400 employees, helping them build retirement savings and long-term financial security. Employees also receive assistance with UAN activation, KYC updates, claim processing, and other EPF services for seamless access to their benefits.

EPF benefits for approximately 400 employees
Retirement savings and financial security
UAN, KYC & claim assistance
EPF advance and withdrawal support
Financial protection for employees and their families

We remain committed to strengthening the financial security and future of our employees.

Emergency Financial Assistance

Standing Together During Challenging Times

The Emergency Financial Assistance Scheme provides timely financial support to employees facing accidents, critical illnesses, natural calamities, and other unforeseen emergencies, helping them overcome difficult situations with confidence.

We remain committed to supporting our employees and their families when they need us most.

Complimentary Sugar Support for Employees' & Their Children's Marriage

Sharing the Joy of Life’s Special Moments

To support employees during important family milestones, the company provides 150 kg of complimentary sugar for the marriage of eligible employees and their children, reinforcing its commitment to employee and family welfare.

We remain committed to celebrating life’s important milestones with our employees and their families.

Maharashtra Labour Welfare Fund Assistance

Supporting Education, Healthcare & Family Well-being

Through the Maharashtra Labour Welfare Fund (LWF), the company facilitates employee access to welfare schemes, including educational assistance, healthcare support, scholarships, textbook assistance, and financial aid for eligible medical cases.

Through Maharashtra Labour Welfare Fund initiatives, we remain committed to supporting the well-being.

Health & Protection

Health, Insurance & Workplace Safety

Protecting employee health through insurance, preventive care, safety equipment, training and workplace preparedness.

Employee Accident Insurance Coverage

Protecting Employees When It Matters Most

Prasad Sugar & Allied Agro Products Ltd. provides Workmen’s Compensation Insurance for permanent, seasonal, and trainee employees, ensuring financial protection and timely medical support in the event of workplace accidents. The company also promotes workplace safety through PPE, safety training, awareness programmes, and mock drills.

Insurance coverage for eligible employees
Hospitalisation and medical expense support
Company-assisted claim processing
PPE, safety training, and mock drills
Financial protection during workplace accidents

We remain committed to providing a safe, secure, and supportive workplace for every employe.

Employee Safety Equipment & Protection

Building a Safe and Secure Workplace

Employee safety is a core priority at Prasad Sugar & Allied Agro Products Ltd. The company provides high-quality Personal Protective Equipment (PPE) and conducts regular safety training to promote accident prevention and safe working practices.

We remain committed to ensuring a safe and secure workplace for every employee.

Employee Health Check-up & Blood Donation Camp

Promoting Health, Wellness & Social Responsibility

Employee well-being is at the heart of our workplace. Every year, the company organizes biannual health check-up programmes and blood donation camps in association with Anandrishi Ahilyanagar Hospital, promoting preventive healthcare, early diagnosis, and community service.

We remain committed to building a healthier workforce and a healthier community.

Upcoming · Effective 1 October 2026

Medical Insurance for Employees & Families

Protecting the Health of Our Employees and Their Families

Effective from 1st October 2026, the Medical Insurance Scheme provides coverage of up to ₹2,00,000 per family for employees, spouses, and dependent children, helping reduce the financial burden of medical emergencies.

Coverage up to ₹2,00,000 per family
Employee, spouse and dependent children covered
Hospitalisation and eligible treatment support
Shared company-employee contribution
Financial protection during medical emergencies

We remain committed to safeguarding the health and well-being of our employees and their families.

Education

Education & Family Empowerment

Encouraging academic achievement and creating opportunities for employees’ children to pursue higher education.

Felicitation & Prize Distribution for Meritorious Children

Encouraging Academic Excellence

Since 2020, the company has recognized the academic achievements of employees’ children by honouring SSC and HSC students scoring 60% and above with cash awards, appreciation certificates, and complimentary sugar.

We remain committed to supporting education and inspiring future generations.

50% Educational Fee Concession for Employees’ Daughters

Empowering Girls Through Education

Introduced in 2025, this scheme provides a 50% concession on college tuition fees for employees’ daughters, encouraging higher education while reducing the financial burden on families.

We remain committed to empowering young women through education.

Culture & Recognition

Education & Family Empowerment

Building a connected workplace through teamwork, recreation, appreciation and professional recognition.

Sports & Cultural Recreation Activities

Promoting Team Spirit & Employee Engagement

Every year during the Ganesh Festival, the company organizes sports and cultural activities that encourage teamwork, strengthen relationships, promote work-life balance, and create a vibrant workplace culture.

We remain committed to fostering a connected, motivated, and collaborative workplace.

Meritorious Employee Recognition Policy

Recognising Excellence. Inspiring Performance.

Introduced in 2026, this policy recognizes employees who demonstrate outstanding performance, discipline, innovation, and professional excellence through annual awards and recognition.

We remain committed to recognizing excellence and building a high-performing workforce.

Performance

Performance Recognition & Incentives

Rewarding teamwork, operational excellence and agricultural development through performance-linked recognition.

Seasonal Crushing Performance Incentive Award

Recognising Dedicaion During the Crushing Season

The company rewards employees based on predefined crushing performance criteria, encouraging operational excellence, teamwork, and higher productivity throughout the crushing season.

We remain committed to recognizing the teamwork that drives every successful crushing season.

Record Crushing Performance Incentive Bonus

Celebrating Record-Breaking Performance

The Record Crushing Performance Incentive Bonus rewards employees when the factory achieves the highest crushing performance among the specified group of factories. Eligible employees receive a 33% Performance Incentive Bonus, recognising collective excellence and operational achievement.

We remain committed to inspiring innovation, teamwork, and high performance across our organization.

Agricultural Department Performance Incentive Award

Recognising Excellence in Agricultural Development

This scheme rewards Agricultural Department employees with a ₹3 per metric ton incentive when factory crushing exceeds 500,000 MT, encouraging excellence in sugarcane development and field operations.

We remain committed to recognizing agricultural excellence and strengthening sustainable growth.

Important Policy Information

All welfare benefits, financial assistance, concessions, insurance coverage, awards and incentives are subject to company policy, employee eligibility, applicable statutory requirements and the terms and conditions in force at the relevant time.