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Zensar supports Destination: Home in the US for COVID-19 relief initiatives

Posted On: 2020-06-03 17:36:37

Zensar, a digital solutions and technology services company that specialises in partnering with global organisations on their digital transformation journey, announced that its US teams have supported the COVID-19 relief efforts and initiatives organized by Destination: Home. Destination: Home, based in Santa Clara County, is a public-private partnership working to end homelessness in Silicon Valley. The organization is addressing the economic catastrophe Covid-19 has caused for low-income families living at the margins in Silicon Valley. The total target amount from Zensar efforts is $100k.

Sandeep Kishore, Chief Executive Officer and Managing Director, Zensar, said, "Zensar has always been a conscious citizen, across every region we operate in. One of our unique outreach spirit is led by our own people who volunteer their time and through monetary contributions. These times call for frontline action and I am humbled by the giving spirit of our US based Zensarians. Destination: Home is doing focused efforts to help those most impacted by Covid-19 in the Silicon Valley area and we are committed to help them achieve their goals to bring relief to those affected."

According to Destination: Home CEO Jennifer Loving, "Tens-of-thousands of our lowest-income neighbours have been severely impacted by the COVID-19 pandemic, and we are grateful to see a growing number of Silicon Valley companies step up and support these vulnerable families and individuals. Thanks to companies like Zensar, and their employees, we'll be able provide critical financial assistance to even more local families in-need."

Under this drive, employees based in the US region of the company have opted to donate a day or half a day's salary to this initiative. The total target amount is $100k and the balance remaining after the employee contributions will be contributed by Zensar. The donated amount will be used by Destination: Homes to provide financial aid to the working families living at the margins in Silicon Valley to meet their basic living expenses.

Destination: Home is a public-private partnership ending homelessness in Silicon Valley. Through its collective impact model, Destination: Home incubate new ideas, advocate for policies, and fund impactful strategies that address the root causes of homelessness and help ensure that our most vulnerable neighbors have a stable home.

Shares of ZENSAR TECHNOLOGIES LTD. was last trading in BSE at Rs.95.95 as compared to the previous close of Rs. 94.3. The total number of shares traded during the day was 22206 in over 327 trades.

The stock hit an intraday high of Rs. 98.5 and intraday low of 94.95. The net turnover during the day was Rs. 2153521.

Source: Equity Bulls

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