Payal Mulchandani, Co-Founder and Business Head of The 4th Wheel.


After having spent almost a year in Spain while pursuing the Master in International Relations at IE, Payal started her own venture, “The 4th Wheel”, with two of her friends in her hometown of Ahmedabad, India. The 4th Wheel is a Corporate Social Responsibility Consulting and Research firm.  

About “The 4th Wheel”: Who Are They?

Three women, with a passion for learning, understanding and working for economic, social, and human development decided to enter the exciting world of entrepreneurship. The 4th Wheel brings a contemporary edge to the world of entrepreneurship. We share a passion for excellence and understanding and represent the new generation of social entrepreneurs who love to swim across the tide. Each of the three of us come from a different background and our experiences put together makes “The 4th Wheel” a whole and complete organization ready to tackle the myriad aspects of social enterprising. Out to look at issues which deserve attention and make a difference in the prevailing scenario in the development of the underprivileged and poor, we strive to be agents of change and be a part of that “team‟ (development entities) which will lead to a brighter and better future. Fuelled by innovation and foresight, we are driven to make an impact with our ideas for a wide-scale change. We work together with our strengths and resources to set up an enterprise which focuses on a missing link (the business sector) in the fight for progress and against distress. Businesses have gained immense clout in the prevailing form of capitalism. The role of businesses in facilitating development has long been debated. We have progressed to a society, where businesses are no longer based on the sole motive of profit maximization. There has been an acceptance of the role they can play in making the effects of globalization and business operations, positive and reducing the ill effects by conscious efforts. These efforts in a broad sense are termed as Corporate Social Responsibility (CSR). Corporate Social Responsibility is an evolving concept and is no longer random charity or philanthropy but is now looked as key to business operations, sustainability and development. Read more…

More news about MIR alumni after the jump.


testy2014 January 18, 2014 - 10:44 pm

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