The corporate social responsibility (CSR) landscape in India is heavily influenced by the contributions of its most prominent business families. According to data from the fiscal year 2023-24 (FY24), the Tata, Ambani, Adani, and Birla families collectively account for 20% of the total CSR contributions made by Indian companies. These efforts reflect a growing trend of corporate philanthropy and responsibility towards societal welfare, further enhancing the image of their respective brands.
Significant Contributions to CSR by Leading Indian Corporations
Contribution Range of ₹800 Crore to ₹1,000 Crore
The India Philanthropy Report 2025, prepared by Dasra in collaboration with Bain & Company, indicates that these major business groups contribute an average of ₹800 crore to ₹1,000 crore each under the CSR category. Notably, the top 2% of business houses account for an astounding 50-55% share of CSR expenditures. The Ministry of Corporate Affairs mandates under Section 135 of the Companies Act, 2013, that certain businesses allocate a minimum of 2% of their net profits towards initiatives in education, healthcare, rural development, and environmental sustainability.
CSR Spending in Fiscal Year 2022-23
In fiscal year 2022-23, a total of 24,392 companies invested millions in CSR activities across 14 sectors, including sports, health and hygiene, slum development, art and culture, and more. This article highlights some of the top companies in India known for their significant CSR spending.
Top Companies Contributing to CSR in India
1. HDFC Bank
HDFC Bank stands out as a leader in CSR efforts, focusing on rural development, livelihood enhancement, education, healthcare, and financial literacy. Out of an average net profit of ₹41,165 crore, HDFC allocated ₹800 crore towards its CSR initiatives, making it one of the highest contributors in the country.
2. Tata Group
The Tata Group emphasizes its CSR initiatives on future science, technology, engineering, and mathematics (STEM) education. Tata Consultancy Services (TCS) has invested approximately ₹774 crore in areas such as education, healthcare, sanitation, and marine conservation.
3. Reliance Industries
In fiscal year 2022-23, Reliance Industries spent over ₹743 crore on CSR activities, impacting around 2.7 million individuals through rural transformation programs. Their focus on community upliftment and sustainability is commendable.
4. NTPC
NTPC, India’s largest power utility, has allocated around ₹320 crore for its CSR initiatives. Their efforts have positively influenced hundreds of villages and schools, showcasing their commitment to societal welfare.
Conclusion
The growing focus on corporate social responsibility among India’s leading business families sets a significant precedent for future investments in societal welfare. As these companies continue to contribute towards education, healthcare, and environmental sustainability, they not only enhance their brand image but also drive meaningful change in communities across the nation.