Executive summary
 

A decade since government regulations mandated spending and reporting on corporate social responsibility (CSR), there is a need for deeper and more inclusive action, an analysis of 1,871 eligible listed companies that spent Rs 14,714 crore on over 3,200 unique projects in fiscal 2023 indicates.

The analysis categorised these companies based on their headquarter locations, CSR spend and the states where their CSR projects were implemented. Separately, it examined the top 100 companies by CSR spend in aspirational districts, as identified by NITI Aayog1.


The results of the analysis, captured in our CSR Yearbook 2024, show significant concentration of CSR spend, companies and projects in a few clusters of states, while others — some more in need of intervention — get little.

Companies headquartered in Maharashtra and National Capital Territory of Delhi (NCT of Delhi) dominated the CSR landscape, together accounting for 61% of the CSR spend, nearly half of the company headquarters, but just short of a third of the projects implemented.

A second cluster had five states (Gujarat, Tamil Nadu, Karnataka, West Bengal, and Haryana), accounting for over a quarter of the spend and a third of the company headquarters and projectsimplemented.

¹https://www.niti.gov.in/aspirational-districts-programme