NSE-listed Firms' CSR Spending Rises
Analysis based on 8 articles · First reported Apr 20, 2026 · Last updated Apr 20, 2026
The significant increase in CSR spending by National Stock Exchange of India-listed companies, driven by higher profits, indicates a positive trend in corporate responsibility and potentially improved public perception for major contributors like Reliance Industries, HDFC Bank, and Tata Consultancy Services. This could lead to increased investor confidence in companies demonstrating strong ESG practices, while also highlighting the overall health of the Indian corporate sector.
Corporate Social Responsibility (CSR) spending by companies listed on the National Stock Exchange of India main board surged by 23% to Rs 22,212 crore in FY25, up from Rs 18,011 crore in the previous financial year. This increase was primarily driven by a 22% rise in the average net profit of these companies over the preceding three years, which dictates mandatory CSR spending under India's Companies Act. A report by PrimeInfobase, an initiative of Prime Database Group, highlighted that 1,549 companies were mandated to undertake CSR spending, with 98% of them participating. Reliance Industries emerged as the top spender with Rs 1,309.5 crore, followed by HDFC Bank (Rs 1,068.03 crore) and Tata Consultancy Services (Rs 960 crore). Education and healthcare continued to receive the largest share of CSR funds, with Maharashtra, Gujarat, and Tamil Nadu being the top recipient states. Public sector undertakings also saw a 19% rise in their CSR contributions.
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