Business EconomyPosted at: Jul 18 2026 4:05PM


India Inc’s spending on CSR hits Rs 40,794 cr in FY2024-25: Report

New Delhi, Jul 18 (UNI) India Inc's spending on Corporate Social Responsibility (CSR) touched a record high of Rs 40,794 crore in FY2024-25, registering a 17pc year-on-year increase, as companies continued to expand investments in education, healthcare and sustainability, according to the Bharat CSR Performance Report 2026 released by consulting and research firm Fulcrum.
The report said cumulative CSR investments by Indian companies have now crossed ₹2.61 lakh crore over the past decade, reflecting the growing role of corporate India in supporting social and environmental development.
The study noted that more companies came under the CSR ambit during the year, with 1,012 new firms beginning CSR spending, taking the total number of contributing companies to 29,546, up 9pc from the previous year. The number of CSR projects also rose sharply, increasing 21pc to 72,233 projects across the country, with an average project size of ₹56.47 lakh.
Education remained the biggest beneficiary of CSR expenditure, attracting Rs 13,877 crore, or 34pc of the total CSR spending, marking a 14pc increase over the previous year. Healthcare ranked second, receiving Rs 8,531 crore, accounting for 21pc of overall CSR investments.
Environmental sustainability witnessed one of the fastest growth rates, with funding jumping 40pc year-on-year to Rs 3,397 crore, highlighting the increasing focus of companies on climate and sustainability initiatives.
The report showed that nearly 98pc of CSR funds, amounting to Rs 39,851 crore, were spent directly on social development projects, while only Rs 943 crore, or 2pc of the total, was transferred to government funds. Transfers to government funds declined by 6pc compared to the previous year, indicating that companies increasingly preferred implementing projects directly.
Among states, Maharashtra remained the largest recipient of CSR investments, receiving Rs 8,631 crore during FY2024-25. However, Gujarat emerged as the fastest-growing CSR destination, recording an impressive 68pc increase in CSR inflows compared to the previous year. The report attributed Gujarat's strong performance to its expanding manufacturing, petrochemical, pharmaceutical and infrastructure sectors.
Other major beneficiaries included Karnataka, Delhi and Tamil Nadu, while smaller regions such as Lakshadweep, Daman and Diu, Mizoram, Andaman and Nicobar Islands, and Tripura continued to receive relatively low CSR funding due to limited corporate presence and geographical constraints.
The report also highlighted the growing concentration of CSR spending among the country's largest corporations. The top 10 companies together accounted for 17pc of the total CSR expenditure, spending a combined Rs 7,123 crore. Reliance Industries Ltd. emerged as the country's highest CSR spender with Rs 1,309 crore, followed by HDFC Bank Ltd. at Rs 1,039 crore and Tata Consultancy Services Ltd. with Rs 949 crore. The gap between the top two corporate spenders widened significantly during the year, underscoring Reliance's increasing lead in CSR investments.
Speaking at the launch of the report, Fulcrum Co-CEO Parthesh Vyas said the latest figures reflected both strong momentum and regional disparities in CSR spending. While overall CSR expenditure grew by 17pc, Gujarat significantly outperformed the national average with a 68pc surge, making it the country's fastest-growing destination for CSR investments.
Co-CEO Arun Mathai Marette said CSR spending in India has expanded by more than 300% over the past decade, growing at an average annual rate of around 15pc, considerably faster than the country's economic growth. He said the trend demonstrates the increasing commitment of Indian corporates towards inclusive and sustainable development.
The report observed that India's CSR ecosystem has continued to mature since the implementation of mandatory CSR provisions under the Companies Act, with companies expanding both the scale and reach of their social investments. It added that the findings provide valuable insights for corporates, policymakers, non-governmental organisations and researchers working to improve the effectiveness and equitable distribution of CSR spending across the country. UNI SAS AAB
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