Fulfillment of corporate social responsibility by indian companies: A study

A company is known as an artificial person and responsible citizen of a nation. As a natural person is supposed to be proved as valuable assets for his society so as a company is expected in same way. Corporate social responsibility is a new concept which emerges over a period of time. It means that a corporate decision should be taken by analyzing the impact of those decisions and actions on the social system. Present study makes an attempt to analyze the CSR initiatives taken by selected companies. Companies for the purpose of this study are selected on the basis of their fund providence in the year 2017–18. Selected companies are Reliance Industries Limited, TCS, ONGC, Indian Oil and HDFC bank limited. The study found that Reliance Industries shows highest motivation in social upliftment by contributing 771 crore for CSR activities. ONGC contribute 500 crore, TCS 400 core, Indian Oil 374 crore and HDFC bank 328 crore. The study concluded that corporate social responsibility should not be taken as an obligation by businesses but they must take initiative willingly to uplift the society and it should be a vital part of their internal policies. Business and society are complimentary and dependent to each other so as society is providing valuable resource to business so also business must work by considering the impact of their action on all stakeholders.