“Evolution and challenges of CSR in India” (Case study: Tata Steel Company)

This paper is organised in three sections. First section is an attempt to provide a clear understanding of the evolution of Business Family Charity: From Corporate Philanthropy to Corporate Social Responsibility and challenges ahead. India has a long history of corporate philanthropy and business involvement in social causes for national development. This philanthropy grew out of the need to develop India socially, politically, and economically in order to meet the challenges posed by colonization. However, global influence of business rendered by globalization, growing trade links and technological proliferation in the last century, drive towards incorporating Corporate Social Responsibility. The second section examines the nature and extent of corporate social responsibility (CSR) initiatives under taken by Tata Steel Company. The Tata Group is a giant family of businesses that dominates Indian markets. And Tata Steel is one of twenty-eight major corporations within the Tata Group. The research focuses on the CSR policies and practices of Tata Steel (formerly known as TISCO). The third and final section covers the challenges and issues concerning CSR.