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India Inc's CSR spends over 1 trillion since mandatory law in FY15: Crisil

Majority of money spent in last three years; In Covid-dominated FY21, the amount is likely to have crossed Rs 22,000 cr

CSR
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Sachin P. Mampatta Mumbai
Indian companies have likely spent over Rs 1 trillion on corporate social responsibility (CSR) projects since a mandatory law came into effect.

The amount for the latest year (FY21) is likely to have crossed Rs 22,000 crore, according to estimates from rating agency Crisil. This would be the highest on record. The Ministry of Corporate Affairs made it mandatory for companies to spend two per cent of their profits on CSR projects with effect from 2014-15 (FY15). The agency estimated that listed companies would have spent around two-thirds of the amount. The rest would come from unlisted companies. Over 50

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First Published: Aug 24 2021 | 8:01 PM IST

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