Listed companies' CSR spend tops Rs 100 billion in FY18, says report

Indian companies’ charitable spends rose for the third year in a row in 2017-18 to around Rs 100 billion in 2017-18. The 10.71 per cent growth rate in Corporate Social Responsibility (CSR) spends is higher than the previous year (7.63 per cent).

An analysis of figures from PRIME Database showed education topped the list of spends by category, which intermediaries are playing an important role in dispersal of funds, and that the biggest recipients of funds ironically were relatively rich states.

The analysis is based on an examination of 1,627 National Stock Exchange companies who have filed their annual reports.