300 Indian Companies spend Rs. 12180 Cr. in FY20-21 on Corporate Social Responsibility (CSR)

About 65% of the companies spent their Prescribed CSR Budget for the year.

Maharashtra remains the highest receiver state with 1/10 (10.55%) of the total CSR Funds amounting to Rs. 1272 Cr.

MUMBAI: According to an independent research 300 Indian Companies have spent Rs. 12180 Cr. in FY20-21 on Corporate Social Responsibility (CSR). As per report, About 65% of the companies have spent more than their Prescribed CSR Budget for the year. Maharashtra, Gujarat, and Odisha have received nearly 1/5th of India’s total CSR fund. Nearly 50 percent of the CSR project have been executed by Implementing agencies.

The India CSR Outlook Report (ICOR) is an in-depth and comprehensive analysis of CSR spending of 301 large companies in the financial year 2020-21 and visualizes a few important curves and trends of the CSR landscape in India.

Number of Companies (Listed): 301
Top BSE 200 are covered in the research
Number of PSUs covered: 22
Number of Projects Implemented in FY 20-21: 6759
Total mandated Prescribed CSR Budget in FY 20-21: INR 11660 Cr.
Total Actual CSR Spent in FY 20-21: INR 12180 Cr.

Top 5 Spenders in CSR in FY 20-21

Companies	Prescribed CSR (mandate) (INR)	Actual CSR Spent (INR)
Reliance Industries Ltd	884	922
Tata Consultancy Services Ltd.	663	674
HDFC Bank Limited	628	635
Oil And Natural Gas CorporationLimited	539	553
Indian Oil Corporation Limited	342	460

In terms of actual CSR spent, the 10 large companies contribute to around 40% of the total actual CSR spent (Rupees 12180 Crores) for this financial year and 9 out of 10 companies have spent more than their prescribed CSR.

Thematic Distribution of Fund

With INR 4407 Crores Investment which accounts more than 1/3rd of the total CSR Spent has been utilized for projects under Poverty Alleviation, Healthcare, and WASH. The rise in healthcare investment is seen as a clear effect of COVID-19 pandemic. Following which is Education and Skills – under which INR 3082 Cr. has been spent. Unsurprisingly PM Cares and other national relief funds have received INR 2009 Cr. Investment, it has emerged out at 3^rd largest thematic area under Schedule VII.

Geographic Distribution of the CSR Fund

Maharashtra remains the highest receiver state with 1/10 (10.55%) of the total CSR Fundsamounting to INR 1272 Cr.

Second highest receiver of the CSR Funds is Gujarat amounting to INR 676 Cr i.e., 5.6 % of the total CSR Funds followed by Delhi, which has received INR 514 Cr, i.e. 4.27 % of the overall CSR Funds.