CSR Funding for Sports Doubles to Rs 526 Cr in FY23: MCA Data

NEW DELHI (India CSR): In a transformative boost for India’s sporting ecosystem, corporate social responsibility (CSR) investments in sports soared to Rs 526.14 crore in the financial year 2022-23, according to the latest data from the Ministry of Corporate Affairs (MCA). This figure, nearly double the Rs 291.75 crore spent in FY22, underscores a growing corporate commitment to fostering athletic talent and infrastructure, aligning with India’s ambitions to host the 2036 Olympics. From grassroots initiatives to elite athlete programs, this surge in funding is poised to reshape the nation’s sporting landscape.

Table: CSR Investments in Sports Surge to Rs 526 Cr in FY23

A Decade of Remarkable Growth

The MCA data paints a picture of consistent growth in CSR spending on sports over the past decade. In FY23, 1200 companies collectively invested Rs 526.14 crore, a significant leap from Rs 55 crore in FY14-15. This nearly tenfold increase reflects the increasing recognition among corporates of their role in promoting sports as a vital component of social development. The doubling of funds from FY22 to FY23 highlights an accelerated focus on sports, driven by both regulatory mandates and strategic corporate priorities.

Government Push for Corporate Involvement

The Indian government has actively encouraged corporate participation in sports development. Earlier in 2025, Sports Minister Mansukh Mandaviya, during a pioneering corporate roundtable, emphasized the critical need for corporate support in building sports infrastructure and nurturing talent. He proposed a model where each corporate entity adopts a specific sport, ensuring focused resource allocation and effective athlete branding. “Each corporate entity should focus on a single sport to ensure dedicated attention and optimal resource allocation,” Mandaviya stated, as reported by Hindustan Times. This strategy aims to streamline efforts and maximize impact, particularly as India prepares for global sporting events.

Leading Contributors and Their Impact

Several corporate giants led the charge in FY23, with significant investments in sports-related CSR initiatives. The top contributors included:

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Reliance Industries, a frontrunner, has been instrumental in promoting grassroots sports through its Reliance Foundation Youth Sports program, which engages school and college students, and supporting elite athletes via the Reliance Foundation Olympic Program. Similarly, JSW Sports, another key player, backs top athletes, including two-time Olympic medalist Neeraj Chopra, enhancing India’s global sporting reputation.

Diverse Applications of CSR Funds

The CSR funds are being utilized across a spectrum of initiatives, from grassroots development to infrastructure projects. For instance, REC Limited allocated ₹25 crore to promote sports in Delhi and Rs 5.5 crore to construct a motorsports race track and sports complex in Mizoram, diversifying the sporting landscape. Tata Steel has focused on running sports centers nationwide and preserving tribal sports, while Kotak Mahindra Bank supported premier training facilities like the Inspire Institute of Sport in Himachal Pradesh and the Pullela Gopichand Badminton Academy in Hyderabad. Rungta Sons Private Limited, a Kolkata-based mining company, directed its funds towards sporting projects in Odisha and Jharkhand, contributing to regional sports development.

Regional Distribution of Investments

The CSR investments in sports spanned 36 states and union territories, reflecting a nationwide commitment. Maharashtra led with Rs 68.29 crore, followed by Odisha (Rs 51.28 crore), Karnataka (Rs 44.27 crore), Delhi (Rs 41.57 crore), and Tamil Nadu (₹28.45 crore). This broad distribution ensures that sports development initiatives reach diverse regions, fostering inclusivity and opportunity.

Sports as a Fraction of Total CSR Spending

Despite the impressive growth, sports funding remains a small portion of overall CSR expenditure. For example, Reliance Industries’ total CSR spend in FY23 was Rs 743.4 crore, with sports accounting for less than 10% (Rs 56.31 crore). Tata Steel allocated Rs 26.93 crore to sports out of its Rs 475.11 crore CSR budget, while REC Limited spent Rs 30.5 crore on sports from a total of Rs 204.31 crore. Rungta Sons Private Limited, with a total CSR spend of Rs 88.08 crore, directed a significant portion to education, with sports as the second-largest focus area. This indicates that while sports funding is growing, it competes with other priorities like education and healthcare.

Role of Non-Profit Foundations

Beyond corporate entities, non-profit foundations play a crucial role in leveraging CSR funds to support sports. Many prominent organizations specializing in talent identification and athlete development rely on CSR partnerships to fund their programs. These collaborations enhance the sustainability and reach of sports initiatives, ensuring that both grassroots and elite athletes benefit from corporate support.

Challenges and Opportunities

While the doubling of CSR investments in sports is a positive development, challenges remain. The limited share of sports in total CSR budgets suggests that companies may prioritize other sectors, potentially limiting the scale of sports initiatives. Additionally, ensuring equitable distribution of funds across regions and sports disciplines is critical to maximizing impact. However, the government’s push for corporate adoption of specific sports and the increasing visibility of sports CSR programs present significant opportunities for growth.

Future Prospects

The surge in CSR funding for sports is a promising step towards building a robust sporting culture in India. As the country gears up for international events, including the potential hosting of the 2036 Olympics, sustained corporate investment will be essential. By focusing on infrastructure, talent development, and grassroots programs, companies can help India achieve its sporting ambitions. The MCA data serves as a call to action for more corporates to prioritize sports, ensuring that this momentum continues to drive India’s ascent on the global sporting stage.

(India CSR)