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Home Corporate Social Responsibility

Maruti Suzuki Fulfills CSR Obligations, Spends Rs 63 Cr in FY 2022-23

According to the Companies Act, 2013, companies are required to spend a minimum of 2% of their net profit over the preceding three years as CSR. In the financial year 2022-23, Maruti Suzuki's net profit was Rs. 31,162.62 million. Therefore, the company's CSR spending of Rs. 623.25 million is in line with its legal obligations.

India CSR by India CSR
August 24, 2023
in Corporate Social Responsibility
Reading Time: 4 mins read
R.C. Bhargava - CSR of Maruti
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Maruti Suzuki’s CSR initiatives have had a positive impact on the lives of many people. The company is committed to continuing its CSR efforts in the years to come.tuneshareGoogle it


NEW DELHI (India CSR): Maruti Suzuki India Limited (MSIL) has successfully met its Corporate Social Responsibility (CSR) spending requirement for the financial year 2022-23. Chairman R. C. Bhargava, in the Annual Integrated Report 2022-23, mentioned that there remains no unspent CSR amount requiring a transfer to any specific fund or account under the Companies Act provisions.

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Highlights from the Chairman’s Speech

Bhargava outlined a few key points:

  • The CSR programme continues as approved by the Board, with complete utilization of the allocated funds.
  • Due to a drop in profits, the company witnessed a reduction in CSR funds, but the situation is evolving positively.
  • Allocation for CSR for FY 2023-24 has been increased to Rs. 900 million (90 Cr) from Rs. 630 million (63 Crore) of FY 2022-23.

CSR Commitments & Achievements

Maruti Suzuki remains steadfast in its dedication to road safety, skill development, and community development. Some notable accomplishments include:

  • Establishment of a multispeciality hospital in Sitapur, Gujarat, which has catered to over 60,000 patients.
  • Introduction of a Cath lab facility to enhance specialty services in cardiology.
  • Successful facilitation of 100% computerized driving license testing in Delhi through Automated Driving Test Tracks (ADTTs). Over 5 lakh individuals have taken the license tests, ensuring only competent drivers are on the road.
Multi-speciality Hospital in Sitapur, Gujarat
Multi-speciality Hospital in Sitapur, Gujarat

A Glimpse into Maruti Suzuki’s CSR Approach

MSIL emphasizes three major themes: Skill development, Road safety, and Community development. These themes are not just chosen at random but reflect the company’s dedication to tackling pressing national issues in alignment with India’s social development goals.

An independent assessment agency, Social Lens Consulting Private Limited, was commissioned to evaluate the impacts of the 2021-22 interventions.

Financial Insights

Table 1: CSR Obligation for FY 2022-23

ParticularsAmount (in Rs. million)
Average net profit (sub-section (5) of section 135)Rs. 31,162.62
2% of average net profitRs. 623.25
Surplus from previous yearsNIL
Amount set-off requiredRs. 45.30
Total CSR obligationRs. 623.25

Table 2: CSR Expenditure for FY 2022-23

Expenditure TypeAmount (in Rs. million)
Projects (Ongoing & Others)Rs. 600.73
Administrative OverheadsRs. 29.82
Impact AssessmentRs. 1.19
Total SpentRs. 631.74

Table 3: Excess Amount for Set-Off

ParticularsAmount (in Rs. million)
2% of average net profitRs. 623.25
Total spent for the yearRs. 631.74
Excess amount spentRs. 8.49
Surplus from previous yearsNIL
Amount available for set-off in succeeding yearsRs. 8.49

In conclusion, MSIL has not only lived up to its CSR obligations but exceeded them, with an over-spending of Rs. 8.49 million. The company continues to be an exemplar in contributing to society’s betterment, all while ensuring financial accountability.

(India CSR)

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Tags: CSR in IndiaCSR of Maruti SuzukiR. C. Bhargava

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