A Study on Corporate Social Responsibility(CSR) Practices of Selected IT Companies in India

Abstract:

Business and society are closely related. Without the other, one cannot grow. Businesses have obligations to all parties involved, beyond only making money for the greater good of society. Therefore, it is morally required of business to further advancement in society. Therefore, by incorporating social, economic, and environmental factors into everyday operations, firms can address the issues of various stakeholders through the implementation of corporate social responsibility. Noteworthy initiatives have been made by Infosys, Wipro, Mahindra, TCS, and other companies. The New Companies Act of 2013 provided these companies with innovative ideas on how to grow sustainably and socially. Thus, this study attempts to analyze the corporate social responsibility (CSR) practices of Indian information technology companies and also highlights the CSR initiatives that the companies implement in accordance with new companies act-2013.