The Corporate Social Responsibility (CSR) Act is a legislation in India that requires certain companies to set aside a portion of their profits for social development activities. The act applies to companies with a net worth of INR 500 crore (about USD 70 million) or more, or a turnover of INR 1,000 crore (about USD 140 million) or more, or a net profit of INR 5 crore (about USD 700,000) or more in any financial year. Under the act, companies are required to spend at least 2% of their average net profits for the immediately preceding three financial years on CSR activities.

Here are the top 10 CSR-spending companies operating in India as per market capitalisation:

1. Reliance Industries Limited

The company spent Rs. 1186 crores on its CSR initiatives in FY2021-22.

2. Tata Consultancy Services Limited

The company spent Rs. 727 crores on its CSR initiatives in FY2021-22.

3. HDFC Bank Limited

The company spent Rs. 736.01 crores on its CSR initiatives in FY2021-22.

4. ICICI Bank Limited

The company spent Rs. 266.62 crores on its CSR initiatives in FY2021-22.

5. Infosys Limited

The company spent Rs. 344.91 crores on its CSR initiatives in FY2021-22.

6. Hindustan Unilever Limited

The company spent Rs. 157.58 crores on its CSR initiatives in FY2021-22.

7. State Bank of India

The bank spent Rs. 204.10 crores on its CSR initiatives in FY2021-22.

8. Housing Development Finance Corporation Limited

The company spent Rs. 194.03 crores on its CSR initiatives in FY2021-22.

9. Adani Enterprises Limited

The company spent Rs. 12.87 crores on its CSR initiatives in FY2021-22.

10. Bharti Airtel Limited

The company spent Rs. 16.43 crores on its CSR initiatives in FY2021-22.

Source: https://thecsrjournal.in/top-companies-india-csr-sustainability-2022/