Corporate India’s commitment to social development continued to strengthen in FY25, with Corporate Social Responsibility (CSR) spending rising 17% year-on-year to ₹40,794 crore, according to a report released by Fulcrum based on data from the Ministry of Corporate Affairs. 

As per the report the corporate sector’s cumulative investment over the past decade has now reached ₹2.61 lakh crore. 

The report also points to a broader participation by companies in CSR initiatives. 

 According to the report a total of 72,233 CSR projects were implemented nationwide, a 21% increase from the previous year, with an average project cost of ₹56.47 lakh per project..

The rise in project numbers indicates expanding outreach across sectors such as education, skill development, health, sanitation and environmental conservation, with companies focusing on both scale and impact, the report said. 

The top 10 companies accounted for 17% of the total CSR expenditure, collectively spending ₹7,123 crore, the report said.

Among individual companies, Reliance Industries Ltd. emerged as the highest CSR spender in FY25 with an outlay of ₹1,309 crore, followed by HDFC Bank Ltd. at ₹1,039 crore and Tata Consultancy Services Ltd. at ₹949 crore. 

Parthesh Vyas, Co-CEO of Fulcrum, said, “This year’s data tells a story of both momentum and imbalance. One notable exception is Gujarat, which has emerged as the country’s fastest-growing CSR destination. While national CSR spending increased by 17%, Gujarat’s total CSR investment rose by 68%, far outpacing the rest of India.”

“Over the past decade, CSR spending has grown by more than 300%, marking a significant milestone in India’s CSR journey. While India’s GDP grows at around 7%, CSR grows at an average of 15%” said Arun Mathai Marette, Co–CEO, Fulcrum.

Published - July 18, 2026 09:17 pm IST