CSR PRACTICES IN INDIA: A CASE STUDY ON TATA CONSULTANCY SERVICES LIMITED (TCS)

Abstract

Corporate Social Responsibility (CSR), which is described as a company’s ability to respond to the judicial, moral, social and environmental demand of its stakeholders, has received more attention in recent times. CSR focuses on the advantages of all stakeholders as opposed to just the shareholders. CSR initiatives are becoming more and more crucial for commercial entities to establish credibility and transparency in the communities where they operate. According to section 135 of the 2013 Companies Act, corporates that meet specified threshold for net profit, turnover and net worth are expected to spend 2% of their average net profit over the previous 3 years on CSR programs. The software giant and IT service provider in India and a BSE and NSE listed firm, Tata Consultancy Services (TCS), has been investing heavily in CSR over the past few years. This study illustrates how TCS in India is implementing & adapting CSR practices and their commitment towards transforming and upliftment of the society. The analysis is mostly based on secondary data regarding actual CSR expenditure and budget of TCS from the FY 2017-18 to FY 2021-22. The study concentrates on aspects like CSR activities, CSR spending patterns and the effect of CSR on the share prices of TCS.