The vedic philosophy of “Sarva loka hitam” i.e. ‘‘the well-being of all stakeholders”, has regained importance in the current business environment. The concept has evolved over the years and now used as strategy and a business opportunity to earn stakeholder goodwill.

CSR is slightly different from Charity and Philanthropic activities.

It’s a legal responsibility that casts upon a corporate body to address the socio-economic-environment issues being faced by the nation.
Previously there was a religious tradition of ‘daan and seva’, which were operated in India, helping to shape the relationship between the privileged and the deprived.

At a later stage, corporate bodies started doing this activity through trusts and institutions, controlled by members of business families. Corporate bodies can make a huge social impact for a better future while getting many indefinable benefits in return.