ANALYSIS OF CSR EXPENSE ON HEALTH AND SPORTS OF SELECTED LARGE CAP INDIAN COMPANIES

Business activities are not merely the earning of profit but it also includes the return of the benefit to the society where the business works. The Companies Act of 2013 is the primary legislative framework governing Corporate Social Responsibility in India. This Act mandates that specific categories of companies engage in CSR initiatives. This study aims to analyse the amount spent by the large cap Indian companies of Cement, Pharmaceutical and Banking sectors on health and sports activities for the period from 2012-13 to 2021-22. Simple growth rates, average annual growth rates, compound annual growth rates and Independent Samples t-test have been used to analyse the data. The study found that pharmaceutical sector spent the highest CSR expense on health while the banking sector spent the highest CSR expense on sports during the study period. However, there is no significant difference between the amount spent on health and sports activities by large cap Indian companies of the selected sectors. The study also suggests the large cap Indian companies of the said sectors to increase the CSR expense on health and sports activities to total CSR expense spent.