International Journal of Multidisciplinary Research and Development

International Journal of Multidisciplinary Research and Development


International Journal of Multidisciplinary Research and Development
International Journal of Multidisciplinary Research and Development
Vol. 4, Issue 7 (2017)

Corporate social responsibility practices in select software firms of India: need for a holistic approach


Prashant Vithal Kadam

Corporate social responsibility has come a long way from the pre-independence to its present mandatory form in terms of Sec 13(1) of the companies Act, 1956. This has widely influenced the various companies irrespective of its sectoral nature. Though many companies did showed their accountability towards their commitment to society and the environment, but many of them were found to spend less than the required amount and in some cases some companies were not even bothered much about their social responsibility. The present study has explored the trends in the social responsibility of the corporate world in general and software industry in specific. It aims at finding the accountability of the select top software firms in India and the challenges faced by it in implementing the norms of social corporate responsibility. The study found that the software industry of India which had become highly competitive in past decade is still in its infancy stage in terms of the corporate responsibility. Many firms are yet to adopt it as a way of doing its corporate business. Some firmís contribution to the society has been existing before the amendment of the companies Act which made it mandatory for the Indian firms to share its 2% of its earnings for the betterment of the society and the environment. Though Ghandhiji realised the importance of the social commitment very early in terms of trusteeship, the Indian government realised it very late. But there are still many anomalies to be resolved for a better and a balanced corporate world aiming at the maximisation of its revenue.
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How to cite this article:
Prashant Vithal Kadam. Corporate social responsibility practices in select software firms of India: need for a holistic approach. International Journal of Multidisciplinary Research and Development, Volume 4, Issue 7, 2017, Pages 419-424
International Journal of Multidisciplinary Research and Development