The broad rationale for a new set of ethics for corporate decision making, which clearly constructs and upholds an organization’s social responsibility, arises from the fact that a business enterprise derives several benefits from society, which must, therefore, require the enterprise to provide returns to society as well. This, therefore, clearly establishes the stake of a business organization in the good health and wellbeing of a society of which it is a part. More importantly, in this age of widespread communication and growing emphasis on transparency, the managers should help their company in development of a CSR management and reporting framework. 

The more the concepts of CSR are fostered and integrated into the business process, the easier it will be to benefit from alternative thinking and perhaps handle the occasional problems that for certain will occur. The more integrated the business process within the value chain, the more opportunity there will be for organizations to influence the approaches of others on whom they depend. The concept of CSR includes the openness or transparency of companies as well as taking into consideration the will and expectations of their stakeholders.

The main purpose of the study is to reveal whether there is any identifiable gap between shareholders value and social responsibilities in Indian corporate scenario. Whether both the element can coexist quite well. Whether CSR means that a company’s business model should be socially responsible and environmentally sustainable.

The paper also aims to analyze some of the international research evidence on the effects associated with the introduction of CSR in the corporate houses and seeks to evaluate the state of introduction of similar modal in Indian context.

The present study is based on both primary and secondary data. The secondary data is collected from various sources like books, journals, reports, etc., available in both print and electronic medias. The primary sources of data are of a case study-based survey.