On the background of Economic Policy 1991 various changes took place in our economy. New foreign companies were opened in India which contributes in the Indian economy. CSR is the process of corporate self regulation treated as the integral part of business model. Corporate social responsibility is also known as the corporate conscience, corporate citizenship, social performance, sustainable responsible business. Corporate social responsibility involves corporations, states, international organizations and civil society organizations. It has emerged as a global trend. CSR in India has traditionally been seen as a philanthropic activity. It contributes equally into social development. India is a country of myriad contradictions. On the one hand, it has grown to be one of the largest economies in the world, and an increasingly important player in the emerging global order, on the other hand, it is still home to the largest number of people living in absolute poverty and the largest number of undernourished children. What emerges is a picture of uneven distribution of the benefits of growth which many believe, is the root cause of social unrest. Companies too have been the target of those perturbed by this uneven development and as a result, their contributions to society are under severe scrutiny.