NEW DELHI: IT major
Tata Consultancy Services
has emerged as the most profitable company for the last two years with a net profit of Rs 409 billion in FY21 and Rs 419 billion in FY20.
According to data revealed by the Minister of Corporate Affairs Rao Inderjit Singh, TCS,
Indian Oil, RIL,
Infosys and Bharat Petroleum were the top five most profitable companies of financial year 2021 while TCS, RIL, Infosys,
ONGC and ITC were the most profitable companies of FY20.
Rao also informed Parliament that
India Inc
has spent Rs 1.09 lakh crore towards various CSR activities in the last seven financial years on issues like health, education and poverty eradication, among others.
On the basis of filings made by the companies in the MCA21 registry till September 30, 2021, a cumulative amount of Rs 85,109.09 crore has been spent by companies under CSR during the financial years 2016-17 to 2020-21, Singh said. Out of the total amount, Rs 46,654.52 crore have been spent by the top 100 companies during the same period.
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