India has the world’s richest tradition of Corporate Social Responsibility. Though the term Corporate Social Responsibility is comparatively new, the concept itself dates back to over thousands of years. The concept of Corporate Social Responsibility is not new to India. From time immemorial the concept is followed in one or the other way through different names and dimensions. In the beginning people brought this concept under the religion and people of that religion followed it as a mark of respect. Several scholars have mentioned instances of CSR in their own way. No doubt CSR is an old concept. But it was not codified nor was a compulsion to the companies. But after passing of The Companies Act, 2013 the CSR has got a complete legal effect under Section 135 of the Act read with schedule VII. An age old concept has gone through different stages of evolution and got a new shape. In this emerging corporate era, the concept has become so inevitable in the today’s corporate world. As the concept is codified recently, there is a need for refining the concept to certain extent removing all its loopholes in the future.