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Corporate Social Responsibility (CSR) is not a new concept in India. However, what is new is the shift in focus from making profits to meeting societal challenges. CSR initiatives can contribute to reputational advantages such as increased trust in investors, new market opportunities and positive reactions of capital markets. Roberts and Dowling (2009) expressed that the value of a positive reputation is “precisely because the development of a good reputation takes considerable time, and depends on a firm making stable and consistent investments over time”. CSR pushed the managers to consider how best they could utilize this platform for addressing issues such as organizational actions, concern for society and the environment influence that might lead to the competitive advantage of firms. The term Globalization is used to refer specifically to economic globalization the integration of national economies into the international economy through trade, foreign direct Investment, capital flows, migration, and the spread of technology. However, globalization is usually recognized as being driven by a combination of economic, technological, socio-cultural, political, and biological factors. Globalization has changed Corporate Social Responsibility, the boundaries between domestic and foreign industry and between in-house and out-houses activities which had led corporate to view from both political and economic view. On one side multinational company have taken the role of state and thus they should behave responsibly and on the other hand they need to have corporate social behaviour in order to protect their image.