In a world where corporate responsibility is no longer just a buzzword but a business imperative, conglomerates like Vedanta Limited remain ahead and the latest published 10th annual Tax Transparency Report (TTR) proved it. The natural resources giant has shown its commitment to accountability, business ethics, and sustainable development. At a time when several corporations remain silent about presenting accurate financial reports, companies like Vedanta stand out for voluntarily disclosing Vedanta tax records, marking a pivotal shift in corporate transparency in India.

Vedanta is one such corporation, which is not merely doing business and earning profits, in fact is contributing to nation building by paying taxes to the exchequer, creating jobs and reducing import dependence by building domestic capabilities.

A Decade of Voluntary Reporting

Vedanta’s Tax Transparency Report for FY 2024-25 marks a milestone in responsible corporate reporting. Unlike many companies that only release such facts when asked by the regulators, Vedanta has been doing it voluntarily from so many years. This reflects a core philosophy of the company in building public trust through proactive disclosure.

According to the annual Tax Transparency Report, over the last ten financial years (FY2015- 16 to FY2024- 25), Vedanta has contributed a whopping amount of ₹4.48 lakh crore to governments globally, out of which ₹55,349 crores has been paid in FY2024- 25 alone. This amount represents 37% of the company’s consolidated revenue. These numbers don’t just show financial strength, but make Vedanta one of the key contributors to national progress.

State-Level Contributions

Beyond making valuable contributions to the nation’s growth, Vedanta remains focused on transforming regional economies. The states of Rajasthan and Odisha are the key hubs for Vedanta’s operations, which have benefited significantly in FY 2024-25. In India, Vedanta operates in 15 states, with Rajasthan’s operations contributing ₹25,436 crore and Odisha operations ₹9,176 crore to the exchequer in FY25.

The amount paid by the company in the form of Vedanta tax support infrastructure development, healthcare, education, and public services, particularly in areas near Vedanta’s mining and smelting operations. Such activities demonstrate how private sector enterprises like Vedanta play a direct role in empowering regional growth.

Business Growth with Responsibility

For Vedanta, FY 2024-25 wasn’t just about tax milestones rather it also a year of strong business performance:

• Revenue: ₹1.51 lakh crore (the highest ever)

• EBITDA: ₹43,541 crores (19% YoY growth and second-highest ever)

These figures demonstrate Vedanta’s operational success and how it is contributing towards developing the nation. Furthermore, Vedanta tax contributions also illustrate that sustainable business growth and national interest are not mutually exclusive. By voluntarily disclosing its tax payments, Vedanta is not only complying with governance norms but also putting a stop to baseless allegations related to Vedanta tax evasion.

Vedanta’s move comes at the most crucial time as the public confidence in large corporations is under pressure due to growing environmental awareness and scrutiny of corporate behaviour. In this context, Vedanta’s proactive steps show that businesses can remain profitable while being ethical and transparent.

A Model for Corporate India

Vedanta’s commitment to tax transparency and timely payment of all taxes, including Vedanta GST, serves as a template for other large corporations in India. The Tax Transparency Report exemplifies Vedanta’s Track Record, making Indian industry more accountable and globally competitive.

According to Priya Agarwal Hebbar, Chairperson, Hindustan Zinc and Non-Executive Director at Vedanta, the company places a strong emphasis on governance. The company remains deeply committed to practices that ensure fairness, are rooted in ethics, and focus on long-term value creation. The publication of this report for 10 consecutive years reflects the company’s belief in governance not as a compliance exercise, but as a cornerstone of corporate citizenship.

Final Thoughts

Vedanta’s ₹4.48 lakh crore contribution to governments over a decade is more than a financial statistic. It is a clear declaration of the company’s intent to be a partner in nation-building, not just a profit-driven enterprise.

By choosing Vedanta tax transparency and public contribution over mere compliance, the company sets a new benchmark in the natural resources sector. Vedanta’s growth journey is not just a story of numbers; it’s a story of integrity, resilience, and long-term vision.

With India moving toward becoming a $5 trillion economy, the role of transparent, responsible corporate citizens like Vedanta is important. And for businesses looking to turn reputational challenges into opportunities for leadership, this Tax Transparency Report is a playbook worth following.