In recent years, the financial crisis and the environmental upheavals that the globe is experiencing calls for systemic thinking on issues that affect human life. It is evident that in transition economies like India, the roles of the key actors namely the Government, the civil society, and the business (both Indian companies and MNCs in India) are changing and interdependencies across the three entities are increasing. Arguably, there is a need to examine the role of corporations in ways distinctly different from the current dominant discourse