To understand the stakeholder engagement approach and Corporate Social Responsibility (CSR) challenges by MNCs and other stakeholders, stakeholder management, and sustainable development. Major challenges such as poverty, illiteracy, hunger, malnourishment, Etc. The company has obligations to the welfare of society because the Indian government mandates that businesses spend 2% of their net profits on CSR. A case study was conducted on CSR initiatives by MNCs based on malnourishment in the Maharashtra district of Palghar as a part of this research.According to the study's findings, MNCs have successfully taken a multi-stakeholder approach to the malnourishment problem by collaborating with the local communities, NGOs, and government. It has helped to bring a diversified group together and establish a local area network for its policy advocacy.

CSR Challenges, Malnourishment, Stakeholder Engagement, Sustainable Development