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Adopting an inductive theory building approach through qualitative research methodology of data collection and analysis spread across six months, followed by inter-rater reliability testing using quantitative technique, this empirical study researches the meaning of the ‘social enterprise’ construct in the Indian context, and develops a conceptual framework that represents the construct. This sets an orientation needed for aspiring social entrepreneurs and social entrepreneurship researchers to ease out their understanding of the ‘social entrepreneurship’ phenomenon within the boundaries of an Indian context. The contested nature of the phenomenon in discourses across the globe is largely due to local/regional/national variations in practice. ‘Market Orientation’, ‘Social Value Creation’, ‘Social Entrepreneur’, and ‘Balanced Impact’ emerged as key constructs comprising Indian social enterprises. The principle philosophical paradigms for this theory construction are Social Constructionism and Interpretivism, which give impetus to reflective and analytical thought trials for extracting the conceptual framework interwoven in textual data. The study sets course for further research to refine the vocabulary list, identify conceptual densities, create scales for statistical inquiries, and enable further inclusiveness of the conceptual framework.

Social enterprises in the Indian context: conceptualizing through qualitative lens