Social media platforms were conceived to act as online
town squares' where people could get together, share information and communicate with each other peacefully. However, harmful content borne out of bad actors are constantly plaguing these platforms slowly converting them intomosh pits' where the bad actors take the liberty to extensively abuse various marginalised groups. Accurate and timely detection of abusive content on social media platforms is therefore very important for facilitating safe interactions between users. However, due to the small scale and sparse linguistic coverage of Indic abusive speech datasets, development of such algorithms for Indic social media users (one-sixth of global population) is severely impeded.To facilitate and encourage research in this important direction, we contribute for the first time MACD - a large-scale (150K), human-annotated, multilingual (5 languages), balanced (49\% abusive content) and diverse (70K users) abuse detection dataset of user comments, sourced from a popular social media platform - ShareChat. We also release AbuseXLMR, an abusive content detection model pretrained on large number of social media comments in 15+ Indic languages which outperforms XLM-R and MuRIL on multiple Indic datasets. Along with the annotations, we also release the mapping between comment, post and user id's to facilitate modelling the relationship between them. We share competitive monolingual, cross-lingual and few-shot baselines so that MACD can be used as a dataset benchmark for future research.