According to a new report, Tata Consultancy Services (TCS) has emerged as the largest employer of women in India with over 1,78,357 women employees across its offices. According to the latest 2021 Burgundy Private Hurun India list of 500 most valuable companies, the company employs 5,06,908 employees, which is the highest in the country, with a value of Rs 13,09,488. The top 500 companies in the country employ over 6.9 million people with an average of 13,800 employees per company, according to the survey.
Infosys has grabbed the second position in the list with 1,00,321 women employees out of its total of 2,59,619 employees. Infosys is followed by Wipro in the list with 72,000 female employees. In the list of total employees, however, Quess Corp comes second with 3,63,136 employees including 61,733 women.
Women in Banking Sector
In the banking sector, ICICI Bank has the maximum number of women employees in the country with 31,059 women working for them. It is followed by HDFC Bank with 21,746 women employees. Reliance Industries, on the other hand, employs 19,561 women out of a total of 2,36,334 employees.
Women on Board of Directors
When it comes to the number of women on the Board of Directors, four companies have topped the table. Godrej Consumer Products, Apollo Hospitals Enterprise, Godrej Agrovet and India Cements have 5 women directors each. The top 500 companies studied in the report, have 644 women directors on their boards.
The list was compiled by Burgundy Private and Hurun India. It included 500 top private companies headquartered in India and excluded public and subsidiaries of foreign companies. The companies were required to have a minimum value of Rs 5,600 crore in order to be included in the list.
Women in Indian Workforce
Only 8.9 per cent of firms in India have women as top managers, according to the World Economic Forum (WEF) Global Gender Gap Report 2021. The report has also stated that the share of women in senior and managerial positions is at 14.6%. The estimated earned income of women in India is only one-fifth of men’s, which puts the country among the bottom 10 globally on this indicator. These findings portray the gender gap and an urgent need to bridge the same, for equitable development of the country.