The largest employers in India include companies, the military, railway and the government. To keep the list manageable in length, only those companies/employers which have at least 100,000 employees are included in the list. [1]
Both private and public companies are included in this list, while conglomerate-level group entities are excluded.
Rank | Employer | Employees | Year | Industry | Country | References [2] |
---|---|---|---|---|---|---|
1 | Indian Armed Forces | 1,400,000 | 2021 | Defence | India | [3] [4] |
2 | Indian Railways | 1,212,882 | 2022 | Transportation | India | [5] [6] |
3 | Paramilitary forces of India | 1,065,000 | 2021 | Defence | India | [3] [4] |
4 | Tata Consultancy Services | 606,998 | 2024 | IT | India | [7] |
5 | QUESS Corp | 597,000 | 2024 | Services | India | |
6 | India Post | 416,083 | 2021 | Communications | India | [3] [4] |
7 | UP Police | 332,414 | 2024 | State Police | India | [8] [9] |
8 | Infosys | 317,240 | 2024 | IT | India | [3] [4] |
9 | Accenture | 300,000 | 2022 | IT | Ireland | [10] |
10 | Cognizant | 254,000 | 2023 | IT | United States | [11] |
11 | Coal India | 248,550 | 2022 | Coal mining | India | [12] [8] |
12 | Reliance Retail | 245,581 | 2023 | Retail | India | [13] |
13 | State Bank of India | 232,296 | 2024 | Banking | India | [3] [4] |
14 | Wipro | 231,671 | 2021 | IT | India | [3] [4] |
15 | HDFC Bank | 213,527 | 2024 | Banking | India | [14] |
16 | HCLTech | 208,877 | 2022 | IT | India | [3] [4] |
17 | Capgemini | 175,000 | 2024 | IT | France | [15] |
18 | IBM | 130,000 | 2017 | IT | United States | [16] |
19 | ICICI Bank | 126,660 | 2023 | Banking | India | [17] |
20 | Tech Mahindra | 125,000 | 2021 | IT | India | [18] |
24 | Deloitte | 120,000 | 2023 | Professional services | United Kingdom | [19] |
21 | Life Insurance Corporation of India | 114,000 | 2021 | Insurance | India | [3] [4] |
22 | Axis Bank | 104,333 | 2024 | Banking | India | [20] |
23 | Punjab National Bank | 102,349 | 2024 | Banking | India |
Infosys Limited is an Indian multinational information technology company that offers business consulting, information technology, and outsourcing services. Founded in Pune, the company is headquartered in Bangalore.
Tata Consultancy Services (TCS) is an Indian multinational corporation specializing in information technology services and consulting. Headquartered in Mumbai, it is a part of the Tata Group and operates in 150 locations across 46 countries. TCS is the second-largest Indian company by market capitalization.
Reliance Industries Limited is an Indian multinational conglomerate headquartered in Mumbai. Its businesses include energy, petrochemicals, natural gas, retail, entertainment, telecommunications, mass media, and textiles. Reliance is the largest public company in India by market capitalisation and revenue, and the 100th largest company worldwide. It is India's largest private tax payer and largest exporter, accounting for 7% of India's total merchandise exports. The company has relatively little free cash flow and high corporate debt.
State Bank of India (SBI) is an Indian multinational public sector bank and financial services statutory body headquartered in Mumbai, Maharashtra. It is the 48th largest bank in the world by total assets and ranked 178th in the Fortune Global 500 list of the world's biggest corporations of 2024, being the only Indian bank on the list. It is a public sector bank and the largest bank in India with a 23% market share by assets and a 25% share of the total loan and deposits market. It is also the tenth largest employer in India with nearly 250,000 employees. In 2024, the company’s seat in Forbes Global 2000 was 55.
National Stock Exchange of India Limited (NSE) is one of the leading stock exchanges in India, based in Mumbai. NSE is under the ownership of various financial institutions such as banks and insurance companies. It is the world's largest derivatives exchange by number of contracts traded and the third largest in cash equities by number of trades for the calendar year 2022. It is the 8th largest stock exchange in the world by total market capitalization, exceeding $5 trillion on May 23, 2024. NSE's flagship index, the NIFTY 50, is a 50 stock index that is used extensively by investors in India and around the world as a barometer of the Indian capital market. The NIFTY 50 index was launched in 1996 by NSE.
ICICI Bank Limited is an Indian multinational bank and financial services company headquartered in Mumbai with a registered office in Vadodara. It offers a wide range of banking and financial services for corporate and retail customers through various delivery channels and specialized subsidiaries in the areas of investment banking, life, non-life insurance, venture capital and asset management.
Housing Development Finance Corporation was an Indian private sector mortgage lender based in Mumbai. It was the biggest housing finance company in India. It also had a presence in banking, life and general insurance, asset management, venture capital and deposits through its associate and subsidiary companies.
Reliance Capital Limited is an Indian diversified financial services holding company promoted by Reliance Anil Dhirubhai Ambani Group. Reliance Capital, a constituent of Nifty Midcap 50 and MSCI Global Small Cap Index, is a part of the Reliance Group. It is amongst India's leading and most valuable financial services companies in the private sector. As on 31 March 2017, the net worth of the company stood at ₹16,548 crore, while its total assets as on the date stood at ₹82,209 crore. In Fortune India 500 list of 2018, Reliance Capital was ranked as the 77th largest corporation in India with 5th rank in 'Non-Banking Finance' category.
HDFC Bank Limited is an Indian banking and financial services company, headquartered in Mumbai. It is India's largest private sector bank by assets and the world's tenth-largest bank by market capitalization as of May 2024.
Bharti Enterprises Limited is an Indian multinational conglomerate, headquartered in Delhi. It was founded in 1976 by Sunil Bharti Mittal. Bharti Enterprises owns businesses spanning across telecommunications, manufacturing, insurance, real estate, hospitality, and food. The group's flagship company, Bharti Airtel, is a telecom service provider with operations in more than 18 countries across Asia, Africa and Europe. The company ranks amongst the top two mobile network operators globally by number of subscribers.
ICICI Lombard General Insurance Company Limited is a general insurance company located in India. ICICI is engaged with general insurance, reinsurance, insurance claims management and investment management.
Axis Bank Limited, formerly known as UTI Bank (1993–2007), is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra. It is India's third largest private sector bank by assets and fourth largest by market capitalisation. It sells financial services to large and mid-size companies, SMEs and retail businesses.
Nayara Energy is an Oil Refining and Marketing company that owns and operates Vadinar refinery located at Vadinar, Gujarat, India with a capacity of 20MMTPA, making it the second largest in India.
Chanda Kochhar is an Indian banker. She was the managing director (MD) and chief executive officer (CEO) of ICICI Bank from 2009 to 2018 She resigned from her positions in 2018 due a case of conflict of interest. Subsequently, she was fired by ICICI Bank, a decision which was later upheld by the Supreme Court of India.
Yes Bank is an Indian private sector bank, headquartered in Mumbai, catering to retail customers, MSMEs, and corporate clients. The bank was founded by Rana Kapoor and Ashok Kapur. Its network is spread across 300 districts in India and comprises 1,198 branches, 193 BCBOs and 1,287+ ATMs.
Firstsource Solutions Limited is an Indian business process management company headquartered in Mumbai, India. It is owned by RP-Sanjiv Goenka Group.
Shikha Sharma is an Indian economist and banker. She was the managing director and CEO of Axis Bank from 2009 to 2018. She also worked for nearly thirty years at the ICICI Group, across its bank and insurance companies.
Justdial is an Indian internet technology company that provides local search for different services in India over the phone, website and mobile apps. Founded in 1996 by V. S. S. Mani, the company is headquartered in Mumbai, India. In addition to its headquarters, Justdial has offices in Ahmedabad, Bangalore, Chandigarh, Chennai, Coimbatore, New Delhi, Hyderabad, Jaipur, Kolkata, and Pune. In 2020, Justdial had 10,984 employees, and a database of approximately 29.4 million listings and 536,236 active paid campaigns. On 16 July 2021, Reliance Retail acquired a 66.95% stake in Justdial for ₹3,497 crores.
ICICI Prudential Life Insurance Company Limited is an Indian life insurance company in India. Established as a joint venture between ICICI Bank Limited and Prudential Corporation Holdings Limited, ICICI Prudential Life is engaged in life insurance and asset management business. In 2016, the company became the first insurance company in India to be listed in the domestic stock exchanges.