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Top 10 Largest Employers in India

Top 10 Largest Employers in India

The development of technology and rising automation is changing the way people work. While it is eating up the traditional jobs, it is also creating new jobs at the same pace.

According to the Hurun India 500 list from 2021, at least 139 Indian companies have a workforce of more than 10,000. Name the sector that is the largest employer in India, One of  Top 10 Largest IT companies in India is Tata Consultancy Services (TCS). With 5.06 lakh employees, the IT behemoth TCS is followed by Quess Corp, which has 3.63 lakh.

According to Hurun, despite the fact that thousands of individuals lost their employment in the last two years owing to an unanticipated pandemic, these Indian enterprises continue to employ a sizable workforce. Here, in this blog article, we brought to you the biggest employers in India. Read on!

10. Reliance Industries Limited: 1.94 lakh people
9. State Bank of India (SBI): 2.50 lakh
8. Infosys: 2.59 lakh
7. Larsen & Toubro: 3.6 lakh
6. Quess Corporation: 3.83 lakh
5. India Post: 4.66 lakh
4.Paramilitary: 8.90 lakh
3. Tata group:9.35 lakh
2. Indian Railways: 12 lakhs
1. Indian Armed Forces: 14 lakhs

10. Reliance Industries Limited: 1.94 lakh people

India’s favourite company, Reliance Industries Limited, ranks 10 on our list. RIL, one of the most prosperous businesses of India, is headquartered in Mumbai.

Currently Reliance employs more than 2,30,000 people which makes it one of the largest private employers in India. During the pandemic years, it helped the Indian economy create over 75,000 new employment. Being a top employer, Reliance works to provide its staff with a just, welcoming, emotionally fulfilling, and professionally supportive environment. The Company’s efforts led to its inclusion on LinkedIn’s list of the Top 25 workplaces in India.

9. State Bank of India (SBI): 2.50 lakh

With its corporate office in Mumbai, Maharashtra, State Bank of India (SBI) is a statutory organisation for financial services and a global public sector bank. SBI, the sole Indian bank on the Fortune Global 500 list of the largest firms in the world in 2020, is the 49th-largest bank in the world by total assets and is rated 221st overall.

It is a public sector bank and the biggest bank in India, with a 25% percent of the overall loan and deposit market and a 23% market share for assets. With approximately 250,000 workers, it ranks as India’s 9th largest employer on this list. State Bank of India crossed the $5 trillion market capitalization threshold on the Indian stock exchanges for the first time on September 14, 2022, becoming the third lender (after HDFC Bank and ICICI Bank) and eighth Indian firm to do so.

Employing a huge number of people, SBI ranks among the largest employers in the world. The workforce of female employees is close to 26%. Officer, Associate, and Subordinate staff percentages were 44.28%, 41.03%, and 14.69%, respectively. Throughout the fiscal year 2020–21, each employee contributed a net profit of 828,350 (US$10,000).

8. Infosys: 2.59 lakh

A multinational information technology firm based in India, Infosys Limited offers business consulting, IT, and outsourced services. The business’s headquarters are in Bangalore; however, it was formed in Pune. Infosys, One of The Top 10 Leading Companies in India, employs 2.59 lakh people at present and is 8th biggest employer of India.

Business consulting, information technology, and outsourcing services are all offered by Infosys Limited, a multinational information technology company based in India. Though the company was established in Pune, its headquarter is in Bangalore. According to 2020 revenue estimates, Infosys is the second-biggest Indian IT business after Tata Consultancy Services, and it is ranked as the 602nd largest public company in the world by Forbes Global 2000.

On August 24, 2021, Infosys became the fourth Indian company to have a market valuation of $100 billion.

7. Larsen & Toubro: 3.6 lakh

With operations in engineering, construction, manufacturing, technology, and financial services, Larsen & Toubro Ltd., also known as L&T, is an Indian multinational company with headquarters in Mumbai. The business is ranked among the top five construction firms worldwide.

The corporation had 55,332 permanent employees as of the end of January 2022, of whom 2,822 (5.29%) were women and 90 (0.1012%) had impairments. In the same time frame, the corporation employed 293,662 people on a contract basis.

6. Quess Corporation: 3.83 lakh

Although this staffing solution provider employs more people than TCS in India, most engineers have never ever heard of it. Despite this, it is the second-highest private sector employer in India. Because TCS has a greater overall staff strength than Quess Corporation, including TCS personnel abroad, it is the reason why it is not before TCS in the largest employers’ list. In India, 3.83 lakh people are employed by the Bangalore-based Quess Corporation.

5. India Post: 4.66 lakh

Government-run postal service India Post is a branch of the Department of Post under the Ministry of Communications. It is the most widely used postal system in the entire globe and is commonly referred to as the Post Office. Over 4.66 lakh people work for the government-run postal service known as India Post.

In 1766, Warren Hastings undertook the initiative on behalf of the East India Company to launch the nation’s first postal service. When it first started, it was known as “Company Mail.” In 1854, Lord Dalhousie changed it and made it a Crown service. The India Post Office Act of 1854, which considerably improved upon the 1837 Post Office Act, which had established regular post offices in India, was passed with Dalhousie’s assistance and included the introduction of standard postage rates (universal service). For the entire nation, it created the role of Director General of Post.

Delivering mail (post), sending money via money orders, accepting deposits for Small Savings Schemes, offering Postal Life Insurance (PLI) and Rural Postal Life Insurance (RPLI) life insurance coverage, and offering retail services like bill collection and the sale of forms are all included in its scope. The DoP also represents the Indian government in providing various services to its inhabitants, such as payment of old age pensions and wage distribution under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS). The largest postal network in the world is India Post, which has 154,965 post offices (as of March 2017).

4. Paramilitary: 8.90 lakh

A paramilitary is an organisation that resembles a professional military in terms of structure, tactics, training, subculture, and (often) function, but it is not an official or legitimate member of a nation’s armed forces. Paramilitary units perform tasks that a nation’s military or police forces are unable or unwilling to perform. Even though they lack weapons or a combat function, other groups may be classified as paramilitaries based solely on their organisational structure.

In times of peace, paramilitaries are frequently tasked with guarding important locations like government buildings, infrastructure, airports, seaports, or borders. They might also be assigned to perform counterterrorism or VIP protection duties. They might be temporarily transferred out of the paramilitary depending on the organisation they work for; for instance, police tactical unit members might be given patrol responsibilities until they are required again.

3. Tata group: 9.35 lakh

The Tata group, a multinational corporation with its headquarters in India, was established by Jamsetji Tata in 1868. With the goal of “improving the quality of life of the communities they serve globally through long-term stakeholder value creation based on Leadership with Trust,” the organisation operates in more than 100 countries across six continents.

Tata Sons, the promoter holding firm, has charitable trusts holding 66% of its equity, giving back money to the community. Due to its 150-year commitment to upholding moral principles and ethical business practices, the Tata name has long been revered throughout India. One of the Top 10 Largest Companies in India, Tata group’s businesses only hire the best and brightest, supported by a culture of ethics and integrity. With 702,454 current personnel, the organisation stands strong.

2. Indian Railways: 12 lakhs

The government of India’s Ministry of Railways owns Indian Railways (IR), a statutory organisation that manages the country’s entire train network. As of the end of March 2022, its total route length was 68,103 km (42,317 mi), making it the fourth largest national railway system in the world by size. By the first day of April 2022, electrified 25 kV 50 Hz AC electric traction will be used on 52,247 km (32,465 mi), or 83% of all broad-gauge railways.

Rolling fleet for Indian Railways as of March 2020 included 12,729 locomotives, 76,608 passenger coaches, and 2,93,077 freight waggons. At many places across India, IR owns production facilities for locomotives and coaches. As of March 2020, it employed 1.254 million people, ranking as the eighth-largest employer globally. The government has pledged to electrify all of India’s train lines by 2023–2024 and transform them into “net zero (carbon emissions) railways” by 2030.

1. Indian Armed Forces: 14 lakhs

The Indian Armed Forces, often known as the Republic of India’s Armed Forces, are the country’s largest employer. Three professional uniformed forces make up this group: the Indian Army, Indian Navy, and Indian Air Force. The Indian Armed Forces are supported by the Central Armed Police Forces, Assam Rifles, Indian Coast Guard, Special Frontier Force, as well as a number of inter-service commands and organisations such the Strategic Forces Command, the Andaman and Nicobar Command, and the Integrated Defence Staff.

While the President of India is the Supreme Commander of the Indian Armed Forces, the Prime Minister of India and their chosen Cabinet Ministers are in charge of executive decisions regarding national security.

The Ministry of Defence of the Government of India is in charge of the Indian Armed Forces. It is the second-largest military in the world and has the biggest volunteer army, with a strength of over 1.4 million active personnel. Additionally, it has the third-largest defence budget worldwide. It is ranked as the fourth-most powerful military according to the Global Firepower Index assessment.

FAQs

Q.1- Who is the largest employer in India?

The Indian Armed Forces, often known as the Republic of India’s Armed Forces, are the country’s largest employer. Three professional uniformed forces make up this group: the Indian Army, Indian Navy, and Indian Air Force.

The Indian Armed Forces are supported by the Central Armed Police Forces, Assam Rifles, Indian Coast Guard, Special Frontier Force, as well as a number of inter-service commands and organisations such the Strategic Forces Command, the Andaman and Nicobar Command, and the Integrated Defence Staff. While the President of India is the Supreme Commander of the Indian Armed Forces, the Prime Minister of India and their chosen Cabinet Ministers are in charge of executive decisions regarding national security.

Q.2- Which are the top 10 biggest companies in India?

  1. Tata Consultancy Services (TCS)
  2. Quess Corp
  3. Larsen & Toubro
  4. Infosys
  5. Reliance Industries
  6. Wipro
  7. HCL Technologies
  8. Motherson Sumi Systems
  9. SIS
  10. HDFC Bank

Q.3- What are the top 10 largest employers in the world?

  • Foxconn: 1.3 million
  • Amazon: 1.3 million
  • National Health Service of the UK: 1.34 million
  • Indian Railways: 1.4 million
  • Indian Armed Forces: 1.45 million employees
  • China National Petroleum Corporation: 1.5 million
  • McDonald’s:1.7 million
  • People’s Liberation Army (PLA): 2.185 million
  • Walmart: 2.2 million
  • The US Department of Defence: 2.86 million people

Q.4- What are the top 10 Largest Employers in India?

  • Reliance Industries Limited: 1.94 lakh people
  • State Bank of India (SBI): 2.50 lakh
  • Infosys: 2.59 lakh
  • Larsen & Toubro: 3.6 lakh
  • Quess Corporation: 3.83 lakh
  • India Post: 4.66 lakh
  • Paramilitary: 8.90 lakh
  • Tata group:9.35 lakh
  • Indian Railways: 12 lakhs
  • Indian Armed Forces: 14 lakhs

Q.5- Which sector is the largest employer in India?

The agricultural sector is the largest employer in India. Almost 51% of the population participates in this segment in some capacity. However, because of the following factors, its contribution to the national GDP is quite modest. Due to the very small average size of land holdings, there is very little productivity per holder. fewer farmers are using contemporary technology and knowledge to boost crop yield.

Since independence, the processes for delivering funding and marketing resources have been inadequate. The credit facilities and access to major markets do not benefit the farmers in any way. The lack of alternative sources of income in rural locations leads to disguised unemployment, when a skilled labour force is underutilised.

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