According to the 2021 Burgundy Private Hurun India 500 report, Tata Consultancy Services (TCS) has emerged as the highest employer of women in the country with over 1.9 lakh women employees.
Tata Consultancy Services employs a total of 5,28,748 employees, and women employees are above 36.2% of the total headcount of TCS.
Infosys comes second in the list with 1,00,321 women employees out of its total of 2,59,619 employees. However, women now comprise 38.6% of the total workforce of the company.
Infosys is followed by Wipro in the list with 72,000 female employees that are 35% of the total headcount of the company.
Interestingly, 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 make up 16% of the board of directors from the 2021 Burgundy Private Hurun India 500. As India’s economy grows and Burgundy Private Hurun India 500 becomes bigger, expect this percentage of women board directors to grow too.
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.
Women Reprentation on the Boards
According to the report, when it comes to women’s representation on the Boards, four companies 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 Companies from the 2021 Burgundy Private Hurun India 500 appointed 644 women directors on their boards.
The Burgundy Private Hurun India 500 is a list of the 500 most valuable non-state-owned companies in India, ranked according to their value, defined as market capitalization for listed companies, and valuations for non-listed companies. The cut-off date used was 30 October 2021.
To make it to the 2021 Burgundy Private Hurun India 500 list, companies are required to have a minimum value of INR 5,600 crore.
This list refers to companies headquartered in India only. State-owned companies and subsidiaries of foreign companies are not included.