Introducing the 2023 Top Employers of India!

IT Companies has the highest strength of employees.

Approx 30 % of total number of employees in India Inc comprises by top 10 companies

No. Of Employees
(% share of total
employees of ,listed
CO_NAME No of Employee – FY23 co.)
TCS 614795 8.0
Infosys 272665 3.5
Coal India 239210 3.1
St Bk of India 235858 3.1
HDFC Bank 173222 2.3
SIS 157569 2.1
ICICI Bank 129020 1.7
HCL Technologies 121306 1.6
Tech Mahindra 106222 1.4
Punjab Natl.Bank 104120 1.4

Companies having highest expenditure of salaries

IT companies again having momentum in paying highest salaries to employees.

Salaries
CO_NAME Salaries - FY23 Salaries - FY19
TCS 114359.0 70642.0
Infosys 75239.0 43894.0
St Bk of India 61920.9 43795.0
Wipro 51606.3 28900.5
HCL Technologies 48717.0 25649.0
Life Insurance 40134.9 19904.5
Coal India 38644.4 28542.1
Larsen & Toubro 33989.8 15760.6
Tata Motors 27372.4 26509.0
Mindpool Tech. 25714.0 17.5
Staff Welfare expenses on a growing trend in India.

Top Companies having highest expenditure of staff welfare expenses.

Staff Welfare Expenses

Staff Welfare Expenses - Staff Welfare Expenses -
CO_NAME
FY 23 FY19
Tata Motors 4018.8 3849.4
TCS 3519.0 2296.0
Coal India 2395.8 2150.0
Reliance Industries 2247.0 977.0
Hindalco Industries 2207.0 1192.0
Larsen & Toubro 1514.8 1249.4
IOCL 1445.4 1722.6
ONGC 1119.5 668.1
Samvardh. Mothe. 950.1 631.8
Tata Steel 811.1 656.5

Highest gratuity expenditure companies of India

Expenditure on aggregate gratuity amount in FY23 increased by 22 % as compared to FY19

Gratuity
CO_NAME Gratuity Paid - FY 23 Gratuity Paid - FY 19
Larsen & Toubro 260.6 144.8
NHPC Ltd 250.9 280.5
SAIL 219.9 247.9
Tech Mahindra 146.9 86.0
BHEL 114.1 107.8
Mindpool Tech. 112.5 0.0
Grasim Industries 110.5 81.3
LTIMindtree 106.3 17.8
Samvardh. Mothe. 91.9 58.2
Hind.Aeronautics 87.7 99.0
Companies with highest contributing to the funds for employees

Funds like pension, retirement, EPF etc are future security for employees. These contributions are
increased by 28 % in last 5 years.

Contribution to Funds
Contribution to funds - FY
CO_NAME Contribution to funds - FY 23
19
TCS 9644.0 5308.0
Coal India 8369.0 8080.8
HCL Technologies 6041.0 3511.0
Tata Steel 3136.6 2719.5
Tata Motors 2263.5 2885.6
Infosys 2143.0 946.0
ONGC 1972.0 2317.7
Tech Mahindra 1708.3 1039.8
Samvardh. Mothe. 1532.3 1365.0
Reliance Industr 1413.0 657.0

How Much do Companies Spend on Training and development on employees.

Several mid-size and enterprise companies spend 2-5% of their salary budgets on workplace training

Expenditure - Trainings, Research and Development,

insurance payments and government taxes
Other
Employe
CO_NAME Other Employee Cost - FY 23
e Cost -
FY 19
Bajaj
Finance 4718.2 1815.6
Wipro 2158.1 339.7
One 97 1521.5 175.1
SAIL 1180.2 481.7
Ujjivan Small 920.3 0.0
Hindalco
Inds. 701.0 140.4
PB Fintech. 556.5 7.2
Infosys 519.0 202.0
Zomato Ltd 505.8 100.0
ONGC 378.4 667.2