Top 10 Largest Employers In India

India’s corporate landscape is evolving rapidly, with leading companies not just driving economic growth but also providing employment to millions. The 2024 Burgundy Private Hurun India 500 report highlights the top 10 largest employers in India, showcasing their workforce strength, employee costs, market presence, and future ambitions.

Top 10 Largest Employers in India (2024)

The table below ranks the top 10 largest employers in India based on the total number of employees in 2024.

Company	Employees	Employee Cost (INR Cr)	Market Value (INR Cr)
Tata Consultancy Services (TCS)	6,31,858	1,40,131	16,10,800
Quess Corp	5,74,745	16,557	10,360
Larsen & Toubro (L&T)	4,07,438	41,171	5,42,770
Reliance Industries	3,47,362	25,679	17,52,650
Infosys	3,40,687	82,620	7,99,400
Tata Steel	2,68,957	24,510	1,87,010
HCL Technologies	2,37,248	62,480	5,18,170
Wipro	2,34,930	54,930	3,18,270
HDFC Bank	2,13,565	31,023	14,22,570
ICICI Bank	1,41,009	19,172	9,30,720

#1 Tata Consultancy Services (TCS): Among Top Biggest Employers in India

Employees: 6,31,858
Employee Cost: INR 1,40,131 crore
Market Value: INR 16,10,800 crore

Tata Consultancy Services (TCS) is a leading global IT services, consulting, and business solutions organization. Founded in 1968 as part of the Tata Group, India’s largest multinational business conglomerate, TCS has grown to become one of the world’s largest IT services companies. With a global workforce of over 6 lakh employees across 55 countries, it remains a preferred employer in technology.

The company focuses on digital transformation, AI, and cloud computing to drive future growth. The company serves various industries such as banking, retail, and healthcare. In the fiscal year ending 31 March 2024, TCS generated consolidated revenues of approximately USD 29.1 billion.

#2 Quess Corp

Employees: 5,74,745
Employee Cost: INR 16,557 crore
Market Value: INR 10,360 crore

Quess Corp is a leading integrated business services provider headquartered in Bengaluru, India. Established in 2007, the company operates across India, Southeast Asia, the Middle East, and North America. It is one of India’s largest private-sector employers and specializes in technology-enabled staffing and managed outsourcing solutions. It aims to expand its HR-tech services and global workforce solutions in the coming years. Financially, for 31 March 2024, Quess Corp reported a profit of INR 280 crore on a total income of INR 19,100 crore.

#3 Larsen & Toubro (L&T)

Employees: 4,07,438
Employee Cost: INR 41,171 crore
Market Value: INR 5,42,770 crore

Larsen & Toubro (L&T) is a prominent Indian multinational conglomerate founded in 1938 by Danish engineers Henning Holck-Larsen and Soren Kristian Toubro. Headquartered in Mumbai, L&T operates in over 50 countries, offering a diverse range of services and products across engineering, construction, manufacturing, IT, and financial sectors. With a strong workforce, the company is focusing on smart city projects, renewable energy infrastructure, and digital engineering to enhance its market position.

As of September 2024, L&T reported consolidated revenues of INR 61,555 crore for the quarter, marking a 21% year-over-year growth, with international revenues constituting 52% of the total.

#4 Reliance Industries

Employees: 3,47,362
Employee Cost: INR 25,679 crore
Market Value: INR 17,52,650 crore

Reliance Industries, India’s most valuable company, employs over 3.4 lakh individuals across oil & gas, telecom (Jio), and retail. RIL operates globally and is the largest public company in India by market capitalization and revenue. RIL continues to invest in emerging technologies and strategic partnerships, including recent collaborations in AI and e-commerce.

#5 Infosys

Employees: 3,40,687
Employee Cost: INR 82,620 crore
Market Value: INR 7,99,400 crore

Infosys is a global leader in next-generation digital services and consulting, enabling clients across 55+ countries to navigate digital transformation through AI-powered solutions, agile scaling, and continuous innovation. With over four decades of expertise, Infosys focuses on delivering exceptional performance and customer satisfaction while maintaining a strong commitment to sustainability and ethical practices.

In fiscal 2025, Infosys reported Q1 revenues of USD 4.71 billion with 2.5% year-on-year growth and a 21.1% operating margin. The company raised its annual revenue growth guidance to 3-4%, driven by strong demand for AI-led services and large deal wins totaling USD 4.1 billion.

#6 Tata Steel

Employees: 2,68,957
Employee Cost: INR 24,510 crore
Market Value: INR 1,87,010 crore

Tata Steel is one of the world’s most diversified integrated steel producers, with operations spanning India, Europe, and Southeast Asia. It has an annual crude steel production capacity of 35 million tonnes and focuses on sustainability, innovation, and digital transformation to achieve its goal of becoming a global leader in sustainable steelmaking.

Headquartered in Mumbai, Tata Steel employs approximately 2,68,957 people globally and operates major plants in India, the Netherlands, and the UK. In FY 2023-24, it reported a consolidated revenue of USD 31 billion. The company is targeting Net Zero emissions by 2045 and plans to double its Indian steel production capacity to 40 MTPA through organic and inorganic growth.

#7 HCL Technologies

Employees: 2,37,248
Employee Cost: INR 62,480 crore
Market Value: INR 5,18,170 crore

HCL Technologies (HCLTech) is a global IT services and consulting company headquartered in Noida, India. It offers solutions across digital transformation, engineering, cloud, AI, and software products. Operating in over 50 countries, it serves industries like financial services, healthcare, and manufacturing.

In FY24, HCL Tech reported revenues of INR 1,09,913 crore (8.3% YoY growth) and a net income of INR 15,702 crore (5.7% YoY growth). Its business spans IT & Business Services, Engineering & R&D Services, and Products & Platforms, with North America contributing 64.5% of revenue. The company maintains an EBIT margin guidance of 18-19% for FY25.

#8 Wipro

Employees: 2,34,930
Employee Cost: INR 54,930 crore
Market Value: INR 3,18,270 crore

Wipro is a global technology services and consulting leader, delivering innovative solutions in digital transformation, cloud, AI, and engineering. Operating in over 66 countries with more than 2,34,930 employees, Wipro focuses on helping clients achieve sustainability and operational excellence through cutting-edge technologies like AI and 5G.

#9 HDFC Bank

Employees: 2,13,565
Employee Cost: INR 31,023 crore
Market Value: INR 14,22,570 crore

HDFC Bank is India’s largest private sector bank by assets and market capitalization, offering a wide range of financial services across retail, corporate, and wholesale banking. Following its merger with HDFC in 2023, it has expanded its product suite to include home loans, strengthening its leadership in the Indian banking sector through innovation, customer-centricity, and a vast distribution network.

#10 ICICI Bank

Employees: 1,41,009
Employee Cost: INR 19,172 crore
Market Value: INR 9,30,720 crore

ICICI Bank is India’s second-largest private sector bank, headquartered in Mumbai, offering a wide range of financial services to retail, corporate, and SME clients. Known for its strong digital transformation strategy, the bank leverages advanced technologies like AI, blockchain, and cloud to enhance customer experience and operational efficiency. It operates globally with subsidiaries in the UK and Canada, branches in multiple countries, and a robust domestic network of 6,613 branches and 16,120 ATMs.

The software and services sector dominates employment in India, with TCS, Infosys, HCL, and Wipro accounting for a significant share of job creation. Meanwhile, banking and finance firms like HDFC and ICICI continue expanding, driven by India’s digital banking revolution. Infrastructure leaders such as L&T and Tata Steel are fueling India’s urbanization efforts.

Going forward, automation, AI, sustainability, and global expansion will shape hiring trends. With India’s economy growing rapidly, these companies are expected to add millions of new jobs over the next decade.