India is changing fast and the top companies are not just driving growth but also employing millions. The 2024 Burgundy Private Hurun India 500 report lists the top 10 largest employers in India, with their workforce, employee cost, market presence and future plans.
Table of Contents
Top 10 Largest Employers in India 2024
The table below is the top 10 employers in India by total 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 global IT services, consulting and business solutions company. Founded in 1968 as a part of the Tata Group, India’s largest business conglomerate, TCS has grown to become one of the world’s largest IT services company. With a global workforce of over 6 lakh employees across 55 countries, it is a preferred employer in technology.
The company is focusing on digital transformation, AI and cloud computing to drive growth. The company serves industries like banking, retail and healthcare. In the year ending 31st March 2024 TCS had consolidated revenues of USD 29.1 billion (~INR 2.50 lakh crore).
Read Also: A Journey Through the Oldest Companies in India
#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 plans to expand its HR-tech services and global workforce solutions in the coming years. Financially for 31st 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 an Indian multinational conglomerate founded in 1938 by Danish engineers Henning Holck-Larsen and Soren Kristian Toubro. Based in Mumbai, L&T operates in over 50 countries and offers services and products across engineering, construction, manufacturing, IT and financial services. With a large workforce, the company is focusing on smart city projects, renewable energy infrastructure and digital engineering to grow its business.
As of September 2024 L&T reported consolidated revenues of INR 61,555 crore for the quarter, up 21% year-on-year with international revenues at 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 largest company, has over 3.4 lakh employees across oil & gas, telecom (Jio) and retail. RIL operates globally and is the largest public company in India by market capitalization and revenue. RIL is investing in emerging technologies and strategic partnerships, including recent partnerships in AI and e-commerce.
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#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-gen digital services and consulting, helping clients in 55+ countries navigate digital transformation through AI-powered solutions, agile scaling and continuous innovation. With over four decades of experience, Infosys is focused on delivering exceptional performance and customer satisfaction while being committed to sustainability and ethics.
In fiscal 2025, Infosys reported Q1 revenues of USD 4.71 billion (~INR 40,555 crore) )with 2.5% year-on-year growth and 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 of USD 4.1 billion (~INR 35,300 crore).
#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 largest integrated steel producers with presence in India, Europe and Southeast Asia. It has a crude steel capacity of 35 million tonnes and is focused on sustainability, innovation and digital transformation to become a global leader in sustainable steel making.
Headquartered in Mumbai, Tata Steel has around 2,68,957 employees globally and has major plants in India, Netherlands and UK. In FY 2023-24 it reported a consolidated revenue of USD 31 billion (~INR 2.67 lakh crore). 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. It operates in over 50 countries and 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 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 has EBIT margin guidance of 18-19% for FY25.
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#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 solutions in digital transformation, cloud, AI and engineering. With presence in over 66 countries and 2,34,930 employees, Wipro helps clients achieve sustainability and operational excellence through 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. Post merger with HDFC in 2023 it has added home loans to its product suite and strengthened its leadership in Indian banking through innovation, customer centricity and large 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 financial services to retail, corporate and SME clients. Known for its strong digital transformation strategy, the bank uses AI, blockchain and cloud to enhance customer experience and operational efficiency. It has presence in UK and Canada through subsidiaries, branches in multiple countries and a large domestic network of 6,613 branches and 16,120 ATMs.
Market Share & Future Trends
Software and services sector is the largest employer in India, TCS, Infosys, HCL and Wipro are the big job creators. Banking and finance companies like HDFC and ICICI are expanding driven by India’s digital banking revolution. Infrastructure companies like L&T and Tata Steel are driving India’s urbanization.
Going forward automation, AI, sustainability and global expansion will be the hiring trends. With India’s economy growing fast, these companies will add millions of new jobs in the next 10 years.
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Top 10 Largest Employers in India FAQs
Which company has the largest workforce in India?
Tata Consultancy Services is India’s largest employer, with a workforce of 6,31,858 employees.
Which sector contributes the most jobs in India?
The software and services sector is the largest employer, with companies like TCS, Infosys, HCL, and Wipro leading job creation.
What are the future hiring trends among India’s largest employers?
Future hiring will focus on automation, AI, sustainability, and global expansion as companies scale up operations.
Which company has the highest employee cost?
Infosys leads with an employee cost of INR 82,620 crore, followed closely by TCS and HCL Technologies.
What is the market value of the top employer, TCS?
TCS has a market value of INR 16,10,800 crore, making it one of India’s most valuable companies.
Who is the largest private employer in India?
Tata Group is widely recognized as the largest private employer in India, employing over 9,00,000 people across sectors.