664 women directors serve on the boards of the top 500 Indian firms, with Apollo Hospital Enterprises having the largest percentage with six, followed by Godrej Consumer Products, Piramal Enterprises, and India Cements with five each.
According to the 2022 Burgundy Private Hurun India 500 list, these companies employed 11.6 lakh women and added 3.9 lakh new employment in the previous year, which concluded in October. 16% of the top 500 firms' boards are composed of women. Only 410 of the companies on the Burgundy Private Hurun India 500 list this year include women in leadership positions.
It's interesting to note that the Securities and Exchange Board of India's 17 Sustainable Development Goals require the appointment of at least one independent women director in the top 1,000 listed businesses by market capitalization.
The largest employer is Tata Consultancy Services, which employs 592,195 people, 27,055 of them are women. In a similar vein, Infosys and Wipro, which respectively employ 124,498 and 88,946 people, have 24,177 and 16,952 women as employees. With 436,907 workers, Quess Corp was the second-largest employer.
Reliance Industries and Motherson Sumi Systems respectively employ 26,050 and 22,620 women.
The top 500 businesses collectively employ 7.3 million people on average, and 137 of them have more than 10,000 workers.
The value remains unchanged.
Even though Reliance Industries, Tata Consultancy Services, and HDFC Bank led the list this year, the worth of the top 500 Indian corporations stayed constant.
Reliance Industries, which came in first place, had a market capitalization of 17.3 lakh crore, which was 47% higher than TCS's worth of 11.7 lakh crore. The market value of HDFC Bank was 8.3 lakh crore.
Blame it on windfall tax, but Reliance Industries was the most lucrative firm with a net profit of 67,845 crore for the fiscal year that ended in October and the largest tax payer at 16,297 crore.
The top 10 industrial groups, which are topped by the Tata Group with 15 firms and the Adani and Murugappa groups with 8 and 6 companies each, collectively own 61, or 12%, of the top 500 companies.
According to Anas Rahman Junaid, Managing Director and Chief Researcher of Hurun India, the top 500 companies have a combined market worth of $2.7 trillion, which is equal to the present GDP of India.
According to him, these businesses collectively generated $820 billion in sales and employed 7.3 million people, which is more than the working-age population of the United Arab Emirates.
