LinkedIn has released its annual list of the top companies to work for in India and “the vast majority” of them are in either financial services or banking.
According to the professional networking platform, 10 out of 25 companies this year are from this space – a shift from last year’s list, which was dominated by technology companies.
“In India, the accounting and financial services sector saw significant growth during the pandemic,” said Pooja Chhabria, LinkedIn career expert and editorial director for APAC.
“This trend has continued to grow thanks to factors such as a relatively healthy economy, an emerging startup landscape and a young, digitally oriented population.”
India’s “LinkedIn Top Companies 2023” list also saw 17 companies debut – an indication of “strong momentum” in the country’s business ecosystem, Chhabria said.
One such company is Zepto, which was also part of LinkedIn’s Top Startups list last year – a testament to its “significant size and growth,” LinkedIn added.
E-sports and gaming companies such as Dream11 and Games24x7 also made it onto the list for the first time.
“(This) reflects the growing popularity of gaming in India and the presence of this sector,” Chhabria added.
LinkedIn said it relies on internal data collected between January 1 and December 31, 2022, and evaluates companies based on eight factors that lead to career advancement:
- Ability to move forward
- Skills growth
- Corporate stability
- External opportunity
- Company affinity
- Gender diversity
- Educational background
- Employee presence in the country
To be eligible, companies must also have at least 500 employees in India as of December 31. Layoff and turnover rates were each allowed to be 10% or less during the data collection period.
According to LinkedIn, the rankings provide professionals at all levels with “actionable insights and resources,” such as the skills and roles for which companies are hiring.
Here is the complete list of top companies in India 2023
25. Teachmint – e-learning
24. Games24x7 – Technology, Information and Internet
23. Verint – IT services and consulting
22. Goldman Sachs – Financial Services
21. Synchrony – Financial Services
20. Dream11 – Technology, Information and Media
5. Macquarie Group
Industry: Financial Services
Number of full-time employees: 1,900+
Most notable abilities: Tax accounting, auditing, financial accounting
Most common job titles: Financial manager
New to the list is Macquarie, a global financial services group that provides solutions in areas such as wealth management, personal and commercial banking, asset management and market access.
4. Reliance Industries Limited
Industry: Oil and Gas
Full-time employees: 102,700+
Most Notable Skills: Chemical Processing, Retail, Telecommunications
Most common job titles: managing director, salesperson, sales manager
Reliance Industries Limited is a homegrown conglomerate that has climbed 11 places from last year’s list. The company operates globally in various industries, including energy, petrochemicals, natural gas, retail, telecommunications, mass media, digital streaming and textiles.
3. Morgan Stanley
Industry: Financial Services
Full-time headcount: 12,900+
Most Notable Skills: Capital Markets, Investment Banking, Economics, Investor Relations
Most common job titles: Information Technology Analyst, Business Operations Analyst, Financial Analyst
New to this year’s list is the multinational investment banking and financial services company Morgan Stanley. Business activities include asset management, sales and trading, investment management and sustainable investing.
2. Amazon
Industry: Technology, Information and Internet
Full-time headcount: 100,000+
Most Notable Skills: Artificial Intelligence, Operational Efficiency, Linguistics
Most common job titles: Software developer, program manager, data analyst, fraud investigator
Amazon climbed nine places in this year’s list, which provides digital payment services, content streaming, logistics and last mile delivery in India. Amazon also ranked first as the No. 1 employer in the U.S., according to LinkedIn.
1. Tata Consulting Services
Industry: IT services and consulting
Full-time employees: 590,000+
Most Notable Skills: Software Development Life Cycle, Data Storage Technologies, Software Testing
Most common job titles: systems engineer, information technology analyst, software engineer