TCS, Accenture & Cognizant lead LinkedIn’s ‘2022 Top Companies’ India list

This time, 11 out of the top 25 companies are from the IT and service industry

This time, 11 out of the top 25 companies are from the IT and service industry
This time, 11 out of the top 25 companies are from the IT and service industry

Digital transformations led by top 3 firms TCS, Accenture & Cognizant: LinkedIn

On Wednesday, as per reports published by Microsoft-owned LinkedIn, IT companies lead the pack in digital transformation and the top 3 firms are Tata Consultancy Services, Accenture, and Cognizant, respectively, ramping up IT investments and hiring. This time, 11 out of the top 25 companies are from the IT and service industry.

Amid the digital boom, the list also features EY, (at 13th spot), ICICI Bank (14), and HDFC Bank (17), among others.

A few years back, there were fears that Indian IT has not kept pace with rapidly evolving technologies. But the executive search firm Head Hunters had expressed optimism that top firms like TCS and Infosys will lead the digital segment.

Indian IT companies have increasingly been shifting their focus from labour-intensive projects to more hi-tech virtual needs like cloud computing, automation, and artificial intelligence.

TCS, Infosys, HCL Technologies, and Wipro lead the $227 billion Indian IT sector, which is expected to continue to benefit as more companies in the world’s biggest economies look to move a greater share of their information technology workloads to the cloud, and adopt digital transformation projects.

To put together the annual ‘Top Companies in India‘ list, LinkedIn looked at platform data across seven pillars: the ability to advance, skills growth, company stability, external opportunity, company affinity, gender diversity, and educational background.

With 23 out of the 25 top companies having offices in Bengaluru, the city has reinforced its reputation as the “Silicon Valley of India“.

“The companies on the list are at the vanguard of refreshed organizational policies that foster young talent, promote retention by upskilling, and boost women’s representation in the workforce,” said Nirajita Banerjee, India Managing Editor, LinkedIn.

“By leaning on such policies, India’s top companies are creating more employment and skilling opportunities that aid career progress in today’s disruptive world of work,” she added.

As businesses become location agnostic and dependency on tech intensifies, top companies are focusing on expanding their workforce to make it more competent and diverse, according to the report.

Wipro (at 6th spot) plans to hire nearly 30,000 freshers in the fiscal year 2023, up from 17,500 in FY22, while HCL Technologies (8) is almost doubling its fresher hiring target from around 22,000 in FY22 to 40,000-45,000 in FY23.

Ranked 4th, Infosys is aiming to attract the best talent in India by extending tailored L&D opportunities, having onboarded over 1.2 million users on its digital reskilling platform.

This year’s top company TCS was able to successfully mitigate the aftermath of the Great Reshuffle by offering promotions and growth opportunities to its employees, the report noted.

[With Inputs from IANS]

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