India’s public sector plays a vital role in the nation’s economy and development by providing employment opportunities to the population. In this article, we will delve into the Top 5 India’s public sector employers in India and learn about their importance to this country.
Top 5 India’s Largest Public Sector Employers: Introduction
India’s public sector plays a vital role in the nation’s economy and development by providing employment opportunities to millions of people. In this article, we will take a closer look at the top 5 public sector employers in India, which include the Coal India, Bharat Sanchar Nigam, ONGC, SBI and Indian Railways. By examining these employers in detail, we can gain a better understanding of their significance and contribution to the Indian economy.
5. Oil and Natural Gas Corporation(ONGC)
Oil and Natural Gas Corporation (ONGC) is an Indian multinational oil and gas company with over 33,000 employees all over India. In 1956, Government of India founded the ONGC. Headquarter of ONGC is in Dehradun, Uttarakhand. ONGC is majorly responsible for producing oil and natural gas in India. The subsidiaries of Oil and Natural Gas Corporation includes ONGC Videsh, Mangalore Refinery and Petrochemicals Limited, and ONGC Tripura Power Company .
With 2.21 trillion INR Market Capitalization, ONGC has been ranked as the third-largest publicly traded company in India.
4. Bharat Sanchar Nigam Limited(BSNL)
Bharat Sanchar Nigam Limited (BSNL) is the largest telecommunications company in India, with a customer base of over 120 million. BSNL provides a wide range of telecom services for customers, including landline, broadband, mobile, and satellite services. BSNL also provides a number of value-added services, such as voicemail, caller ID, and call waiting. BSNL has a pan-India presence, with operations in all 22 telecom circles in India. It also has operations in some overseas countries, such as Sri Lanka, Bangladesh, and Nepal.
As of June 2023, BSNL has 59,350 employees in its workforce. Many Job Notifications are released by BSNL for variety of jobs that help in providing job employment to the indian population.
3. State Bank of India(SBI)
At 3rd position we have State Bank of India. State Bank of India (SBI) is the largest commercial bank in India, with a customer base of over 450 million. It was founded in 1806 as the Bank of Calcutta, and later renamed the Imperial Bank of India in 1921. SBI was nationalized in 1955, and is now a public sector undertaking (PSU) under the ownership of the Government of India.
SBI has a pan-India presence, with over 24,000 branches and 65,000 ATMs across the country. It also has operations in over 30 countries around the world. SBI provides a wide range of banking services, including savings accounts, current accounts, loans, investments, and insurance. It is also a major player in the Indian stock market, and is the largest shareholder in many listed companies. SBI is a major contributor to the Indian economy, and provides employment to around 2,44,250 people as of march,2022. To view more about State Bank of India you can download the annual report of SBI 2022-23
To Download the Annual Report of SBI 2022-2023=Click Here
2. Coal India
Coal India Limited (CIL) is an Indian central public sector owned by the Ministry of Coal, Government of India. Headquarter of Coal India is in Kolkata, West Bengal. Coal India Limited is the largest government-owned coal producer in the world with 248,550 employees as of April,2022. The Coal India Limited contributes around 82% to the total coal production in India. One of its major milestone was to produced 554.14 million tonnes of raw coal in 2016–17 .
Coal India Limited(CIL) was established in 1975 and has since been one of major coal producer for mining coal in India. It works in 83 mining areas across 8 states of India and has a total market capitalization of ₹2.11 lakh crore. Coal India Limited produces variety of job to aspiring candidates each year, which makes it Top 2 Largest Public Sector Employer in India.
1. Indian Railways
It is no brainer that Indian Railways provides most number of employment jobs in India, as it is employing around 1.38 Million employees as of March 2020. Indian Railways is the government owned national railway system based in India. It is the world’s second-largest railway network by size, with a total route length of 68,043 kilometers (42,280 miles). Indian Railways is also the world’s largest employer, with over 1.3 million employees.
Indian Railways plays a major role in growing the Indian economy. It is a major mode of transportation for passengers and freight. In 2020, Indian Railways carried 808.6 crore indian passengers and in 2022, Railways transported 1418.1 million tonnes of freight in its carraiges.
Indian Railways is a major contributor to the Indian government’s revenue. In 2022-23, Indian Railways is estimated to generate ₹2.4 trillion in revenue.
Conclusion
India is the world’s fastest-growing economy in 2023, this is due to the contribution and vision of major companies in India. These Companies help provide job opportunities and increase the country’s economy. As India is also the world’s most populated country, it is also essential to have more employment and less unemployment in the country. Above mentioned Public Sector Employers helps the country to move in right direction.
