48% of NSE firms have no women as key managers; women losing out on higher paid jobs: study
Nearly half of the 2,647 companies listed on the National Stock Exchange have no women in key managerial roles, according to a study by the Udaiti Foundation. Women's representation in higher-paid formal jobs has declined from 21% in 2020-21 to 12% in 2024-25, while their presence in lower-paid roles has increased. The data suggests a growing disparity in gender representation across pay levels in India's formal workforce.
- ▪Almost 48% of NSE-listed companies have no women in key managerial positions.
- ▪On average, there were only 0.64 women in key managerial roles per company during 2024-25.
- ▪Women made up 12% of higher-paid formal workers in 2024-25, down from 21% in 2020-21.
- ▪Women's share among lower-paid formal workers increased from 19% to 23% between 2020-21 and 2024-25.
- ▪Only 10% of NSE-listed firms employed more than one woman in key managerial positions.
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Almost half of the 2,647 companies listed on the National Stock Exchange do not have any women in key managerial positions at all, according to an analysis of company submissions. On average, there were 0.64 women in these positions per company in 2024-25, with only 10% of firms listed on the NSE employing more than one woman in such leadership positions.The study, conducted by the Udaiti Foundation, a non-profit organisation, found that women’s representation in the formal workforce remained at 18%, a decrease of one percentile point compared to 2020-21. The situation is even worse among formal workers earning more than ₹18,000 per month — while women made up 21% of this group in 2020-21, their share had shrunk to just 12% in 2024-25.
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