Awards 2021

Best Places to Work in India 2021

Employee Choice Awards by AmbitionBox

*based on ratings of employees who have worked in the company in the year 2020

Categories are based on Indian employee count of respective companies. Ranks are awarded by Standard Competition ranking method.

9 Best Banking Companies

Mega companies category

more than 50,000 employees in India

#1 HDFC Bank

The Housing Development Finance Corporation Limited or HDFC was among the first financial institutions in India to receive an “in principle” approval from the Reserve Bank of India (RBI) to set up a bank in the private sector. This was done as part of RBI’s policy for the liberalization of the Indian banking industry in 1994. HDFC Bank was incorporated in August 1994 in the name of HDFC Bank Limited, with its registered office in Mumbai, India. The bank commenced operations as a Scheduled Commercial Bank in January 1995. As of March 31, 2021, the Bank had a nationwide distribution network of 5,608 branches and 16,087 ATMs in 2,902 cities/towns.

1st

#2 ICICI Bank

ICICI Bank is a leading private sector bank in India. The Bank’s consolidated total assets stood at Rs. 14.76 trillion at September 30, 2020. ICICI Bank currently has a network of 5,288 branches and 13,875 ATMs across India.

2nd

#3 Axis Bank

Axis Bank is the third largest private sector bank in India. The Bank offers the entire spectrum of financial services to customer segments covering Large and Mid-Corporates, MSME, Agriculture and Retail Businesses. The Bank has a large footprint of 4,050 domestic branches (including extension counters) with 11,801 ATMs & 4,917 cash recyclers spread across the country as on 31st March, 2019. The overseas operations of the Bank are spread over nine international offices with branches at Singapore, Hong Kong, Dubai (at the DIFC), Colombo and Shanghai; representative offices at Dhaka, Dubai, Abu Dhabi and an overseas subsidiary at London, UK. The international offices focus on corporate lending, trade finance, syndication, investment banking and liability businesses.

3rd

Large companies category

10,001 to 50,000 employees in India

#1 Deutsche Bank

Deutsche Bank is the leading German bank with strong European roots and a global network. The bank focuses on its strengths in a Corporate Bank newly created in 2019, a leading Private Bank, a focused investment bank, and asset management. We provide banking services to companies, governments, institutional investors, small and medium-sized businesses, and private individuals. Deutsche Bank was founded in 1870 to accompany German businesses into the world. We’ve worked across borders ever since. We have established strong bases in all major emerging markets, and therefore have good prospects for business growth in fast-growing economies, including the Asia Pacific region, Central and Eastern Europe, and Latin America. In Europe, we are well placed to benefit from the aforementioned resilient conditions in our home market, Germany, and from continued strong levels of corporate activity in the euro zone.

1st

#2 Yes Bank

YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 28 states and 9 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.

2nd

#3 Ujjivan Small Finance Bank

Ujjivan Small Finance Bank (USFB) Limited is among the leading small finance banks in the country. As a mass-market bank, it remains committed to serving the unserved and underserved segments through financial and digital inclusion. We are now a one-stop destination for financial services and offer personalized customer experience to our wide customer base. With technology as a key enabler, Ujjivan Small Finance Bank continues to expand its reach and enhance customer experience. The strengthened digital interfaces, across regions and languages, have empowered our customers to seek timely and easy access to finance; at all times. This has further enabled the Bank to deepen its customer connection across diverse locations. As a ‘Responsible Bank’ we stay invested in creating a sustainable social impact through community development and financial literacy initiatives. Ujjivan Financial Services Limited (UFSL) commenced operations as an NBFC in 2005, with the mission to provide a full range of financial services to the ‘economically active poor’ who were not adequately served by financial institutions. On receipt of License from RBI, UFSL set up Ujjivan Small Finance Bank (USFB) and USFB commenced its Banking operations from February 1, 2017. We are a ‘scheduled bank’ included in the Second Schedule to the Reserve Bank of India Act, 1934, and a listed Entity. Our IPO in 2019 was oversubscribed 170 times, and it was widely considered to be the best IPO in the last four years across the banking and financial services sector.

3rd

Mid-Sized companies category

1,001 to 10,000 employees in India

#1 Equitas Small Finance Bank

Equitas Small Finance Bank is a new age bank that is giving children, youth, families and business people across India a new and fun way to bank. In our time as a micro finance company, we silently went about enabling livelihoods and elevating lives. As a small finance bank, we are today going about also to change the very way banking is imagined, delivered and experienced – with TRUST being the key driver. Come along for this fun ride.

1st

#2 Standard Chartered Bank

We offer banking services that help people and companies to succeed, creating wealth and growth across our markets. Our heritage and values are expressed in our brand promise – Here for good. With more than 86,000 employees and a presence in 60 markets, our network serves customers in close to 150 markets worldwide. We're listed on the London and Hong Kong Stock Exchanges as well as the Bombay and National Stock Exchanges in India.

2nd

#3 Utkarsh Small Finance Bank

Utkarsh Small Finance Bank is a proud solitary Small Finance Bank from Varanasi. Established in 2009 with the mission to empower the low-income group financially, it has reached to new heights today. The objective of our bank is 'Ummeed'​ - giving hope to customers for fulfilling their dreams and needs. Over the years, we have extended our services to 112 Districts of 11 States. Today we boast a Customer Base of more than 15 Lakh satisfied customers with 400 Banking Outlets. In today's time where technology is reshaping the world, we aim to encourage people excluded from the formal banking sector until now to start banking with our affordable and accessible banking services. Our focus is to provide services that are process centric, technology enabled and people oriented resulting in reliable, scalable and sustainable institution facilitating socioeconomic change. We also have an initiative called Utkarsh Welfare Foundation which works in the areas of Financial Literacy and Inclusion apart from Health Initiatives.

3rd

View awards as table

Other Award Categories

15 Best Mega Companies

25 Best Large Companies

25 Best Mid-Sized Companies

25 Best Small Companies

15 Best Tech Startups

Frequently Asked Questions

What are AmbitionBox Best Places to Work Awards 2021?
AmbitionBox Best Places to Work Awards 2021 recognizes the top companies to work for in India based on ratings shared by employees on AmbitionBox who have worked with a particular company in 2020.
How is a company classified as Mega, Large, Mid-Sized, Small, and Startup?
A company can be classified into one or more of the below category based on its India employee count

  • Mega category if it has more than 50k employees
  • Large category if it has employees b/w 10k & 50k
  • Mid-Sized category if it has employees b/w 1k & 10k
  • Small category if it has employees b/w 501 & 1k
  • Startup if

    • It leverages technology for their business in a significant way
    • Should not be a public company or started by another company
    • It has been founded on or after 01-January-2011
    • It has employees more than 200
Even though my company has good ratings, why did it not make it to the ‘Best Places to Work Awards’ list?
For a company to qualify it must fulfil the following criteria:-

  • Company must be a registered company in India or wholly owned subsidiary of foreign company in India.
  • Company must not be a Government organisation, Staffing firm, Dealer/Franchisee, NGO/Social Service organisation, Industry Association, College/ School/University, Restaurant, Hotel, Airport, Hospital and alike.
  • Company must not have influenced reviews or have tampered with the process of collecting authentic, unbiased reviews, including intentional or unintentional acts that violate the AmbitionBox Community Guidelines and/or Terms of Use.
  • Company must not have been involved in any fraudulent or suspicious activities and is under scrutiny by their respective governing entity.
  • Company must meet category eligibility criteria as well to qualify.

Winning an award depends on a variety of other reasons. Refer to the complete methodology here.
What is the time frame of reviews and ratings considered for awards?
Only reviews contributed between 01 January 2020 & 07 May 2021 for a company were considered for these awards, i.e. all reviewers should have worked in that company in 2020 (between 01 January 2020 and 31 December 2020).
How are companies ranked?
Companies are ranked based on the new overall rating which is calculated using our proprietary algorithm based on the ratings shared by employees who have worked in the company in 2020. In cases where 2 or more companies have the same rating, a joint rank is given. Ranks are awarded by Standard Competition ranking.

Refer to the complete methodology here.
Can companies nominate themselves for Awards 2021?
No, companies cannot nominate themselves to participate in Awards. All companies on AmbitionBox are eligible for Awards subject to fulfilling the award category qualifying criteria.

However, a company can increase its chances of qualifying if they have sufficient reviews on AmbitionBox. Hence we encourage companies to ask their employees to fill reviews on AmbitionBox.
How does a company benefit from these awards?
If you believe you have a really good work culture and a great employer brand, then get noticed by more than 57 Lakh monthly jobseekers on AmbitionBox with the ‘Best Places to Work in India’ award. Not only this, but all companies that make it to the list are also given a badge which can be showcased on your own website or social media platforms as recognition from AmbitionBox. This helps companies attract and retain talent.
How will a reviewer's data be used?
Other than awards, the data will be used for displaying reviews and ratings on the respective company page on AmbitionBox. Find out more about our terms of use here.
How is the authenticity of reviews checked?
  • Our proprietary algorithm filters and analyses multiple attributes of the review - spam, fake, abusive, duplicate and similar factors to decide the authenticity of a review.
  • Any reported or flagged content is reviewed by a team of moderators and is removed if it doesn’t meet our community guidelines.
How are AmbitionBox Awards different from other awards?
  • Unlike other awards, the companies cannot self nominate themselves for the AmbitionBox Awards.
  • No costs are involved in the process. Ranks are declared based on reviews and ratings given by the employees who have worked in the company.
  • AmbitionBox is one of the largest platforms in India for researching reviews and ratings of a company. Given our scale and reach, these awards truly showcase where Indians want to work.
Have more questions?
If you have any other questions or queries, write to us at hi@ambitionbox.com.