Business

Breaking Barriers: India's Top Inclusive Firms See 50% Profit Surge, Yet Women Remain Underrepresented in Leadership

Corporate Diversity Drives Profitability in India

Companies leading in diversity and inclusion are not just making headlines; they're seeing a 50% higher profit after tax (PAT) compared to their less diverse counterparts, according to a groundbreaking study.

Corporate diversity: India’s most inclusive firms post 50% higher profits, says study; flags poor women representation in top roles

The Gender Gap in Leadership

Despite the clear financial benefits, the study reveals a stark gender disparity at the top. Over 63.45% of companies have no women in key managerial positions, highlighting a significant barrier to true inclusivity.

Women in the Workforce

Women account for only 22% of the total workforce in India's corporate sector, a figure that falls short of the 28% reported in the latest labor force survey. This gap underscores the need for more inclusive hiring practices.

A Call for Action

"True inclusion isn’t about counting numbers but about redistributing power," says Sonica Aron, Founder of Marching Sheep. The study calls for a shift towards giving women more access, authority, and accountability in the corporate world.