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India's 25 best employers

April 8, 2009

Name: The Hong Kong And Shanghai Banking Corporation Limited

Rank: 22

Worth: HSBC India posted a 50 percent increase in total income and 41 percent in net profit for the year ended March 31, 2008. Total income rose to Rs 70.96 billion from Rs 47.20 billion in 2006-07. During the same period, net profit rose to Rs 11.92 billion from Rs 8.46 billion.

Group general manager and country head: Naina Lal Kidwai

What it does: HSBC's origins in India date back to 1853, when the Mercantile Bank of India was established in Mumbai with an authorised capital of Rs 5 million. It was acquired in 1959 by The Hongkong and Shanghai Banking Corporation Limited.

Today, in India, the bank offers a comprehensive suite of products and services to its corporate and commercial banking clients as also personal banking customers. In fact, it gave India its first ATM in 1987.

Image: HSBC headquarters at Canary Wharf, the financial district of London. | Photograph: Andrew Winning/Reuters

Also read: Interesting home loan options

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