07, Sep 2015
Only 2.67% of senior execs in BSE 500 cos are Muslims
Last Monday , Vice President Hamid Ansari referred to the appalling state of Muslims and goaded the state and other societal actors towards affirmative action. But how does India Inc fare on this count?
An ET Intelligence Group analysis indicate Muslims constitute a mere 2.67% of directors and senior executives -62 of the 2,324 executives -among the BSE 500 companies. These top executives took home 3.14% of the total remuneration drawn by this group. The BSE 500 corresponds to almost 93% of the market capitalisation on the stock exchange. The Muslim employment figure in senior management for the BSE-100 companies, in comparison, goes up slightly to 4.60% -27 of 587 -of the total directors and senior executives, though the remuneration drops to 2.56%.
Data on blue-collar employment of Muslims, which constitute 14.2% of the Indian population, in the private sector is scarce.