IT, consulting firms lead NPS adoption in private space: PFRDA data

PFRDA nudges top 50 firms, with over half of total subscribers, to up coverage

Information technology (IT) and IT-enabled consulting firms lead the adoption of the National Pension System (NPS) in 

the private sector under the corporate model of the scheme, according to the latest data available until September 2023 from the Pension Fund Regulatory and Development Authority (PFRDA), as accessed by Business Standard.
 

Data pertaining to the top 50 companies, which represents more than half of the total 1.84 million NPS subscribers under the corporate model, reveals that among the private sector, IT and consulting firms have the highest share of subscribers (13.2 per cent), followed by private banks (6 per cent) and financial