Human capital

    ESG & Governance

    The skills, knowledge, health and experience of a company's workforce, treated as a source of value.

    Human capital is the main asset of service businesses such as IT, consulting and banking. It is built through hiring, training, fair pay and safe working conditions, and lost through turnover and burnout. Useful indicators include turnover, training, engagement scores and the share of revenue spent on employee well-being, which is a BRSR Core indicator.

    Related terms

    Employee turnoverLost time injury frequency rate (LTIFR)Diversity, equity and inclusion (DEI)Contract workforce

    Learn the concept

    From the research

    Valuation

    A Comparative Financial Analysis of Three Listed Companies

    Three IT services leaders, five years of numbers: similar growth, very different margins and returns on capital, and their October 2026 valuations.

    Markets

    IPO Issue Price vs. Listing Price vs. Subsequent Performance

    Seven of India's most talked-about IPOs since 2021, tracked from issue price to listing to October 2026. Buying on listing day lost money in six of seven.

    Valuation

    Paytm: Valuing a Company With No Clean Comparable

    Paytm is part payments processor, part device business, part loan distributor. Why no single peer fits, and how to value it in parts and in reverse.