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Urban Company Partners with HDFC Pension to Secure 50,000+ Service Professionals
Urban Company has collaborated with HDFC Pension to introduce the National Pension System (NPS) for over 50,000 service professionals on its platform. This initiative allows gig workers to voluntarily enroll in a structured retirement savings scheme regulated by the PFRDA. The company reported that its active service professionals earn an average monthly net income of INR 28,322, with the top 5% earning INR 51,673. This move is part of a broader strategy to institutionalize welfare and financial security for its workforce, which is critical for long-term operational stability.
Key Highlights
Collaboration with HDFC Pension to provide NPS access to 50,000+ service professionals.
Average monthly net earnings for active professionals reached INR 28,322 in FY26.
Top 5% of service professionals on the platform earn an average of INR 51,673 per month.
Existing benefits include life insurance cover up to INR 10 lakh and disability cover up to INR 6 lakh.
💼 Action for Investors
Investors should view this as a positive ESG development that enhances partner retention and mitigates regulatory risks in the gig economy. Monitor if these welfare measures lead to improved service quality and lower partner churn rates.