This article attempts to trace the development of human resources (HR) in the last four decades in India since the first dedicated Human Resources Development Department was conceptualized and initiated at Larsen & Toubro. The article traces the development of this function and presents results from periodic audits of the function. The article highlights that significant development in the HR function has come about in the last two decades and the function and its leaders are growing in numbers to make a positive impact in terms of achieving organizational objectives. The article concludes with recent trends and studies as indicators of this maturity. The article recommends five levels of HR with the need to focus on the higher levels of work, including intellectual capital formation to make a transformational impact on firm’s success.
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