are companies exploiting employees in the name of utilization

This is true

Pl read

http://toostep.com/insight/exploitation-of-workers-and-employees

Exploit maybe a harsh word, but they certainly take undue advantage of the fact that in general, the employees are replaceable due the mediocre nature of most of the work or that the business model is such that (esp. in IT) there is no long term vision, so any premium the candidate demands is short lived limited to that project mainly.  It must also be said that Indian employees needs lots of supervision and checks to produce and produce quality (chicken & engg / cause-effect?).

But, do not just point fingers at the management - their goal is profit i.e. lower costs (of course improve revenue too). Employees too allow them to, by not being knowledgeable of the labor laws (how many know that it is illegal to fire a employee at will), backbiting colleagues, "support" of the manager, presenting incorrect credentials, use official stuff for personal etc.

We need professional employees - who will contribute 100%, diligently, be mature about work-life balance and ethically support the organization together as a team.

I feel that lot of companies exploit labour in india when compared with overseas counterparts. I think this is due to the fact that india does not have strict labour laws. Indians are highly flexible and the MNC's penetrate India only due to this reason. Since the employees like working in long hours due to high pay, the employers also exploit them. The companies are in the business to make profit. They use their workers and other resources to do that.

Yes, I call it exploitation on the ground that the compnaies have extended the work timimngs for the employees. the targets are more, there were layoffs and the every employee was supposed to work mor ethan before and also practice multi-tasking.