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| India's Top 500
Companies |
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Publication
Snapshot
A high profile reference compendium on
prestigious Indian companies evaluated and ranked on the basis of Net
Profit, Income and Net Worth. The publication includes both private sector
companies which are listed on stock exchanges and public sector
enterprises (PSEs), many of which are not listed on any stock
exchange.
Executive
Summary
India’s economic
progress, underlined by a more sustainable consumption led growth, has
given a positive thrust to India’s
corporate sector. The times have never been brighter or business confidence
this high. Since 2004-05, corporate performance has been a picture of
strength, suitably reflected in the 8% GDP growth in the last three years.
‘India’s Top 500
Companies’ has been capturing the varying phases of India’s
corporate sector and the 2006 edition of the publication has sprung some
remarkable results.
A significant jump has been observed in the
threshold for total income in the 2006 edition. The current threshold for
total income at Rs 2,510 mn was 189% higher as compared with the Rs 868 mn
in the previous issue (published in 2004). The total income of the Top 500
companies in the 2006 issue aggregated to US$330 bn, implying a growth of
34%. The return on net worth increased to 18% as against 14.6% earlier,
implying improvement in asset
utilisation.
The companies
that made it to the top 500 include 474 listed companies and 26 unlisted
Public Sector Enterprises (PSEs). The number of companies featuring for
the first time in India’s Top 500 Companies
stands at 110. The list of 500 comprises 64 foreign MNCs and 76
PSEs.
A new feature added in the 2006 issue of ‘India’s
Top 500 Companies’ is the sectoral classification of companies, which gives
insight into the emerging segments. The classification is based on total
income – a company should generate at least 35% of its total income from a
particular sector in order to be classified under that sector. We identified
58 distinct sectors for the purpose of classifying the companies that
feature in this publication.
The Petroleum sector, including
exploration, refining and marketing, was the leader with 14 companies
accounting for 31% of the total income generated by ‘India’s Top 500
Companies’. The Banking and Financial Services sector features the largest
number of companies, with 54 companies accounting for 12.8% of total
income generated by companies listed in this publication. This was
followed by Pharmaceuticals with 32 companies, Chemicals & Fertilisers
with 31 companies, Textiles with 28 companies, Iron & Steel with 24
companies and Auto Components with 22 companies. These seven sectors put
together feature 205 companies and contribute 60% of the total income
generated by ‘India’s Top 500
Companies’.
‘India’s Top 500 Companies 2006’ has
attempted to capture the essence of India’s
corporate sector. While some sectors and companies will grow in relevance
in the coming years, others will fade into the background – this is an
economic reality. Dun & Bradstreet India will continue to record these changes
for posterity through the pages of future issues of ‘India’s
Top 500 Companies’.
Published on August, 2006
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