Overview of the Top 500 Companies Most Valuable Sectors Most Profitable Sectors Endnote PREFACE|FOREWORD|EXECUTIVE SUMMARY|METHODOLOGY|ECONOMY UPDATE|INDUSTRY INSIGHTS|DEFINITION & CALCULATIONS AWARD WINNERS|COMPANY LISTING|LAUNCH EVENT|EDITORIAL TEAM|SPONSORS Alphabetical Listing Region Wise Listing Total Income Net Profit Net Worth Export Market Capitalisation NPM RoNW Sector

The Indian economy remained on a high growth trajectory with renewed vigour and greater participation from various sectors of the economy. The dynamism is expected to gather further momentum with policy initiatives, thrust on building infrastructure, emphasis on rural and agricultural reforms that would further stimulate demand, growth and employment. The consistent growth and resilience shown by corporate India is testimony to the strong economic fundamentals and positive outlook for the economy. This publication, ‘India’s Top 500 Companies 2007’, captures the underlying transformation witnessed in the Indian corporate segment during the past year. The unprecedented growth of over 28% in the aggregate Total Income of the Top 500 companies in FY07 underlines India’s growing economic strength. Moreover, not a single sector out of the 53 sectors covered in the publication has reported de-growth. Sectors such as Computer Hardware, Telecom Services & Equipment, Retail, Non-Ferrous Metals, Construction and Bearings clocked over 50% growth. From a bottom-line perspective, the aggregate net profit of the Top 500 Companies grew by 36.8%

It seems that corporate India’s growth is likely to remain robust, given the massive capital expenditure plans of Indian companies. 14 key manufacturing sectors reported 26.5% increase in capital work-in-progress on a y-o-y basis, thus indicating strong business outlook and confidence.

The changing structure of India Inc is underscored by the fact that 103 new companies from diverse sectors debuted on the Top 500 list this year. These companies reported a 58% jump in their aggregate total income y-o-y, which propelled them in to the Top 500 companies list.

We have introduced a new section in this year’s edition, viz., Insights. Some major findings contained therein are as follows:

• It is the PSU companies that rule the roost in terms of market capitalisation. The 54 PSU companies featured in the Top 500 list command a high share of 25.2% in the total market capitalisation of the Top 500 Companies.
• Software & ITeS, Banking, Oil - Refining and Marketing, Pharmaceutical, Textile and Construction emerged as the most valuable sectors.
• PSU companies emerged as the most liberal when it came to dividends. PSU companies contributed over 42% of the total dividend paid out by the Top 500 Companies.
• The cumulative intangible assets of the Top 500 companies stood at Rs 116,781.2 mn, 1.3% of total tangible net worth. Interestingly, intangible assets grew by over 41% in FY07. Telecom Services and Retail sectors account for the major chunk of intangible assets.

As India continues to take its rightful place in the global arena, D&B India is committed to record its economic and corporate transition for posterity through the pages of future editions of ‘India’s Top 500 Companies’.

Kaushal Sampat
Chief Operating Officer
Dun & Bradstreet India