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The criteria used for ranking Dun & Bradstreet’s ‘India’s Top 500 Companies 2007’ continues to be Total Income, Net Profit and Net Worth. Although market capitalisation remains the criterion for the initial short listing of companies, the editorial team has used a diverse set of objective and subjective parameters to arrive at the final list of Top 500 companies. The publication includes both private sector companies and public sector enterprises (PSEs) that are listed on India’s two major stock exchanges, viz., the BSE and the NSE. The major change in the criteria for inclusion of companies in the Top 500 list as compared to previous editions is that unlisted PSEs have been excluded.

Two new initiatives have been added to the publication, viz., financial comparison of companies classified under different sectors and a section called ‘Insights’, based upon analyses of the financial data pertaining to the Top 500 Companies. We have identified 53 distinct sectors for the purpose of classifying the companies. Within each sector, the companies have been further ranked based upon Total Income. Those companies, which were the only ones present in a particular sector, are included under the ‘Others’ category.

The companies were short listed on the basis of their market capitalisation on the Bombay Stock Exchange and the National Stock Exchange, India’s two main stock exchanges. An average of the market capitalisation for all trading days in FY07 was computed to arrive at the cut-off point for the short listing. The editorial team then applied certain criteria such as past and present performance, promoter track record and company earnings to arrive at the final list of well-managed and high-performance companies.

The Total Income, Net Profit and Net Worth figures for companies are as per standalone financials sourced from annual reports for the financial year 2006-07. Total income is a sum of revenue and other income, where the revenue is net of excise duties, sales tax, inter-unit transfers and other government levies. Net profit refers to profit before considering the impact of prior period and extra-ordinary items. Net worth is the sum of share capital and reserves & surplus, deducting debit balance appearing in the profit and loss account, revaluation reserves, miscellaneous expenditure, and intangibles such as patents, goodwill, trademarks, copyrights, know-how, brands, licenses, rights, computer software and the likes. Those companies whose financial statements have been qualified and quantified by auditors are marked with an asterisk (*) while unquantified qualification are marked with (**) in this publication. The qualifications quantified by auditors have been considered while calculating the financial figures. Certain companies where annual reports were not made available to Dun & Bradstreet at the time of compiling this publication have been omitted.

A standardised reporting format has been used for listing company management details in write-ups, incorporating only key designations. Additional designations have not been stated. Salutary prefixes and titles of individuals have also been omitted. Dun & Bradstreet has compiled the companies’ management details from their respective annual reports and updated these records wherever data were available. The editorial team would appreciate if readers keep Dun & Bradstreet regularly updated regarding any change in their companies, as and when it occurs.

Each company featured in the publication has been allotted its unique identification number (D-U-N-S® - Data Universal Numbering System). This will help readers locate and obtain full-fiedged information reports on these companies from the Dun & Bradstreet database.

The editorial team is confident that ‘India’s Top 500 Companies 2007’ will prove even more useful than the previous editions. We would be pleased to receive your invaluable feedback and suggestions, which we can incorporate in the next edition. Your satisfaction remains our goal in Dun & Bradstreet’s journey towards excellence.