Dun & Bradstreet felicitates ‘India’s Top 500 Companies 2018’

Dun & Bradstreet felicitates ‘India’s Top 500 Companies 2018’

 

‘India’s Top 500 Companies’ see 28 new entrants. Despite leverage weighing down on corporates, degradation in banks’ asset quality and demonetization, the aggregate total income of Top 500 companies grows by 7.7% during FY17.

Mumbai, 26th May 2018: Dun & Bradstreet, the world’s leading provider of global business information, knowledge and insights, unveiled the 18th edition of its annual publication ‘India’s Top 500 Companies 2018’ at the Dun & Bradstreet Corporate Awards 2018 held in Mumbai.

The ‘India’s Top 500 Companies’ are the frontrunners of Corporate India and in true sense the ‘Champions of Change’ for the pivotal role they play in Indian economy. The past 17 editions have consistently served as a compendium of information about leading corporates of India across a whole spectrum of diverse industries.

Speaking on the occasion, Julian Prower, Senior Company Officer (Dun & Bradstreet, UK) & Board Chairman (Dun & Bradstreet, India) said “India’s Top 500 Companies contribute to approx. 17% of the country’s GDP. Dun & Bradstreet’s Top 500 publication acknowledges this immense contribution which is only possible because of the unwavering efforts of business leaders like all of you here this evening”

On the performance of the Top 500 Companies, Manish Sinha, Managing Director, Dun & Bradstreet – India said, “I’m delighted to announce the winners of this year’s D&B Corporate Awards. We have branded this year’s event and publication as Champions of Change; we have done customized economic research and developed insights from our database to describe how four broad segments play a unique role as champions of change in shaping the country in the coming years.

The Manufacturing industry will shape India like no other sector over the next 10 years: manufacturing-led economies are more robust, resilient, egalitarian, and create more jobs for the same % growth in GDP. The Service industry is the largest contributor to India’s GDP and interconnects all sectors like no other – accelerating good times and exacerbating bad times. Agriculture is the largest employer and has to play a stronger role than it has played in the last 70 years, through policies and infrastructure that work for this sector. And finally, as we embark on the Fourth Industrial Revolution, the New Age industry can reverse the trend of the previous three, in which India has been overtaken by countries and seen its ranking drop steadily.

The winners of Dun & Bradstreet Corporate Awards 2018 are truly the Champions of Change, playing these roles in their segments and driving these changes successfully. I congratulate all the winners.”

One of the keynote speakers, Mr. Hemant Bhargava, Managing Director, LIC said, “Corporate Governance is of utmost importance to us and we at LIC of India always consider investing in companies with good governance."

FY17 was an eventful year for the Indian economy; characterized by degradation in banks’ asset quality, contraction in India’s share in global exports and the disruption caused by demonetization announcement in November 2016. Amidst this background, an analysis of the Top 500 Companies across more than 50 sectors can be treated as a barometer of the growth trends of India’s leading businesses. It is noteworthy that despite a less-than-favorable scenario, the aggregate total income of Top 500 companies grew by 7.7% during FY17. Similarly, the aggregate net profit of Top 500 companies grew by 18.1% during the year.

This year, 43 new companies have been profiled. Of these, 28 companies have been included for the first time in the universe of Top 500 companies. The aggregate total income of these 43 new entrants reflected a robust growth of 31.5% in FY17 as compared to FY16. Likewise, their aggregate net profit grew by 48.4% over the same period.

Dun & Bradstreet also analyzed the recent performance of 488 companies from India’s Top 500 Companies which have consistently published their quarterly interim results during the three-year period ending December 31, 2017 (June, Sept and Dec quarters of FY16, FY17 and FY18).

The data revealed, the aggregate total income of Top 500 companies for Apr-Dec 2017 grew by 11.2%, as against a growth of 3.9% during the corresponding period a year ago. However, the aggregate PAT during the period declined slightly by 1.8% as against a growth of 15.2% during Apr-Dec 2016. Sector-wise, the Oil-Refining & Marketing, Banking, and Software & BPM sectors were the biggest contributors to the aggregate total income during 9MFY18, collectively accounting for 47.6% of the aggregate total income.

The grand event was hosted in the company of Shiv Pratap Shukla, Minister of State for Finance, Government of India Additionally, many eminent dignitaries from the Top 500 Companies also graced the felicitation ceremony.

 

About Dun & Bradstreet ‘India’s Top 500 Companies 2018’

The publication includes private sector companies and public sector enterprises (PSEs) listed on the Bombay Stock Exchange (BSE) and/or the National Stock Exchange (NSE), India’s two major stock exchanges.

Dun & Bradstreet has developed an in-house proprietary model for selecting top performing companies for awards in respective their sectors. The model took into consideration key financial indicators in areas of business size, growth, profitability, leverage, and solvency among others.

All the financial information in the publication is based on standalone financials sourced from annual reports or audited financial statements. Financial information for the period ending between October 31, 2016, and September 30, 2017, has been considered for the purpose of the publication. In effect, for the majority of Top 500 Companies, the audited financial statements have been considered for the period ended March 31, 2017. For companies where the published financial statement is for a period other than 12 months, the financials are annualized for the purpose of shortlisting, ranking, and profiling. Dun & Bradstreet excluded companies in the absence of unavailability of the annual reports at the time of compiling this publication. In general, all information used in the publication is from publically available relevant sources. The various financial computations are based on D&B’s methodology and have been explicitly explained in the ‘Definitions and Calculations’ section.

 

 

Copyright © 2018 dnb.co.in. All rights reserved.
022 3348 8866
Contact us