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India's 20 most respected companies

September 11, 2013 09:42 IST

India's 20 most respected companies

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Tata Consultancy Services has surpassed Infosys to become India’s most respected company, according to Businessworld magazine.

Innovativeness decides the fortunes of winners and losers in the corporate world, says the magazine which takes into account global competitiveness, quality of talent, quality of top management, financial performance, ethics and transparency to rank ‘most respected companies' in India.  

Tata Consultancy Services

Rank: 1

Total score: 56.53

Innovativeness: 8.20

Quality & depth of top mgmt: 8.17

Financial performance and returns: 7.98

Ethics and transparency: 8.15

TCS is India’s largest IT services company by revenue. TCS was established in 1968 as a division of Tata Sons Limited. 

The company got incorporated as a separate entity on January 19, 1995. TCS tops the innovation chart with 425 patents during fiscal 2012-13.

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Image: TCS Building in Mumbai.
Photographs: Courtesy, TCS.

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Reliance Industries

Rank: 2

Total score: 54.56

Innovativeness: 7.92

Quality & depth of top mgmt: 7.94

Financial performance and returns: 7.91

Ethics and transparency: 7.60

India’s second largest company, Reliance Industries operates in five major segments: exploration and production, refining and marketing, petrochemicals, retail and telecommunications.

The company is ranked 107th on Fortune Global 500 list of the world's biggest corporations for the year 2013.

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Photographs: Reuters

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Infosys

Rank: 3

Total score: 54.42

Innovativeness: 7.88

Quality & depth of top mgmt: 7.85

Financial performance and returns: 7.70

Ethics and transparency: 7.76

Founded in 1981, Infosys is the third-largest India-based IT services company. 

Over the last three decades, Infosys has grown with ‘ideas and enterprise solutions’ and ‘a culture of unwavering ethics and mutual respect,’ says the company. 

Infosys has 798 clients across 30 countries. It is also the second largest employer of H-1B visa professionals in the United States as of 2012.

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Image: Infosys, Bangalore.
Photographs: Courtesy, Infosys.
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Hindustan Unilever

Rank: 4

Total score: 53.80

Innovativeness: 7.85

Quality & depth of top mgmt: 7.90

Financial performance and returns: 7.66

Ethics and transparency: 7.41

Hindustan Unilever Limited owned by Anglo-Dutch company Unilever has a range of products - food, beverages, cleaning agents and personal care products.

The company's distribution covers over 2 million retail outlets across India directly.  Its products are available in over 6.4 million outlets in the country. 

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Image: A pedestrian walks past the Hindustan Unilever Limited headquarters in Mumbai.
Photographs: Danish Siddiqui/Reuters

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Larsen & Toubro

Rank: 5

Total score: 52.99

Innovativeness: 7.64

Quality & depth of top mgmt: 7.72

Financial performance and returns: 7.47

Ethics and transparency: 7.44

Larsen & Toubro is a $14 billion technology, engineering, construction and  manufacturing company with global operations.

L&T is ranked 4th by Newsweek in the global list of green companies in the industrial sector. Forbes has ranked L&T as the 9th ‘Most Innovative Company’ in the world.

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Photographs: Courtesy, Larsen & Toubro

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ICICI Bank

Rank: 6

Total score: 52.60

Innovativeness: 7.60

Quality & depth of top mgmt: 7.58

Financial performance and returns: 7.37

Ethics and transparency: 7.48 

One of India's fastest growing financial services conglomerates, ICICI Bank was originally promoted in 1994 by ICICI Limited as its wholly-owned subsidiary.

Over the years, ICICI Bank grew to become India’s second largest bank with consolidated total assets of $124 billion and net profit  at Rs 83.25 billion ($1,533 million) for the year ended March 31, 2013. 

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Image: A woman passes by the ICICI Bank.
Photographs: Reuters
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State Bank of India

Rank: 7

Total score: 52.34

Innovativeness: 7.46

Quality & depth of top mgmt: 7.53

Financial performance and returns: 7.65

Ethics and transparency: 7.60

State Bank of India is India’s largest commercial bank in terms of profits, assets, deposits, branches and employees.

The oldest commercial bank in the Indian subcontinent, State Bank of India was established in 1806 as the Bank of Calcutta.

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Photographs: Reuters

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HDFC Bank

Rank: 8

Total score: 51.56

Innovativeness: 7.51

Quality & depth of top mgmt: 7.51

Financial performance and returns: 7.39

Ethics and transparency: 7.24

Incorporated in August 1994, HDFC Bank offers wide range of financial products and services to its 28.7 million customers.

Over the last 2 decades, the bank has successfully gained market share with the efficient use of technology and good service. 

While the total income for the year ended March 31, 2013, was Rs 41,917.5 crore, (Rs 419.175 billion), the bank continued to outpace the banking industry growth rate in both advances and deposits. 

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Photographs: Reuters

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Tata Motors

Rank: 9

Total score: 49.54

Innovativeness: 7.18

Quality & depth of top mgmt: 7.15

Financial performance and returns: 6.99

Ethics and transparency: 7.10

With passenger cars, trucks, vans, coaches, buses and military vehicles, Tata Motors is the world's eighteenth-largest motor vehicle manufacturing company, fourth-largest truck manufacturer and second-largest bus manufacturer by volume.

Founded in 1945, Tata Motors is ranked 314th in the 2012 Fortune Global 500 ranking of the world's biggest corporations.

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Photographs: Reuters

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Samsung India Electronics 

Rank: 10

Total score: 48.52

Innovativeness: 7.20

Quality & depth of top mgmt: 7.07

Financial performance and returns: 6.65

Ethics and transparency: 6.83

Founded in 1969, Samsung Electronics currently stands as one of the world's largest vendors in the mobile phone and smartphones. It also has a wide range of consumer electronic products and home appliances.

In 2013, The Brand Trust Report, ranked Samsung as India's second most trusted brand.

Samsung has the largest market share in the mobile phone markets in India.


Image: A woman presents the Samsung Galaxy SIII smartphone during its product launch in Jakarta.
Photographs: Beawiharta/Reuters

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Tata Steel

Rank: 11

Total score: 48.10  

Innovativeness: 6.73

Quality & depth of top mgmt: 6.95

Financial performance and returns: 6.74

Ethics and transparency: 7.10

A subsidiary of the Tata Group, it is the 12th largest steel producing company in the world in 2012.

The company which has manufacturing operations in 26 countries was ranked 471st in the 2013 Fortune Global 500 ranking of the world's biggest corporations.

It was the seventh most valuable Indian brand of 2013 as per Brand Finance. Tata Steel completed 100 years on February 12, 2012.

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Photographs: Beawiharta/Reuters

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Dr Reddy’s Laboratories

Rank: 12

Total score: 48.10

Innovativeness: 6.98

Quality & depth of top mgmt: 6.82

Financial performance and returns: 6.78

Ethics and transparency: 6.72 

Founded by Anji Reddy, Dr Reddy's manufactures and markets a wide range of pharmaceuticals in India and overseas.

The company has over 190 medications, 60 active pharmaceutical ingredients (APIs) for drug manufacture, diagnostic kits, critical care, and biotechnology products.

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Image: Dr Reddy's Laboratories
Photographs: Courtesy, Dr Reddy's.
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Maruti Suzuki India

Rank: 13

Total score: 47.61

Innovativeness: 6.98

Quality & depth of top mgmt: 6.92

Financial performance and returns: 6.70

Ethics and transparency: 6.68 

India’s largest carmaker Maruti Suzuki is a subsidiary of Japanese automobile and motorcycle manufacturer Suzuki.

Maruti Suzuki India (MSI) reported a 61.24 per cent increase in total sales in August at 87,323 units as against 54,154 units in the same month last year.

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Image: Maruti Suzuki
Photographs: Courtesy, Maruti.

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ITC (Sheraton)

Rank: 14

Total score: 47.24

Innovativeness: 6.91  

Quality & depth of top mgmt: 6.90

Financial performance and returns: 6.70

Ethics and transparency: 6.75

ITC Hotels took over the ‘Adyar Gate Hotel’ in February 1985. The group then renamed the hotel as Sheraton Park Hotel & Towers.

All the properties of AGHL are managed by ITC Hotels.

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Photographs: Courtesy, ITC
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Life Insurance Corporation of India 

Rank: 15

Total score: 47.21

Innovativeness: 6.76

Quality & depth of top mgmt: 6.77

Financial performance and returns: 6.86

Ethics and transparency: 6.78

Life Insurance Corporation of India was founded in 1956 with the merger of 245 insurance companies and provident societies.

Headquartered in Mumbai, the Life Insurance Corporation of India currently has 8 zonal Offices and 118 divisional offices across India.

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Image: LIC Zonal Office Night View from ConnaughtPlacePark
Photographs: Tezpur4u/Wikimedia Commons

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Bharti Airtel

Rank: 16

Total score: 46.86

Innovativeness: 6.80

Quality & depth of top mgmt: 6.77

Financial performance and returns: 6.55

Ethics and transparency: 6.53

From a humble beginning as a company assembling push-button phones in India, Bharti Airtel has grown to become the world’s fourth largest mobile operator.

Established in July 1995 as a public limited company, it has made rapid strides with presence now across 20 countries in Asia and Africa. 

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Photographs: Reuters

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Mahindra & Mahindra 

Rank: 17

Total score: 46.79

Innovativeness: 6.86

Quality & depth of top mgmt: 6.84

Financial performance and returns: 6.60

Ethics and transparency: 6.70

A $16.2 billion multinational group based in Mumbai, the company was founded in 1945 in Ludhiana as Mahindra & Mohammed by brothers K.C. Mahindra and J.C. Mahindra and Malik Ghulam Mohammed.

The company changed its name to Mahindra & Mahindra after Mohammed left for Pakistan in 1948. 

With more than 155,000 people in over 100 countries, it is ranked 21st in the list of top companies in Fortune India 500 (2011).

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Image: Employees walk past an assembly line of "Maxximo", a light commercial vehicle, at a new plant of Mahindra and Mahindra in Chakan.
Photographs: Arko Datta/Reuters

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ONGC

Rank: 18

Total score: 46.31

Innovativeness: 6.58

Quality & depth of top mgmt: 6.80

Financial performance and returns: 6.52

Ethics and transparency: 6.59

Oil and Natural Gas Corporation is one of the largest Asia-based oil and gas exploration and production companies.

It accounts for around 72 per cent of India's crude oil and around 48 per cent of its natural gas.

ONGC has bagged the 357th place in the Fortune Global 500 list of the world's biggest corporations in 2012.

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Photographs: Courtesy, ONGC

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Ranbaxy Laboratories

Rank: 19

Total score: 46.04

Innovativeness: 6.66

Quality & depth of top mgmt: 6.79

Financial performance and returns: 6.58

Ethics and transparency: 6.42

Started in 1937 by Ranbir Singh and Gurbax Singh, Ranbaxy started off as a distributor for a Japanese company Shionogi.

Incorporated in India in 1961, the company went public in 1973. Japanese pharmaceutical company Daiichi Sankyo acquired a controlling share in 2008.

Ranbaxy exports its products to 125 countries with operations in 43 and manufacturing facilities in eight countries.

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Image: Ranbaxy Laboratories
Photographs: Courtesy, Ranbaxy

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HCL Tech 

Rank: 20

Total score: 46.04

Innovativeness: 6.53

Quality & depth of top mgmt: 6.72

Financial performance and returns: 6.54

Ethics and transparency: 6.54

Founded by Shiv Nadar, HCL Technologies is a global IT services company offering IT solutions, remote infrastructure management, engineering and R&D services, and business process outsourcing (BPO). 

HCL has offices in 31 countries and 85,505 employees.


Photographs: Mansi Thapliyal/Reuters

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