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Tata group voted India's most trustworthy company
Completing a year at the helm of one of the biggest conglomerates of the country, Cyrus Mistry seems to have won the trust of his investors, says a survey by Equitymaster.
According to the survey, the Tata group retains the top position with 4,490 (31.83%) readers voting them to be 'The Most Trustworthy Corporate Group' of 2013. This is fourth time in a row that The Tata Group has come out as a clear winner.
However, it must be noted that the Tata Group has dropped significantly from the 61.21% votes they got in 2011 and the 55.77% they received last year.
A total of 14,107 votes were cast in the survey that was conducted on Equitymaster’s website for a week.
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Tata group voted India's most trustworthy company
HDFC Group took the distant second position with 12.47% votes followed by Larsen and Toubro with 7.83% votes.
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Tata group voted India's most trustworthy company
Aditya Birla Group (6.44%), Infosys (5.05%) and Mahindra Group (4.28%) took the fourth, fifth and sixth position respectively.
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Tata group voted India's most trustworthy company
Keeping with the current times, this year Equitymaster also included “None of Above” as one of the options and 4.14% of the total voters opted for it to showing the complete lack of trust investors have in these businesses.
Mukesh Ambani's Reliance Group (9th), with 3.58% votes, was placed 2 ranks above the Anil Dhirubhai Ambani Group (11th) that got 2.72% of the total votes cast.
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Tata group voted India's most trustworthy company
With 3.49% votes, Godrej and DLF (2.50%) and Vedanta Group (2.43%) were the new addition to the list this year and they outperformed the regulars like Bharti Airtel (2.19%) and Essar Group (1.94%).
This Annual survey is one of the many investor awareness initiatives that are carried out by Equitymaster and it has seen thousands of investors casting their vote every year.