TCS rated as India’s best company by Dun & Bradstreet
TCS is known to be IT giant who has been rated as the best company in India on various operational and financial works by Dun & Bradstreet.
There are list of top 500 firms who places Reliance Industries and ITC at the second and the third spots respectively.
Others in the top 10 list are ONGC at the 4th place, followed by Coal India (5th), Infosys (6th), HDFC Bank (7th), HDFC (8th), Hindustan Unilever (9th) and State Bank of India (10th).
By highlighting the key insights, Dun & Bradstreet India President & MD Kaushal Sampat said there is a remarkable increase in optimism about India and its economic prospects over the last 12-18 months.
The most situations in the third quarter for most of the top 500 companies show the recovery under way and remain as a concern. This 2015 list has 51 new entrants as compared to 45 in the last edition.
As per D and B, there is a top line growth of 500 companies slowed down to 8.7 per cent in 2014 which is compared to 11.7 per cent in FY 2013, largely due to tightened demand and macroeconomic pressure.
After tax, the average profit of the top companies is declared from 8.6 per cent in FY 2013 to 2.4 per cent in FY 2014.
Though PSUs account for less than 14 per cent of top 500 companies in terms of absolute numbers, they contribute to around 40 per cent of the aggregate total income and aggregate net profit of the top rated firms.
The regular ranking of the companies are net profit, total income and networth. This list includes both private sector companies and sector enterprises (PSEs) that are listed on stock exchanges. The short listed companies on the basis of their market capitalisation on the BSE and the National Stock Exchange.