TCS tops list of Fortune’s ‘India’s Most Admired Companies’

12 Jul,2013

By A Correspondent

 

Fortune India magazine’s list of Most Admired Companies in 2013 conducted in partnership with management consulting firm the Hay Group has Tata Consultancy Services topping the list with Hindustan Unilever at #2.

 

The previous year’s winner, Tata Steel, slips to #7 as Infosys shares the No. 3 position with ITC. This year, ICICI Bank makes its debut in the top 10.

 

An interesting fact is two public sector companies – State Bank of India and ONGC -are in the Top 10. Last year, there were no PSUs in the Top 10 list.

 

The Fortune India ranking of India’s Most Admired Companies was done in partnership with Hay Group India. Companies are rated on the parameters of corporate governance, endurance, performance, quality, financial soundness, innovativeness, leadership, talent management, social responsibility, and global business. Apart from the overall rankings, there are sector specific rankings, covering 16 key industries.

 

This year, companies were also ranked based on unprompted endorsements by peers. This ranking threw up some surprises and, in many cases, differed from the overall rankings. According to its peers, Hindustan Lever is ranked No. 1, followed by TCS. Infosys stayed on at No. 3 in peer endorsements as well.

 

Said D.N. Mukerjea, Editor, Fortune India: “In my interactions with many new entrepreneurs and CEOs, I have come to the conclusion that nobody today starts or runs a business just to get rich. They do it because they feel they can make a difference, and the ultimate prize they seek is the admiration of their peers. Our ranking of India’s Most Admired Companies, done in partnership with the Hay Group, rests on that central idea. Admiration is a composite of traits and, therefore, hard to earn.”

 

Anita Mazumdar, National Advertising Director, Fortune India, added: “In bad times, when everyone tries so hard to overcome the odds, every company deserves to be a winner. The ranking features corporations who are true value creators and continue to rule because of good practices.”

 

Congratulating the winners, Gaurav Lahiri, Managing Director, Hay Group India, said: “This year, two criteria in particular, Leadership and Creating Shareholder Value, separate the “Top 10″ from the remaining winners, with Talent Management coming in a close third.”

 

The Top 20 companies in Fortune India’s Most Admired Companies for 2013 are:

2012 2013 Company
5 1 TCS
2 2 Hindustan Unilever
7 3 ITC
12 3 Infosys Tech
Not in Top 20 5 State Bank of India
8 6 L&T
1 7 Tata Steel
16 8 ONGC
Not in Top 20 9 Maruti Suzuki
Not in Top 20 10 ICICI Bank
19 11 Indian Oil Corporation (IOC)
6 12 Tata Motors
Not in Top 20 13 HDFC Bank
13 14 Wipro
Not in Top 20 15 Microsoft India
3 16 Colgate Palmolive
9 17 IBM India
Not in Top 20 18 Samsung India Electronics
Not in Top 20 19 Bharti Airtel
Not in Top 20 20 HDFC (NBFC)

 

 

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