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Dun & Bradstreet, a provider of global business information, knowledge and insight, released the 15th edition of its premium publication ‘India’s Top 500 Companies 2015’ recently, in which 35 companies from Karnataka have found place.
The ‘India’s Top 500 Companies & Corporates 2015’ this year has 35 companies from the state as compared to 25 companies in 2014.
Banking and Financial Services sector led the pack with seven entities, followed by Software & ITeS (five entities) and Real estate sector (three entities). Textiles, Liquor and Gems & Jewellery came jointly third with two entities each from the state. Around 28 companies featured among 35 are headquartered in state’s capital Bengaluru while three entities are headquartered in Mangaluru.
Among the 35 companies from Karnataka are: Infosys Limited, Wipro Limited, Bosch Limited, Titan Company Limited, Canara Bank, ABB India Limited, Britannia Industries Limited, Bharat Electronics Limited, Biocon Ltd, Sobha Limited, 3M India Limited, Vijaya Bank, Corporation Bank, Mangalore Chemicals and Fertilisers Limited, Prestige Estates Projeccts Limited, United Breweries Limited and United Spirits Limited.
Highlighting the key insights from the publication, Kaushal Sampat, President & MD - India, Dun & Bradstreet said, “We have seen a remarkable increase in optimism about India and its economic prospects over the last 12-18 months. But, I must admit that the situation through the 3Q results (Apr 2014-Dec 2014) for the Top 500 Companies shows that while the recovery is underway, the pace remains a concern.”
The total income of Top 500 companies for the Q3 period has grown by 5 per cent, a slowing down compared to the 9 per cent growth recorded in similar period prior year. While, the slowing down in topline growth is mainly attributed to de-growth in sectors such as Oil Refining & Marketing, Oil & Gas Exploration, Petrochemicals and Polymers, we have also seen 51 new entrants compared to 45 companies that made their debut in the previous edition.
The India’s Top 500 Companies 2015 report underlines sectoral demands to aid the corporate to address business challenges and align with the growth; addition of sectors like Packaging & Allied Activities, Shipbuilding & Allied Activities, Wood and Wood Products has perceived demand of the sector. The current edition also indicates companies investing in R&D, CSR and Technology Adoption.
‘India’s Top 500 Companies’ is among the longest running publications in the country that ranks and felicitates high performance Indian companies in terms of various financial and operational parameters. This edition also marks Dun & Bradstreet’s two decades of presence in the country. The top corporates from 50 sectors were also felicitated on the occasion through the Dun & Bradstreet Corporate Awards 2015.
| Key Highlights of Top 500 companies 2015 |
| * 500 companies contribute to nearly 20% of India’s GDP, more than one-third of India’s gross total tax revenue, approximately 90% of the total BSE market capitalization, and around 30% of India’s exports |
| * 51 new entrants made their debut in 2015 edition as compared to 45 new companies in the last edition. These new entrants recorded 17% growth in total income in FY14 compared to FY13 |
| * Due to tightened demand and continued macroeconomic pressure, top-line growth for the Top 500 Companies slowed down to 8.7% in FY14, compared to 11.7% in FY13 highlighting moderation from previous year |
| * Macroeconomic pressures resulting from elevated inflation, high cost of borrowing, low business confidence and delays in project approvals had a negative impact on the profit of Top 500 Companies. The Profit after Tax (PAT) of the Top 500 companies decelerated from 8.6% in FY13 to 2.4% in FY14 |
| * Slow income and profit growth led to the aggregate dividend paid by the Top 500 Companies slowing down from 18.2% in FY13 to 13.7% in FY14 |
| * In terms of y-o-y growth, total income of large-cap companies grew at a rate of 9.6% in FY14 as compared to the growth of 6.8% and 6.3% witnessed by mid-cap and small-cap companies, during the same period |
| * The critical role of PSUs in driving the Indian economy is underscored by the fact that even though PSUs account for less than 14% of Top 500 companies in terms of absolute numbers, they contribute to around 40% of the aggregate total income and aggregate net profit of Top 500 Companies |
