Just five sectors accounted for almost 100 per cent of the net profits and 56 per cent of the revenues of 11,167 unlisted companies in 2001-02. The sectors are insurance, financial and leasing services, trading, energy and telecommunication.
A Business Standard Research Bureau study based on data compiled by the Centre for Monitoring Indian Economy (CMIE) shows that the top five sectors reported net profits of Rs 29,547 crore.
The figure for all the unlisted companies put together was Rs 29,904 crore. The total income (sales and other income) of these five sectors was Rs 238,521 crore (Rs 425,897 crore for the full sample).
The study further shows that the top five accounted for 76.3 per cent of the total borrowings of all unlisted companies, 69.4 per cent of the interest costs paid and 77.9 per cent of the total capital employed by 11,617 unlisted firms.
The Life Insurance Corporation of India (LIC) dominates the unlisted companies, accounting for 17.32 per cent of the revenues and 60.89 per cent of aggregate net profits.