6 Corporates from Punjab among Top 500 companies in India
Chandigarh, June 24, 2014: 6 companies from the state of Punjab have made way to the recently released fourteenth edition of Dun & Bradstreet India’s, ‘India’s Top 500 Companies’ report, which profiles India’s most well – respected and high performing companies on the basis of various financial parameters.
Dun & Bradstreet (D&B), the world’s leading provider of global business information, knowledge and insight, announced and presented the ‘Dun & Bradstreet Top 500 Companies’ which includes 6 of the best performing corporates from Punjab are Nahar Industrial Enterprises Limited, Nahar Spinning Mills Limited, SEL Manufacturing Technologies Limited, SML Isuzu Limited, Trident Limited and Vardhman Textiles Limited. The ranking is done on the basis of various parameters such as total income, net profit and net worth. It includes both private sector companies as well as public sector enterprises (PSEs) that are listed on stock exchanges.
Speaking about the report, Mr. Kaushal Sampat, President & CEO – India, Dun & Bradstreet said “Despite subdued consumption demand and inflationary pressures that persisted during FY14, the Top 500 Companies managed to show modest 8% growth in their top line earnings during first nine months of FY14 as compared to the same period previous year. On the profitability front, margins declined marginally from 7.5% during 9M FY13 to 7% during 9M FY14. On the back of policy initiatives expected from the new government, we expect revival in the domestic economy in FY15, albeit at a slower pace, as measures to boost business confidence will take time to fructify. For FY15, D&B expects the GDP to grow by 5.5%.”
“The report also shows that India’s corporate sector is now very diverse, with D&B’s India Top 500 Companies spread over 57 diverse sectors. Each company in itself is a critical cog of the Indian economy but when considered collectively, these companies are THE building blocks of the Indian economy on whose shoulders lies the responsibility of taking the nation forward through inclusive growth of the economy.”, said Mr. Pawan Bindal, Director – Dun & Bradstreet India.
According to the study, 288 companies featuring in India’s Top 500 Companies account for more than 10% of India’s total employment in organized sector. In addition to this they also contribute 20% to the country’s GDP. The report also reveals that India’s Top 500 Companies are resulting for about 30% of India’s total exports helping in building brand India in the global arena.
About ‘India’s Top 500 Companies 2014’ Over the past decade, Dun & Bradstreet India (D&B India) has endeavoured to provide top Indian companies a global platform through its acclaimed publication, ‘India’s Top 500 Companies’. The publication profiles India’s most well - respected and high performing companies on the basis of various financial parameters. The 2014 edition is the 14th edition of the publication.
The criteria for ranking used in the D&B’s publication ‘India’s Top 500 Companies 2014’ are total income, net profit and net worth. It includes both private sector companies as well as public sector enterprises (PSEs) that are listed on stock exchanges. The companies were short listed on the basis of their market capitalisation on the Bombay Stock Exchange and the National Stock Exchange, India’s two main stock exchanges. The companies in the publication have been classified on a sectoral basis. The sectoral classification is based on segmental revenue – a company should generate at least 35% of its revenues from a particular sector in order to be classified under that sector. Within each sector, the companies have been further ranked based on total income. The ‘Others’ category includes companies which are the only ones present in a particular sector; whereas companies operating in more than one segment which individually does not contribute to more than 35% are classified under the ‘Diversified’ category.
About Dun & Bradstreet (D&B):
Dun & Bradstreet (NYSE:DNB), the world's leading source of global business information, knowledge and insight, has been enabling companies to Decide with Confidence® for over 173 years. D&B's global commercial database contains more than 230 million business records. The database is enhanced by D&B's proprietary DUNSRight® Quality Process, which transforms the enormous amount of data collected daily into decision-ready insight. Through the D&B Worldwide Network -an unrivaled alliance of D&B and leading business information providers around the world customers gain access to the world's largest and highest quality global commercial business information database.
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