For the first time, Hay Group in partnership with Fortune India has announced the list for India’s most admired companies across 15 most high impact industries in India. The list is based on the surveys of executives, directors and analysts who rate the high performing companies within their industry. Hay Group, the research partners has used one of its kinds ‘peer rating’ to determine the top rated company. The prime sectors from which the companies were chosen were apparel, garment, textiles, auto components, banking and finance, cement, consumer durables, infra development, metals, mining, Oil & Gas, power, pharmaceutical, healthcare and telecom amongst others.
The Tata Group dominates with three group companies featuring in the top ten list of India’s most reputed companies. Tata Steel has topped the list, becoming India’s most admired company. Tata Consultancy Services (TCS) has ranked top among companies in the IT, ITES, BPO industry and Tata Motors led in the automotive industry. Hindustan Unilever and Colgate Palmolive are placed at the second and the third place in the list followed by Cadbury India. No public sector undertaking features in the first top ten most admired companies. However, PSUs in the Oil and Gas sector like the ONGC, Bharat Petroleum Corporation and Indian Oil and Hindustan Petroleum are ranked 16th, 17th, 19th and 20th respectively in the list.
The companies were rated on 9 critical parameters – endurance, corporate governance, performance and investment value, financial soundness, innovation, product and service quality, leadership, talent management and corporate social responsibility. The research clearly proves that companies are increasingly focusing on these nine key growth areas to engage their employees and reach up the growth ladder.