For the first time, Hay Group in partnership with Fortune India has announced the list for India’s Most Admired Companies across 15 industries in India. The list is based on the survey of executives, directors and analysts, who rated the high performing companies within their industry. The research has used ‘peer rating’ to determine the top rated companies. The prime sectors from which the companies were chosen were apparel, garment, textiles, auto components, banking & 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 emerged triumphant, becoming this year’s India’s most admired company. Tata Consultancy Services (TCS) ranked top among companies in the IT/ITeS industry, and Tata Motors led in the automotive industry. Hindustan Unilever and Colgate Palmolive are placed at second and third in the list, followed by Cadbury India. PSUs in the oil & gas sector like ONGC, Bharat Petroleum Corporation and IndianOil and Hindustan Petroleum are ranked 16th, 17th, 19th and 20th, respectively in the list.
The companies were rated on nine critical parameters viz. 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 move up the growth ladder.