· Three-stage methodology based on growth in market cap, revenues and return on equity
· 14 newcomers this year
Forbes India has unveiled its India’s Super 50 Companies List for 2016, which celebrates corporate excellence based on a series of detailed parameters. The List, in its second year, has 14 newcomers.
Drawn up with knowledge support from PwC India, the Forbes India Super 50 list, given in alphabetical order (it is not a ranking), is a major annual offering from Forbes India, a part of Network18.
Among the names featuring in this year’s Super 50 list is IndusInd Bank, the private sector entity which features on the cover of the Super 50 special issue. The bank clocked a three-year shareholder return of 137 percent, three-year sales compound annual growth rate (CAGR) of 18 percent and three-year average return on equity of 17 percent. IndusInd, which was seen as a laggard in 2008, has now become one of the major players in the private sector space through its strategy of differentiation, domain leadership and diversification.
Other names include Alembic Pharmaceuticals, logistics major Blue Dart Express, adhesives company Pidilite and consumer electricals major Havells. HDFC Bank, Eicher Motors, Infosys, Lupin, Dabur India and Axis Bank also feature.
Among the notable dropouts from last year’s list are MRF, Tata Motors, Glaxo SmithKline Consumer Healthcare, Hindustan Unilever and Pfizer.
Sourav Majumdar, Editor, Forbes India, said, “A sharp focus on capital efficiency, innovation and customer centricity defines this year’s Super 50 companies. Despite their diverse nature, these common threads make these companies benchmarks in excellence.”
Joy Chakraborthy, CEO, Forbes India, said, “The Super 50 issue, in its second year, has become the definitive compilation of the top performing Indian companies based on select parameters. This is in line with Forbes India’s focus on offering its readers the finest coverage of corporate excellence and leadership.”
The three-stage methodology followed by Forbes India together with PwC India for the listing entails using a set of eliminators to arrive at a critical mass of companies. These were then subjected to the tests of market capitalization growth, sales growth CAGR and return on equity over a three-year period to ensure consistency in performance. What emerges is a set of companies which has delighted shareholders, customers and employees.
Click here for full list of India’s Super 50 Companies