Chennai: Indian business sector is growing at a fast pace and many leaders feel that Indian economy is the most promising one among others. According to Business world magazine’s report, Tata Consultancy Services became India’s most respected company, leaving behind Infosys and other big companies.
The innovativeness of the company is considered as the most important factor to decide the winners and losers in the corporate world. The study has however takn few other parameters like global competitiveness, quality of talent, quality of top management, financial performance, ethics and transparency into account to rank the companies.
Here are 10 Indian companies that successfully made through the list of 2013’ most respected Indian companies.
1. Tata Consultancy Services
Rank: 1
Total score: 56.53
Innovativeness: 8.20
Innovativeness: 8.20
Quality & depth of top mgmt: 8.17
Financial performance and returns: 7.98
Ethics and transparency: 8.15
The company was established in 1968 as a division of Tata sons and today it is one of the most successful Indian companies.
Country's largest software services firm, Tata Consultancy Services has announced that it has bagged a five-year multi-million euros deal from SAS Scandinavian Airlines to help transform and optimize its IT infrastructure.
2. Reliance Industries
Rank: 2
Total score: 54.56
Innovativeness: 7.92
Total score: 54.56
Innovativeness: 7.92
Quality & depth of top mgmt: 7.94
Financial performance and returns: 7.91
Ethics and transparency: 7.60
Reliance is the largest Indian conglomerate founded by Dhirubhai Ambani in 1960s. Initially the company’s business was into the manufacturing textiles, but within two decades Reliance Textiles became Reliance industries by the end of 2000 with five major segments like exploration and production, refining and marketing, petrochemicals, retail and telecommunications.
Infact, it was the first company to be rated by international credit rating agencies.
3. Infosys
Rank: 3
Total score: 54.42
Innovativeness: 7.88
Innovativeness: 7.88
Quality & depth of top mgmt: 7.85
Financial performance and returns: 7.70
Ethics and transparency: 7.76
Founded in 1981, Infosys has grown as one of the successful companies from past three decades with innovative ideas and enterprise solutions.
The company has slipped to 3rd position in the list as the rate of innovativeness is 7.88 percent with the total score of 54.42. It has about 798 clients from 30 countries in the world. In 2012, it was the second largest employer of H-1B visa professionals in the United States.
4. Hindustan Unilever
Rank: 4
Total score: 53.80
Innovativeness: 7.85
Innovativeness: 7.85
Quality & depth of top mgmt: 7.90
Financial performance and returns: 7.66
Ethics and transparency: 7.41
Hindustan Unilever (HUL) is an Indian consumer goods company that manufactures range of products like foods, beverages, cleaning agents and personal care products.
Some of its famous brands include Clinic Plus, Lifebuoy, Fair & Lovely, Rin, Surf Excel, Lux, Pepsodent, Closeup, Pond’s; Sunsilk and Dove to name a few.
The company, to a great extent, is also contributing to the Indian economy by employing over 16,500 people across India.
5. Larsen & Toubro
Rank: 5
Total score: 52.99
Innovativeness: 7.64
Innovativeness: 7.64
Quality & depth of top mgmt: 7.72
Financial performance and returns: 7.47
Ethics and transparency: 7.44
Larsen and Toubro, also known as L&T, is a multinational Indian company. It is the second largest company in engineering, construction, manufacturing goods, information technology and financial services.
The company was founded in 1938 by two Danish engineers, Henning Holck Larsen and Soren Kristian Toubro. L&T has delivered its services in many projects of hydrocarbon sectors across India as well as in Middle East, Africa, South-East Asia and Australia. In 2013, L&T was ranked as the ninth most innovative companies in Asia.
6. ICICI Bank
Rank: 6
Total score: 52.60
Innovativeness: 7.60
Innovativeness: 7.60
Quality & depth of top mgmt: 7.58
Financial performance and returns: 7.37
Ethics and transparency: 7.48
It is one of the fastest growing Indian financial service companies. Over the years, ICICI emerged as second largest bank with the total assets of $124 billion and net profit at 
83.25 billion as of 2013.
83.25 billion as of 2013.
Currently, Chanda Kochhar is serving as the managing director and chief executive officer of ICICI bank. As of now, she is also heading the Corporate Centre of ICICI Bank.
7. State Bank of India
Rank: 7
Total score: 52.34
Innovativeness: 7.46
Total score: 52.34
Innovativeness: 7.46
Quality & depth of top mgmt: 7.53
Financial performance and returns: 7.65
Ethics and transparency: 7.60
After ICICI bank, SBI is the only financial sector that has made it through the list. It is India’s largest commercial bank in terms of profits, assets, deposits, branches and employees of over 290,000.
As of 2012, the total asset value of the company was U.S. $ 98.99 billion. However, SBI was ranked 29th most reputed companies by Forbes.
8. HDFC Bank
Rank: 8
Total score: 51.56
Innovativeness: 7.51
Innovativeness: 7.51
Quality & depth of top mgmt: 7.51
Financial performance and returns: 7.39
Ethics and transparency: 7.24
HDFC was founded in 1994, it offers a wide range of products and services to more than 28.7 million loyal customers.
With the efficient use of technology and good staff, the company successfully gained market share in the last two decades. (The last paragraph in the main article is important try to include it)
9. Tata Motors
Rank: 9
Total score: 49.54
Innovativeness: 7.18
Total score: 49.54
Innovativeness: 7.18
Quality & depth of top mgmt: 7.15
Financial performance and returns: 6.99
Ethics and transparency: 7.10
Tata Motors is one among the largest motor vehicle manufacturing company in the world. It manufactures car, bus, truck, van, coaches, and military vehicles. As of now, the company operates in many countries including U.K., South Korea, Thailand, Spain, South Africa, and Indonesia.
The company was established in 1945, and become partner with Daimler-Benz. The company has grown to greater heights after launching passenger car, Tata Indica. Some of its notable acquisitions include Daewoo Commercial Vehicles Company, Hispano Carrocera, and Jaguar-Land Rover.
10. Samsung India Electronics
Rank: 10
Total score: 48.52
Innovativeness: 7.20
Innovativeness: 7.20
Quality & depth of top mgmt: 7.07
Financial performance and returns: 6.65
Ethics and transparency: 6.83
Founded in 1969, Samsung is one of the world’s largest providers of mobile phone and smartphones. Besides, the company manufactures and supplies wide range of electronic products and home appliances.
In 2013, Samsung was ranked second on India’s most trusted brands by Brand Trust Report. Infact, Samsung mobile phones have a huge market share India.
Tata Steel
Rank: 11
Total score: 48.10
Innovativeness: 6.73
Innovativeness: 6.73
Quality & depth of top mgmt: 6.95
Financial performance and returns: 6.74
Ethics and transparency: 7.10
A subsidiary of the Tata Group, it is the 12th largest steel producing company in the world in 2012.
The company which has manufacturing operations in 26 countries was ranked 471st in the 2013 Fortune Global 500 ranking of the world's biggest corporations.
It was the seventh most valuable Indian brand of 2013 as per Brand Finance. Tata Steel completed 100 years on February 12, 2012.
It was the seventh most valuable Indian brand of 2013 as per Brand Finance. Tata Steel completed 100 years on February 12, 2012.
Dr Reddy’s Laboratories
Rank: 12
Rank: 12
Total score: 48.10
Innovativeness: 6.98
Innovativeness: 6.98
Quality & depth of top mgmt: 6.82
Financial performance and returns: 6.78
Ethics and transparency: 6.72
Founded by Anji Reddy, Dr Reddy's manufactures and markets a wide range of pharmaceuticals in India and overseas.
The company has over 190 medications, 60 active pharmaceutical ingredients (APIs) for drug manufacture, diagnostic kits, critical care, and biotechnology products.
The company has over 190 medications, 60 active pharmaceutical ingredients (APIs) for drug manufacture, diagnostic kits, critical care, and biotechnology products.
Maruti Suzuki India
Rank: 13
Total score: 47.61
Innovativeness: 6.98
Innovativeness: 6.98
Quality & depth of top mgmt: 6.92
Financial performance and returns: 6.70
Ethics and transparency: 6.68
India’s largest carmaker Maruti Suzuki is a subsidiary of Japanese automobile and motorcycle manufacturer Suzuki.
Maruti Suzuki India (MSI) reported a 61.24 per cent increase in total sales in August at 87,323 units as against 54,154 units in the same month last year.
Maruti Suzuki India (MSI) reported a 61.24 per cent increase in total sales in August at 87,323 units as against 54,154 units in the same month last year.
ITC (Sheraton)
Rank: 14
Rank: 14
Total score: 47.24
Innovativeness: 6.91
Innovativeness: 6.91
Quality & depth of top mgmt: 6.90
Financial performance and returns: 6.70
Ethics and transparency: 6.75
ITC Hotels took over the ‘Adyar Gate Hotel’ in February 1985. The group then renamed the hotel as Sheraton Park Hotel & Towers.
All the properties of AGHL are managed by ITC Hotels.
All the properties of AGHL are managed by ITC Hotels.
Life Insurance Corporation of India
Rank: 15
Total score: 47.21
Innovativeness: 6.76
Innovativeness: 6.76
Quality & depth of top mgmt: 6.77
Financial performance and returns: 6.86
Ethics and transparency: 6.78
Life Insurance Corporation of India was founded in 1956 with the merger of 245 insurance companies and provident societies.
Headquartered in Mumbai, the Life Insurance Corporation of India currently has 8 zonal Offices and 118 divisional offices across India.
Bharti Airtel
Rank: 16
Rank: 16
Total score: 46.86
Innovativeness: 6.80
Innovativeness: 6.80
Quality & depth of top mgmt: 6.77
Financial performance and returns: 6.55
Ethics and transparency: 6.53
From a humble beginning as a company assembling push-button phones in India, Bharti Airtel has grown to become the world’s fourth largest mobile operator.
Established in July 1995 as a public limited company, it has made rapid strides with presence now across 20 countries in Asia and Africa.
Mahindra & Mahindra
Rank: 17
Total score: 46.79
Innovativeness: 6.86
Innovativeness: 6.86
Quality & depth of top mgmt: 6.84
Financial performance and returns: 6.60
Ethics and transparency: 6.70
A $16.2 billion multinational group based in Mumbai, the company was founded in 1945 in Ludhiana as Mahindra & Mohammed by brothers K.C. Mahindra and J.C. Mahindra and Malik Ghulam Mohammed.
The company changed its name to Mahindra & Mahindra after Mohammed left for Pakistan in 1948.
With more than 155,000 people in over 100 countries, it is ranked 21st in the list of top companies in Fortune India 500 (2011).
With more than 155,000 people in over 100 countries, it is ranked 21st in the list of top companies in Fortune India 500 (2011).
ONGC
Rank: 18
Total score: 46.31
Innovativeness: 6.58
Total score: 46.31
Innovativeness: 6.58
Quality & depth of top mgmt: 6.80
Financial performance and returns: 6.52
Ethics and transparency: 6.59
Oil and Natural Gas Corporation is one of the largest Asia-based oil and gas exploration and production companies.
It accounts for around 72 per cent of India's crude oil and around 48 per cent of its natural gas.
It accounts for around 72 per cent of India's crude oil and around 48 per cent of its natural gas.
ONGC has bagged the 357th place in the Fortune Global 500 list of the world's biggest corporations in 2012.
Ranbaxy Laboratories
Rank: 19
Rank: 19
Total score: 46.04
Innovativeness: 6.66
Innovativeness: 6.66
Quality & depth of top mgmt: 6.79
Financial performance and returns: 6.58
Ethics and transparency: 6.42
Started in 1937 by Ranbir Singh and Gurbax Singh, Ranbaxy started off as a distributor for a Japanese company Shionogi.
Incorporated in India in 1961, the company went public in 1973. Japanese pharmaceutical company Daiichi Sankyo acquired a controlling share in 2008.
Ranbaxy exports its products to 125 countries with operations in 43 and manufacturing facilities in eight countries.
Ranbaxy exports its products to 125 countries with operations in 43 and manufacturing facilities in eight countries.
HCL Tech
Rank: 20
Rank: 20
Total score: 46.04
Innovativeness: 6.53
Innovativeness: 6.53
Quality & depth of top mgmt: 6.72
Financial performance and returns: 6.54
Ethics and transparency: 6.54
Founded by Shiv Nadar, HCL Technologies is a global IT services company offering IT solutions, remote infrastructure management, engineering and R&D services, and business process outsourcing (BPO).
HCL has offices in 31 countries and 85,505 employees.
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