Forbes India, a part of Network18 group, has come out with the list of India's top 50 private sector companies based on various financial parameters.
Based on three growth parameters such as market cap, revenues and return on equity, the companies have been selected. Along with 14 newcomers in the list, the surprise package has been the inclusion of IndusInd Bank, which 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.
The bank, which was seen as a laggard in 2008, as now become one of the major players in the private sector space through its strategy of differentiation, domain leadership and diversification.
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.”
Other larges companies that made it to the list include Alembic Pharmaceuticals, logistics major Blue Dart Express, Pidilite, HDFC Bank, Infosys, Lupin etc. among others.
However, some of the big corporate names were dropped from the last year's list which include MRF, Tata Motors, Glaxo SmithKline Consumer Healthcare, Hindustan Unilever and Pfizer.
Click here for full list of India’s Super 50 Companies.
Disclosure: Firstpost is part of Network18 Media & Investment Limited which is owned by Reliance Industries Limited.