West Bengal: Forging ahead in business

West Bengal: Forging ahead in business

June 20, 2015

Like every year, this year too, Dun & Bradstreet has come out with its list of the top 500 companies in India – ‘India’s Top 500 Companies’; and like last year, this year too, West Bengal occupies a pride of place in the list. Thirty-eight Kolkata-headquartered companies from the state feature in the list, an improvement from the 33 of last year.

ITC has been ranked third among the top 500 and Coal India the fifth. Others among the top 100 are Shree Cement (65), Exide Industries (84) and Berger Paints (100).

The others from West Bengal in the list are CESC (129), McLeod Russel India (145), Birla Corporation (175), Graphite India (183), Magma Fincorp (185), Balrampur Chini Mills (194), Allhabad Bank (204), Balmer Lawrie & Company (211), Century Plyboards (India) (218), Emami (228), Hindustan Copper (238), Linde India (252), Simplex Infrastructure (275), Srei Infrastructure Finance (277), Himadri Chemicals & Industries (318), Orient Cement (336), Philips Carbon Black (337), Uco Bank (345), United Bank of India (347), McNally Bharat Engineering (385), Orient Paper & Industries (388), EIH (392), Eveready Industries India (402), Tata Metaliks (405),Dhunseri Petrochem (425), Hindustan National Glass & Industries (431), IFB Industries (433), Kalpena Industries (438), Manaskia (441), Skipper (453), The Tinplate Company of India (463), Usha Martin (467) and Electrosteel Castings (475)

The metals sector (including iron & steel and non-ferrous metals) led the sectoral mix with seven entities, followed by the banking and financial services sector with five entities and the cement sector with three entities.

ITC: The top-ranked company from West Bengal (itcportal.com)

Dun & Bradstreet is a US-based company that provides commercial credit information and reports on businesses. Its annual rankings of Indian companies are primarily based on the total income of the listed companies. However, parameters such as market capitalisation and financial health are also used for inclusion or exclusion in the list.

Overall, the 500 companies in the list contribute to nearly 20% of India’s GDP, more than one-third of India’s gross total tax revenue, nearly 90% of the total Bombay Stock Exchange (BSE) market capitalisation, and around 30% of India’s exports.

Due to tightened demand and continued macroeconomic pressure, the topline growth for the top 500 companies slowed down to 8.7% financial year 2014 (FY14), compared to 11.7% in FY13, highlighting a moderation from the previous year.

‘India's Top 500 Companies’ is among the longest-running reputed listings that ranks and felicitates high-performance Indian companies. This edition also marks Dun & Bradstreet's two decades of presence in the country.

The top corporates from 50 sectors were felicitated on the occasion through the Dun & Bradstreet Corporate Awards 2015.

Lead image: chamberorganizer.com

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