The definition of a mid-cap and a large-cap company has changed over the past decade. Scores of companies have graduated to the large-cap segment and there are many more joining them.
The new accounting norms issued by the Institute of Chartered Accountants of India late this March, could not have come at a more difficult time for Indian corporates.
The FE 500 list has been compiled from largely published balance sheets of companies, which closed their last financial year between April 1, 2006 and March 31, 2007. And for some companies June 2007 figures have been considered.
In the year 2006-07, Indian companies in the new economy had done good business, but when it comes to the magnitude of aggregate profitability ratio, multinational companies continue to outperform them.
Corporate profits witnessed robust growth in FY2006-07. India’s GDP grew by 9.4%, as compared to 9% in the previous year. The main drivers of growth were the manufacturing services and construction sectors.
Among the industries (80) studied, only one showed negative growth in their total income during 2006-07. Mention may be made of transport-airlines/travel agencies.
The year 2007 was a roller coaster ride for Tata Motors. While, on the one hand, the company geared up for the unveiling of the people’s car, the Tata Nano, its upcoming plant at Singur in West Bengal was mired in controversy.
When Azim Premji says that to be successful in business, you have to seize the day. it comes as no surprise to anyone who has been linked to the firm or closely followed the company’s fortunes.
Hindalco Industries Limited, the metals flagship of the Aditya Birla Group, is an industry leader in aluminium and copper. A metals powerhouse with a consolidated turnover in excess of $14 billion, Hindalco is the world’s largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia.
GAIL (India) Limited is the country’s flagship natural gas company and is integrating all aspects of the natural gas value chain and its related services.
For ITC Ltd, 2007-08 continued to be year of quiet growth. Just more launches in its relatively new segment of non-cigarettes fast-moving consumer goods, and solid growth.
In July 2006, when India’s IT bellwether Infosys Technologies celebrated 25 years of creating wealth legally and ethically, it was a beginning towards “a bigger, better, and a flatter” world.
From the acquisition of Corus for $13 billion and making Tata Steel the world’s 6th largest steel conglomerate, to organising a nationwide centenary interschool quiz competition, Tata Steel has done it all.
Bharti Airtel Limited, the country’s largest mobile operator, with a subscriber base of over 61 million as on March end, has made definitive moves to grow from a pure-play telecom company to a converged conglomerate by diversifying into DTH and IPTV services.
Steel Authority of India Ltd—the largest steel producing company in the country, owns and operates eight manufacturing plants—five integrated steel plants producing carbon steels, and three plants making stainless and alloy steels.
India’s oil refining and marketing major-Indian Oil Corporation is a diversified, transnational, integrated energy company. With a sales turnover of Rs 2,20,779 crore and profits of Rs 7,499 crore for fiscal 2006, IOC is India’s largest commercial enterprise.
Oil and Natural Gas Corporation of India is the only fully-integrated petroleum company in India, operating along the entire hydrocarbon value chain. It holds the largest share of hydrocarbon acreages in India and contributes to over 78% of Indian’s oil and gas production.
Beginning as a small textile company, Reliance industries Limited has, in its journey, crossed several milestones to become India’s largest private sector company, with businesses in the energy and materials value chain. In less than three decades, RIL became the first and only Indian company with a market capitalisation of over $100 billion.