TCS has emerged as India's most admired company ahead of Hindustan
Unilever, ITC, and Infosys, says global management consultancy Hay
Group.
According to the findings of the second
edition of India's Most Admired Companies (IMAC) compiled by Hay Group
in association with Fortune India, TCS replaced last year's winner group
company Tata Steel by scoring highest on parameters such as corporate
governance, financial soundness, and talent management.
Second-ranked
FMCG HUL has been rated highest on its endurance and product quality,
while ITC and Infosys share the joint third spot. SBI, L&T, Tata
Steel, ONGC, Maruti Suzuki, and ICICI Bank also feature in the top 10.
Commenting
on the findings, Hay Group India MD Gaurav Lahiri said "this year, two
criteria in particular, Leadership, and Creating Shareholder Value,
separated the Top 10 from the rest of the winners, with Talent
Management coming in a close third."
Interestingly,
last year's top 10 did not include any PSEs - accounted for by SBI and
ONGC this year. ICICI makes its debut in the top ten this year, while
Colgate Palmolive, Tata Motors, and Dell India all have slipped down the
order compared to their ranking last year.
The
top 10 of India's most admired companies also include SBI (5th),
L&T (6th), Tata Steel (7th), ONGC (8th), Maruti Suzuki (9th) and
ICICI Bank (10th).
Lahiri further added that
"as demonstrated by the IMACs, in today's uncertain business
environment, it is more important than ever for organisations to create
shareholder value through good leadership and talent management
practices."
The study was based on a unique
peer ranking methodology, that covered 493 companies across 16 key
sectors. Findings represent a report card on corporate reputations that
involves more than just profits and performance for India Inc.
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