The business magazine’s list of most admired companies for 2014 puts ITC at the top, followed by L&T, Hindustan Unilever, Maruti Suzuki and SBI.
Tobacco-to-consumer goods conglomerate ITC Ltd has replaced IT giant Tata Consultancy Services (TCS) as India’s most admired company on a Fortune magazine list, which has got as many as 19 new entrants including Cognizant Technology Solutions Corp., Idea Cellular Ltd and discom BSES Rajdhani Power Ltd (BRPL).
In the latest list for 2014, ITC is followed by engineering and infrastructure major Larsen and Toubro Ltd (L&T), Hindustan Unilever Ltd (HUL), car maker Maruti Suzuki India Ltd and State Bank of India (SBI) among the top five most admired companies in India.
In comparison, the list for 2013 was topped by TCS, followed by HUL, ITC, Infosys Ltd and SBI at in the top-five. TCS has moved down to the sixth position this year.
Releasing the third annual list of 45 most admired companies in India, for 2014, the business magazine said there are as many as 19 new entities on the list including GMR Infrastructure Ltd, Idea Cellular, BRPL and Cognizant.
The list has been prepared in collaboration with the Hay Group.In sectoral rankings, NTPC Ltd is at the top position for the power sector and is followed by Tata Power Co. Ltd, BRPL, Power Grid Corp. of India and BSES Yamuna Power Ltd in the top five.Of these, three companies have found place on the main list-NTPC at 22nd, Tata Power at 27th and BRPL at the 35th position.
For the telecom sector, Vodafone India Ltd is at the top, followed by Bharti Airtel Ltd, Idea Cellular, Tata Communications Ltd, Reliance Communications Ltd, Aircel Ltd in the top five.The list for the pharma and healthcare sector is topped by Apollo Hospitals Enterprise Ltd, followed by Abbott India Ltd, GSK Pharma, Cadila, Sun Pharmaceutical Industries Ltd, Cipla Ltd and Ranbaxy, among others.
The rankings are based on a survey of over 1,500 companies as per responses from the top industry executives, including on the basis of peer group response.