Editor's Letter: Taking Strides
“Believe you can and you’re halfway there.” ͟Theodore Roosevelt
Respect is earned bit by bit, based on actions taken across different spheres. Companies who score high on the respect index are those who have kept their core values intact through turbulent times. The 2022 edition of the BW Businessworld Most Respected Companies (MRC) survey was conducted by our knowledge partner, TechSci Research, in the backdrop of the disruptions in economic activities caused by the restrictions and lockdowns imposed to contain the coronavirus pandemic.
The survey is perception-based and evaluates companies on parameters such as corporate social responsibility, women-friendly policies, a rewarding work culture, an effective growth plan, and financial returns. The study maps the current perception levels in the minds of employees and self-employed individuals in India. As many as 21 sectors were identified and research was conducted across 575 respondents including senior and mid-level employees. Overall, Tata Consultancy Services emerged at the top of the Most Respected Companies list, based on the chosen parameters, followed by Google India, HDFC Bank, Hindustan Unilever and Amazon India.
While TCS tops the MRC list for FY 2021, in the last MRC rankings published in early 2020 (for FY 2019), the ITeS behemoth had been ranked second. Google India has been ranked second in the list this year. As of April 2022, it has maintained a 98.71 per cent market share in the search engine business. The HDFC Bank, the largest private sector bank (by balance sheet size) in India, jumped two places to sit pretty in the third position in the MRC rankings for FY 2021. The largest consumer goods maker, HUL, also moved two places up over its MRC rankings for FY 2019, to be ranked in the fourth position. Amazon India was in the fifth position based on increased business, local growth, trustworthy leadership and sound financial returns.
In this issue, we also profile India's most innovative emerging software and product companies. BW Businessworld Techtors spotlights high-calibre companies who are creating successful large enterprises.
As always, we bring to you a wide spectrum of views, comments and even the quirky quip, of pundits on business and the economy. In this issue, Bibek Debroy, Chairman, Economic Advisory Council to the Prime Minister (EAC-PM), Amit Kapoor, Chair, Institute for Competitiveness and Aditya Sinha, consultant, EAC-PM, pontificate on the correlation of urbanisation and economic development. It you thought it to be a given, think again.
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