Peter F Drucker, the legendary management thinker, remarked in his book, The Practice of Management that the first dimension of every act, every decision, and every deliberation of management has to be an economic dimension, and that it (management) can justify its existence and authority only by the economic results it produces. True, nothing can substitute economic performance. And it is the economic performance alone that separates winners from laggards. Against this backdrop, presenting you herewith the scorecards of who's who of India's top 500 companies.
Any guesses, who the winners are? It doesn't take much to see who has raced to the top of the chart and who is lying low at the bottom. It is once again the big boys from the public sector who steal the show. One may ask, what is in size? The answer is, a plenty. Take a look at the companies adorning the top 10 list and the picture becomes clear. PSU behemoths dominate the rankings, accounting for as many as eight places, with Indian Oil Corporation (IOC) emerging as the numero uno in terms of net sales. The oil giant is way ahead of Reliance Industries, the number two on the list and miles ahead of other firms which figure in the top 10 list. The other private-sector firm which has been able to break into the top 10 list is India's top automaker Tata Motors. Another interesting aspect about the top 10 is that the oil sector dominates the list with six of the top 10 companies representing the sector. Further, it is the old economy businesses which rule the roost, occupying more than half of the places among the top 30 firms. Bharti Tele-Ventures, the telecommunications major makes its debut at No. 30; it's significant to note here that the company came out with its IPO only last year. The three software technology giants, TCS, Wipro, and Infosys are ranked at numbers 31, 34, and 37 respectively.
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