Maharashtra is home to 205 of the country’s top 500 companies, according to Dun & Bradstreet India’s 14th 'India’s Top 500 Companies’ report.
It profiles India’s most well-respected and high-performing companies on the basis of various financial parameters.
The ranking covers various parameters such as total income, net profit and net worth and includes both private sector companies as well as public sector enterprises that are listed on stock exchanges.
Kaushal Sampat, President & CEO, D&B, said, “Despite subdued consumption demand and inflationary pressures that persisted during FY14, the Top 500 Companies managed to show modest 8 per cent growth in their top line earnings during the first nine months of FY14 compared to the same period previous year. On the profitability front, margins declined marginally from 7.5 per cent during 9M FY13 to 7 per cent during 9M FY14.
"On the back of policy initiatives expected from the new government, we expect revival in the domestic economy in FY15, albeit at a slower pace, as measures to boost business confidence will take time to fructify. For FY15, D&B expects the GDP to grow by 5.5 per cent,” he added.
The report also shows that India’s Top 500 companies are spread over 57 sectors.
According to the study, 288 companies featuring in India’s Top 500 Companies account for more than 10 per cent of India’s total employment in organised sector. They also contribute 20 per cent to the country’s GDP.
The report also reveals that India’s Top 500 Companies are resulting for about 30 per cent of India’s total exports helping in building brand India in the global arena.