India’s Top 500 Companies 2019

INDIA’S TOP 500 COMPANIES 2019 87 Top 10 contributing sectors in terms of income Sectors Total Income FY18 Total Income FY17 Growth in Total Income FY18 (%) Contribution to overall TI in FY18 (%) Oil - Refining & Marketing 14,570.2 12,838.6 13.5 24.5% Banks 9,654.0 8,853.7 9.0 16.2% Software & BPM 3,081.8 2,903.5 6.1 5.2% Automobiles 2,310.9 2,077.1 11.3 3.9% FIs / NBFCs / Financial Services 2,267.6 2,048.3 10.7 3.8% Power 2,084.4 1,950.5 6.9 3.5% Insurance 1,826.4 1,607.1 13.6 3.1% Iron & Steel 1,654.7 1,416.2 16.8 2.8% Construction - Infrastructure Development 1,335.4 1,205.6 10.8 2.2% Pharmaceuticals 1,109.8 1,116.3 -0.6 1.9% Source: Dun & Bradstreet Research Forex Earnings of Top 500 Companies rise by 6.4% in FY18 The contribution of foreign exchange earnings to India’s GDP has shown significant improvement over the past decades. The contribution of forex earnings to GDP expanded from a modest 5.7% in 1986-87 to above 15% in 2017-18. The rapid growth of forex earnings, especially exports, can be attributed to several factors, including the liberalization programme, Foreign Trade Agreements and favourable foreign trade policies. Top 10 contributing sectors in terms of foreign exchange earnings Sectors Foreign exchange earnings ( ` bn) FY18 Foreign exchange earnings ( ` bn) FY17 (% y-o-y change) Contribution to Aggregate of Top 500 Companies (%) Software & BPM 2,652.6 2,551.5 4.0 31.8% Oil - Refining & Marketing 1,955.9 1,757.7 11.3 23.4% Pharmaceuticals 576.6 589.2 -2.1 6.9% Gems & Jewellery 328.3 464.5 -29.3 3.9% Non Ferrous & Precious Metals 286.9 234.9 22.1 3.4% Mining - Metals & Minerals 283.9 211.4 34.3 3.4% Iron & Steel 249.6 207.3 20.4 3.0% Textiles 188.0 178.3 5.4 2.3% Construction - Infrastructure Development 166.8 162.8 2.4 2.0% Automobiles 157.0 157.4 -0.2 1.9% Source: Dun & Bradstreet Research In FY18, the total foreign exchange earnings of India’s Top 500 Companies stood at ` 8,349.2 bn, a rise of 6.4% from the preceding year. Apart from Software & BPM, the growth is largely attributed to a double-digit growth in the forex earnings of Oil - Refining & Marketing, Non Ferrous & Precious Metals, Mining – Metals & Minerals and the Iron & Steel sectors. In FY18, the top 10 export-oriented sectors among India’s Top 500 Companies accounted for a whopping 76.7% of the aggregate value of foreign earnings of Top 500 companies. Their collective forex earnings grew by 5.1% vis-a-vis the previous year. Of these, Software & BPM and the Oil - Refining & Marketing sectors together accounted for 55.1% of aggregate foreign exchange earnings. In FY18, Mining – Metals & Minerals sector reported a healthy 34.3% growth in forex earnings due to a rise in exports of low grade iron ore. A healthy 20.4% growth in forex earnings of the Iron & Steel sector was backed by Indian companies taking advantage of a slowdown of Chinese steel exports. Dun & Bradstreet