India’s Top 500 Companies 2022

INDIA’S TOP 500 COMPANIES 2022 21 India’s Top 500 Companies: 1997 vs 2022 edition India’s Top 500 Companies publication has evolved significantly since its launch in 1997. The first edition of the publication assessed, and ranked companies based on only one parameter, i.e. average market capitalisation. In subsequent editions, the methodology was revised and included parameters like total income, net profits, and net worth. Additionally, features such as sectoral classification of companies and editorial sections covering overviews/ insights, and interviews were added to subsequent editions, thereby making the publication more insightful for the readers. Besides changes in the format of the publication, the universe of Top 500 Companies has also witnessed multi- fold growth over the years in total income, net profit and average market capitalisation. Further, if we compare the list of Top 500 Companies in all the 22 editions of D&B India’s Top 500 Companies, only 124 companies are consistently featuring in all the editions. This points towards a constant churning of the Top 500 Companies which signifies the dynamism of sectors and companies’ growth strategies. On the other hand, the companies that have consistently featured in all the 22 editions of the publication have stood the test of time and have emerged as the frontrunners of the country’s corporate sector. Top 500 Companies Contribution to the Indian Economy, FY 2021 Revenue as % of GDP 1 34 % Forex earnings 3 24 % Tax revenue 2 39 % BSE listed companies market capitalisation 90 % 1) Total standalone revenue of Top 500 companies as % of India’s current GDP for FY 2021. 2) Total tax expenditure of Top 500 companies as % of total corporate tax revenue for FY 2021. 3) Total export earnings of top 500 companies as % of India’s forex earnings. Source: D&B Research, BSE, RBI Dun & Bradstreet