India’s Top 500 Value Creators 2023

India’s Top 500 Value Creators 2023 | 33 [ OVERVIEW OF INDIA’S TOP 500 VALUE CREATORS ] COMPARATIVE SNAPSHOT: 1997 VS. 2023 Since its launch in 1997, the ‘India’s Top 500 Companies’ publication has evolved significantly. From a singular focus on one parameter, i.e., average market capitalization, themethodology changed in subsequent editions to include 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, making the publicationmore insightful for readers. Notably, the 2023 edition has raised the bar, and includes the market value as well as intrinsic value of companies – assessing and ranking the top 500 companies based on more than 25 parameters that drive long-term value creation. REVENUE OF TOP 500 COMPANIES HAS GROWN 23X SINCE 1997 The key insights that emerge out of a 1997 vs. 2023 comparison underscore India Inc.’s solid growth story: The total revenue of the top 500 companies has increased 23 times from INR 4 trillion in 1997 to INR 91 trillion by 2023. The net profit of the Top 500 companies has climbed from INR 0.31 trillion in 1997 to about INR 9 trillion in 2023 – growing 29 times. W i t h r e g a r d s t o ma r k e t capi tal i zat ion, the Top 500 companies have expanded to a total of INR 208 trillion fromabout INR 5 trillion – growing 45 times. Comparative Snapshot: 1997 vs. 2022 Edition DIGITALIZATION’S IMPACT ON PRODUCTIVITY: 1997 VS 2023 Within the1997 to2023period, digitally native businesses have capturedmore value than their counterparts. Since 1997, companies from the ICT sector have seen a 52 times growth in their net profits. S imi l ar l y , compan i es f rom Banking, Financial Services, and Insurance (BFSI) sector have seen a 45x growth in net profits during the 1997 to 2023 period. At the same time, sectors that are traditionally slow in tech adoption, have seen the lowest growth in net profits, e.g., Transport & Warehousing (12x), Construction (14x), and Textiles (15x). Dun & Bradstreet