India’s Top 500 Value Creators 2023

India’s Top 500 Value Creators 2023 | 1 [ MESSAGE FROM MD’S DESK ] Dun & Bradstreet began its journey in India about three decades ago. Since 1997, Dun & Bradstreet has been documenting the contributions of the Indian corporate sector through our flagship publication, India’s Top 500 Companies. At the time, India had just embarked on the path towards becoming one of the world’s fastest growing economies. • In 1997, India’s GDP was just INR 14 trillion. Since then, the country has grown 19 times to INR 272 trillion in 2023. • The total revenue of the top 500 companies has increased 23 times from INR 4 trillion in 1997 to INR 91 trillion by 2023. • In terms of market valuation, the Top 500 firms have expanded to a total of INR 208 trillion, that’s 42 times of INR 5 trillion when we published our first edition. Over the years, the publication has established itself as a comprehensive compendium on the Indian corporate sector, as well as the most definitive ranking of large Indian corporates. This publication has rightly served as a tribute to the Indian corporate sector, highlighting the achievements of some of our nation’s most successful businesses. However, given the paradigm shift unfolding across the business world, where concepts such as innovation, sustainability, and resilience have taken center-stage, it is inevitable to shift course towards value-creation. The Covid19 pandemic, the Russia-Ukraine conflict, and the global inflation have been three significant events of the past five years which have brought in the VUCA world – volatility, uncertainty, complexity and ambiguity. These events pushed companies into rethinking and reimagining business models. Gone are the days when bottom-lines were the only yardstick to measure business success and performance. Today, businesses need to transcend beyond numbers and become more resilient, sustainable and avoid value destruction. The focus has shifted from value extraction to value creation. The need to build sustainable businesses has intensified, with a higher stress on optimizing efficiency, accelerating green transition, and delivering greater value to all stakeholders. Therefore, Dun & Bradstreet this year has further enriched the legacy of its annual listing of Top 500 companies by shifting focus to India’s Top 500 Value Creators. INDIA’S TOP 500 VALUE CREATORS 2023 Dun & Bradstreet