India's Top 500 Companies 2016   Preface | Foreword | Executive summary | Methodology | Definitions and Calculations |Economy Update| Insights |Corporate Awards 2016 | Expert's Views Company Listing | Launch Event| D&B Editorial Team | Sponsors Banks NBFCs & FIs Securities Market Mutual Funds Insurance Changing Face of Top 500 Companies Overview of Top 500 Companies Quarterly Updates Project-based Award Winners Company Performance Award Winners ABM Knowledgeware Limited Altran India Atria Convergence Technologies Pvt Ltd. Flexituff International Limited IBS Business School International Paper APPM Limited Karnataka Bank Pincon Spirit Limited Rimjhim Ispat Limited Schindler India Skipper Limited UPL Limited Alphabetical Listing Total Income Listing Net Profit Listing Net Worth Listing

‘India’s Top 500 Companies 2016’ includes private sector companies and public sector enterprises (PSEs) listed on the Bombay Stock Exchange (BSE) and/or the National Stock Exchange (NSE), India’s two major stock exchanges.

Standalone total income remains the primary criteria for the initial shortlisting of companies. However the editorial team continues to use a diverse set of parameters to refine and arrive at the list of Top 500 companies. Such criteria include market capitalization and financial health (*). The list was filtered by exclusion criteria such as three year losses, negative net worth, number of trading days, and corporate governance records to arrive at the final list of Top 500 companies. Total income, net profit, and net worth continue to be the criteria used for ranking of companies in ‘Dun & Bradstreet India’s Top 500 Companies 2016’.

Companies that were listed until March 31, 2015 were considered for inclusion. However, companies that were delisted after March 31, 2015 were not considered. Exceptions for delisted entities were made for those companies which were delisted due to amalgamation/merger and the resulting new entity was listed post March 31, 2015.

Entities that were classified as suit-filed accounts (willful defaulters) of ` 2.5 mn and above, by Credit Information Bureau (India) Ltd. (CIBIL) are excluded from the publication.

* Weak macroeconomic conditions in India in the past few years have impacted the financial health of many Indian companies. There have been instances wherein companies faced difficulties in servicing their debt and have adopted different debt restructuring mechanisms such as joint lenders forum (JLF), 5:25 scheme, corporate debt restructuring (CDR) and strategic debt restructuring (SDR). In such cases (where information is public), an additional criteria set has been applied to include and exclude companies from the Top 500 list. Such companies have been marked in the publication with the symbol ‘@’ in company listings, wherever applicable.

This edition also features financial comparison of the profiled companies classified under different sectors. We have identified 55 distinct sectors for classifying companies. We have classified companies into respective sectors based on the company’s line of business falling within the defined scope of the sector as mentioned in the ‘Sector Definition’. In the case of companies operating in more than one sector, we have classified these companies based on the major source of the respective company’s income. The main source of information includes FY15 segmental revenues and other related business information. The ‘Diversified’ category includes companies operating in more than one segment, whereby no segment contributes more than 35% of the overall revenue of the company. ‘Others’ category comprises of companies, where the given company is the only Top 500 Company in its sector. Within each sector, the companies are further ranked on their total income.

All the financial information in the publication is based on standalone financials sourced from annual reports or audited financial statements. Financial information for the period ending between October 31, 2014 and September 30, 2015 is considered for the purpose of the publication. In effect for the majority of Top 500 Companies, the audited financial statements for the period ended March 31, 2015 have been considered. For companies where the published financial statement is for a period other than 12 months, the financials are annualized for the purpose of shortlisting, ranking, and profiling. Dun & Bradstreet excluded companies in the absence of unavailability of the annual reports at the time of compiling this publication. In general, all information used in the publication is from publically available relevant sources. The various financial computations are based on Dun & Bradstreet’s methodology and have been explicitly explained in the ‘Definitions and Calculations’ section. Companies with financial statements which have been qualified by auditors are marked with an asterisk (*).

Dun & Bradstreet has developed an in-house model for selecting top performing companies for awards in respective sectors. The model took into consideration key financial indicators in areas of business size, growth, profitability, leverage and solvency among others.

Each company featuring in the publication has been allotted a unique identification number to (D-U-N-S® - Data Universal Numbering System), which will help readers locate and obtain full-fledged business information reports on these companies from the Dun & Bradstreet database.

Sector Definition