Guess the most reputable company in India? It’s Microsoft!
(Rate this article)
Loading ...
Now this will leave all Microsoft bashers red faced [especially in India]. According to a survey by global market and insight group TNS, US software giant Microsoft has topped the list of most reputed companies in India! Although what’s surprising is that this comes on the back of repeated protests against both, Microsoft and Bill Gates for being socially irresponsible. Next in line are the home grown giants – IT bellwether Infosys at 2nd place and Banking behemoth State Bank of India [SBI] at 3rd place.
Intel, Maruti and TCS take the next three spots on the reputation front. In sector wise breakdown, Microsoft leads the Technology pack while SBI is at the forefront of the financial services sector. Maruti Suzuki Ltd tops the automobile sector. The other big surprise was in FMCG sector with Nestle being ranked ahead of market leader - Hindustan Unilever. Reliance Communications topped the telecom space while Public Sector biggie Hindustan Petroleum has leaded the Petroleum segment. Domestic pharma major Ranbaxy, which was recently acquired by Japanese drug firm Daiichi, has occupied the top slot amongst pharmaceutical companies in India. In the engineering and infrastructure, Reliance leads while LG Electronics leads the way among consumer durables.
SBI’s leap to the top has positively surprised many of the industry analysts. It’s extra-ordinary jump has been attributed to strong reputation amongst the financial community and prospective employees which was made possible due to the stability it represented in the face of the several crises that had hit the financial services industry in the last year.
The report chips in by saying,” While market leadership, performance and quality still drive reputation, softer aspects like corporate governance and social responsibility are beginning to emerge as the hidden opportunities for companies to leverage.”
Muder Chiba, ED, TNS India says,
” As companies become valued beyond last quarter’s financial results, and as corporate valuation shifts from a focus on physical assets alone, building and retaining corporate confidence becomes key.”
Well looks like just earning big profits won’t be enough for India Inc. It will now have to supplement it with a good and responsible corporate governance and social responsibility initiatives. Hmm.. Watch out India Inc.! Big Daddy’s watching you..
Loading ...
Leave a Reply