In the Businessworld (BW) Survey conducted to find out 3 Most Respected Companies in India, Infosys has made it to No. 1 position once again. In fact, Infosys’s overall score is almost 50 per cent more than the second company in the ranking, L&T. TCS secured thrid position in the rankings.
Infosys Technologies:
CEO and MD: S. Gopalakrishnan
Ever since Infosys Technologies under N.R. Narayana Murthy first became India’s most respected company in 2001 a time that coincided with the emergence of the country’s IT services warriors it has made the position its own. This is commendable given that while revenues and profits can be measured, respect is an intangible, abstract commodity that is earned through both performance and behaviour. And to maintain that for more than a decade is even tougher.
Now helmed by S. Gopalakrishnan, the Bangalore-based IT giant has also retained top billing in the unprompted rankings, and peers voted for it as the company that handled the economic downturn the best. Year 2009-10 saw Infosys’s revenues and profits record marginal growth, but the company lost none of its sheen. For the future, says Gopalakrishnan, the model is to move towards IP (intellectual property) creation in terms of products or productised services, which he expects will comprise a third of the company’s revenues in five years.
Larsen & Toubro
L&T CEO-A.M. Naik
Chairman and MD: A.M. Naik
Mumbai-based infrastructure giant Larsen & Toubro (L&T) has jumped eight places to second position, from No. 10 in 2007, when the previous edition of the survey was held. The leap did not happen by chance. Its revenues grew at a CAGR of 28.2 per cent between 2006-07 and 2009-10, from Rs 17,578.84 crore to Rs 37,034.80 crore. Net profits grew at a CAGR of 46 per cent, from Rs 1,403.02 crore to Rs 4,375.52 crore.
L&T is unique it belongs neither to a promoter group nor the government. It is a widely held, professionally run company (where employees have more than 12 per cent stake). A major restructuring initiative designed by management consultants McKinsey and Bain & Co. has been undertaken to help it reach revenues of about Rs 2 lakh crore in a decade. L&T is now divided into nine verticals heavy engineering, hydrocarbon, machinery and industrial products, water, power equipment, infrastructure, metals and minerals, electrical and automation, and mechanical and industrial products each with its own CEO and board of directors. Then there are two large subsidiaries, L&T Finance and L&T Infotech. Whether L&T will reach its stated goal depends on its order book, which now stands at Rs 1.14 lakh crore.
Tata Consultancy Services
N. Chandrasekaran, CEO and MD of TCS
In October 2009, when former CEO S. Ramadorai formally stepped down, IT services outsourcing was reeling under the impact of the global financial crisis. However, despite significantly depressed spends by customers of IT services, TCS closed FY2009-10 with a 33.2 per cent growth in net profits at Rs 7,001 crore. Revenues grew 8 per cent to Rs 30,029 crore.
While nearly 50 per cent of the Mumbai-based company’s revenues still come from traditional ADM (application development and maintenance) services, it is gaining ground in new areas. Engineering and industrial solutions, a strategic business unit set up a few years ago, accounted for 5 per cent of revenues in 2009-10. But consulting services still remain small at less than 2 per cent of overall revenues. However, the push into new areas such as cloud-based (on-demand software) solutions for small and medium enterprises is clearly going to be a priority for the company. Mobile computing is also another big focus area.
Source
The Businessworld
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