Reliance Industries Ltd, an Indian conglomerate holding company has topped the list, leaving all the PSUs behind.
The company has accomplished this by posting a revenue of INR 296091 crore in the Financial Year 2015-16, which is second only to Indian Oil Corporation Limited and has been able to beat the same in terms of PAT and became the highest earning company of 2015-16 with a Pat of INR 27630 crore. Reliance Industries Ltd was founded by Mr Dhirubhai Ambani in the year 1966 and is presently led by his son Mr Mukesh Ambani who is the current Chairman and Managing Director.
The company has an employee strength of around 25000. Reliance Industries Ltd deals with several products like Petroleum, Natural Gas, Petrochemicals, Textiles, Retail, Telecommunication and Media. Along with these products, it also provides Security Services.
The company with its motto of “Growth is Life” has evolved several folds since its inception when it was incorporated as Reliance Textiles Industries Pvt. Ltd in Maharashtra. Now the company has several subsidiaries excelling in various sectors. Some of these subsidiaries are: Reliance Retail, Reliance Life Sciences, Reliance Institute of Life Sciences, Reliance Logistics, Reliance Clinical Research Services, Reliance Solar, Relicord, Reliance Jio Infocomm Limited and Reliance Industrial Infrastructure Limited.
Various awards have been bestowed upon the company throughout its journey like International Refiner of the Year, Most Valuable Brand by Brand Finance, National Golden Peacock Award for Corporate Sustainability and the National Energy Conservation Award. Not only this, Reliance Industries is ranked 121 in Forbes Global 2000 List and 158 in Fortune Global 500 List. The pace at which this company has grown truly justifies it being at the top of Top 10 Indian Companies 2016.
Revenue: INR 296091 crore
PAT: INR 27630 crore
Step 1: Top 20 companies were picked from Economic Times List of Top Indian Companies of 2015
Step 2: Two parameters, namely, Revenue and Profit after Tax (PAT) were picked from the companies’ Annual Reports/Presentations for the FY 2015-16.
Step 3: The parameters were used to calculate Revenue and PAT Scores by normalizing them and bringing them to [0, 1] range.
Step 4: Equal weightage was given to both Revenue and PAT scores to come to a weighted score which was used to decide the ranks.