Global management consultancy, Hay Group, in association with Fortune India, has released the findings of the second edition of India’s Most Admired Companies (IMAC) research. Business solutions major Tata Consultancy Services (TCS) has topped the ranking for 2013, followed by Hindustan Unilever (HUL), ITC, and Infosys rounding up the top three. For more details on the top 50 companies ranked, or to know the winners of each sector, visit: http://bit.ly/13ougm7

1. News release
Hay Group-Fortune release annual study of India’s Most
Admired Companies, TCS tops the charts
Peer admiration involves more than just profits and performance for India Inc.
 TCS ranked first, followed by Hindustan Unilever, ITC, and Infosys
 Findings represent a report card on corporate reputations
 Sector-based rankings featured for 16 key industries
 For the first time, list includes an overall ranking based on peer endorsements
New Delhi / Mumbai, July 15, 2013: Global management consultancy, Hay Group, in
association with Fortune India, has released the findings of the second edition of India’s Most
Admired Companies (IMAC) research. Business solutions major Tata Consultancy Services
(TCS) has topped the ranking for 2013, followed by Hindustan Unilever (HUL), ITC, and
Infosys rounding up the top three.
The study is based on a unique peer ranking methodology, which covered 493 companies
across the economy’s 16 key sectors. A total of 552 respondents participated to rank their
peers across a scale of ten parameters - corporate governance, endurance, performance,
quality, financial soundness, innovativeness, leadership, talent management, social
responsibility, and global business. Hay Group partners with Fortune globally, using a similar
methodology, to develop the World’s Most Admired Companies.
TCS tops the list this year, replacing last year’s winner, group company Tata Steel, by scoring
highest on parameters such as corporate governance, financial soundness, and talent
management. Second-ranked FMCG HUL has been rated highest on its endurance and
product quality, while ITC and Infosys share the joint third spot. SBI, L&T, Tata Steel,
ONGC, Maruti Suzuki, and ICICI Bank also feature in the top ten (table 1).
Gaurav Lahiri, Managing Director, Hay Group India, comments, “Hay Group India is
excited to roll out the second edition of India’s Most Admired Companies in partnership with
Fortune India. This year, two criteria in particular, Leadership, and Creating Shareholder
Value, separated the Top 10 from the rest of the winners, with Talent Management coming in
a close third.”
Table 1: Top ten India’s Most
Admired Companies
1. TCS
2. Hindustan Unilever
3. ITC
3. Infosys
5. SBI
6. L&T
7. Tata Steel
8. ONGC
9. Maruti Suzuki
10. ICICI Bank

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Interestingly, last year’s top ten did not include any PSEs - accounted for by SBI and ONGC
this year. ICICI makes its debut in the top ten this year, while Colgate Palmolive, Tata
Motors, and Dell India all have slipped down the order compared to their ranking last year.
The study has also compiled sectoral rankings for 16 key industries – based on their
performance on the ten evaluation criteria for the study. The sector toppers are listed in table
2.
Table 2: Industry rankings – 16 sectors
Industry Winner
Auto components MRF
Automotive Mercedes-Benz India
Banking State Bank of India
Capital goods Siemens
Cement ACC
Consumer durables Nokia India
Drugs, pharma and, healthcare Cipla
Engineering and construction L&T
FMCG ITC
Iron and steel, metals, and mining Tata Steel
IT, ITeS, and BPO Microsoft India
NBFC IDFC
Oil and gas Indian Oil
Power NTPC
Telecommunications Bharti Airtel
Textiles and garments Raymond
A new addition to the 2013 study is the Endorsement list – where companies were ranked
based on unprompted endorsements by peers. This ranking threw up some surprises and, in
many cases, differed from the overall rankings – for instance, HUL tops this list, followed by
TCS and Infosys. Bharti Airtel, ranked 19th
in the overall rankings, featured at 11th
place in
the Endorsements section, while Cisco Systems India appeared at 26, a big leap from its
overall ranking of 40.
Adds Gaurav Lahiri, “As demonstrated by the IMACs, in today’s uncertain business
environment, it is more important than ever for organizations to create shareholder value
through good leadership and talent management practices.”
Ends
For further information
Nidhi Mehra Kapoor
Email: nidhi.mehra@haygroup.com
Phone: +91 (124) 417 7400
Notes to Editors
Please note: this research should be credited to ‘global management consultancy, Hay Group’, and not ‘Hay’
or ‘Hays’, which are separate and unrelated organizations.
About the study
The study for India’s Most Admired Companies was conducted in two phases. In Phase I, 493 companies
were shortlisted from 16 industries based on multiple factors such as revenue, market share, etc. Each

3. News release
company was then ranked within its industry by a peer group comprising of executives from that industry. A
total of 552 respondents participated in Phase I.
A shortlist of 75 companies, that is, industry leaders derived in Phase I, was then created based on the
industry rankings. In Phase II, the 75 companies shortlisted were ranked, across industries, by each other,
overall as well as across the selection criteria. A total of 108 respondents participated in Phase II. The overall
ranking of India’s Most Admired Companies was thus obtained.
About Hay Group
Hay Group is a global consulting firm that works with leaders to turn strategies into reality. We develop
talent, organize people to be more effective, and motivate them to perform at their best. With 85 offices in 49
countries, we work with over 7,000 clients across the world. Our clients are from the public and private
sector, across every major industry, and represent diverse business challenges. Our focus is on making
change happen and helping organizations realize their potential. For more information, please visit:
www.haygroup.com/in