Fortune India TheNext500 awards: Find out this year’s leading stars, rising stars, sectoral stars
Fortune 500 companies account for chunk of profits; six companies net ₹1 lakh crore.
The disconnect is stark because industrial production and capacity utilisation continue to be low for several years, indicating a structural economic slowdown.
Cash and cash equivalents of listed companies rose 13% in FY21. Tata Motors topped the list of cash-rich companies with Rs 46,972 crore, followed by Infosys and RIL in the Fortune 500 rankings.
Reliance Industries was the most profitable Indian company in FY21. The pandemic-driven digitisation spree helped IT, with TCS and Infosys in the Fortune 500 rankings. Banks were key beneficiaries.
Mukesh Ambani has expanded the Reliance empire by betting big on telecom and retail.
Fortune 500 companies deliver their highest-ever profit growth of 75%, while revenues fall year-on-year for the first time since the beginning of India listing in 2010.
The Fortune 500 companies reported their best ever net profit of ₹6.22 lakh crore in FY21, a remarkable 75% higher than FY20 when cumulative profit had fallen 22% to just ₹3.6 lakh crore.
In a country that feasts on poultry, Alluri Indra Kumar has focussed on shrimp farming. Now his firm Avanti Feeds is set to reap the benefits from the government’s focus on the seafood industry.
Only around 6% companies on the Fortune India 500 list are managed by women.