BW Businessworld Magazine - June 1, 2024

In this issue

THIS SPECIAL issue contains our annual feature on India’s Most Respected
Companies. We track strong and resilient India Inc.’s narrative as it
bounced back from the challenges posed by a pandemic and the slowdown
that followed. The 2024 list of India’s Most Respected Companies has been
prepared in collaboration with TechSci Research, at the end of a perception
survey of leading listed companies, based on their overall performance in
the 2022-23 financial year. We don’t just assess the financial performance
of the companies, but also delve into their ethos.

Do read our in-depth report on the splendid growth of India’s
construction equipment industry, thanks to the strong government-led
investment in infrastructure projects. This trend is expected to continue
through the second-half of the current fiscal. We also bring to you a
special package on India’s Direct-to-Consumer (D2C) market which
hurtles towards three-fold growth and a cumulative turnover of $100
billion by 2025. This landscape is being fired by disruptive innovation.
Powerhouses like Nykaa, SUGAR, Lenskart, boAt and many others, aren’t
just challenging traditional industries, they are redefining them.
Challenges lurk around this glorious path too. Fast moving consumer
goods (FMCG) giants for instance, are now acquiring D2C startups in a
bid to stay relevant. Even amidst this consolidation, D2C brands continue
to attract both funding and celebrity engagement. As pioneers like
Mamaearth and Nykaa lead the way in raising equity through initial public
offerings (IPOs), the D2C sector is poised to reshape and redefine India’s
retail landscape. Of course, we also bring to you all our regular columns
and features. Happy reading!