With an extremely intriguing cover story on cybercrime, Fortune India brings to you the annual ‘Green Issue’, with the following highlights:

Like most crimes, cybercrime is largely about ways to get other people’s money. Assistant editor Nirmal John spent months tracking down hackers, the ethical kinds who use their skills to nab their malicious peers. He also met cops, companies, and a whole lot of people involved in the business of nabbing cybercriminals. This, he says on page 62, is the future of crime-fighting.

Elsewhere in the issue (page 86), we look at the amount of e-waste produced (and dumped) in India. Senior online producer Arnika Thakur braved the bylanes of Delhi’s unorganised e-waste market to unearth a fascinating story of how urban mining has the potential to plug the world’s rare metals shortage. 

That’s part of a green package, which includes stories on funding green projects, detoxing fuels, and recycling PET bottles.

There’s also the detailed account of how an American company is making
rapid strides in research on Alzheimer’s disease. Perhaps the day is not too far off when this hitherto incurable disease can be cured, or at least slowed.


FORTUNE India Most Powerful Women:
From Nirmala Sitharaman’s record 8th Budget to Isha Ambani’s work in reshaping India’s retail game, the 100 trailblazers on Fortune India's Most Powerful Women in Business list 2025 are rewriting the rules. This year, we spotlight twice as many leaders—because a country as diverse and vast as India should celebrate more women doing ground breaking work in their respective fields, and hence having an expanded list enables us to bring in more people whose work deserves to be celebrated.  
These women are smashing barriers, inspiring millions to take the road less travelled.
April 2025 issue is live now. Happy reading!


Fortune India's Most Promising Startups:
Fortune India's Most Promising Startups issue delves into the dynamic world of Indian startups and their strategies. This curated edition offers readers an up, close and personal view of how new-age founders and investors are driving a mini-renaissance in India’s startup ecosystem.

Plus Future Ready Employers; A spotlight on organisations that are at the forefront of HR excellence and are setting new standards for a future-ready workplace and business.

As India progresses towards its Viksit Bharat goal, multinationals doing business in India have emerged as key players in this journey. Fortune India’s maiden list of the top 500 multinationals in India - the Fortune India MNC 500 - provides a detailed and first ever perspective on how these organisations are performing and contributing to the economy and India's vision for 2047.
Meanwhile, the Union Budget of 2025 came up with a bonanza for the middle class, long battling inflation and shrinking purchasing power. Read on as Fortune India decodes the Budget which not only has given a fillip to consumption, but has also kept the focus on continuing fiscal consolidation.

One of the most signiἀcant developments of 2024 would have to be the passing of the baton of Tata Trusts to Noel N. Tata, half-brother of the iconic Ratan Tata. This change of guard after Ratan Tata’s demise is signiἀcant for a number of reasons. How will the Noel Tata approach play out? In our cover story, Nevin John pieces together what the new Tata Trusts chair-man’s vision would be, and how he could balance his dual roles.
The cover story apart, there’s lots more to read in this issue. Ajita Shashidhar and Nevin John get you the implications of the new brand identity of the Jamshyd Godrej-led Godrej Enterprises Group, and how it is different from cousin Adi’s Godrej. And as the countdown to Budget 2025 begins, a stellar panel discusses the imperatives before finance minister Nirmala Sitharaman who will need to push growth while keeping fiscal prudence in mind. 
Also, as we enter the new year, our Best Investments package tells you the most productive avenues to put your money in. Here’s wishing you a happy and prosperous 2025!


Fortune 500 India: The iconic Fortune 500 India listing of the country’s biggest companies — now in its 15thedition — is always a barometer of scale. Of size that never fails to amaze.. Over the years, this list has demonstrated the ups and downs of India Inc, the challenges faced by companies in the wake of policy changes, and the way forward for the economy. The FI500 has always been a mix of stories of success and failure, challenges and opportunities, and it’s no different this time. Amid a challenging macro, Fortune 500 India companies have created a record of sorts both in terms of total income and profits. The figures tell the story, and many records have been broken this year. The cumulative profit pool grew by a smart 27.5% year-on-year to touch an all-time high of nearly `14 lakh crore, even as cumulative revenue of the Fortune500 India this year rose toa record `157 lakh crore. That’s some showing in a VUCA—volatility, uncertainty, complexity and ambiguity—world.

This year’s list once again has Reliance Industries at No.1, but there’s a change at the second spot, with Life Insurance Corp. toppling Indian Oil Corp. to bag the No.2 slot. Indian Oil and ONGC take the No.3 and No.4 positions, while State Bank of India enters the Top 5 this year, displacing Bharat Petroleum, which drops to No.6. Given the global headwinds, the current fiscal promises to be an equally eventful one for India Inc. and will test its resilience to the hilt.

This month’s special issue is Fortune India’s annual Best B-Schools study — the most authentic ranking of the country’s business schools, including the most unique ‘Distance To Frontier’ rating that captures how far any BSchool is from the leader. Built from scratch with the most modern methodology, the ranking rates every B-School on five parameters.

Fortune India’s special package this issue is our annual offering — India’s Best CEOs. Fortune India’s class of Best CEOs 2024 across 26 sectors reflects all of that and more as some of India’s most successful corporate titans left an indelible impression on their companies and the industries they lead. Among those are: Best of the Best Sajjan Jindal
who started from scratch to create India’s biggest steel company with 28.2 million tonne capacity; S.N.Subrahmanyan of Larsen & Toubro who is transforming the construction giant into a technology-led, futureready conglomerate; Vivek
Chaand Sehgal of Samvardhana Motherson who has created a $12 billion auto components empireacross 44 countries; and Sanjiv Puri of ITC who led the metamorphosis of what was primarily a cigarette maker (which accounted for 90% of its revenue) into an FMCG, hotels, agri and paper giant like no other in India Inc. Read about the heroics of India’s Best CEOs2024 starting page 76.

India’s Richest 2024: -  Wealth creation is so integral to growth and capitalism that it is often one of the truest indicators of a nation’s economic glide path. Fortune India’s much anticipated annual rich list provides the most accurate and authentic insight into the changing fortunes of the country’s richest individuals. In this 2024 edition, India now has a record 185 dollar billionaires. Together, they are worth an astounding $1.2 trillion, roughly equivalent of one-third of India’s GDP.

The special package this issue is the India list of Fortune’s iconic global ranking of ‘Most Powerful Women’. Read those stories of grit, gumption and outstanding achievements of women leaders who made the biggest impact on business and economy in 2023-24.

• India’s Most Powerful Women In Business 2024 • Budget Boost To Consumption • Ontario Counts On Its Pension From India • Start-ups Embrace Ayurveda  Boom

• India’s Best Financiers • Corporate Sustainability Record • PE’s Healthcare Takeover • Bajaj After Rahul • What to expect in budget 2024
The Special Package this issue is our annual study of India’s Best Financiers. It is bigger and better than be-fore. For the first time, this year’s study also incorporates India’s Best NBFCs, besides the best banks, large, medium and emerging banks, best PSU banks, best MNC banks, best in corporate governance, and the best in technology, not to forget the Banker Of The Year — all of that starting on page 63.
The cover story this issue is on one of India’s oldest business families — Bajaj Group — now in its fifth generation. It has dominated India’s financial services and the two-wheeler industry for decades. But things are changing. Faced with renewed competition and onslaught of technology, can the Bajaj Group retain its mojo despite losing its towering chairman Rahul Bajaj two years ago.

Fortune India’s special package this month is the annual Luxury Special that captures the business of luxury and experiential luxury in equal measure. This year’s package has been carefully crafted with a range of exciting stories: Evolution of luxury; new trends of pre-loved luxury and quiet luxury; sleek cars, luxury cruises; gourmet food; best-in class spirits and craft chocolates; how perfumers of Kannauj are re-inventing; dressing in Italian suits; not to mention the royalty, luxury designers as well as the delightful spread of the Objects Of Desire.


Our special package this month is Fortune India’s iconic annual listing ‘40 under 40’—India Inc.’s young business leaders who made a mark on the economic landscape with their conviction to pursue their vision, fearless risk-taking capacity and the ability to make a difference in their industries. 



The special issue in this edition is India’s Future-ready Workplaces, an annual study by Fortune India and CIEL HR of organizations that are deploying innovative employee-engagement initiatives at the intersection of HR and strategy that are designed to keep their firms ready for the future. The package also captures how firms are dealing with the challenges of working with multi-generational workforce; ESG & sustainability at workplace.

Our cover story this issue is on L&T’s tech avatar— How India’s largest engineering company is shedding the baggage of construction to reinvent as a tech-enabled firm.

THE NEXT 500: INDIA'S LARGEST EMERGING COMPANIES
Our special package this month is the coveted ‘The Next 500’ list, which ranks India’s largest emerging companies. Those who are not yet large enough to be in the Fortune 500 India list but are neither short on ambition, nor growth trajectory.

This Budget Special issue carries a special package on India’s ongoing infrastructure makeover with 10 of the most critical projects in the works and a tale of two airports in Navi Mumbai and Noida, which have been promised for two decades each but are only being delivered now. This Fortune India special issue takes you on a journey that will culminate with the sequelof the full Budget in July once the new government is sworn-in.

BEST INVESTEMENTS 2024: It’s that time of the year when everyone — from the middle class to the well-to-do and from ultra-rich to the poorest — plans how to handle their money in the New Year. Fortune India’s annual special issue on ‘Best Investments’ is our contribution to help in those vital decisions regarding your financials. Led by Fortune India-Morningstar’s annual Best Mutual Funds study and Fortune India-SecureNow’s annual Best Insurers study, it also includes the customary private wealth roundtable where India’s leading money managers provide their recommendations for the year, outlook on digital assets such as cryptos, gold or real estate. 
In this year’s overview, V. Keshavdev explains why volatility will rule all investment decisions in 2024. We do hope our ‘Best Investments’ special issue and the accompanying pre-Budget package provide you with valuable insights to plan your investments in the New Year.

Happy investing! Fortune India wishes you, dear readers, a very Happy, Peaceful and Prosperous Year 2024!

Our Special Issue this month is Fortune’s flagship offering globally — the 500 largest companies. This year’s Fortune 500 India list provides evidence that Covid is well and truly behind us and India Inc.’s belt tight-ening during the preceding slowdown has now set it up for a new phase of growth and expansion. V. Keshavdev’s lead story unravels an unprecedented revenue growth in the ‘`1 lakh crore club’.A record nine companies (three PSUs and six private companies) entered the ‘`1 lakh crore club’, taking the total count to 30 — a 4x growth since 2010. The good news is that records are not just tumbling in topline, but bottomline as well. The `10.93 lakh crore net proἀt of Fortune 500 India companies is not just the highest ever, it has also grown 3x since 2010. All this bodes well for the future of corporate India as it gives companies the foundation to grow exponentially from here on.
In other stories in the issue read how the big are getting bigger as the largest companies unleash a wave of organic and inorganic growth; how ἀve new-age ἀrms have made a place for themselves in the league of India’s 500 largest companies; and who’s rocking in ESG & CSR mandates, who’s struggling. Happy reading!


The Special Issue this month is our annual feature on India’s Best B-schools. Built from scratch as a modern ranking, the Fortune
India Best B-schools methodology incorporates the most unique ‘Distance-To-Frontier’ benchmark which points to how far any school is from the leading business school. It also incorporates six key parameters — Admission Attractiveness, Age & Accreditation, Placement & ROI, Pedagogy & Infrastructure, Brand Appeal and Industry Connect — in identifying the best. Building this modern methodology involved expert consultations, incorporation of global perspective and elements of evaluation while academic leaders, directors and heads of renowned business schools and senior industry leaders were consulted to re-emphasise the evaluation criteria. Find the winners on page 92. The package starting on page 63 also features: The importance of ‘triple-crown’, the global accreditation that only 1% of B-schools have so far worldwide, while India has three of them; the charm of online MBA; the coming rush of foreign campuses and impact of the National Education Policy on management education. Hope you make the most of it.
Wish you all a Happy Deepawali!

Fortune India’s special package this issue is our annual offering — India’s Best CEOs. There are 24 of them in this edition. HUL’s Sanjiv Mehta’s focus on innovative and targeted products for the many Indias within India made him the Jury’s choice for ‘Best Of The Best’ CEO. At Larsen & Toubro,S.N. Subrahmanyan’s laser-sharp focus on growth, efficiency and digitisation makes him the Best CEO among super-large companies. Our special gratitude to the powerpacked jury that deliberated extensively for over two hours to select the top CEOs who made the greatest impact with their actions on their companies and industries in FY23.

The special package this issue is the 2023 edition of Fortune India’s much awaited annual offering — India’s Richest. The most definitive listing of India’s growing breed of dollar billionaires (with wealth of `8,217crore).

The special package this issue is Fortune India’s iconic ‘Most Powerful Women, 2023’. The project initiated by Fortune Inc. in the U.S. in 1998 has had a historic run for a quarter of a century now. The Fortune MPW remains the most authentic ‘ranking’ of the women who made their mark in business and economy.

The Special Issue this month is Fortune India’s annual package on India’s Best Financiers — a deep, detailed study of the banking sector with our partners Grant Thornton Bharat. It captures a period of cracking growth in the midst of gloom in global banking; the welcome fall in non-performing assets; the revival of growth among small finance banks; the winners across seven categories and, of course, the understated brilliance of Kotak Mahindra Bank founder and
MD & CEO Uday Kotak — the jury’s choice for Financier Of The Year.


Our Special Issue this month examines India’s flourishing luxury market through two lenses — the business of luxury and the experience of luxury. In the midst of global slowdown and looming recession, India remains a ray of hope for the world economy. This 2023 edition of Fortune India luxury special package includes one-on-ones with celebrated designers     Sabyasachi Mukherjee, Gaurav Gupta and Rahul Mishra; life and times of the royalty, including a coronation at one of the world’s oldest dynasties; the spring in the business of luxury hospitality; corporate India’s new moves in the luxury market; auto and realty launches and last but not the least— the Objects Of Desire, among others.

Other than luxury package there are other interesting reads too. This generation of humans has a great responsibility to save Earth for the future with a fuel that halts global warming by replacing carbon emitting coal and oil. The answer has been identified as ‘hydrogen’ that is available aplenty in the atmosphere. And unlike coal and oil that emit carbon dioxide. Our cover story this issue, ‘ MISSION GREEN HYDROGEN’, captures how large Indian private sector companies, public sector firms and next-generation companies are creating an ecosystem to produce green hydrogen within the country — economically.

Our special package this month is Fortune India’s iconic annual listing ‘40 under 40’—India Inc.’s young business leaders who made a mark on the economic landscape with their conviction to pursue their vision, fearless risk-taking capacity and the ability to make a difference in their industries.

The Special Issue this month is Fortune India’s unique and exclusive annual HR package on Employers Of The Future. Curated with our partners Work Universe, the package carefully crafts the cutting edge human resources practices at some of India’s most future-oriented organisations.

Our Special Package this issue is the ninth edition of The Next 500: India’s Largest Emerging Companies. These are companies smaller than those that figure in the Fortune 500 India list but are by no means short on grit, determination and ambition. Ever since the list began in 2015, a record 120 companies have scaled the `2,000 crore summit on total income. Of these, 31 have, for the first-time ever, surged past the `2,500 crore threshold. Read the Next 500 success stories in the package.

Budget Special:

Meanwhile in finance minister Nirmala Sitharaman’s fifth Budget, India’s vastly successful formula since the Covid-hit year 2020 to keep the nation’s economic engine firing through loads of capital expenditure on infrastructure remains at the heart of Union Budget 2023 as well. This time Centre’s capital expenditure sees an astounding 33% hike to `10 lakh crore This Budget will be remembered for its ‘Long Vision’, for the tenacity to resist the temptation to be populist in the last full Budget before General Elections in April next year. It will be remembered for responsible fiscal management and for sticking to what will work to India’s advantage in the long run rather than myopic, bank-busting moves that had become the norm for governments serving the last year of their term. Fortune India explain why the big moves in the Budget prove that long-term vision outwitted short-term populism to put India on a path of growth and prosperity in a sea of global economic slowdown.

            Other than Budget, there are other interesting reads too. One such is, the first inside account of the remarkable changes that are transforming the Tata Group to be future-ready. N. Chandrasekaran, chairman of group holding company Tata Sons, sat down with Fortune India at group headquarters Bombay House over cups of Starbucks coffee to explain how he is pivoting the 154 year old group. Such, that it will sport a renewed look a few years hence.

Cover package of this issue is on where to invest in the New Year. Investments that will deliver in 2023. Seen through the eyes of the Best Equity Fund Managers; Best Debt Fund Managers, Best Insurers and the Best NPS Funds. A special piece even brings you where leading fund managers invest their own money. Answers to the evergreen question: Should you invest in property in 2023? Are gold and crypto good investments? And when buying luxury, what may be the better investment avenues. Not to miss the power-packed Private Wealth Roundtable,
where the country’s top fund managers debate on managing wealth
Team Fortune India wishes you, dear readers, a Happy, Prosperous and Peaceful New Year with the promise that our insightful coverage of economy and business will continue unabated in 2023.

Fortune 500 India: The iconic Fortune 500 India listing of the country’s biggest companies — now in its 13th edition — is always a barometer of scale. Of size that never fails to amaze. The top 500 club in 2022 is now worth $1.57 trillion in annual revenue, almost as big as the economies of Canada, Mexico and Spain. 
Despite the Sensex rollercoaster in the fiscal, the combined market cap of 449 listed companies in 2022 stood at a record `239 lakh crore as of November 11. That’s a healthy valuation of 101% of India’s nominal GDP, indicating the stock market performance is not out of place despite a healthy run. Another milestone of scale is the number of billion dollar companies —233 this year comprising almost half of the cohort — at a time when rupee-dollar was nearly 76 in March. That’s a jump from a decade ago, despite gradual rupee depreciation.
The special Fortune 500 India package in the pages to follow also features standout performers of the fiscal: How constant evolution at Reliance Industries has kept it at the top of this year’s listing as well, despite all-round challenges; Adani Wilmar’s businesses of scale; LIC’s stunning debut at No.2; and among others, how the all-digital play at Info Edge paid off.

The Special Package this issue is Fortune India’s newest addition — ‘India’s Best B-Schools’ with the most modern survey of the country’s business schools and a unique methodology introducing the concept of ‘Distance To Frontier’ for the first time in the country. Among other stories in the package read:
How consultancy is emerging as a significant revenue stream for top B-Schools as both public and private sector as well as the government rely on their unique capability of ear-to-the-ground research; how prominent B-Schools are spreading their wings to cater to rising demand with new campuses and new courses; what does global accreditation mean for domestic schools; and why entrepreneurship has taken a backseat among B-School grads, at least in 2022.



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Fortune India, is your ultimate guide to business, economy, and leadership. From corporate power moves to disruptive startups, Fortune India bring you deep insights, expert analysis, and inspiring success stories that shape India’s financial and entrepreneurial landscape.

1. Business & Economy – Exclusive reports on market trends, policy shifts, and economic developments. 
2. Leadership & Strategy – Meet the CEOs, founders, and visionaries redefining industries. 3. Wealth & Investment – Smart strategies for investors, market insights, and expert financial advice.
4.  Tech & Startups – The latest in AI, fintech, and innovations driving India’s growth story.

Subscribe Fortune India today to think big, invest smart, and lead with vision.

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Prior to Magzter, he was the President of Dot Com Infoway (DCI) and Galatta Media. His duties included strategic marketing, partnership development, and monetizing content globally. DCI grew from a small team of 3 in 2000 to 300 by 2011 and was dealing with web, software and app development for clients globally.

Since we launched, Magzter has been committed to partnering with global organizations to provide the greatest possible newsstand technology & service to our customers. Whether you are looking to offer magazine subscriptions to your customer database or just want to learn more, Magzter is committed to helping your business grow. To find out more, please fill out the questionnaire below:

The DMCA allows us to restore the removed content if the party filing the original DMCA Notice does not file a court action against you within ten business days of receiving the copy of your Counter Notice.

This Policy covers Company’s treatment of personally identifiable information (“Personal Information”) and other information about you and your computer or device that Company gathers when you are accessing the Service. We may collect Personal Information from you, as explained in more detail below, and we use this Personal Information internally in connection with our Services, including to personalize, provide, and improve our products, services, content, and advertising, and to allow you to set up a user account and profile, to contact you, to fulfill your requests for certain products and services, and to analyze how you use the Services. In certain cases, we may also share some Personal Information with third parties, but only as described in point 4.

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To analyze the quality of content and provide appropriate feedback to publishers

We have designated a Grievance Officer to address any complaints related to objectionable content.

We request that any complaint related to objectionable content be sent to the Grievance Officer through email to the above-mentioned email address. We also request that you provide the following details when making a complaint:

and the App that provides you the capability to order, subscribe to and receive the delivery of various magazines, books, news and magazine and publication related content (collectively known as 'Publications') and to have these digital versions of the Publications delivered to you

c. We also collect information associated with your use of the application in order to make personalized recommendations. If you provide your third-party account credentials to us, you understand some content and/or information in those accounts (“Third Party Account Information”) may be transmitted into your account with us if you authorize such transmissions, and that Third Party Account Information transmitted to the Service is covered by this Policy.

f. The Personal Information we collect allows us to respond to your requests, improve our products and services, customize the advertising and content you see, and communicate with you about new products.

is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

n. We will also use usage information in order to ensure users adhere to our Terms of Use. For example, a user’s usage information will help us confirm that a user only downloads a magazine or other content a permitted number of times or to a permitted number of devices.

which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

Fortune India Magazine - June 2015

Fortune India Magazine - June 2015

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Fortune India Magazine Description: