SHINING BRIGHT AMID CHALLENGES

In addition to helping fellow citizens in the year of pandemic, leading listed companies also managed to generate revenue, growth and offered greater returns to their shareholders

- Ashish Sinha

THE BW ‘REAL’ 500 list is one of India’s most comprehensive rankings of successful businesses. It takes into account the income generated on the assets that are created by these companies. The fiscal year 2020-21, which is the period of study under consideration, saw the Indian economy and businesses struggling due to the Covid-19 pandemic.

Like last year, we partnered with TechSci Research that selected only listed organisations based on their turnover for the financial year 2020-2021 and ranked the companies based on ‘Total Income’. Once the list of listed companies in each category — Top-500 Non-Financial Institutions; Top-10 Banking institutions; Top-20 Non-Banking Financial Companies — were prepared basis revenues, TechSci explored remaining indicators for each company. The definition of some of these indicators included, for example, Total Asset. It is the total amount of assets owned by a company.

TechSci has defined Total Income as the total amount of money that a company earns by selling its goods and/ or services in the financial year under consideration. While terms like Profit Before Tax or Profit After Tax are selfexplanatory, the term Reserves and Surplus included Capital Reserves plus Retained Earnings plus Fair Value Reserves plus Hedging Reserves plus Asset Revaluation Reserves plus Foreign Currency Translation Reserves plus the Statutory Reserves.