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DEAR READER,
Fiscal 2022-23 was a challenging year for the world and for India because
of uncertainties that arose from heightened geopolitical tensions and the
impact they had on trade relations and investment flows. Even so, India
Inc. powered through – showing great resilience. We map the India growth
story in our annual BW Real 500 rankings, in partnership with TechSci
Research, that has selected only listed organisations based on their total
income generated in the 2022-2023 fiscal.
Some findings of this study stand out. First, the top 15 companies account
for nearly 71 per cent of the cumulative income generated by the top 50
companies and almost 50 per cent of the total income generated by all
500 companies in the list. Secondly, the top 50 companies accounted for
over 70 per cent of the total income generated by all the 500 companies.
However, the top five companies in the BW Real 500 list could generate a
combined total income of Rs 38.7 lakh crore, a significant drop from the
FY2022 numbers of Rs 100.34 lakh crore, clearly reflecting the global
headwinds. Reliance Industries (RIL) continued its great run, emerging
as India’s largest and most profitable private sector company once more. Happy reading!

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