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Page 1: Top 50 Indian Companies
Page 2: Top 50 Indian Companies

Aditya Birla Group IndiaAditya Birla Group is India's first truly multinational corporation. The group has an annual turnover of US$ 24 billion, market capitalisation of US$ 23 billion, and has over 100,000 employees belonging to over 25 different nationalities on its rolls. Aditya Birla Group has presence in 20 countries - India, Thailand, Laos, Indonesia, Philippines, Egypt, Canada, Australia, China, USA, UK, Germany, Hungary, Brazil, Italy, France, Luxembourg, Switzerland, Malayasia and Korea. The group has diversified business interests and is dominant player in all the sectors in which it operates such as viscose staple fibre, metals, cement, viscose filament yarn, branded apparel, carbon black, chemicals, fertilisers, insulators, financial services, telecom, BPO and IT services.

The origins of Aditya Birla Group can be traced back to the 19th century when Seth Shiv Narayan Birla started trading in cotton in the town of Pilani, Rajasthan. In the early part of the 20th century, Group's founding father, Ghanshyamdas Birla, expanded the group and set up industries in critical sectors such as textiles and fibre, aluminium, cement and chemicals. In 1969, Aditya Birla, the then Chairman of the Group, put the group on the global map. He set up 19 companies outside India, in Thailand, Malaysia, Indonesia, the Philippines and Egypt. Under Aditya Birla's leadership, the group attained new heights and it became world's largest producer of viscose staple fibre, the largest refiner of palm oil, the third largest producer of insulators and the sixth largest producer of carbon black. After Aditya Birla's demise his son Kumar Mangalam Birla took over the charge of the group and under his leadership the group has sustained the numero uno position in the sectors in which it operates.

Group Companies of Aditya Birla Group

Grasim: Grasim Industries Limited was established as a textiles manufacturer in 1948. Today, Grasim deals in Viscose Staple Fibre (VSF), Cement, Sponge Iron, Chemicals and Textiles.

Hindalco: Established in 1958, Hindalco deals in Aluminium and Copper and is an industry leader in both. Hindalco is the world's largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia. Its copper smelter is today the world's largest custom smelter at a single location. In 2007, Hindalco acquired Novelis and in the process became the world's largest aluminium rolling company and one of the biggest producers of primary aluminium in Asia, as well as India's leading copper producer.

Aditya Birla Nuvo: Aditya Birla Nuvo is a diversified business conglomerate with interests in viscose filament yarn (VFY), carbon black, branded garments, fertilisers, textiles and insulators. Aditya Birla Nuvo, through its subsidiaries and joint ventures has made forays into life insurance, telecom, business process outsourcing (BPO), IT services, asset management and other financial services.

Ultra Tech Cement: Ultra Tech Cement manufactures and markets Ordinary Portland Cement, Portland Blast Furnace Slag Cement and Portland Pozzolana Cement. It is the country's largest exporter of cement clinker. Its export market include countries around the Indian Ocean, Africa, Europe and the Middle East.

Apart from the Group companies, other companies of the Aditya Birla Group are:

Page 3: Top 50 Indian Companies

Indian companiesInternational companies

Thailand Thai Rayon Indo Thai Synthetics Thai Acrylic Fibre Thai Carbon Black Aditya Birla Chemicals (Thailand) Ltd. Thai Peroxide

Philippines Indo Phil Textile Mills Indo Phil Cotton Mills Indo Phil Acrylic Mfg. Corp.

Indonesia PT Indo Bharat Rayon PT Elegant Textile Industry PT Sunrise Bumi Textiles PT Indo Liberty Textiles PT Indo Raya Kimia

Egypt Alexandria Carbon Black Company S.A.E Alexandria Fiber Company

China Liaoning Birla Carbon

Canada AV Cell Inc AV Nackawic Inc

Australia Aditya Birla Minerals Ltd.

Laos Birla Laos Pulp and Paper Plantation Company Ltd.

Joint ventures Birla Sun Life Insurance Birla Sun Life Asset Management Company Ltd. Birla Sun Life Distribution Company Ltd.

Page 4: Top 50 Indian Companies

Tanfac Industries Ltd.

Major Achievements of Aditya Birla Group Largest aluminium rolling company Largest single location copper smelter No.1 in viscose staple fibre The third largest producer of insulators The fourth largest producer of carbon black The eleventh largest cement producer and the second largest in India Among the best energy efficient fertiliser plants Among the world's top 15 and India's top three BPO companies

Note: The above information was last updated on 21-07-2007

Ambuja Cements Limited was earlier known as Gujarat Ambuja Cements Limited (GACL). The company was set up in 1986. In this short span Ambuja Cements has achieved massive growth and presently, the total cement capacity of the company is 16 million tonnes. The company has three subsidiaries, viz, Ambuja Cement Rajasthan Limited (ACRL), Ambuja Cement Eastern Limited (ACEL) and Ambuja Cement India Limited (ACIL). Ambuja also has a strategic investment in ACC through its subsidiary (ACIL).

Page 5: Top 50 Indian Companies

Ambuja Cements is the most profitable cement company in India, and the lowest cost producer of cement in the world. One of the major reasons that Ambuja Cements is the lowest cost producer of cement in the world is its emphasis on efficiency. Power consists over 40% of the production cost of cement. The company improved efficiency of its kilns to get more output for less power. Thereafter Ambuja Cements set up a captive power plant at a substantially lower cost than the national grid. The company sourced a cheaper and higher quality coal from South Africa, and a better furnace oil from the Middle East. As a result, today, the company is in a position to sell its excess power to the local state government.

Ambuja cement is the first company to introduce the concept of bulk cement movement by sea in India. This resulted in speedier transportation and brought many coastal markets within easy reach. Ambuja Cements has a port terminal at Muldwarka, Gujarat. It is an all weather port that handles ships with 40,000 DWT. The port has a fleet of seven ships with a capacity of 20500 DWT to ferry bulk cement to the packaging units. The company has bulk cement terminals at Surat, Panvel, and Galle. The Surat terminal has a storage capacity of 15,000 tonnes and Panvel terminal has a storage capacity of 17,500 tonnes. Both the terminals have bulk cement unloading facility. The port at Galle, 120 km from Colombo, Sri Lanka, handles million tonnes of cement annually.

Major Achievements of Ambuja Cement Most profitable cement company in India. Lowest cost producer of cement in the world. Its environment protection measures are at par with the best in the world. The

pollution levels at all its cement plants are lower than the rigorous Swiss standards of 100 mg/NM3.

The only cement company to be awarded with the National Quality Award. First cement company to first to receive the ISO 9002 quality certification. Received ISO 14000 Certification for environmental systems. India's largest exporter of cement. Received Best Award for highest exports by CAPEXIL. First company to introduce the concept of bulk cement movement by sea in India.

Apollo Hospitals is the largest healthcare group in Asia. Apollo group owns and manages 41 hospitals in and around India and has a total capacity of 7000 beds. Apollo Hospitals was founded by Dr. Prathap C Reddy in 1979 and is the first group of hospitals that pioneered the concept of corporate healthcare delivery in India. Apollo Hospitals Enterprise Limited (AHEL), the flagship company of the group, is a listed Company on the Bombay Stock Exchange.

Today, AHEL is the leading private sector healthcare provider in India and owns and manages a network of speciality hospitals and clinics. The company also operates a chain of pharmacy retail outlets across the country, and provides consultancy services for commissioning and managing hospitals. The consultancy division of Apollo Hospitals offers project and operations management consultancy services to clients that vary from conceptualization to commissioning of a wide range of healthcare models.

Page 6: Top 50 Indian Companies

Group Companies of Apollo Hospitals

Apollo Health Street Limited: It is a global healthcare services company that offers business process outsourcing and IT solutions and services to a global clientele.

Apollo Pharmacies: It is the largest retail pharmacy chain in India with over 70 round-the-clock retail outlets in India. Apollo Pharmacies is moving towards offering e-prescription based services to the end user and the doctor.

Apollo Health & Lifestyle Limited: Apollo Health & Lifestyle Limited (AHLL) is engaged in establishing a network of clinics in India and neighbouring countries. It intends to address the day-to-day health needs of common people by providing a range of superior quality healthcare services at affordable prices.

MedVarsity Online Limited (MOL): MedVarsity Online Limited is promoted by Apollo Hospitals and NIIT Ltd. MedVarsity has developed over 1500 hours of medical content that is accessible to the medical community anytime and anywhere.

Apollo Telemedicine Enterprises Limited (ATEL): Apollo Telemedicine Enterprises Limited has developed the 'Apollo Telemedicine Network' that allows the participant sites to collaborate with institutions in the country and abroad and provides their clientele access to better healthcare in areas not adequately served by the medical community.

Family Health Plan Limited (FHP): The company deals in the healthcare insurance sector and is the largest Third Party Administrator (TPA) in Asia.

Equipment World: Equipment World sources and selects high-end medical equipment, catalogues and provides expert advice and services on technology, techno-commercial issues.

Keimed.com Limited: Keimed.com Limited is a unified national pharmaceutical procurement and supply chain management company for a wide range of medical goods, consumables, drugs, surgical, health and personal care products.

Major Achievements of Apollo HotelsApollo Health Street Limited: It is a global healthcare services company that offers business process outsourcing and IT solutions and services to a global clientele.

Apollo Pharmacies: It is the largest retail pharmacy chain in India with over 70 round-the-clock retail outlets in India. Apollo Pharmacies is moving towards offering e-prescription based services to the end user and the doctor.

Apollo Health & Lifestyle Limited: Apollo Health & Lifestyle Limited (AHLL) is engaged in establishing a network of clinics in India and neighbouring countries. It intends to Saddress the day-to-day health needs of common people by providing a range of superior quality healthcare services at affordable prices.

MedVarsity Online Limited (MOL): MedVarsity Online Limited is promoted by Apollo Hospitals and NIIT Ltd. MedVarsity has developed over 1500 hours of medical content that is accessible to the medical community anytime and anywhere.

Page 7: Top 50 Indian Companies

Apollo Telemedicine Enterprises Limited (ATEL): Apollo Telemedicine Enterprises Limited has developed the 'Apollo Telemedicine Network' that allows the participant sites to collaborate with institutions in the country and abroad and provides their clientele access to better healthcare in areas not adequately served by the medical community.

Family Health Plan Limited (FHP): The company deals in the healthcare insurance sector and is the largest Third Party Administrator (TPA) in Asia.

Equipment World: Equipment World sources and selects high-end medical equipment, catalogues and provides expert advice and services on technology, techno-commercial issues.

Keimed.com Limited: Keimed.com Limited is a unified national pharmaceutical procurement and supply chain management company for a wide range of medical goods, consumables, drugs, surgical, health and personal care products.

Major Achievements of Apollo Hotels Apollo Hospital, Chennai is the first Indian hospital to be awarded the 1S0 9002

and ISO 14001 Certifications. Apollo Hospital, Chennai is the first Indian hospital to introduce newer techniques

in coronary angioplasty, stereotactic radiotherapy and radio-surgery (for CNS tumors).

Apollo Hospital, Chennai is the first to perform liver, multi-organ and cord blood transplants in India.

Apollo Hospital, Delhi is first Indian hospital to receive the Joint Commission International (JCI) USA accreditation-the gold-standard in hospital certifications worldwide.

Apollo Hospital, Delhi performed the first successful liver-kidney transplant in the Indian sub-continent.

Note: The above information was last updated on 21-07-2007

Page 8: Top 50 Indian Companies

Ashok Leyland is the leading manufacturer of trucks, buses, special application vehicles and engines in India. The products of Ashok Leyland are at par with the best in the world. Ashok Leyland is the leaders in the Indian bus market, offering unique models such as CNG, Double Decker and Vestibule bus. More than 80% of the State Transport Undertaking (STU) buses come from Ashok Leyland. The company is a pioneer in multi axle trucks and tractor-trailers. Ashok Leyland is the largest provider of logistic vehicles to the Indian army. It also manufactures diesel engines for Industrial, Genset and Marine applications, in collaboration with technology leaders.

The birth of Ashok Leyland can be attributed to the quest for self-reliance in the aftermath of independence. Pandit Jawaharlal Nehru persuaded Mr. Raghunandan Saran, an industrialist, to enter automotive manufacture. In 1948, Ashok Motors was set up in Madras (Chennai) for the assembly of Austin Cars. Soon, British Leyland acquired an equity stake in the company and the name of the company was changed from Ashok Motors to Ashok Leyland. In 1955, Ashok Leyland commenced of commercial vehicles. Since then Ashok Leyland has maintained its technological leadership in the India's commercial vehicle industry. Tie-ups with international technology leaders and through vigorous in-house R&D enabled Ashok Leyland to introduce latest technological breakthroughs in the Indian market. Ashok Leyland was the first to introduce full air brakes, power steering and rear engine busses in India.

Page 9: Top 50 Indian Companies

In 1987, the overseas holding by Land Rover Leyland International Holdings Limited (LRLIH) was taken over by a joint venture between the Hinduja Group and IVECO. Since July 2006, the Hinduja Group is 100% holder of LRLIH.

Associate Companies of Ashok Leyland

Automotive Coaches & Components Ltd (ACCL): ACCL was promoted by Ashok Leyland and the Tamil Nadu Industrial Development Corporation (TIDCO) in the 1980s. The company has two Divisions: ACCL Division and PL Haulwel Trailers (PLHT). ACCL is the largest Tipper Body manufacturer in the organised sector in India. Apart from the tippers, it also manufactures bus bodies, front-end structures (FES), tankers, aluminum containers, OB vans, energy vans and the like. PLHT manufactures a wide variety of after-chassis products. These include Fifth Wheel Couplers and Hoists, Semi Trailers, Container trailers, Ladle Carriers, for foundries (Steel / Aluminum), Running gears for LPG tankers, Car / Truck / Tractor Carriers, Bottom dumpers, and all types of user-specific custom-designed trailers for niche applications.

Lanka Ashok Leyland: The Company was established in 1982. It is a joint venture between Ashok Leyland and the Government of Sri Lanka. Ashok Leyland supplies chassis in both completely built-up and knocked down conditions to Lanka Ashok Leyland, which in turn assembles the chassis and builds bodies.

Ennore Foundries: Ennore Foundries was established in 1959. It is India's largest automotive jobbing foundry and caters to different segment like automobiles, tractors, industrial engines and power generators.

IRIZAR-TVS: IRIZAR-TVS is a joint venture between Ashok Leyland, TVS & Sons Ltd and IRIZAR, the internationally reputed bus body builder from Spain. The company was started in 2001 and it manufactures luxury coaches.

Ashok Leyland Project Services Limited: Ashok Leyland Project Services Limited (ALPS) looks after the project development activities of the Hinduja Group in India. It assists the investment entities of the Group and provides professional services to help international companies interested in projects in India.

Major Achievements of Hinduja Group In 1993, became first Indian Auto Company to receive ISO 9002 certification. Received ISO 9001 certification in 1994, QS 9000 in 1998, and ISO 14001

certification for all vehicle manufacturing units in 2002. Became the first Indian auto company to receive the latest ISO/TS 16949

Corporate Certification (in July 2006). First company to introduce full air brakes, power steering and rear engine busses

in India.

Note: The above information was last updated on 21-07-2007

Page 10: Top 50 Indian Companies

The Bajaj Group is one of the leading business houses of India. Its business interests span host of industries such as automobiles (two-wheelers and three-wheelers), home appliances, lighting, iron and steel, insurance, travel and finance. The Bajaj brand is well-known in over a dozen countries in Europe, South America, the US and Asia. The Bajaj Group comprises 27 companies and its flagship company Bajaj Auto is ranked as the world's fourth largest two- and three- wheeler manufacturer.

Bajaj Group was founded in 1926, at the height of India's movement for independence from the British. Jamnalal Bajaj, founder of the group, was a close associate of Mahatma Gandhi. Jamnalal Bajaj's close involvement in the freedom movement did not leave him with much time for his business. In 1942, his son Kamalnayan Bajaj took charge of the business. He consolidated the group and diversified into various manufacturing activities. Rahul Bajaj, the present Chairman and Managing Director of the group took reins of the business in 1965. Under his leadership the group has achieved new heights and ranks among the top 10 business houses in India.

Bajaj Group Companies and their business interests:

Page 11: Top 50 Indian Companies

Bajaj Auto Ltd: Manufacturers of Scooters, Motorcycles and Three-wheeler vehicles and spare parts thereof.

Bajaj Electricals Ltd.: Manufacturers of electric fans, highmasts, lattice closed towers and poles, etc. and marketing of electrical goods such as general lighting service lamps, special lamps, compact fluorescent lamps, fluorescent tubes, luminaries, fans and electrical & non-electrical appliances.

Mukand Ltd.: Manufacturers of stainless, alloy and special steels including carbon and alloy steels, free cutting steels, semi-free cutting steels, leaded free cutting steels, cold heading quality steels, spring steels including vanadium steels, high carbon steels; electrode quality steels, boiler quality steels; wire rods,wires, castings, machine tools; E.O.T. and other cranes; bulk material handling equipment for steel and other industries; specialist in major turnkey projects,highway construction and international trading; real estate development.

Bajaj Hindusthan Ltd.: Manufacturers of white crystal sugar and industrial alcohol.

Maharashtra Scooters Ltd.: Manufactures of scooters. Bajaj Auto Finance Ltd.: Deals in financial services including hire purchase

financing & leasing. Hercules Hoists Ltd.: Manufacturers of 'INDEF' brand materials handling

equipments such as triple spur gear chain pulley blocks, chain electric hoists, wire rope, electric hoists, travelling trolleys, EOT / HOT / stores stacker cranes, roll-out racks.

Bajaj Sevashram Pvt Ltd.: Involved in investment activities. Hind Lamps Ltd.: Manufacturers of GLS, fluorescent, miniature lamps and major

components such as glass shells, miniature and aluminium caps, lead glass, etc. Bajaj Ventures Ltd.: Involved in manufacturing and trading of power tools and

manufacturing of houseware and parts thereof. Bajaj International Pvt. Ltd.: Exporters of electrical fans, GLS lamps, fluorescent

tubes, lighting fittings, luminaries, household appliances and hoists. Hind Musafir Agency Pvt. Ltd.: Travel Agency. Mukand International Ltd.: Involved in trading of metals, steels and ferro alloys. Mukand Engineers Ltd.: Construction, fabrication and erection of industrial and

infrastructural projects and infotech business. Mukand Global Finance Ltd.: Financial services: fund based activities - loans and

investments, consumer finance, corporate finance. Fee based activities - investment banking, corporate advisory services.

Bachhraj Factories Pvt. Ltd.: Ginning and pressing of cotton bales at Wardha. Bajaj Consumer Care Ltd.: Manufacturing and trading of ayurvedic medicines,

hair oil, tooth powder, Shampoos, Pure coconut oil. Bajaj Auto Holdings Ltd.: Investment company. Jamnalal Sons Pvt. Ltd.: Investment and finance company. Bachhraj & Company Pvt. Ltd.: Investment company. Jeewan Ltd.: Investment company. The Hindustan Housing Co. Ltd.: Services company Baroda Industries Pvt Ltd.: Investment company Stainless India Ltd.: Manufacturers of stainless steel billets and flats etc.

Page 12: Top 50 Indian Companies

Bombay Forging Ltd.: Manufacturers of carbon, alloy and stainless steel closed die forgings for automobile and general engineering applications.

Bajaj Allianz General Insurance Company Ltd.: General Insurance Business. Bajaj Allianz Life Insurance Company Ltd.: Life Insurance Business.

Note: The above information was last updated on 21-07-2007

Bharti Enterprises is a pioneer in telecom sector and the group is widening its horizons by entering new business areas such as insurance and retail. Bharti Enterprises has created a vantage position for itself in the global telecommunications sector. Bharti Airtel Limited occupies numero uno status in mobile telephony in India while its brand 'Beetel' is the largest manufacturer and exporter of world class telecom terminals.

Founder of Bharti Group is Sunil Mittal. In 1983, Sunil Mittal entered into an agreement with Germany's Siemens to manufacture the company's push-button telephone models for the Indian market. In 1986, Sunil Bharti Mittal incorporated Bharti Telecom Limited (BTL) and his company became the first in India to offer push-button telephones, establishing the basis of Bharti Enterprises. This first-mover advantage allowed Sunil Mittal to expand his manufacturing capacity elsewhere in the telecommunications market. By the early 1990s, Sunil Mittal had also launched the country's first fax machines and its first cordless telephones. In 1992, Sunil Mittal won a bid to build a cellular phone network in Delhi. In 1995, Sunil Mittal incorporated the cellular operations as Bharti Tele-Ventures and launched service in Delhi. In 1996, cellular service was extended to Himachal Pradesh. In 1999, Bharti Enterprises acquired control of JT Holdings, and extended cellular operations to Karnataka and Andhra Pradesh. In 2000, Bharti acquired control of Skycell Communications, in Chennai. In 2001, the company acquired control of Spice Cell in Calcutta. Bharti Enterprises went public in 2002, and the company was listed on Mumbai Stock Exchange and National Stock Exchange of India. In 2003, the cellular phone operations were rebranded under the single AirTel brand. In 2004, Bharti acquired control of Hexacom and entered Rajasthan. In 2005, Bharti extended its network to Andaman and Nicobar. Today, Airtel is the laegest cellular service provider in India.

Companies of Bharti Enterprises

Bharti Airtel: Bharti Airtel is India's leading provider of telecommunications services. The company provides GSM mobile services across India in 23 telecom circles and broadband & telephone services in 90 cities.

Page 13: Top 50 Indian Companies

Bharti Teletech Ltd.: Bharti TeleTech manufactures and exports world-class telecom equipment under the brand Beetel'. It is the only Indian telephone company to be present in 30 countries mapping 5 continents. The company's product range include Basic Telephones, Caller ID Phones, Caller ID Boxes, Cordless Phones, 2.4 GHz Digital Cordless Phones, DECT 1.8 GHz Phones, and Set Top Boxes.

Telecom Seychelles Ltd: Telecom Seychelles Ltd provides comprehensive telecom services including GSM Cellular, PSTN (Fixed Lines), Fax and Data, International Roaming, connectivity to Internet Services, Maritime Telecom Services (INMARSAT) and International Collect and Credit Card calling, in Seychelles, under the brand 'Airtel.

Bharti Telesoft Ltd: Bharti Telesoft Ltd provides value added services and solutions to wireless and wireline carriers worldwide. Bharti Telesoft Ltd ha deployed products and solutions in 25 countries to over 100 network, and has a customer base of 150 million across 5 continents.

TeleTech Services (India) Ltd: TeleTech Services (India) Ltd is a joint venture between TeleTech Holdings, Inc., world's leading full-service provider of business process outsourcing and Bharti TeleTech Ltd. The company offers offer the entire spectrum of front-to-back-office business processes ranging from voice and non-voice customer support, back office administration (including credit and collections, account maintenance, application processing, claims processing, asset management, document management etc.), sales and marketing (including database marketing, marketing support, web sales and marketing etc.) to global customers.

FieldFresh Foods Pvt Ltd: FieldFresh Foods (P) Ltd is an equal partnership venture between Bharti Enterprises and ELRo Holdings India Ltd, an investment company of the Rothschild family. The company provides premium quality fresh produce to the markets worldwide and promotes world class standards for agricultural practices, progressive farming techniques & identification and adoption of appropriate technologies.

Bharti Retail Pvt Ltd: Bharti Retail Pvt Ltd. is a 100% subsidiary of Bharti Enterprises. Bharti Retail is planning to launch its retail outlets in multiple consumer friendly formats in several cities across India.

Companies of Bharti Enterprises

Bharti Airtel: Bharti Airtel is India's leading provider of telecommunications services. The company provides GSM mobile services across India in 23 telecom circles and broadband & telephone services in 90 cities.

Bharti Teletech Ltd.: Bharti TeleTech manufactures and exports world-class telecom equipment under the brand Beetel'. It is the only Indian telephone company to be present in 30 countries mapping 5 continents. The company's product range include Basic Telephones, Caller ID Phones, Caller ID Boxes, Cordless Phones, 2.4 GHz Digital Cordless Phones, DECT 1.8 GHz Phones, and Set Top Boxes.

Telecom Seychelles Ltd: Telecom Seychelles Ltd provides comprehensive telecom services including GSM Cellular, PSTN (Fixed Lines), Fax and Data, International Roaming, connectivity to Internet Services, Maritime Telecom Services (INMARSAT) and International Collect and Credit Card calling, in Seychelles, under the brand 'Airtel.

Page 14: Top 50 Indian Companies

Bharti Telesoft Ltd: Bharti Telesoft Ltd provides value added services and solutions to wireless and wireline carriers worldwide. Bharti Telesoft Ltd ha deployed products and solutions in 25 countries to over 100 network, and has a customer base of 150 million across 5 continents.

TeleTech Services (India) Ltd: TeleTech Services (India) Ltd is a joint venture between TeleTech Holdings, Inc., world's leading full-service provider of business process outsourcing and Bharti TeleTech Ltd. The company offers offer the entire spectrum of front-to-back-office business processes ranging from voice and non-voice customer support, back office administration (including credit and collections, account maintenance, application processing, claims processing, asset management, document management etc.), sales and marketing (including database marketing, marketing support, web sales and marketing etc.) to global customers.

FieldFresh Foods Pvt Ltd: FieldFresh Foods (P) Ltd is an equal partnership venture between Bharti Enterprises and ELRo Holdings India Ltd, an investment company of the Rothschild family. The company provides premium quality fresh produce to the markets worldwide and promotes world class standards for agricultural practices, progressive farming techniques & identification and adoption of appropriate technologies.

Bharti Retail Pvt Ltd: Bharti Retail Pvt Ltd. is a 100% subsidiary of Bharti Enterprises. Bharti Retail is planning to launch its retail outlets in multiple consumer friendly formats in several cities across India.

Note: The above information was last updated on 21-07-2007

Page 15: Top 50 Indian Companies

(BHARAT HEAVY ELECTRICALS LTD. PSU)

BHEL or Bharat Heavy Electricals Limited is the largest engineering and manufacturing enterprise in India in the energy-related/infrastructure sector. BHEL is one of the nine large Public Sector Undertakings known as navratnas or nine jewels. BHEL offers over 180 products and provides systems and services to meet the needs of core sectors like: power, transmission, industry, transportation, oil & gas, non-conventional energy sources and telecommunication.

BHEL was founded in 1950s. Its operations are organised around three business sectors: Power, Industry - including Transmission, Transportation, Telecommunication & Renewable Energy - and Overseas Business. Today, BHEL has a wide-spread network comprising 14 manufacturing divisions, 8 service centres, 4 power sector regional centres, 18 regional offices, and a large number of project sites spread all over India and abroad. BHEL is one of the largest exporters of engineering products & services from India. BHEL has established its references in around 60 countries of the world, ranging from the United States in the West to New Zealand in the Far East. Its export range include: individual products to complete power stations, turnkey contracts for power plants, EPC contracts, HV/EHV Sub-stations, O&M services for familiar technologies, specialized after-market services like Residual Life Assessment (RLA) studies and retrofitting, refurbishing & overhauling, and supplies to manufacturers & EPC contractors.

BHEL's product range include: Steam turbines and generators of up to 500MW capacity for utility and combined-cycle applications; Steam turbines for CPP applications; Gas turbines of up to 260MW (ISO) rating; Custom-built conventional hydro turbines of Kaplan, Francis and Pelton types with matching generators, pump turbines with matching motor-generators; Spherical, butterfly and rotary valves and auxiliaries for hydro station; HSD, LDO, FO, LSHS, natural-gas/biogas based diesel power plant; Industrial turbo-sets of ratings from 1.5 to 120MW; Steam generators for utilities, ranging from 30 to 500MW capacity, using coal, lignite, oil, natural gas or a combination of these fuels; Pulverized fuel fired boilers; Stoker boilers; Atmospheric fluidized bed combustion boilers; Circulating fluidized bed combustion

Page 16: Top 50 Indian Companies

boilers; Waste heat recovery boiler; Boiler Auxiliaries; Heat Exchangers & Pressure Vessels; Pumps; Power Station Control Equipment; Switchgears; Bus Ducts; Transformers; Insulators; Capacitors; Energy Meters etc.

Major Achievements of BHEL: Acquired certifications for Quality Management Systems (ISO 9001),

Environmental Management Systems (ISO 14001) and Occupational Health & Safety Management Systems (OHSAS 18001).

Installed equipment for over 90,000 MW of power generation. Supplied over 2,25,000 MVA transformer capacity and other equipment operating

in Transmission & Distribution network up to 400 kV (AC & DC). Supplied over 25,000 Motors with Drive Control System to Power projects,

Petrochemicals, Refineries, Steel, Aluminum, Fertilizer, Cement plants, etc. Supplied Traction electrics and AC/DC locos to power over 12,000 km Railway

network. Supplied over one million Valves to Power Plants and other Industries.

Note: The above information was last updated on 21-07-2007

Page 17: Top 50 Indian Companies

Biocon is India's leading integrated biotechnology enterprise focused on the development of biopharmaceuticals. Since its inception Biocon has evolved from an enzyme manufacturing company to a fully integrated biopharmaceutical enterprise, focused on healthcare. Biocon has successfully forayed into drug discovery and development. It has developed innovative and effective biomolecules in diabetology, oncology, cardiology and other therapeutic segments. Biocon delivers products and solutions to partners and customers in over 50 countries.

Biocon was founded on November 29, 1978 as a joint venture between Biocon Biochemicals Ltd. of Ireland and an Indian entrepreneur, Kiran Mazumdar Shaw. In 1979, Biocon became the first Indian company to manufacture and export enzymes to USA and Europe. Unilever plc. acquired Biocon Biochemicals Ltd. in Ireland in 1979 and merged it with its subsidiary, Quest International. In 1989, Biocon became the first Indian biotech company to receive US funding for proprietary technologies. In 1993, Biocon's R&D and manufacturing facilities received ISO 9001 certification from RWTUV, Germany. In 1994, Biocon established a subsidiary Syngene International Pvt. Ltd to address the growing need for outsourced R&D in the pharmaceutical sector. In 1996, Biocon entered the biopharmaceuticals and statins segment. In 1998, Unilever sold its shareholding in Biocon to the Indian promoters and Biocon became an independent entity. In 2000 Biocon commissioned its first fully automated submerged fermentation plant to produce speciality pharmaceuticals. In the same year Clinigene, India's first clinical research organisation and a subsidiary of Biocon, was set up to pursue clinical research and development. In 2001, Biocon became the first Indian company to be approved by US FDA for the manufacture of lovastatin, a cholesterol-lowering molecule. In 2003 Biocon became the first company worldwide to develop human insulin on a Pichia expression system. In 2004, Biocon entered the stock market with its IPO and became only the second Indian company to cross the $ 1 billion mark on the day of listing. In 2006, Biocon launched India's first cancer drug BIOMAb EGFR.

Products & Services Offered by Biocon:

1. Biopharmaceuticals: Today, Biocon is a leading biopharmaceutical company with strong capabilities in statins, immunosuppressants, recombinant insulin and a wide product range across key therapeutic segments including diabetology, cardiology and oncology. Following biopharmaceutical products are offered by Biocon:

Products & Services Offered by Biocon:

Page 18: Top 50 Indian Companies

1. Biopharmaceuticals: Today, Biocon is a leading biopharmaceutical company with strong capabilities in statins, immunosuppressants, recombinant insulin and a wide product range across key therapeutic segments including diabetology, cardiology and oncology. Following biopharmaceutical products are offered by Biocon:

Small molecules: Biocon produces anti-diabetic agents, anti-hypertensive agents, anti-inflammatory agents, anti-oxidants, cardiovascular agents, digestive-aid enzymes, hemostatic agents, hepatoprotective agents, immunosuppressants, and neutraceuticals.

Biologicals: In the field of Biogenerics, Biocon is currently working on products that include: Insulin, Streptokinase, and Monoclonal Antibodies.

Dosage Forms: Biocon provides products in the therapeutic segments of cardiology and diabetes.

2. Enzymes: Biocon is India's largest producer and exporter of enzymes. It manufactures and markets a broad range of industrial enzymes, food additives and process aids. Biocon is the first enzyme company globally to receive the ISO 9001 accreditation. Enzymes manufactured by Biocon are: Amylases, Amyloglucosidases, Cellulases, Catalase, Lipases, Glucanases, Hemicellulases, Phytases, Proteases, and Pectinases.

3. Custom Research: Biocon subsidiary Syngene conduct high value R&D in early stage drug discovery and development for a diverse global clientele.

4. Clinical Research: Biocon subsidiary Clinigene offers global biotechnology and pharmaceutical majors strong clinical trial services, regulatory and laboratory capabilities for clinical drug development. Its value added services include value-added services include patient registries and clinical databases in diabetes, lipidemia, oncology, cardiovascular diseases.

Major Achievements of Biocon: First Indian company to manufacture and export enzymes to USA and Europe. First Indian biotech company to receive US funding for proprietary technologies. First Indian company to be approved by US FDA for the manufacture of lovastatin,

a cholesterol-lowering molecule. First company worldwide to develop human insulin on a Pichia expression system. India's largest producer and exporter of enzymes. Second Indian company to cross the $ 1 billion mark on the day of listing. Launched India's first cancer drug BIOMAb EGFR

Note: The above information was last updated on 21-07-2007

Page 19: Top 50 Indian Companies

Bombay Dyeing is one of India's largest producers of textiles. The daily production at Bombay Dyeing exceeds 300,000 meters of fabrics and it has a distribution chain consisting of 600 plus exclusive shops spread all over the country. Bombay Dyeing, exports to advanced countries such as USA, countries in European Union, Australia and New Zealand, and its sales turnover is more or less equally divided between National and International markets. Apart from the textiles, Bombay Dyeing also deals in the chemicals.

Bombay Dyeing is part of the Wadia Group, which is more than 250 years old. Wadia Group initially ventured into the area of ship building, and more than 355 ships were designed and built by the Group. As the industrialization grew in the 19th century, so did the trading, and new opportunities for business. In the late 19th century, Bombay was one of the major cotton ports of the world. Nowrosjee Wadia sensed an opportunity in India's mushrooming textile industry and on August 23, 1879, Bombay Dyeing was founded in a humble redbrick shed. Since then, Bombay Dyeing has grown into one of India's largest producer of textiles. The company also diversified and pioneered the manufacturing of various chemicals.

Companies of Bombay Dyeing Group:

The Bombay Dyeing Mfg. Co. Ltd: Bombay Dyeing & Manufacturing Co. Ltd is India's leading producer of textiles.

go Air: go Air is a low-cost carrier promoted by Bombay Dyeing Group.

Bombay Dyeing - DMT: Bombay Dyeing - DMT is the largest manufacturer of Dimethyl Terephthalate (DMT) in India. DMT is a raw material for the manufacturer of Polyester fibre, film, filament & yarn and engineering plastics.

National Peroxide Ltd.: The company is a pioneer and leader in India in peroxygen chemicals.

Bombay Burmah Trading Corpn Ltd: The company is engaged in plantations and produces tea, coffee, cardamom, black pepper and rubber.

Britannia Industries Ltd: It is the largest company in the Indian Food processing industry. Its product range includes Breads and Cakes.

Wadia BSN India Ltd: The company was set up in 1994 through tie-up between the Wadias & Groupe Danone. It plans to introduce packaged foods from the Danone's international range.

Formica India Division: The company produces high grade industrial laminates for the electronic, electrical and other industries.

B.R.T Ltd: The company produces textile machinery accessories. It is the market leader in

Page 20: Top 50 Indian Companies

ring, ring travellers, open end rotors and opening roller-spinning machinery accessories for cotton and synthetic yarns.

BCL Springs Division: BCL Springs Division is the second largest producer of precision springs. It is a trusted brand in the automobile, consumer durable, electrical, textile & ammunition industries.

Afcoset Balances Division: Market leader in laboratory weighing equipment in India.

Afco Industrial and Chemicals Ltd: Product range includes battery chargers, DC systems, Inverters & converters, static voltage regulators & heat sinks.

Dental Products of India: Largest manufacturer of consumable dental products.

Medical Microtechnology Ltd: Manufacturer of high precision titanium ophtalmic micro surgical instruments.

Instruments Orthopaedics: Market Leader in Orthopaedic implants, instruments and equipment in India. Its range includes various implants for the hip, knees, and several types of screws, nails, plates and prostheses.

Gherzi Eastern Limited: Gherzi Eastern Limited is a joint venture public limited company between Bombay Dyeing Group and Gherzi Organisation, Zurich (Switzerland). The company was formed to provide consultancy services in the field of textile industry. Today, the company has diversified its services in the field of Transportation / Highways, Bridges / Flyovers, Environment, Townships, Housing, Urban development, Water and Waste Water Engineering, Tourism, Hotels, Industrial projects and other infrastructural projects.

Companies of Bombay Dyeing Group:

The Bombay Dyeing Mfg. Co. Ltd: Bombay Dyeing & Manufacturing Co. Ltd is India's leading producer of textiles.

go Air: go Air is a low-cost carrier promoted by Bombay Dyeing Group.

Bombay Dyeing - DMT: Bombay Dyeing - DMT is the largest manufacturer of Dimethyl Terephthalate (DMT) in India. DMT is a raw material for the manufacturer of Polyester fibre, film, filament & yarn and engineering plastics.

National Peroxide Ltd.: The company is a pioneer and leader in India in peroxygen chemicals.

Bombay Burmah Trading Corpn Ltd: The company is engaged in plantations and produces tea, coffee, cardamom, black pepper and rubber.

Britannia Industries Ltd: It is the largest company in the Indian Food processing industry. Its product range includes Breads and Cakes.

Wadia BSN India Ltd: The company was set up in 1994 through tie-up between the Wadias & Groupe Danone. It plans to introduce packaged foods from the Danone's

Page 21: Top 50 Indian Companies

international range.

Formica India Division: The company produces high grade industrial laminates for the electronic, electrical and other industries.

B.R.T Ltd: The company produces textile machinery accessories. It is the market leader in ring, ring travellers, open end rotors and opening roller-spinning machinery accessories for cotton and synthetic yarns.

BCL Springs Division: BCL Springs Division is the second largest producer of precision springs. It is a trusted brand in the automobile, consumer durable, electrical, textile & ammunition industries.

Afcoset Balances Division: Market leader in laboratory weighing equipment in India.

Afco Industrial and Chemicals Ltd: Product range includes battery chargers, DC systems, Inverters & converters, static voltage regulators & heat sinks.

Dental Products of India: Largest manufacturer of consumable dental products.

Medical Microtechnology Ltd: Manufacturer of high precision titanium ophtalmic micro surgical instruments.

Instruments Orthopaedics: Market Leader in Orthopaedic implants, instruments and equipment in India. Its range includes various implants for the hip, knees, and several types of screws, nails, plates and prostheses.

Gherzi Eastern Limited: Gherzi Eastern Limited is a joint venture public limited company between Bombay Dyeing Group and Gherzi Organisation, Zurich (Switzerland). The company was formed to provide consultancy services in the field of textile industry. Today, the company has diversified its services in the field of Transportation / Highways, Bridges / Flyovers, Environment, Townships, Housing, Urban development, Water and Waste Water Engineering, Tourism, Hotels, Industrial projects and other infrastructural projects.

Note: The above information was last updated on 21-07-2007

Page 22: Top 50 Indian Companies

Cadbury India is a food product company with interests in Chocolate Confectionery, Milk Food Drinks, Snacks, and Candy. Cadbury is the market leader in Chocolate Confectionery business with a market share of over 70%. Some of the key brands of Cadbury are Cadbury Dairy Milk, 5 Star, Perk, Eclairs, Celebrations, Temptations, and Gems. In Milk Food drinks segment, Cadbury's main product - Bournvita is the leading Malted Food Drink in the country.

Cadbury is the world's largest confectionery company and its origins can be traced back to 1783 when Jacob Schweppe perfected his process for manufacturing carbonated mineral water in Geneva, Switzerland. In 1824, John Cadbury opened in Birmingham selling cocoa and chocolate. Cadbury and Schweppe merged in 1969 to form Cadbury Schweppes plc. Milk chocolate for eating was first made by Cadbury in 1897 by adding milk powder paste to the dark chocolate recipe of cocoa mass, cocoa butter and sugar. In 1905, Cadbury's top selling brand, Cadbury Dairy Milk, was launched. By 1913 Dairy Milk had become Cadbury's best selling line and in the mid twenties Cadbury's Dairy Milk gained its status as the brand leader. Cadbury India began its operations in 1948 by importing chocolates and then re-packing them before distribution in the Indian market. Today, Cadbury has five company-owned manufacturing facilities at Thane, Induri (Pune) and Malanpur (Gwalior), Bangalore and Baddi (Himachal Pradesh) and 4 sales offices (New Delhi, Mumbai, Kolkota and Chennai). Its corporate office is in Mumbai. Worldwide, Cadbury employs 60,000 people in over 200 countries.

Major Achievements of Cadbury Worlds No 1 Confectionery company World's No 2 Gums company. World's No 3 beverage company. World's No 3 beverage company. Cadbury Dairy Milk & Bournvita have been declared a "Consumer Superbrand" for

2006-7 by Superbrands India. Cadbury India has been ranked 5th in the FMCG sector, in a survey on India's

most respected companies by sector conducted by Business World magazine in 2007.

Page 23: Top 50 Indian Companies

Cipla is 2nd largest pharmaceutical company in India in terms of retail sales. Cipla manufactures an extensive range of pharmaceutical & personal care products and has presence in over 170 countries across the world. Cipla's product range includes Pharmaceuticals, Animal Health Care Products, OTC, Bulk Drugs, Flavours & Fragrances, and Agrochemicals. Cipla also provides a host of consulting services such as preparation of product and material specifications, evaluation of existing production facilities to meet GMP, definition of appropriate plant size and technologies etc.

The origins of Cipla can be traced back to 1935, when Dr Khwaja Abdul Hamied set up "The Chemical, Industrial and Pharmaceutical Laboratories Ltd", popularly known by the acronym Cipla, in a rented bungalow, at Bombay Central. Cipla was registered as a public limited company on August 17, 1935. Cipla's first product was launched into the market in 1937. In 1940, during the Second World War when the drug supplies were cut off, Cipla started producing fine chemicals. In 1944, Cipla bought the premises at Bombay Central to build a modern pharmaceutical laboratory. In 1946, Cipla's product for hypertension, Serpinoid, was exported to the American Roland Corporation. In 1952, Cipla set up first research division for attaining self-sufficiency in technological development. In 1960, Cipla started operations at second plant at Vikhroli, Mumbai. In 1968, Cipla manufactured ampicillin for the first time in India. In 1976, Cipla launched medicinal aerosols for asthma. In 1982, Cipla's fourth factory became operational at Patalganga, Maharashtra. In 1984, Cipla developed anti-cancer drugs, vinblastine and vincristine in collaboration with the National Chemical Laboratory, Pune. In 1991, Cipla pioneered the manufacture of the antiretroviral drug, zidovudine. In 1994, Cipla's fifth factory began commercial production at Kurkumbh, Maharashtra. In 1997, Cipla launched transparent Rotahaler, the world's first such dry powder inhaler device. In 2000, Cipla became the first company, outside the USA and Europe to launch CFC-free inhalers. In 2002, Cipla set up four state-of-the-art manufacturing facilities set up in Goa. In 2003, Cipla launched TIOVA (Tiotropium bromide), a novel inhaled, long-acting anticholinergic bronchodilator. In 2005, Cipla set up a state-of-the-art facility for manufacture of formulations at Baddi, Himachal Pradesh.

Cipla's products include:

Pharmaceuticals: Cipla manufactures anabolic steroids, analgesics/antipyretics, antacids, anthelmintics, anti-arthritis, anti-inflammatory drugs, anti-TB drugs, antiallergic drugs, anticancer drugs, antifungal, antimalarials, antispasmodics, antiulcerants, immunosuppressants etc,

Animal Health Care Products: These include: aqua products, equine products, poultry products, products for companion animals, and products for livestock animals.

OTC: These include: child care products, eye care products, food supplements, health drinks, life style products, nutraceuticals & tonics, skin care products, and oral hygiene products.

Flavour & Fragrance: Cipla manufactures a wide range of flavours, which are used in foods and beverages, fruit juices, baked goods, and oral hygiene products. Cipla fragrances have wide ranging applications such as in personal care products, laundry detergents and room fresheners.

Major Achievements of Cipla: Manufactured ampicillin for the first time in India Lauched etoposide, a breakthrough in cancer chemotherapy, in association with

Indian Institute of Chemical Technology

Page 24: Top 50 Indian Companies

Launches transparent Rotahaler, the world's first such dry powder inhaler device Launches transparent Rotahaler, the world's first such dry powder inhaler device Became the first company, outside the USA and Europe to launch CFC-free

inhalers

Dabur India Limited is India's leading FMCG company with interests in health care, personal care and foods. Dabur has a history of more than 100 years and the company has carved a niche for it self in the field of Ayurvedic medicines. The products of Dabur are marketed in more than 50 countries worldwide. The company has 2 major strategic business units (SBU) - Consumer Care Division (CCD) & Consumer Health Division (CHD), and 3 Subsidiary Group companies - Dabur Foods, Dabur Nepal and Dabur International. Dabur International has 3 step down subsidiaries - Asian Consumer Care in Bangladesh, African Consumer

Page 25: Top 50 Indian Companies

Care in Nigeria and Dabur Egypt.

The origin of Dabur can be traced back to 1884 when Dr. S.K. Burman started a health care products manufacturing facility in a small Calcutta pharmacy. In 1896, as a result of growing popularity of Dabur products, Dr. Burman set up a manufacturing plant for mass production of formulations. In early 1900s, Dabur entered the specialized area of nature based Ayurvedic medicines. In 1919, Dabur established research laboratories to develop scientific processes and quality checks. In 1936, Dabur became a full-fledged company with the name Dabur India (Dr. S.K. Burman) Pvt Ltd. Dabur shifted its operations to Delhi in 1972. Dabur became a Public Limited Company in 1986 and Dabur India Limited came into existence after reverse merger with Vidogum Limited. In 1992, Dabur entered into a joint venture with Agrolimen of Spain to manufacture and market confectionary items in India. In 1994, Dabur raised its first IPO. In 1998, day to day running of the company was handed over to professionals. In 2000, Dabur achieved a turnover of Rs 1000 crores. In 2005, Dabur acquired Balsara. Dabur crossed $ 2 billion market cap in 2006.

Some of the well-known brands of Dabur are: Amla Chyawanprash, Hajmola, Lal Dantmanjan, Nature Care, Pudin Hara, Babool Toothpaste, Hingoli, Dabur Honey, Lemoneez, Meswak, Odonil, Real, RealActiv and Vatika.

DLF group is a leading real estate developer in India. DLF has been instrumental in putting Gurgaon on the urban landscape of India. DLF has over 220 million sq. ft. of existing development projects and 574 million sq. ft. of planned projects. It has extensive Land Reserves of 10,255 acres in various regions across India. DLF has so far developed 22 urban colonies, and an entire integrated 3,000-acre township - DLF City. DLF's development projects across India span over 30 cities: Gurgaon, Ambala, Shimla, Amritsar, Jalandhar, Ludhiana, Sonepat, Panipat, Chandigarh, Panchkula, Noida, New Delhi, Jaipur, Indore, Ahemdabad, Baroda, Lucknow, Faridabad, Mumbai, Pune, Nagpur, Goa, Kochi, Kokkanad, Chennai, Bangalore, Vytilla, Coimbatore, Hyderabad, Bhubhaneshwar and Kolkata.

Page 26: Top 50 Indian Companies

The DLF Group was founded by Chaudhury Raghuvendra Singh in 1946. DLF developed some of the first residential colonies in Delhi such as Krishna Nagar, South Extension, Greater Kailash, Kailash Colony and Hauz Khas. In 1957, with the passage of Delhi Development Act, the government assumed the control of real estate development activities in Delhi and the role of private real estate developers was restricted. As a result DLF began acquiring land at relatively low cost outside the area controlled by the Delhi Development Authority, particularly in the district of Gurgaon in the adjacent state of Haryana. In 1975, DLF commenced development of DLF Qutab Enclave, which has evolved into DLF City - DLF's landmark project. Today, DLF City is spread over 3,000 acres in Gurgaon and is an integrated township, which includes residential, commercial and retail properties in a modern city infrastructure with schools, hospitals, hotels and shopping malls. In 1989, DLF ventured into community shopping centres. In 1991, it ventured into 1st Grade Office space and in 2002, DLF ventured into organized retail complexes.

Traditionally, DLF's core business was made up of 3 prime divisions; residential, commercial and retail. DLF has added 3 more divisions; hotels, infrastructure and SEZs (Special Economic Zones). DLF has made significant progress in pursuing new business opportunities in hotel, infrastructure and SEZs. DLF and Laing O'Rourke, UK are strategic partner in several infrastructure projects. Laing O'Rourke is a global leader in construction. Through this joint venture (JV) the DLF plans to enter projects in the sectors of expressways and airports. For its commitment to quality, trust and customer sensitivity, DLF has earned the coveted 'Superbrand' ranking. DLF is the only company in India in the Consumer validated category from the real estate sector to have been awarded this distinction.

Major Achievements of DLF DLF is the only company in India in the Consumer validated category from the real

estate sector to have been awarded 'Superbrand' ranking. Received the 'Corporate Buildings Award' in March 2005 instituted by the leading

construction design magazine 'Indian Architect and Builders'. Awarded by Haryana Urban Development Authority (HUDA) for 'Excellence in

Horticulture Preservation'.

Dr. Reddy's Laboratories is India's leading pharmaceutical company with presence in over 100 countries. Dr Reddy's manufactures a range of products such as Active Pharmaceutical Ingredients, Generic & Branded Finished Dosages, Specialty Pharmaceuticals, and Biopharmaceuticals.

Dr. Reddy's Laboratories was founded in 1984 by Dr Anji Reddy. In 1986, Dr. Reddy's went public and entered international markets with exports of Methyldopa. In 1987, Dr. Reddy's obtained its first USFDA approval for Ibuprofen API and started its formulations operations. In 1988, Dr. Reddy's acquired Benzex Laboratories Pvt. Limited to expand its Bulk Actives business. In 1990, Dr. Reddy's, entered a new territory when it, for the first time in India, exported Norfloxacin and Ciprofloxacin to Europe and Far East. In 1993, Dr. Reddy's Research Foundation was established and the company started its drug discovery programme. In 1994, Dr. Reddy launched a GDR issue of US$ 48 million. In 1995, the company set up a joint venture in Russia. In 1997, Dr. Reddy's became the first Indian

Page 27: Top 50 Indian Companies

pharmaceutical company to out-license an original molecule when it licensed anti-diabetic molecule, DRF 2593 (Balaglitazone), to Novo Nordisk. In 1998, Dr. Reddy's licensed anti-diabetic molecule, DRF 2725 (Ragaglitazar), to Novo Nordisk. In 1999, the company acquired American Remedies Limited, a pharmaceutical company based in India. In the year 2000, became the first Asia Pacific pharmaceutical company, outside Japan, to be listed on the New York Stock Exchange. In 2001, Dr. Reddy's Laboratories became India's third largest pharmaceutical company with the merger of Cheminor Drugs Limited, a group company. In 2002, Dr. Reddy's made its first overseas acquisition - BMS Laboratories Limited and Meridian Healthcare in UK. In 2003, Dr. Reddy's launched Ibuprofen, first generic product to be marketed under the "Dr. Reddy's" label in the US. In 2006, Dr. Reddy's achieved a revenue of US$ 1 Billion. In the same year, Dr. Reddy's acquired Betapharm- the fourth-largest generics company in Germany. Today, Dr. Reddy's Laboratories is leading pharmaceutical company in India in terms of turnover and profitability.

Products of Dr. Reddy's Laboratories

Active Pharmaceutical Ingredients (API): Dr. Reddy's Laboratories product list span 24 major chemistries including stereo-selective synthesis, cryogenics, hydrogenations and cyanations. It has filed 84 US DMFs, the highest in India and second highest in the world.

Custom Pharmaceutical Services: Dr. Reddy's executes cost-effective and time-bound projects for its customers, and provides them cGMP-compliant products manufactured in FDA-inspected, ISO-certified facilities.

Generic Dosages: Dr. Reddy's Lab is a leading generic drugs manufacturer. It is the fourth largest player in Germany after the acquisition of betapharm. The company has expertise in customer-specific packaging, compliance packaging, anti-counterfeit packaging, and has won several awards globally for its packaging efforts, including the Asia Star, AmeriStar and WorldStar awards.

Branded Dosages: Dr. Reddy's brands such as Omez (Omeprazole), Nise (Nimesulide), Stamlo (Amlodipine), Ciprolet (Ciprofloxacin), Enam (Enalapril) and Ketorol (Ketorolac) are leaders in their category in several countries.

Discovery Research: Dr. Reddy's is actively involved in drug-discovery and clinical development programs.

Specialty Pharmaceuticals: In the field of speciality pharmaceuticals, Dr. Reddy's deals in deals acquired proprietary technologies, internally developed proprietary drug-delivery platforms, and current internal compounds under pre-clinical and clinical development.

Biopharmaceuticals: Grafeel (Filgrastim) was the first biologics product by Dr. Reddy's to enter the market. The company's second product Reditux (Rituximab) is the first biosimilar monoclonal antibody to be developed and launched anywhere in the world.

Major Achievements of Dr. Reddy's Laboratories: Dr. Reddy's is the 1st Asia Pacific pharmaceutical company, outside Japan to be

listed on the New York Stock Exchange. Dr. Reddy's biologics product Reditux (Rituximab) is the first biosimilar monoclonal

antibody to be developed and launched anywhere in the world.

Page 28: Top 50 Indian Companies

Essar is one of the leading corporate houses of India. The group has diverse

business interests spanning Steel, Energy, Power, Communications, Shipping & Logistics, and Construction. For the financial year ending March 2007, March 2007, Essar Group earned revenues of over US$ 4 billion. Essar Group employs 20,000 people in 50 locations worldwide. All the investments of the group have been consolidated under Essar Global Ltd., along with its six sectoral holding companies: Essar Steel Holdings Limited, Essar Energy Holdings Limited, Essar Power Holdings Limited, Essar Communications Holdings Limited, Essar Shipping & Logistics Limited and Essar Constructions FZE.

Essar Group was founded by the Ruia family. The Ruia family originally belongs to Rajasthan. In the 19th century, the family moved to Mumbai for business and trading purposes. In 1956, Nand Kishore Ruia, the group founder, moved south to Chennai to begin independent business activities and thus the foundations of Essar Group were laid. In 1969, after the demise of Nand Kishore Ruia, his sons Shashi and Ravi Ruia took over the group and guided the group to its present destiny.

Page 29: Top 50 Indian Companies

Business Interests of Essar Group

Steel: Essar Steel Holdings Limited is a global producer of steel with presence in India, Canada, USA, Middle East and Asia. It is a fully integrated flat carbon steel manufacturer from iron ore to ready-to-market products. Its product range include Iron Ore Pellets, Hot Briquetted Sponge iron (HBI), Hot Rolled Products, Cold Rolled Products' Galvanised Products. Essar Steel is India's largest exporter of flat products.

Energy: Essar Oil Ltd. (EOL) is leading integrated oil and gas company spanning the entire value chain: Exploration & Production, Refinery, & Marketing. Essar was one of the first private companies to bid for exploration blocks in 1993. It was also among the first to enter the refining sector when it was opened to private participation. Its refinery at Vadinar, Gujarat has a capacity of a capacity of 10.5 MTPA.

Power: Essar Power Limited set up India's first new generation independent power plant with a 515 MW combined cycle capacity, at Hazira in the early 1990s. The capacity of this plant is being enhanced to 1500 MW. The plant has set new standards of excellence in the Indian power sector. It has the lowest manpower to megawatt ratio and one of the lowest capital costs per megawatt in India. Besides the above plant, Essar has commissioned a 32 MW coal based captive power project at Vishakapatnam; It is currently executing a captive gas based Combined Cycle Power Plant of 355 MW in two phases at Hazira, Gujarat; and setting up a 120 MW Refinery residue based Captive Co-generation Power Project at Vadinar.

Communications: In the field of communications, Essar has interests in providing telecom services, telecom retail and telecom infrastructure. Hutchison- Essar, a joint venture between Essar and Hong Kong-based Hutchison Whampoa, is India's second largest GSM service provider. The JV was recently acquired by the UK-based Vodafone Group Plc at a value of USD 18.8 billion. Essar has retained its 33% stake in the new JV with Vodafone. Essar has entered telecom retail with its brand The MobileStore. The MobileStore is a chain of retail outlets managed by Essar Telecom Retail Ltd. in association with the Virgin Group. The store chain sells mobile handsets and accessories, as well as digital lifestyle products. Essar Telecom Infrastructure Private Limited (ETIPL) is one of the largest independent telecom infrastructure service provisioning companies in India.

Shipping: Essar Shipping Ltd. (ESL) is one of the world's leading integrated sea logistics companies. It accounts for almost 14% of India's shipping fleet and owns India's largest VLCC (Very Large Crude Carrier), which is also India's first double hull, double bottom VLCC.

Page 30: Top 50 Indian Companies

Construction: Essar is India's leading engineering, procurement and construction (EPC) contractor. Essar has special expertise in marine construction and pipelines. Essar has laid 2,500 km of pipelines and built 150 km of the prestigious Narmada canal. Essar is a well-known name in the field of infrastructure construction particularly in the areas of ports, jetties and roads.

Major Achievements of Essar GroupSet up India's first new generation independent power plant with a 515 MW combined cycle capacity at Hazira.

Built the world's largest gas-based sponge iron plant Pioneered the laying of offshore oil and gas pipelines in India Built India's first and longest island breakwater

Note: The above information was last updated on 21-07-2007

Essel Group is a giant conglomerate with diverse business interests. Essel Groups business interests span media programming, broadcast & distribution, specialty packaging, entertainment, telecom and trading. Subhash Chandra is the founder of the Essel Group of Companies. The Group has several firsts to its credit such as launching the first private television channel in India and setting-up India's first laminated tube manufacturing facility.

Businesses of Essel Group

1. Media & Entertainment: In the filed of Media & Entertainment, Essel Group has business interest in Broadcasting & Content, Cable Distribution, DTH Television, Direct To Home, Films & Animation, and Print Media. Broadcasting & Content: Essel Group launched India's first private channel Zee TV in 1992. Today, Zee Network has 22 channels in its bouquet. It has a reach of more than 120 countries across 5 continents and access to more than 350 million viewers globally.

Cable Distribution: SitiCable Network Limited, a company of Essel Group, has the largest cable network in the country with a reach of 6.5 million homes. The company has taken a lead in Implementing CAS in India through its "Digital Headend In The Sky" project.

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Direct to Home: Essel Group started India's first DTH Television Broadcast Service through its brand DISH TV.

Films & Animation: Essel Group has one of the premier animation studios of the country, named Zica. It has produced India's first full length animation movie - "Bhagmati - The Queen of Fortunes.

Print: Essel Group in collaboration with Dainik Bhaskar has jointly promoted a company called Diligent Media Corporation which publishes English newspaper DNA - Daily News & Analysis.

2. Amusement & Theme Parks: Essel World is Asia's largest amusement park sprawled over 64 acres on the coastal Goral village in northwest Mumbai. Water Kingdom is a theme park located adjacent to Essel World. It provides international water park experience in India.

3. Gaming: Essel Group Company Playwin has introduced popular gaming formats Lotto and Thunderball in India. Play TV is India's first interactive gaming channel. It offers games and contests on a real time basis through SMS, emails and chat.

4. Telecom & IT: Essel Group is involved in following businesses in the filed of Telecom & IT

Data Center: Essel Group Company Cyquator provides a number of solutions designed to meet the different needs of business, such as firewall solution, Backup, DR solution etc.

Satellite: Essel Group company, ASCEL is a multi venture corporate providing nationwide retailing of TIME (Telecom, Information & Learning, Media, Entertainment) products & services, satellite and digital wireless communication ventures for provision of infrastructure, services and solutions among other initiatives.

Technology Enabled Services: Intrex India Limited, a public limited company of Essel Group has been set up to play a leading role in 'Financial Services Industry'.

5. Education: Zee Interactive Learning Systems Limited (ZILS) provides IT Educational Services through its Own and Franchised Network of Centers branded as Zed Career Academy. Zee has also set up a network of play schools under the brand Kid Zee.

6. Realty: Essel Group has entered real estate business through its company Fun Republic FEC. The company offers a wide variety of leisure, entertainment, gaming and shopping options under one roof. Fun Cinemas, a chain of multiplexes is also owned by this company. Another company Suncity Projects Private Limited, promoted by Essel, Action and Odeon Groups, is engaged in the development of international quality real estate infrastructure for shopping, commercial, leisure and housing activities.

7. Retailing: Essel Group company, Asian Sky Shop is India's leading telemarketing company.

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8. Packaging: Essel Propack Ltd promoted by Essel group is the World's largest packaging company dealing in laminated tubes. The company offers packaging solutions in the toothpaste, cosmetics, and pharmaceuticals sectors to top multinational customers.

Note: The above information was last updated on 21-07-2007

GAIL (India) Ltd. is India's principal gas transmission and marketing company.

GAIL is involved in all aspects of the Natural Gas value chain, which include: Exploration & Production, Processing, Transmission, Distribution and Marketing, and its related services. In a scenario where society is increasingly concerned about the impact of development on environment and Natural gas is one of most clean fuels available, GAIL has a critical role to play. GAIL is currently spearheading the move to a new era of clean fuel industrialization by creating a quadrilateral of green energy corridors that connect major consumption centres in India with major gas fields, LNG terminals and other cross border gas sourcing points.

GAIL (India) Ltd. was previously known as Gas Authority of India Ltd. It was set up by the Government of India in August 1984 to create gas sector infrastructure for sustained development of the natural gas sector in the country. During its short lifespan GAIL has achieved several major milestones.

Major Milestones of GAILThe 2800-km Hazira-Vijaipur-Jagdishpur (HVJ) pipeline became operational in 1991.

GAIL began its city gas distribution in Delhi in 1997 by setting up nine CNG stations, catering to the city's vast public transport fleet.

In 1999, GAIL set up northern India's only petrochemical plant at Pata.

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In 2001, GAIL commissioned world's longest and India's first Cross Country LPG Transmission Pipeline from Jamnagar to Loni.

GAIL became the first Infrastructure Provider Category II Licensee and signed India's first Service Level Agreement for leasing bandwidth in the Delhi-Vijaipur sector in 2001, through its telecom business GAILTEL.

Gas Authority of India was renamed GAIL (India) Limited on November 22, 2002.

GAIL's Business Portfolio includes: 5,800 km of Natural Gas high pressure trunk pipeline with a capacity to carry 130

MMSCMD of natural gas across the country. 7 LPG Gas Processing Units to produce 1.2 MMTPA of LPG and other liquid

hydrocarbons. 1,922 km of LPG Transmission pipeline network with a capacity to transport 3.8

MMTPA of LPG. 30 oil and gas Exploration blocks and 3 Coal Bed Methane Blocks. 13,000 km of OFC network offering highly dependable bandwidth for telecom

service providers. Joint venture companies in Delhi, Mumbai, Hyderabad, Kanpur, Agra, Lucknow,

Bhopal, and Pune, for supplying Piped Natural Gas (PNG) to households and commercial users, and Compressed Natural Gas (CNG) to the transport sector.

Participating stake in the Dahej LNG Terminal and the upcoming Kochi LNG Terminal in Kerala.

Presence in the CNG and City Gas sectors in Egypt through equity participation in three Egyptian companies: Fayum Gas Company SAE, Shell CNG SAE and National Gas Company SAE.

Stake in China Gas Holding to explore opportunities in the CNG sector in mainland China.

A wholly-owned subsidiary company GAIL Global (Singapore) Pte Ltd in Singapore.

Today, besides gas infrastructure GAIL has also diversified into Petrochemicals, Telecom and Liquid Hydrocarbons.

Major Achievements of GAIL Selected as the top Indian company in the Gas Processing, Transmission and

Marketing sector for the Dun & Bradstreet - American Express Corporate Awards 2006.

GAIL's Dahej-Vijaipur Pipeline Project won the Silver Medal in Mega Projects Category at the International Project Management Association Awards, 2006.

Received the Platts Global Industry Leadership Award 2005. Rated as one of the Best Employers in India by Hewitt Associates in 2004 Global Platts Survey No. 1 Company among global gas utilities in terms of Return

on Invested Capital (2002-03)

Note: The above information was last updated on 21-07-2007

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GMR Group is an upcoming corporate group in India with diverse business interests in Infrastructure and manufacturing sector. In Infrastructure sector, GMR Group has interests in Energy, Roads and Airports. In manufacturing sector, the group's activities span Sugar and Ferro alloys. GMR Group is also engaged in the fields of Education, Health, Hygiene and Sanitation, Empowerment & Livelihoods and Community-Based Programmes. The group was founded in 1978 by Shri G.M. Rao.

Business Interests of GMR Group

Energy: GMR Group operates three power plants: GMR Energy Ltd. in Mangalore, GMR Power Corporation Pvt. Ltd. in Chennai and Vemagiri Power Generation Ltd. in Andhra Pradesh. GMR's Mangalore Power plant uses environment friendly fuel and combined cycle gas turbine technology to achieve maximum thermal efficiency. The plant received the ISO 14001 and OHSAS 18001 certifications from Det Norske Veritas for its compliance with internationally-benchmarked environmental standards. GMR Power Corporation Pvt. Ltd operates a 200 MW power plant in Chennai and supplies the entire power to the Tamil Nadu State Electricity Board. Chennai plant too has received ISO 14001 and OHSAS 18001 certifications. Vemagiri Power Generation is a natural gas based thermal power plant with an installed capacity of 388.5 MW. Besides these power plants the GMR Group is developing three more power projects: GMR Badrinath Hydro Power Generation Pvt. Ltd. in Alaknanda, Uttarakhand, Kamalanga Power Project in Orissa and the Talong Power Project in Arunachal Pradesh.

Airport: GMR Group is developing a world-class Greenfield international airport in Shamshabad, Hyderabad and modernizing and expanding the Indira Gandhi International Airport in New Delhi. A consortium of GMR Infrastructure Malaysia Airports Holdings and Turkey's Limak recently bagged the contract to build Istanbul's second airport.

Roads: GMR Group has completed a 4 lane Highway between Tuni-Anakapalli on NH-5 in

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Andhra Pradesh for a distance of 60 km and the other between Tambaram-Tindivanam on NH-45 in Tamil Nadu for a distance of 93 km. The company has bagged four more projects. These include: 35 km Ambala-Chandigarh road project, 107 km Adloor-Yellareddy-Gundla Pochanpalli stretch , 58 km Thondapalli-Jadcherla project on NH-7 in Andhra Pradesh and the 71 km Tindivanam-Ulunderpet stretch on NH-45 in Tamil Nadu.

Agri-Business: GMR Group has a sugar plant located at Sankili in Srikakulam district of Andhra Pradesh and is setting up two more sugar plants in Karnataka.

Ferro Alloys: GMR Ferro Alloys and Industries Ltd has an ISO 9001 certified plant located in the Tekkali district of Andhra Pradesh. It manufactures internationally accepted high carbon ferro-chrome for the stainless steel industry.

The Godrej Group is one of the respected business houses of India. The group has diverse business interests ranging from engineering to personal care products. Companies operating under the Godrej Group are involved in a host of businesses - from locks and safes to typewriters and word processors, from refrigerators and furniture to machine tools and process equipment, from engineering workstations to cosmetics and detergents, from edible oils and chemicals to agro products. Godrej Group is also well-known for its philosophy and initiation of labour reforms.

The Godrej Group was established in 1897. Its founder, Ardeshir Godrej, was a staunch nationalist and believed that India cannot win freedom unless it is economically self-reliant. Beginning with security equipment and soaps, the group diversified into a wide variety of consumer goods and services.

Godrej Group Companies:

Godrej & Boyce Mfg. Co. Ltd.: Godrej & Boyce manufactures a spectrum of consumer products and industrial products. The Consumer products include Appliances (Refrigerators, Washing Machines, Air Conditioners, Microwaves, and DVD Players), Locks, Furniture, Security Equipment, Office Automation, Conferencing Solutions, and vending Machines. Industrial Products include Storage Solutions, Automated Warehousing, Material Handling Equipment, Process Equipment, Precision Components & Systems, Machine Tool Service, Electrical & Electronic, Tooling, and Construction Material & Services.

Godrej Consumer Products Ltd (GCPL): Godrej Consumer Products is a leading player in the Indian FMCG market with interests in personal, hair, household and fabric care segments. Godrej Consumer Products is the largest marketer of toilet soaps in the country with leading brands such as Cinthol, Fairglow, and Godrej No 1. The company is also leader in the hair colour category in India and offers a vast product such as Godrej Renew Coloursoft Liquid Hair Colours, Godrej Liquid & Powder Hair Dyes to Godrej Kesh Kala Oil, Nupur based Hair Dyes. Its liquid detergent brand Ezee is the market leader in its category.

Godrej Industries Ltd.: The company is India's leading manufacturer of oleochemicals. It also has major presence in food products such as refined oil and tetrapack fruit beverages.

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Geometric Software Solutions: It is a CMMI Level 5 Company and the leading PLM services provider.

Godrej Infotech: The company is engaged in the business of developing customized software solutions and implementing ERP, CRM, SCM software.

Godrej Agrovet: Godrej Agrovet is one of the largest producers and marketers of animal feeds and innovative agri-inputs India.

Godrej Sara Lee: It is a joint venture between the Godrej Group and Sara Lee Corporation, USA. The company is the world's largest manufacturer of home insecticides. Its brand HIT is very popular in India.

Godrej Efacec: The company provides warehousing, automated storage and retrieval system solutions.

Godrej Properties and Investments Limited (G.P.I.L): Godrej Properties provides meticulously planned townships at affordable prices.

The Godrej Group also has overseas establishments in Malaysia, Singapore, Vietnam, Oman, and Sharjah.

Major Achievements of Godrej Group: In 1897, Godrej Introduced the first lock with lever technology in India. In 1902, Godrej made the first Indian safe. In 1955, Godrej produced India's first indigenous typewriter In 1989, Godrej became the first company to introduce PUF ( Polyurethane Foam) Introduced India's first and only 100% CFC, HCFC, HFC free refrigerators

Page 37: Top 50 Indian Companies

HCL (Hindustan Computers Limited) is a leading global Technology and IT enterprise whose range of services spans Product Engineering and Technology Development, Application Services, BPO Services, Infrastructure Services, IT Hardware, Systems Integration, and Distribution of Technology and Telecom products in India. The HCL Enterprise comprises two companies listed in India: HCL Technologies and HCL Infosystems. HCL Technologies is the IT and BPO services arm focused on global markets, while HCL Infosystems deals in the IT, Communication, Office Automation Products & System Integration arm focused on the Indian market. Today, HCL has 45,000 employees of diverse nationalities, operating across 17 countries including 360 service centers in India. HCL has global partnerships with several leading Fortune 1000 firms, including several IT and Technology majors.

Shiv Nadar is the founder of HCL. He founded HCL in 1976 in a Delhi "barsaati". In 1978, HCL developed the first indigenous micro-computer at the same time as Apple and 3 years before IBM's PC. In 1980, HCL introduced bit sliced, 16-bit processor based micro-computer. In 1983, HCL Indigenously developed an RDBMS, a Networking OS and a Client Server architecture, at the same time as global IT peers. In 1986, HCL became the largest IT company in India. In 1988, HCL introduced fine grained multi-processor Unix-3 years ahead of "Sun" and "HP". In 1991, HCL entered into a joint venture Hewlett Packard and HCL-Hewlett Packard Ltd. was formed. The joint developed multi-processor Unix for HP and heralded HCL's entry into contract R&D. In 1997, HCL Infosystems was formed. In the same year HCL ventured into software services. In 1999, HCL Technologies Ltd issued an IPO and became a public listed company. In 2001, HCL BPO was incorporated and HCL Infosystems became the largest hardware company. In 2002, software businesses of HCL Infosystems and HCL Technologies were merged. In 2005, HCL set up first Power PC architecture design centre outside of IBM. In the same year HCL Infosystems launched sub Rs.10,000 PC. In 2006, HCL Infosystems became the first company in India to launch the New Generation of High Performance Server Platforms Powered by Intel Dual - Core Xeon 5000 Processor. Today, HCL has a turnover of over US$4billion.

Major Achievements of HCL Developed the first indigenous micro-computer in 1978. Indigenously developed an RDBMS, a Networking OS and a Client Server

architecture in 1983. In 1986, HCL becomes the largest IT company in India. HCL introduced fine grained multi-processor Unix-3 years ahead of "Sun" and

"HP".

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Hero Group is a multi-unit, multi-product, geographically diversified Group with myriad interests. Hero, is synonymous with two-wheelers in India and Group's other ventures include product designing, IT enabled services, finance and insurance etc. Hero Group ranks amongst the Top 10 Indian Business Houses. The Group today comprises of 20 companies, 300 ancillary suppliers, over 5,000 outlets, and has employee strength of more than 23,000.

The origins of Hero Group can be traced to 1956 when Hero Cycles Limited was established by Munjal brothers: Satyanand Munjal, Brijmohan Lall Munjal and O. P. Munjal. Before the establishment of Hero Cycles, which is the flagship company of the Hero Group, Munjal brothers were modest manufacturers of bicycle components. In 1961, Rockman Cycles Industries Limited established, which is today the largest manufacturer of bicycle chains and hubs. In 1963, Hero Group forayed into the international market with bicycle exports from India. In 1971, Highway Cycles was set up to meet the demands of Hero Cycles. It is today the largest manufacturer of single speed and multi-speed freewheels. In 1975, Hero Cycles Limited became the largest manufacturer of bicycles in India. In 1978, Majestic Auto Limited was formed and the Hero Majestic Moped was introduced. In 1981, Munjal Castings was established. In 1984, Hero Group started manufacturing motorcycles with the establishment of Hero Honda Motors Limited in joint venture with Honda Motors of Japan. In 1985, Munjal Showa Limited was established to manufacture shock absorbers and struts. In 1986, Hero Cycles Limited entered the Guinness Book of Records as the largest bicycle manufacturer in the World. In 1987, Hero Motors, a division of Majestic Auto Limited was set up in collaboration with Steyr Daimler Puch of Austria. In 1987, Gujarat Cycles Limited, presently known as Munjal Auto Industries Limited was established to manufacture and export state-of-the-art bicycles and allied products. In 1993, Hero Exports was established as the International Trading Division for Group and non-Group products. In 1995, Hero Corporate Services Limited was established as the service segment for the Hero Group Companies, ancillaries, suppliers, dealers and other associates. In 1998, Munjal Auto Components was established to manufacture gear shafts and gear blanks for motorcycles. In 2000, Hero Group diversified into IT and IT enabled services through its service segment - Hero Corporate Services Limited. In 2001, Hero Global Design established to offer engineering services in CAD/CAM/CAE related to New Product Development, Design, Engineering and Manufacturing. In 2002, Easy Bill was established to offer utility bill collection & retail services. In 2004, Hero Group forayed into retail insurance business with the establishment of NsurePlus. Today, Hero Group enjoys leadership position in all the business segments it has entered.

Major Achievements of Hero Group Hero Honda Motors is the World's largest manufacturer of two-wheelers. Hero Cycles Limited is a Guinness Book Record holder since 1986 as the world's

largest manufacturer of bicycles. Hero Honda is ranked number one in the two-wheeler category on Environmental

Performance by the Centre for Science and Environment. Group Chairman, Mr Brijmohan Lall Munjal received the coveted "Ernst & Young

Entrepreneur of the Year" award for 2001.

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Hindustan Lever Ltd (HLL) is India's largest Fast Moving Consumer Goods (FMCG) company. HLL's brands like Lifebuoy, Lux, Surf Excel, Rin, Wheel, Fair & Lovely, Pond's, Sunsilk, Clinic, Pepsodent, Close-up, Lakme, Brooke Bond, Kissan, Knorr-Annapurna, Kwality Wall's are household names across the country and span a host of categories, such as soaps, detergents, personal products, tea, coffee, branded staples, ice cream and culinary products. These products are manufactured over 40 factories across India and the associated operations involve over 2,000 suppliers and associates. Hindustan Lever Limited's distribution network comprises about 4,000 redistribution stockists, covering 6.3 million retail outlets reaching the entire urban population, and about 250 million rural consumers. HLL is also one of India's largest exporters. It has been recognised as a Golden Super Star Trading House by the Government of India. Presently, HLL has over 16,000 employees including over 1,200 managers. Its mission is to "add vitality to life." The Anglo-Dutch company Unilever owns a majority stake in Hindustan Lever Limited.

In the late 19th and early 20th century Unilever used to export its products to India. This process began in 1888 with the export of Sunlight soap, which was followed by Lifebuoy in 1895 and other famous brands like Pears, Lux and Vim soon after. In 1931, Unilever set up its first Indian subsidiary, Hindustan Vanaspati Manufacturing Company, followed by Lever Brothers India Limited (1933) and United Traders Limited (1935). The three companies were merged in November 1956 and the new entity that came into existence after merger was called as Hindustan Lever Limited. HLL offered 10% of its equity to the Indian public, and it was the first among the foreign subsidiaries to do so. Currently, Unilever holds 51.55% equity in the company while the rest of the shareholding is distributed among about 380,000 individual shareholders and financial institutions.

Brooke Bond entered Indian market in 1900 and in 1903 it launched Red Label tea in the country. In 1912, Brooke Bond & Co. India Limited was formed. Unilever acquired Brooke Bond through an international acquisition. Similarly, Lipton's link with India date back to 1898. Unilever acquired Lipton in 1972 and in 1977 Lipton Tea (India) Limited was incorporated. Pond's (India) had been in Indian market since 1947. It joined the Unilever ranks through an international acquisition of Chesebrough Pond's USA in 1986.

The liberalization of Indian economy in 1991 and subsequent removal of the regulatory framework allowed HLL to explore every single product and opportunity segment, without any constraints on production capacity. The 1990s witnessed a string of crucial mergers, acquisitions and alliances. In 1992, the erstwhile Brooke Bond acquired Kothari General Foods, with significant interests in Instant Coffee. In 1993, it acquired the Kissan business from the UB Group and the Dollops Ice-cream business from Cadbury India. In one of the most talked about events of India's corporate history, the erstwhile Tata Oil Mills Company (TOMCO) merged with HLL, effective from April 1, 1993. In July 1993, Brooke Bond India and Lipton India merged to form Brooke Bond Lipton India Limited (BBLIL). Brooke Bond Lipton India Limited launched Wall's range of Frozen Desserts in 1994 and by the end of the year, HLL entered into a strategic alliance with the Kwality Icecream Group families. BBLIL merged with HLL, with effect from January 1, 1996. HLL has also set up a subsidiary in Nepal, Nepal Lever Limited (NLL). The NLL factory manufactures HLL's products like Soaps, Detergents and Personal Products both for the domestic market and exports to India. In January 2000, as part of its divestment strategy, the government decided to award 74 per

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cent equity in Modern Foods to HLL. In 2002, HLL acquired the government's remaining stake in Modern Foods. In February 2007, the company has been renamed to "Hindustan Unilever Limited" to strike the optimum balance between maintaining the heritage of the Company and the future benefits and synergies of global alignment with the corporate name of "Unilever".

Page 41: Top 50 Indian Companies

Indian Oil Corporation Ltd. (IOC) is the flagship national oil company in the downstream sector. The IndianOil Group of companies owns and operates 10 of India's 19 refineries with a combined refining capacity of 1.2 million barrels per day. These include two refineries of subsidiary Chennai Petroleum Corporation Ltd. (CPCL) and one of Bongaigaon Refinery and Petrochemicals Limited (BRPL). The 10 refineries are located at Guwahati, Barauni, Koyali, Haldia, Mathura, Digboi, Panipat, Chennai, Narimanam, and Bongaigaon. Indian Oil's cross-country crude oil and product pipelines network span over 9,300 km. It operates the largest and the widest network of petrol & diesel stations in the country, numbering around 16,455.

Indian Oil Corporation Ltd. (IndianOil) was formed in 1964 through the merger of Indian Oil Company Ltd and Indian Refineries Ltd. Indian Refineries Ltd was formed in 1958, with Feroze Gandhi as Chairman and Indian Oil Company Ltd. was established on 30th June 1959 with Mr S. Nijalingappa as the first Chairman. In 1964, Indian Oil commissioned Barauni Refinery and the first petroleum product pipeline from Guwahati. In 1965, Gujarat Refinery was inaugurated. In 1967, Haldia Baraurii Pipeline (HBPL) was commissioned. In 1972, Indian Oil launched SERVO, the first indigenous lubricant. In 1974, Indian Oil Blending Ltd. (IOBL) became the wholly owned subsidiary of Indian Oil. In 1975, Haldia Refinery was commissioned. In 1981, Digboi Refinery and Assam Oil Company's (AOC) marketing operations came under the control of Indian Oil. In 1982, Mathura Refinery and Mathura-Jalandhar Pipeline (MJPL) were commissioned. In 1994, India's First Hydrocracker Unit was commissioned at Gujarat Refinery. In 1995, 1,443 km. long Kandla-Bhatinda Pipeline (KBPL) was commissioned at Sanganer. In 1998, Panipat Refinery was commissioned. In the same year, Haldia, Barauni Crude Oil Pipeline (HBCPL) was completed. In 2000, Indian Oil crossed the turnover of Rs l ,00,000 crore and became the first Corporate in India to do so. In the same year Indian Oil entered into Exploration & Production (E&P) with the award of two exploration blocks to Indian Oil and ONGC consortium under NELP-I. In 2003, Lanka IOC Pvt. Ltd. (LIOC) was launched in Sri Lanka. In 2005, Indian Oil's Mathura Refinery became the first refinery in India to attain the capability of producing entire quantity of Euro-III compliant diesel.

Major Achievements of Indian Oil CorporationCurrently India's largest company by sales.

Highest ranked Indian company in the prestigious Fortune 'Global 500' listing, at 135th position.

20th largest petroleum company in the world.

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Note: The above information was last updated on 21-07-2007

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Infosys Technologies is a leading Information Technology (IT) company which provides end-to-end business solutions that leverage technology. Infosys serves the client globally and as one of the pioneers in strategic offshore outsourcing of software services, it has leveraged the global trend of offshore outsourcing. Infosys helps large global corporations and new generation technology companies in building new products or services and in implementing prudent business and technology strategies in the contemporary dynamic digital environment.

Services offered by Infosys are: Application Development & Maintenance, Corporate Performance Management, Enterprise Quality Services Infrastructure Services Packages Application Services Product Engineering Systems Integration

Industries served by Infosys include: Aerospace & Defense Automotive Banking and Capital Markets Communication Services Consumer Packaged Goods Discrete Manufacturing Energy Healthcare High Technology Hospitality & Leisure Insurance Life Sciences Media & Entertainment Resources Retail Transportation Services Utility

Infosys was founded on July 2, 1981 by N.R. Narayan Murthy and six of his colleagues, namely, Nandan Nilekani, N. S. Raghavan, S. Gopalakrishnan, S. D. Shibulal, K. Dinesh and Ashok Arora. Narayan Murthy borrowed Rs.10,000 from his wife Sudha Murthy as seed capital for the company. In 1987 Infosys got its first foreign client, Data Basics Corporation from the United States and opened its first office in the USA. In 1993,

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Infosys became a public limited company and successfully completed IPO in India. In the same year Infosys received ISO 9001/TickIT certification. Infosys set up its first office in Europe in Milton Keynes, UK in 1996. In 1999, Infosys crossed $100 Million in annual revenue and was listed on NASDAQ. It was Indian company to be listed on NASDAQ. In the same year Infosys opened offices in Germany, Sweden, Belgium, and Australia. In 2000, Infosys crossed $200 Million in annual revenue. In 2004, Infosys crossed US $1 Billion in annual revenue. In 2006, Infosys completed 25 years of its existence and its revenues crossed $ 2 billion. Today Infosys has more than 50,000 employees and has presence in more than 20 countries across the world. Its corporate headquarters is in Bangalore.

Infosys follows highest standards of corporate governance. No relative of the founders is eligible to work in Infosys and all the employees including founders are to retire at the age of 60. Some of the persons occupying key positions in Infosys are: N. R. Narayan Murthy (Founder, Non Executive Chairman and Chief Mentor), Nandan Nilekani (Co-founder and Co-Chairman), S. "Kris" Gopalakrishnan (Co-founder, CEO and MD), and S. D. Shibulal (Co-founder and COO).

Major Achievements of Infosys First Indian company to be listed on NASDAQ First company to be awarded the "National Award for Excellence in Corporate

Governance" conferred by the Government of India in 2000. Rated Best Employer of India in a study by Business Today-Hewitt Associates in

2001. First rank in the Business World's survey of "India's Most Respected Company" in

2002.

Note: The above information was last updated on 21-07-2007

ITC Ltd is one of India's premier private sector companies with diversified presence in businesses such as Cigarettes, Hotels, Paperboards & Specialty Papers, Packaging, Agri-Business, Packaged Foods & Confectionery, Information Technology, Branded Apparel, Greeting Cards, Safety Matches and other FMCG products. Presently, ITC has a market

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capitalisation of nearly US $ 15 billion and a turnover of over US $ 4.75 billion. It employs over 21,000 people at more than 60 locations across India. ITC has been rated among the World's Best Big Companies, Asia's 'Fab 50' and the World's Most Reputable Companies by Forbes magazine, among India's Most Respected Companies by Business World and among India's Most Valuable Companies by Business Today.

ITC was incorporated on August 24, 1910 under the name of 'Imperial Tobacco Company of India Limited'. ITC had a humble beginning and in the initial days it used to operate from a leased office on Radha Bazar Lane, Kolkata. On its 16th birthday on August 24, 1926, ITC purchased the plot of land situated at 37, Chowringhee, (now renamed J.L. Nehru Road) Kolkata. Two years later company's headquarter building, 'Virginia House' came on that plot. Progressively the ownership of the company Indianised, and the name of the Company was changed to I.T.C. Limited in 1974. In recognition of the Company's multi-business portfolio encompassing a wide range of businesses, the full stops in the Company's name were removed effective September 18, 2001 and the Company was rechristened as 'ITC Limited'.

ITC is involved in following businesses:

Cigarettes: ITC is the market leader in cigarettes in India and has a wide range of popular brands such as Insignia, India Kings, Classic, Gold Flake, Silk Cut, Navy Cut, Scissors, Capstan, Berkeley, Bristol and Flake in its portfolio.

Packaging: ITC's Packaging & Printing Business is the country's largest convertor of paperboard into packaging. It was set up in 1925 as a strategic backward integration for ITC's Cigarettes business. It offers a variety of value-added packaging solutions for the food & beverage, personal products, cigarette, liquor, cellular phone and IT packaging industries.

Hotels: ITC entered the hotels business in 1975 with the acquisition of a hotel in Chennai which was rechristened Hotel Chola. Today ITC-Welcomgroup with over 70 hotels is one of the foremost hotel chains in India.

Paperboards: In 1979, ITC entered the Paperboards business by promoting ITC Bhadrachalam Paperboards. ITC's Paperboards business has a manufacturing capacity of over 360,000 tonnes per year and is a market leader in India across all carton-consuming segments.

Greeting, Gifting & Stationery: ITC's stationery brands "Paper Kraft" & "Classmate" are widely distributed brands across India. The Paperkraft designer stationery range consists of notepads & multi subject notebooks in hard, soft covers & multiple binding formats including spirals, wiros etc. ITC's Greeting & Gifting products include Expressions range of greeting cards and gifting products.

Safety Matches: ITC's brands of safety matches include iKno, Mangaldeep, VaxLit, Delite and Aim. The Aim is the largest selling brand of Safety Matches in India. ITC also exports premium brands to markets such as Europe, Africa and the USA.

Aggarbattis: ITC has launched Mangaldeep brand of Aggarbattis with a wide range of fragrances like Rose, Jasmine, Bouquet, Sandalwood, Madhur, Durbar, Tarangini, Anushri, Ananth and Mogra. Mangaldeep is also being exported to USA, UAE, Bahrain, Nepal, Singapore, Malaysia, Oman and South Africa.

Lifestyle Retailing: ITC entered the Lifestyle Retailing business with the Wills Sport range of international quality relaxed wear for men and women in 2000. The Wills Lifestyle chain of

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exclusive stores later expanded its range to include Wills Classic formal wear (2002) and Wills Clublife evening wear (2003). In 2002, ITC entered into the popular segment with its men's wear brand, John Players. In 2005, ITC introduced Essenza Di Wills, an exclusive line of prestige fragrance products.

Food: ITC made its entry into the branded & packaged Foods business in August 2001 with the launch of the "Kitchens of India" brand. In 2002 it expanded into Confectionery, Staples and Snack Foods segments. ITC's brand in Food category include: Kitchens of India, Aashirvaad, Sunfeast, Mint-O, Candyman, and Bingo!.

Agri Exports: ITC's International Business Division (IBD) is the country's second largest exporter of agri-products. ITC exports Feed Ingredients (Soyameal), Foodgrains (Rice, Wheat, Pulses), Coffee & Spices, Edible Nuts, Marine Products, and Processed Fruits.

e-choupal: The e-Choupal model of ITC has been very effective in tackling the challenges posed by the unique features of Indian agriculture, characterised by fragmented farms, weak infrastructure and the involvement of numerous intermediaries, among others. ITC's e-Choupal won the Stockholm Challenge 2006 award is for using information technology for the economic development of rural communities.

Jaypee Group is an infrastructure conglomerate with diverse business interests

ranging from Engineering and Construction, Cement, Private Hydropower,

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Hospitality, Information Technology, and Real Estate Development to Expressways and Highways.

The founder of Jaypee Group is Jaiprakash Gaur, who started as a civil contractor in 1958. In 1979, Jaiprakash Associates Private Ltd (JAPL) was formed. In 1980, Jaypee Group entered into Hospitality sector and set up Hotels Siddharth and Vasant Continental. In 1983, Jaypee Rewa Cement Plant (JRCL) was established with an initial capacity of 1 million tones. In 1986, Jaiprakash Industries Limited (JIL) was formed by amalgamating JAPL into JRCL. In 1992, Jaiprakash Hydro Power Ltd (JHPL) and Jaiprakash Power Venture Ltd. (JPVL) were formed. In 1996, Jaypee Bela Cement Plant (JBCP) was established with an initial capacity of 1.9 million tones. In 2000, JRCL and JBCP were merged to form Jaypee Cement Ltd. (JCL). In 2003, Jaiprakash Associates Ltd. (JAL) was formed by merging JIL with JCL. In 2005, shares of JHPL were listed on BSE/NSE and JHPL became the first Hydropower company to be publicly held and listed in India.

Business Interests of Jaypee Group

Civil Engineering: Jaiprakash Associates Ltd., the flagship company of the Group, is a pioneer in construction of river valley and hydropower projects on turnkey basis in India. Jaypee Group has executed 13 Hydropower projects spread over 6 states of India and neighbouring Bhutan to generate 10,290 MW of power.

Hydropower: Jaypee Group ventured into hydropower in 1992, with the formation of Jaiprakash Hydro Power Ltd (JHPL) and Jaiprakash Power Venture Ltd. (JPVL). The group has undertaken following hydroprojects: Baspa Hydro - Electric Project Stage II (300 MW) on the river Baspa, in Kinnaur district of Himachal Pardesh; Vishnu Prayag, 400MW project on the river Alaknanada; and Karcham Wangtoo 1000 MW project.

Cement: Jaypee Group is the 4th largest cement producer in the country. It produces Ordinary Portland Cement and Pozzolana Portland Cement under the brand names "Buland" and "Buniyad". The group has plants at Rewa, and Bela. Jaypee Group is poised to achieve cement production capacity of 20 MTPA by the year 2009.

Hospitality: Jaypee Group owns and operates four Five Star Deluxe hotels through a subsidiary company, Jaypee Hotels Limited. These hotels are: Hotel Siddharth and Hotel Vasant Continental in New Delhi, Hotel Jaypee Palace Agra, and Jaypee Residency Manor, Mussoorie.

Real Estate Development: Jaypee Group is developing real estate in Greater Noida. Its property, Jaypee Greens, is spread over an area of 450 acres. It comprises golf resorts, villas, townhouses, penthouses, condominiums, studio

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apartments, commercial complexes and shopping malls.

Expressways & Highways: Jaypee Group is constructing the prestigious 160 km long Expressway with Six lane access that would connect the historical city of Agra with Greater Noida.

Information Technology: Jaypee Group Company JIL Information Technology Limited (JILIT) specializes in: Hardware & Networking, Multimedia Services & Software, and Enterprise Resource Planning.

Thermal Power: Jaypee Group has formed a Joint Venture company with Madhya Pradesh State Mining Corporation Limited (MPSMCL) to undertake coal production and sale of coal from coal block/blocks which might be allotted to MPSMCL. The company is called Madhya Pradesh Jaypee Minerals Limited. The company has plans to set up 1000 MW Thermal Power Plant in Madhya Pradesh.

Transmission System: Jaiprakash Hydro-Power Limited has plans to venture into the development of transmission systems with the Power Grid Corporation of India Ltd (PGCIL).

Major Achievements of Jaypee GroupJaypee Group is the largest private sector hydro power producer in India with an installed capacity of 700 MW.

Sardar Sarovar Dam being executed by the group is the third largest in the world for volume of chilled concrete to be placed -nearly 7 million cum.

Indira Sagar a 1000 MW Power house is the second largest surface power house in the country.

Nathpa Jhakri a 1500 MW Power House is the largest underground power house in India.

Tehri Dam is the third tallest rockfill dam in the world, and the largest in Asia involving placement of over 25 million cum of all types of fill material.

Note: The above information was last updated on 21-07-2007

Jindal Steel is amongst the largest corporate groups in India. Jindal Group is presently a US $5 billion conglomerate and ranks fourth amongst the top Indian Business Houses in terms of assets. Jindal Steel is one of the largest steel producers in India with 12 plants in India and 2 in USA.

O.P. Jindal is the founder of Jindal Group. He started by trading in steel pipes in Nalwa, a village in the present-day Haryana. In 1952, O.P. Jindal set up the group's first factory at Liluah, near Calcutta for the manufacturing of steel pipes, bends and sockets. Soon thereafter, he set up a similar manufacturing unit at Hisar. In the early 1960s Jindal Steel

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achieved a breakthrough when it developed India's first 100% indigenous pipe mill at Hisar. In 1970, O.P. Jindal established Jindal Strips Limited and set up a mini steel plant at Hisar to manufacture coils and plates through the electric and furnace route. Since then, Jindal Steel has not looked back and has gone from strength to strength. Today, the group has developed into a multi-faceted organization with revenues in excess of US $5 billion.

Companies of Jindal Group

Jindal Stainless Ltd.: Jindal Stainless is the largest integrated stainless steel producer in India and the flagship company of the Jindal Group. It is an ISO: 9001 & ISO: 14001 company. Jindal Stainless Ltd. has plants at Hisar and Vizag and is setting up a Greenfield integrated Stainless Steel project in Orissa with capacity of 1.6 million tones per annum. Jindal's plant at Hisar is India's only composite stainless steel plant for the manufacture of Stainless Steel Slabs, Blooms, Hot rolled and Cold Rolled Coils, 60% of which are exported worldwide. At Vizag, Jindal has a Ferro Alloy Plant with an installed capacity of 40,000 metric tones per annum.

Jindal Steel & Power Ltd: JSPL is one of the leaders in Steel Manufacturing and Power Generation in India. JSPL is the largest private sector investor in the State of Chhattisgarh with a total investment commitment of more than Rs. 10,000 crores. It is also setting up a 6 million tonne steel plant in Orissa with an investment of Rs. 13,500 crores and a 6 million tonne steel plant in Jharkhand with an investment of Rs. 15,000 crores. Jindal Power Limited, wholly owned subsidiary of JSPL, is setting up a 1000 MW O P Jindal Super Thermal Power Plant at Raigarh, with an investment of over Rs. 4500 crores. JSPL has also ventured into exploration and mining of high value minerals and metals, like diamond, precious stones, gold, platinum group of minerals, base metals, tar sands etc.

JSW Steel Limited: JSW Steel Ltd is a fully integrated steel plant having units across Karnataka and Maharashtra producing from pellets to colour coated steel. JSW was founded in1982, when the Jindal Group acquired Piramal Steel Ltd which operated a mini steel mill at Tarapur in Maharashtra. The Jindals, renamed it as Jindal Iron and Steel Co Ltd (JISCO) now known as JSW Steel Limited (Downstream). In 1994, to achieve the vision of moving up the value chain and building a strong, resilient company, JISCO promoted Jindal Vijayanagar Steel Ltd (JVSL) now known as JSW Steel Limited (Upstream).

Larsen & Toubro Limited (L&T) is a vertically integrated engineering and construction conglomerate with additional interests in manufacturing, services and Information Technology. L&T is one of the largest companies in India's private sector and has an international presence, with a global spread of offices. In fact it can be aptly called as an Indian multinational. Nearly 18 per cent of L&T's total revenue comes from overseas earnings.

Larsen & Toubro is one of few organizations in Indian corporate sector that is truly professionally managed. L&T was founded as a partnership firm in 1938 in Mumbai by two Danish engineers, Henning Holck-Larsen and Soren Kristian Toubro. They had arrived in India as representatives of the Danish engineering

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firm F L Smidth & Co in connection with the merger of cement companies that later grouped into the Associated Cement Companies. In 1944, Engineering Construction Corporation Limited (ECC) as incorporated as wholly owned subsidiary of Larsen & Toubro Limited. L&T was converted into a limited company on February 7, 1946. Starting with the import of machinery from Europe, L&T rapidly took on engineering and construction assignments of increasing sophistication. Today, L&T is a pioneer in engineering projects in terms of scale and complexity.

The various business groups of L&T are:

Engineering & Construction - Projects: L&T has an enviable track record of successful implementation of turnkey projects in major core and infrastructure sectors. L&T's core competencies in engineering include highly qualified and experienced personnel from various disciplines, state-of-the-art 2-D and 3-D CAD facilities with sophisticated plant design systems and basic engineering capabilities. L&T is the only Indian EPC company pre-qualified for executing large, process-intensive projects for oil & gas, refinery, petrochemical and fertiliser sectors.

Heavy Engineering: L&T has been among Indian corporate sector in introducing new processes, products and materials in manufacturing. It is acknowledged as one of the top five fabrication companies in the world and has globally-benchmarked workshops are located in Mumbai, Hazira, Baroda and Kansbahal.

Construction: ECC, the Engineering Construction & Contracts Division of L&T, is India's largest construction organization. It is credited with building some of India's famous landmarks such as exquisite buildings, tallest structures, largest industrial projects, longest flyovers, highest viaducts, longest pipelines etc.

Electrical & Electronics: L&T is a major international manufacturer of a wide range of electrical and electronic products and systems. In the electrical segment, L&T is India's largest manufacturer of low tension switchgear. In the electronic segment, L&T offers a wide range of meters and provides complete control and automation systems for diverse industries.

Information Technology: L&T Infotech Limited, a 100 per cent subsidiary of L&T, caters to leading international companies across the globe and offers comprehensive, end to end software solutions and services with a focus on Manufacturing, BFSI and Communications & Embedded Systems.

Machinery & Industrial Products: L&T manufactures, markets and provides service support for critical construction and mining machinery such as surface miners, hydraulic excavators, aggregate crushers, loader backhoes and vibratory compactors.

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Achievements of L&TBuilt India's first indigenous hydrocracker reactor. Built the world's largest continuous catalyst regeneration reactor. Built the world's biggest fluid catalytic cracking regenerator. Built the world's longest product splitter. Built Asia's highest viaduct - Panvalnadi for the Konkan Railway. Built the world's longest LPG pipeline. Built the world's longest cross country conveyor.

Mahindra Group is one of the largest corporate groups of India. It is a US $4.5 billion conglomerate with employee strength of over 40,000. The group has diverse business interests such as automotive, farm equipments, infrastructure, information technology, hospitality, and financial services. Mahindra Group has global presence and it is ranked amongst Forbes Top 200 list of the World's Most Reputable Companies and in the Top 10 list of Most Reputable Indian companies.

The origins of Mahindra Group can be traced back to October 2, 1945 when Mahindra brothers J.C. Mahindra & K.C. Mahindra joined hands with Ghulam Mohammad, and Mahindra & Mohammad was set up as a franchise for assembling jeeps from Willys, USA. After India's independence in 1947, Mahindra & Mohammad changed its name to Mahindra & Mahindra. Ghulam Mohammad migrated to Pakistan post-partition and became the first Finance Minister of Pakistan. Since then, Mahindra Group has gone from strength to strength and today it has evolved into a giant group.

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Business Interests of Mahindra Group

Automotive Sector: Mahindra Group is the market leader in utility vehicles in India since inception. Mahindra also manufactures and markets utility vehicles and light commercial vehicles, including three-wheelers. Some of the famous automobile brands of Mahindra are: Scorpio and Bolero. Recently, Mahindra joined hands with French automobile major Renault to enter passenger car segment. It has launched a car called Mahindra Renault Logan.

Farm Equipment Sector: Mahindra is the largest producer of tractors in India and is among the top five tractor brands in the world. It has its own state-of-the-art plants in India, USA, China and Australia, and a capacity to produce 1,50,000 tractors a year.

Trade & Financial Services: Mahindra Intertrade Limited and its subsidiaries have specialized domain knowledge in imports and exports of commodities, domestic trading, marketing and distribution services. Mahindra Finance is one of the largest Non Banking Finance Companies in India with an asset base of about Rs. 5000 crores. Mahindra Insurance Brokers offer Life and Non-life Insurance plans to retail and corporate customers. Mahindra Steel Service Centre is the first steel service centre in the organised sector in India.

Infrastructure Development: Mahindra Group has interests in real estate, special economic zones, hospitality industry, infrastructure development, project engineering consultancy and design. Mahindra Holidays & Resorts is the leader in the lifetime holiday market in India. Mahindra Gesco is fastest growing Construction Company in India. Mahindra World City is developing and promoting India's first Integrated Business City. Mahindra Acres Consulting Engineers is a multidisciplinary engineering consultancy organization.

Information Technology: Mahindra Group entered into IT sector in 1986 when it formed a joint venture with British Telecommunications plc. The company was called Mahindra-British Telecom. The Company has recently changed its name to Tech Mahindra. Tech Mahindra is a leading provider of telecommunication solution and service industry world-wide. It is India's 8th largest software exporter.

Speciality Businesses: Mahindra Group companies such as Mahindra AshTech, Mahindra Defence, Spares Business Unit and Mahindra Logistics are into Speciality Businesses. Mahindra AshTech undertakes turnkey contract execution for Ash Slurry System and Travelling Water Screens. Mahindra Defence Systems looks after the requirements of India's defence and security forces. Mahindra Logistics provide complete logistics solutions to complex transportation needs of clients across the world.

Major Achievements of Mahindra Group Mahindra Group is one of the largest corporate groups of India. It is a US $4.5

billion conglomerate with employee strength of over 40,000. The group has diverse business interests such as automotive, farm equipments, infrastructure, information technology, hospitality, and financial services. Mahindra Group has global presence and it is ranked amongst Forbes Top 200 list of the World's Most Reputable Companies and in the Top 10 list of Most Reputable Indian companies.

The origins of Mahindra Group can be traced back to October 2, 1945 when Mahindra brothers J.C. Mahindra & K.C. Mahindra joined hands with Ghulam

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Mohammad, and Mahindra & Mohammad was set up as a franchise for assembling jeeps from Willys, USA. After India's independence in 1947, Mahindra & Mohammad changed its name to Mahindra & Mahindra. Ghulam Mohammad migrated to Pakistan post-partition and became the first Finance Minister of Pakistan. Since then, Mahindra Group has gone from strength to strength and today it has evolved into a giant group.

Business Interests of Mahindra Group

Automotive Sector: Mahindra Group is the market leader in utility vehicles in India since inception. Mahindra also manufactures and markets utility vehicles and light commercial vehicles, including three-wheelers. Some of the famous automobile brands of Mahindra are: Scorpio and Bolero. Recently, Mahindra joined hands with French automobile major Renault to enter passenger car segment. It has launched a car called Mahindra Renault Logan.

Farm Equipment Sector: Mahindra is the largest producer of tractors in India and is among the top five tractor brands in the world. It has its own state-of-the-art plants in India, USA, China and Australia, and a capacity to produce 1,50,000 tractors a year.

Trade & Financial Services: Mahindra Intertrade Limited and its subsidiaries have specialized domain knowledge in imports and exports of commodities, domestic trading, marketing and distribution services. Mahindra Finance is one of the largest Non Banking Finance Companies in India with an asset base of about Rs. 5000 crores. Mahindra Insurance Brokers offer Life and Non-life Insurance plans to retail and corporate customers. Mahindra Steel Service Centre is the first steel service centre in the organised sector in India.

Infrastructure Development: Mahindra Group has interests in real estate, special economic zones, hospitality industry, infrastructure development, project engineering consultancy and design. Mahindra Holidays & Resorts is the leader in the lifetime holiday market in India. Mahindra Gesco is fastest growing Construction Company in India. Mahindra World City is developing and promoting India's first Integrated Business City. Mahindra Acres Consulting Engineers is a multidisciplinary engineering consultancy organization.

Information Technology: Mahindra Group entered into IT sector in 1986 when it formed a joint venture with British Telecommunications plc. The company was called Mahindra-British Telecom. The Company has recently changed its name to Tech Mahindra. Tech Mahindra is a leading provider of telecommunication solution and service industry world-wide. It is India's 8th largest software exporter.

Speciality Businesses: Mahindra Group companies such as Mahindra AshTech, Mahindra Defence, Spares Business Unit and Mahindra Logistics are

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into Speciality Businesses. Mahindra AshTech undertakes turnkey contract execution for Ash Slurry System and Travelling Water Screens. Mahindra Defence Systems looks after the requirements of India's defence and security forces. Mahindra Logistics provide complete logistics solutions to complex transportation needs of clients across the world.

Major Achievements of Mahindra GroupMahindra & Mahindra made the first indigenous Jeep in the country in 1949.

Fourth largest tractor company in the world. Largest manufacturer of tractors in India. Largest manufacturer of MUVs, offering over 20 models

Nestle India is a

subsidiary of Nestle S.A. of Switzerland. Nestle India manufactures a variety of food products such as infant

food, milk products, beverages, prepared dishes & cooking aids, and chocolates & confectionary. Some of

the famous brands of Nestle are NESCAFE, MAGGI, MILKYBAR, MILO, KIT KAT, BAR-ONE, MILKMAID,

NESTEA, NESTLE Milk, NESTLE SLIM Milk, NESTLE Fresh 'n' Natural Dahi and NESTLE Jeera Raita.

Nestle was founded in 1867 in Geneva, Switzerland by Henri Nestle. Nestle's first product was "Farine

Lactee Nestle", an infant cereal. In 1905, Nestle acquired the Anglo-Swiss Condensed Milk Company.

Nestle's relationship with India started 1912, when it began trading as The Nestle Anglo-Swiss Condensed

Milk Company (Export) Limited, importing and selling finished products in the Indian market.

After independence, in response to the then economic policies, which emphasized local production, Nestle

formed a company in India, namely Nestle India Ltd, and set up its first factory in 1961 at Moga, Punjab,

where the Government wanted Nestle to develop the milk economy. In Moga, Nestle educated and advised

farmers regarding basic farming and animal husbandry practices such as increasing the milk yield of the

cows through improved dairy farming methods, irrigation, scientific crop management practices etc. Nestle

set up milk collection centres that ensured prompt collection and paid fair prices. Thus, Nestle transformed

Moga into a prosperous and vibrant milk district.

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In 1967, Nestle set up its next factory at Choladi (Tamil Nadu) as a pilot plant to process the tea grown in

the area into soluble tea. Nestle opened its third factor in Nanjangud (Karnataka) in 1989. Thereafter,

Nestle India opened factories in Samalkha (Haryana), in 1993 and two in Goa at Ponda, and Bicholim in

1995 and 1997 respectively. Nestle India is now putting up the 7th factory at Pant Nagar in Uttarakhand.

Today, Nestle is the world's largest and most diversified food company. It has around 2,50,000 employees

worldwide, operated 500 factories in approximately 100 countries and offers over 8,000 products to millions

of consumers universally.

NIIT Group is a leader in software and services sector. NIIT services enterprises and individuals

in 42 countries with its wide ranging Learning Solutions. NIIT Group comprises two companies: NIIT Technologies. & NIIT Limited. NIIT Technologies offers a vast portfolio of IT solutions to customers spread across North America, Europe, Asia Pacific and Australia. NIIT Limited is a pioneer in the field of IT education and training.

NIIT was set up in 1981 by young Indian entrepreneurs. NIIT has pioneered the concept of high quality IT education in India and has trained one out of every three software professionals in the country. In 1982, NIIT set up education centres in Mumbai, Delhi, and Madras and followed them up with one in Bangalore in 1983. In the same year NIIT introduced Corporate training programs. In 1991, NIIT set up its first overseas office in US. In the same year IBM awarded NIIT its first CBT assignment. By 2000, NIIT has software operation in 18 countries. In 2001, NIIT was conferred Microsoft's 'Best Training Company Award'. In 2002, NIIT acquired three companies in the US and launched NIIT SmartServe for Business Process Management. In 2003, NIIT achieved CMMi Level 5 for software business. In 2004, NIIT's Global Solutions Business was spun off into NIIT Technologies Limited.

NIIT TechnologiesNIIT Technologies focus areas include application development and management, enterprise solutions, including managed services, and business process management. NIIT Technologies addresses the needs of well-defined industry segments such as Banking and Financial Services, Insurance, Transportation, Retail and Manufacturing. NIIT Technologies has alliances with global IT majors such as Computer Associates, IBM, Informatica, Metalogic, Microsoft, NetIQ, Oracle, SAP and SEEC.

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NIIT LimitedNIIT Limited's vast education network span over 30 countries in the Americas, Europe, Asia, Middle East, Africa and Australia/Oceania. NIIT provides both classroom and on-line learning. It ranks among the Top 20 Global IT Training Companies.

Major Achievements of NIITAdjudged Best Training Company by Users in Computer World opinion poll 2000.

Adjudged the "Best Microsoft Win2K Training Partner" 2000. Conferred Microsoft's 'Best Training Company Award' 2001 'Best Training Service Provider on .Net' award by Microsoft for its outstanding contribution. NIIT Technologies featured among the "Top 25 Great Places to Work" in the BusinessWorld

Survey-2003.

Nirma is one of the most recognizable Indian brands. Its story is a classic example of the success of

Indian entrepreneurship in the face of stiff competition. Nirma took on the might of giant multinationals and

wrote a new chapter in the Indian corporate history. Starting as a one-man operation in 1969, today,

Nirma has about 14, 000 employee-base and annual turnover of more than Rs. 25, 00 crores.

Founder of Nirma is Dr. Karsanbhai Patel, son of a small-time farmer and a qualified Science graduate. In

1969, the year he founded Nirma, Karsanbhai Patel was working as junior chemist in Government

laboratory. In the night Karsanbhai used to make detergent in the 100 Sq. Ft. back yard of his home, using

bare hands and bucket. In 1960s and 1970s, the domestic detergent market had only premium segment,

with very few players and was dominated by MNCs. After making the detergent Karsanbhai used to pack

it in polythene bag and sold it door-to-door. He priced the detergent at Rs. 3 per kg, when the available

cheapest brand in the market was Rs. 13 per kg. In a short span of time, with indigenous process,

packaging and low-profiled marketing, Nirma created an entirely new market segment in domestic

marketplace and quickly emerged as dominant market player. Nirma rewrote the marking rules and its

success story became one of the widely discussed case studies in the B-schools across the world.

In the 1980s Nirma catapulted Surf, which was a well-established detergent product by Hindustan Lever,

and occupied the top slot in the detergent products segment-a slot it has made its own. In 1990, Nirma

entered the toilet soap market and today it is the second largest toilet soap brand in India. Today, Nirma

has one of the largest volume sales with a single brand name in the world.

Products of Nirma:

1. Consumer Products

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Soaps: Nirma Bath Soap, Nirma Beauty Soap, Nirma Lime Fresh Soap, Nima Rose, Nima Sandal

Detergent: Nirma Washing Powder, Nirma Detergent Cake, Super Nirma Washing Powder, Super Nirma Detergent Cake, Nirma Popular Detergent Powder, Nirma Popular Detergent Cake

Salt: Nirma Shudh Scouring Products: Nirma Clean Dish Wash Bar, Nima Bartan Bar

2. Industrial Products: LAB (Linear Alkyl Benzene) AOS (Alfa Olefin Sulfonate) Sulfuric Acid Glycerin Soda Ash Pure salt Vacuum Evaporated Iodized Salt SSP ( Single Super Phosphate ) Sodium Silicate

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Novartis India Limited is a subsidiary of Novartis AG. Novartis AG is amongst the world's leading

pharmaceutical and consumer health companies. Novartis business operations comprise

pharmaceuticals, vaccines and diagnostics, generics, over-the-counter segment (OTC), and animal

health. Novartis has operations in 140 countries and its headquarter is in Basel, Switzerland.

The origin of Novartis is linked to the origin of three distinct companies: Geigy, Ciba, and Sandoz. The

history of Geigy goes back to the middle of the 18th century, Ciba was founded around 1860, and Sandoz

was set-up in 1886. In 1970 Ciba and Geigy merged to form Ciba-Geigy Ltd. Sandoz and Ciba-Geigy Ltd

continued as separate entities for the next 25 years. In 1996, in one of the largest corporate mergers in

history Sandoz and Ciba-Geigy Ltd. joined to form Novartis. In 1998, Novartis set-up the Novartis Institute

for Functional Genomics. In 2000, Novartis acquired the products Famvir and Vectavir/Denavir from

SmithKline Beecham. In 2001, Novartis Respiratory Research Centre, the largest of its kind in the world,

was opened in Horsham (UK). In 2003, Novartis united its generics businesses under one single global

brand: Sandoz. In 2005, Novartis and Astex Therapeutics formed an alliance to focus on novel cell cycle

anti-cancer drugs.

Products Developed by Novartis

Pharmaceuticals: Novartis Pharmaceuticals develops over 40 general and specialty prescription

medicines in 7 different therapeutic areas. Some of the popular pharmaceutical brands developed by

Novartis are Diovan, gleevec, LOTREL, ZOMETA, and LAMISIL.

Vaccines and Diagnostics: Novartis Vaccines provides a host of vaccines and conventional products to

combat viral and bacterial diseases across the globe.

Generics: Sandoz pharmaceuticals are generic bioequivalents of innovative, brand name products and

include retail generics, biopharmaceuticals and anti-infectives.

Animal Health: Novartis manufactures a number of products for pets and farm animals.

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Over the Counter Products: Novartis is leading manufacturer of self-medication products for the in-home

treatment and prevention of medical conditions and ailments.

NTPC Limited or National Thermal Power Corporation Ltd is the largest thermal power generating company of India. NTPC is the sixth largest thermal power generator in the world and the second most efficient utility in terms of capacity utilisation based on data of 1998.

NTPC was founded in 1975 to give boost to power development in the country as a wholly owned company of the Government of India. Presently, Government of India holds 89.5% equity in the company and the balance 10.5% is held by FIIs, Domestic Banks, Public and others. NTPC is engaged in engineering, construction and operation of power generating plants. It also provides consultancy in the area of power plant constructions and power generation to companies in India and abroad. NTPC was among the first Public Sector Enterprises to enter into a Memorandum of Understanding (MOU) with the Government in 1987-88. Since then, every year, NTPC has been placed under the 'Excellent category' (the best category). In recognition of its excellent performance and tremendous potential NTPC has been given the status of "Navratna" by the Government of India.

As on date, NTPC's total installed capacity is 27, 904 MW. NTPC's coal based power stations are at: Singrauli (Uttar Pradesh), Korba (Chattisgarh), Ramagundam (Andhra Pradesh), Farakka (West Bengal), Vindhyachal (Madhya Pradesh), Rihand (Uttar Pradesh), Kahalgaon (Bihar), NTCPP (Uttar Pradesh), Talcher (Orissa), Unchahar (Uttar Pradesh), Simhadri (Andhra Pradesh), Tanda (Uttar Pradesh), Badarpur (Delhi), and Sipat (Chattisgarh). NTPC's Gas/Liquid based power stations are located at: Anta (Rajasthan), Auraiya (Uttar Pradesh), Kawas (Gujarat), Dadri (Uttar Pradesh), Jhanor-Gandhar (Gujarat), Rajiv Gandhi CCPP Kayamkulam (Kerala), and Faridabad (Haryana). NTPC's Power Plants with Joint Ventures are located at Durgapur (West Bengal), Rourkela (Orissa), Bhilai (Chhattisgarh), and RGPPL (Maharastra).

Subsidiaries of NTPC

NTPC Electric Supply Company Ltd (NESCL): NESCL is a wholly owned subsidiary of NTPC. It was incorporated in August 2002 with the objective to acquire, establish & operate Electricity Distribution Network in various circles/cities across India. The company provides consultancy in the area of: Turnkey execution, Project monitoring, Quality Assurance and Inspection, and Third Party Quality inspection on the behalf of utility.

NTPC Vidyut Vyapar Nigam Ltd. (NVVN): It was formed to cater to and deal with the vast potential of power trading in the country and optimum capacity utilisation.

NTPC Hydro Limited (NHL): It was set up in December, 2002 to develop small and medium

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sized Hydro Electric Power Projects of up to 250 MW capacity.

Major Achievements of NTPCLargest thermal power generating company of India. Sixth largest thermal power generator in the world. Second most efficient utility in terms of capacity utilization. One of the nine PSUs to be awarded the status of Navratna. Provides power at the cheapest average tariff in the country.

ONGC (Oil and Natural Gas Corporation Limited) is India's leading oil & gas exploration

company. ONGC has produced more than 600 million metric tonnes of crude oil and supplied more than 200 billion cubic metres of gas since its inception. Today, ONGC is India's highest profit making corporate. It has a share of 77 percent in India's crude oil production and 81 per cent in India's natural gas production.

The origins of ONGC can be traced to the Industrial Policy Statement of 1948, which called for the development of petroleum industry in India. Until 1955, private oil companies such as Assam Oil Company at Digboi, Oil India Ltd (a 50% joint venture between Government of India and Burmah Oil Company) at Naharkatiya and Moran in Assam, and Indo-Stanvac Petroleum project (a joint venture between Government of India and Standard Vacuum Oil Company of USA) at West Bengal, were engaged in exploration work. The vast sedimentary tract in other parts of India and adjoining offshore were largely unexplored. In 1955, Government of India decided to develop the oil and natural gas resources in the various regions of the country as part of the Public Sector development. To achieve this objective an Oil and Natural Gas Directorate was set up in1955, as a subordinate office under the then Ministry of Natural Resources and Scientific Research.

The Industrial Policy Resolution of 1956 placed mineral oil industry among the schedule 'A' industries. In August 1956, to ensure efficient functioning of the Oil and Natural Gas Directorate, the Directorate was raised to the status of a commission with enhanced powers. In October 1959, the Commission was converted into a statutory body by an act of the Indian Parliament, which enhanced powers of the commission further. In 1960s, ONGC found new resources in Assam and established new oil province in Cambay basin (Gujarat). In early 1970s went offshore and discovered a giant oil field in the form of Bombay High. After liberalization in 1991, ONGC was re-organized as a limited Company under the Company's Act, 1956 in February 1994. Today, ONGC has grown into a full-fledged horizontally integrated petroleum company. Recently, ONGC has made six new discoveries, at Vasai West (oil and gas) in Western Offshore, GS-49 (gas) and GS-KW (oil and gas) in Krishna-Godavari Offshore, Chinnewala Tibba (gas) in Rajasthan, and Laipling-gaon (oil and gas) and Banamali (oil), both in Assam.

ONGC has a fully owned subsidiary, ONGC Videsh Ltd (OVL) that looks for exploration opportunities in other parts of the world. OVL is pursuing exploration of oil and gas in Russia, Iran, Iraq, Libya Myanmar and other countries. ONGC has also acquired 72% stake in MRPL with full management control of the 9.69 tonne, state-of-the-art refinery.

Major Achievements of ONGC Judged as Asia's best Oil & Gas company, as per a recent survey conducted by US-based

magazine 'Global Finance'

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Ranked as the 2nd biggest E&P company (and 1st in terms of profits), as per the Platts Energy Business Technology (EBT) Survey 2004.

Leads the list of Indian companies listed in Forbes 400 Global Corporates and Financial Times Global 500 by Market Capitalization.

Only fully-integrated petroleum company in India, operating along the entire hydrocarbon value chain.

Holds largest share of hydrocarbon acreages in India.

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Pantaloon Retail (India) Limited is India's leading retailer that operates multiple retail formats in both the value and lifestyle segment. Pantaloon has ushered a retail revolution in India and its founder Kishore Biyani is known as India's "King of Retail". Pantaloon's headquarter is in Mumbai. The company currently operates over 5 million square feet of retail space and has plans to increase it to 30 million sq. ft by 2011. Pantaloon has plans to open over 3000 new stores by 2010.

Pantaloon's origin can be traced to 1987 when the company was incorporated as Manz Wear Private Limited. The company launched Pantaloons trouser, India's first formal trouser brand. In 1992, Pantaloon launched its IPO. In 1994, The Pantaloon Shoppe - exclusive menswear store in franchisee format was launched across the country. Pantaloon started distribution of distribution of branded garments through multi-brand retail outlets across the nation. In 2001, Big Bazaar, India's first hypermarket chain was launched. In 2002, Food Bazaar, the supermarket chain was launched. In 2006, Future Capital Holdings, the company's financial arm launched real estate funds, "Kshitij" and "Horizon" and private equity fund "Indivision". The company is also planning forays into insurance and consumer credit.

Pantaloon Retail is the flagship company of Future Group. The lines of business of Future Group are:

E-commerce: Pantaloon's website Futurebazaar.com has revolutionized the e-commerce business in India. It offers a wide range of products at affordable prices. It has been named as Best Indian Website 2007 in the Shopping category by PC World.

Food: In food business, the group offers a host of options. Food Bazaar - a chain of large supermarkets; Brew Bar - a beer bar; café Bollywood - a national chain of eateries; Chamosa - a pan-Indian chain of snack counters, and Sports Bar - a bistro focused on the world of sports.

Fashion: The group offers a variety of options in fashion. Its brands include aLL, Blue Sky, Central, Etam, Fashion Station, Gini & Jony, Navaras, Pantaloons, and Top 10.

Home & Electronics: Options include: Collection i - a lifestyle furniture store; Electronics Bazaar - offers branded electronic goods and appliances; e-zone - trendiest electronics items; Furniture Bazaar - entire range of Home Furniture; Home Town - one stop destination for all the home needs.

Leisure & Entertainment: Options are: Bowling Co. - state-of-the-art premium family entertainment centre, offering multiple, novel and unique leisure and entertainment options; F 123 - offers a wide range of gaming options ranging from bowling and pool to redemption and interactive video games to bumper cars.

Wellness & Beauty: Options are: Health Village - a state-of-the art spa and yoga centre; Star & Sitara: Beauty salon for men and women; Tulsi - provides access to the best allopathic, ayurvedic and homeopathic medicinal products; Turmeric - offers beauty products like colour cosmetics, fragrances, herbal and specialty skin items, hair products and bath accessories.

Books & Music: Future Group's brand - "Depot" offers Books, CDs, and stationery items.

Major Achievements of Pantaloon Retail

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Chosen as International Retailer for the Year 2007 Chosen as Emerging Market Retailer of the Year 2007 Best Employers in India (Rank 14th) in the Hewitt Best Employers 2007 survey. Best Managed Company in India (Mid-cap) for the year 2006. Won Images Retail Awards 2006 for Best Value Retail Store, Best Retail Destination, and Best

Food & Grocery Store.

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Polaris Software Lab Ltd is one of India's leading software companies. Polaris has intimate understanding of the Money business and provides solutions and services to some of the world's leading giants in the money vertical. Polaris has expertise on Investment Banking, Retail Banking, Credit Cards, Corporate Banking, Life Insurance etc. Polaris has a strong global presence with Sales and Marketing and Development centers spanning across 22 locations in over 14 countries. Headquartered in Chennai (India), Polaris has operations in Canada, United States, United Kingdom, Germany, France, Switzerland, Ireland, Singapore, Australia, Saudi Arabia, Bahrain, UAE and Japan.

Polaris Software Lab Ltd was incorporated in 1993. Polaris started providing end to end retail banking solution for Citibank India in 1994. In 1995, Polaris' quality processes were aligned to SEI CMM Level 3. First overseas development center of Polaris was commissioned for Citibank in 1997. In the same year wholly-owned subsidiaries of Polaris were formed in US and Singapore. In 1998, Polaris formed a Wholly-owned subsidiary in UK. In the same year quality processes of Polaris were aligned to SEI CMM Level 4 and ISO 9001 certified. In 1998, Polaris Retail Infotech Ltd. formed in Chennai. In 1999, Polaris went public and was listed on the major stock exchanges. In 2000, wholly owned subsidiaries of Polaris were formed in Germany, Switzerland and Australia. In 2001, Polaris became the first company in the world to be assessed and certified CMMi Level 5. In the same year it formed wholly-owned subsidiaries in Japan and Ireland. In 2004, Polaris Software Lab Ltd. was 2004 BS7799 certified. In 2005, subsidiary of Polaris was incorporated in Canada, and in 2006 Polaris Software entered Belfast. Today, Polaris has more than 750 Domain experts and over 8500 associates.

Major Achievements of Polaris Software Lab Ltd:

World's first CMMi (Capability Maturity Model Integrated) Level 5 Certified company. CAGR of over 70%, the highest among all the IT organizations in India. BS7799 certified 22 relationship offices across 14 countries. More than 750 Domain Experts

Note: The above information was last updated on 21-07-2007

Page 65: Top 50 Indian Companies

Procter & Gamble Co. (P&G) is an American company based in Cincinnati, Ohio that manufactures a wide range of consumer goods. In India Proctor & Gamble has two subsidiaries: P&G Hygiene and Health Care Ltd. and P&G Home Products Ltd. P&G Hygiene and Health Care Limited is one of India's fastest growing Fast Moving Consumer Goods Companies with a turnover of more than Rs. 500 crores. It has in its portfolio famous brands like Vicks & Whisper. P&G Home Products Limited deals in Fabric Care segment and Hair Care segment. It has in its kitty global brands such as Ariel and Tide in the Fabric Care segment, and Head & Shoulders, Pantene, and Rejoice in the Hair Care segment.

Procter & Gamble's relationship with India started in 1951 when Vicks Product Inc. India, a branch of Vicks Product Inc. USA entered Indian market. In 1964, a public limited company, Richardson Hindustan Limited (RHL) was formed which obtained an Industrial License to undertake manufacture of Menthol and de mentholised peppermint oil and VICKS range of products such as Vicks VapoRub, Vicks Cough Drops and Vicks Inhaler. In May 1967, RHL introduced Clearsil, then America's number one pimple cream in Indian market. In 1979, RHL launches Vicks Action 500 and in 1984 it set up an Ayurvedic Research Laboratory to address the common ailments of the people such as cough and cold.

In October 1985, RHL became an affiliate of The Procter & Gamble Company, USA and its name was changed to Procter & Gamble India. In 1989, Procter & Gamble India launched Whisper - the breakthrough technology sanitary napkin. In 1991, P&G India launched Ariel detergent. In 1992, The Procter & Gamble Company, US increased its stake in Procter & Gamble India to 51% and then to 65%. In 1993, Procter & Gamble India divested the Detergents business to Procter & Gamble Home Products and started marketing Old Spice Brand of products. In 1999 Procter & Gamble India Limited changed the name of the Company to Procter & Gamble Hygiene and Health Care Limited.

P&G Home Products Limited was incorporated as 100% subsidiary of The Procter & Gamble Company, USA in 1993 and it launched launches Ariel Super Soaker. In the same year Procter & Gamble India divested the Detergents business to Procter & Gamble Home Products. In 1995, Procter & Gamble Home Products entered the Haircare Category with the launch of Pantene Pro-V shampoo. In 1997 Procter & Gamble Home Products launches Head & Shoulders shampoo. In 2000, Procter & Gamble Home Products introduced Tide Detergent Powder - the largest selling detergent in the world. In 2003, Procter & Gamble Home Products Limited launched Pampers - world's number one selling diaper brand.

Today, Proctor & Gamble is the second largest FMCG company in India after Hindustan Lever Limited.

Page 66: Top 50 Indian Companies

Ranbaxy Laboratories Limited is an integrated, research based, international pharmaceutical company, producing a wide range of quality, affordable generic medicines. Ranbaxy is ranked amongst the top ten global generic companies and has a presence in 23 of the top 25 pharma markets of the world. The company is headquartered in India. It has presence in 49 countries, with manufacturing facilities in 11 and a diverse product portfolio.

Ranbaxy was incorporated in 1961. Bhai Mohan Singh was the founder of the company. He bought the company from his cousins Ranjit Singh and Gurbax Singh. Ranbaxy's name is a fusion of Ranjit and Gurbax's names. Ranbaxy went public in 1973. Ranbaxy's first joint venture was set up in Lagos (Nigeria) in 1977. In 1985, Ranbaxy Research Foundation was established and Stancare, Ranbaxy's second pharmaceutical market division started functioning. In 1987, production started at Ranbaxy's Toansa Plant (Punjab) and with this Ranbaxy became India's largest manufacturer of antibiotics/antibacterials. In 1988, Ranbaxy's Toansa Plant got US FDA approval. In 1990, Ranbaxy was granted its first US patent, for Doxycyline. In 1993, Ranbaxy set up a joint venture in China. In 1994, Ranbaxy established regional headquarters in UK and USA. In the same year its GDR was listed in Luxembourgh Stock Exchange. In 1995, Ranbaxy acquired Ohm Laboratories, a manufacturing facility in the US and inaugurated state-of-the art new manufacturing wing at Ranbaxy's US subsidiary Ohm Laboratories Inc. In 1997, Ranbaxy crossed a sales turnover of Rs. 10,000 million.

In 1998, Ranbaxy entered USA, world's largest pharmaceutical market, with products under its own name. In the same year, Ranbaxy filed its first Investigational New Drug (IND) application with the Drugs Controller General OF India for approvals to conduct Phase 1 Clinical trials. In 1999, Ranbaxy commenced trials for its NCE. In 2000, Ranbaxy acquired Bayer's Generic business in Germany, and entered into Brazil, the largest pharmaceutical market in South America. In 2001, Ranbaxy set up a manufacturing facility in Vietnam. In 2003, Ranbaxy launched Cefuroxime Axetil after approval from USFDA. It was the first approval granted to any generic company for this product. In 2003, Ranbaxy and Glaxo SmithKline Plc entered into an alliance for drug discovery and development. In 2004, Ranbaxy acquired a wholly-owned subsidiary RPG (Aventis) SA and began operations in France as a Top 10 generic company. In 2005, Ranbaxy launched operations in Canada and acquired generic product portfolio from EFARMES of Spain. In 2006, Ranbaxy acquired Be Tabs pharmaceuticals of South Africa, unbranded generic business of GSK in Italy & Spain, and Terapia of Romania.

Major Achievements of Ranbaxy

India's largest pharmaceutical company. Received The Economic Times Award for Corporate Excellence for 'The Company of the Year

2002-2003'. Ranbaxy is among the elite club of Million Dollar Companies. Ranbaxy received India's first approval from USFDA for an Anti Retroviral (ARV) drug under the

U.S. President's Emergency Plan for AIDS Relief.

Note: The above information was last updated on 21-07-2007

Page 67: Top 50 Indian Companies

Reliance Anil Dhirubhai Ambani Group (Reliance ADAG) ranks among India's top three three private sector business houses. The group has a market capitalization of US$ 22 billion, net assets in excess of US$ 7 billion, and net worth to the tune of US$ 6 billion. Reliance Anil Dhirubhai Ambani Group has a customer base of over 50 million, the largest in India, and a shareholder base of over 8 million, among the largest in the world. R-ADAG has a business presence that is spread over 4,500 towns and 300,000 villages in India, and 5 continents across the world.

Reliance Anil Dhirubhai Ambani Group came into existence when the business empire of the Reliance Group founded by Dhirubhai Ambani was split between his two sons, Mukesh and Anil. Mukesh Ambani, the elder brother, retained Reliance Industries Limited (RIL), the flagship company of the Reliance Group. The part of the empire that was inherited by the younger brother Anil Ambani was christened as Reliance Anil Dhirubhai Ambani Group. Hence, one can say that the founder of Reliance ADAG was Dhrubhai Ambani. The interests of the Reliance Anil Dhirubhai Ambani span communications, financial services, generation, transmission and distribution of power, infrastructure and entertainment.

Companies of Reliance ADAG

Reliance Communications Limited: Reliance Communications Limited is the flagship company of the Reliance - ADA Group. The company is the culmination of Dhirubhai's dream of bringing about a digital revolution that will provide every Indian with affordable means of communication and a ready access to information. Reliance Communications Limited started operations in 1999 and has over 20 million subscribers today. It offers a complete range of integrated telecom services such as mobile and fixed line telephony, broadband, national and international long distance services, data services and a wide range of value added services.

Reliance Capital: Reliance Capital is one of India's leading private sector financial services companies. Reliance Capital deals in asset management and mutual funds, life and general insurance, private equity and proprietary investments, stock broking and other activities in financial services.

Reliance Energy Limited: Reliance Energy Limited is a fully integrated utility engaged in the generation, transmission and distribution of electricity. The company distributes more than 21 billion units of electricity to over 25 million consumers in Mumbai, Delhi, Orissa and Goa. Reliance Energy Limited currently generates 941 MW of electricity, through its power stations located in Maharashtra, Andhra Pradesh, Kerala, Karnataka and Goa. It is currently pursuing a number of gas, coal, wind and hydro-based power generation projects in Maharashtra, Uttar Pradesh, Arunachal Pradesh and Uttaranchal with total capacity of over 12,500 MW.

Reliance Media & Entertainment: Reliance Media & Entertainment has interest in Movies, Music, Sports, Gaming, Internet & mobile portals, Digital cinema, IPTV, DTH and Mobile TV. In 2005, Reliance ADA Group acquired Adlabs Films Limited, one of the largest entertainment companies in India, which has interests in film processing, production, exhibition & digital cinema. Reliance Entertainment has also forayed into the FM Radio business through BIG 92.7 FM.

Reliance Health: Reliance Health aims at providing integrated health services and plans to venture into diversified fields like Insurance Administration, Health care Delivery and Integrated Health, Health Informatics and Information Management and Consumer Health.

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Reliance Group is India's largest private sector enterprise with revenues in excess of US$ 25

billion. The group has diversified business interests in areas such as petrochemicals, textiles and retail. Reliance Group's flagship company, Reliance Industries Limited (RIL), is a Fortune Global 500 company and is the largest private sector company in India.

The Reliance Group was founded by the legendary Dhirubhai H. Ambani. In 1975, the company expanded into textiles. Dhirubhai Ambani introduced equity cult in India when Reliance went public with IPO in 1977. Since the launch of its IPO RIL has expanded rapidly and integrated backwards into other industry sectors, most notably the production of petrochemicals and the refining of crude oil. Dhirubhai led the evolution as a global leader in the materials and energy value chain businesses. Today, Reliance Group's activities range from exploration and production of oil and gas, petroleum refining and marketing, petrochemicals (polyester, fibre intermediates, plastics and chemicals) to textiles and retail. Reliance enjoys global leadership in its businesses. It is the largest polyester yarn and fibre producer in the world and among the top five to ten producers in the world in major petrochemical products. Presently, Reliance Group has more than 25,000 employees on its rolls and exports products in excess of US$ 15 billion to more than 100 countries in the world.

Business Interests of Reliance:

Petroleum Exploration and Production: Petroleum Exploration and Production is a major growth area for Reliance and Reliance intends to become a global energy major. RIL is the largest Oil & Gas acreage holder among the Private sector companies in India with 34 domestic exploration blocks covering an area of about 331,000 sq. km. It is also India's first private sector company in the Exploration and Production (E&P) sector to have discovered large gas reserves. RIL also has interests in one exploration block each in Yemen and Oman.

Petroleum Refining and Marketing: Reliance operates the third largest refinery in the world at any single location, with a capacity of 30 million tons per year of crude throughput, at Jamnagar, Gujarat. Reliance is in the process of doubling the petroleum refinery at Jamnagar, which will make it the largest petroleum refinery in the world. The products rolled out from Reliance refinery include: LPG, Propylene, Naptha, Reformate, Gasoline, TAME, Jet / Aviation Turbine Fuel / Superior Kerosene Oil, High Speed Diesel, Sulphur, and Petroleum Coke.

Pretrochemicals: Reliance deals in following petrochemical products: Polymer: Reliance's polymer business is integrated with its cracker facility at Hazira, as well as its refinery at Jamnagar, ensuring feedstock availability at all times. The company operates world-scale plants for Polyolefins and PVC with state-of-art technologies from global licensors like Novacor, Geon and Union Carbide.

Polyester: Reliance is the largest producer of polyester fibre and yarn in the world, with a capacity of 2,000 KTA.

Polyester Intermediates: Reliance is the world's 3rd largest producer of Paraxylene (PX), 6th largest producer of Purified Terephthalic Acid (PTA) and 5th largest producer of Mono Ethylene Glycol (MEG).

Textiles: Reliance textile products are sold under the brand names of Only Vimal, Harmony, Reance, RueRel and V2 (pre-cut, pre-packed products). Reliance's Naroda Textile Complex, one of India's

Page 69: Top 50 Indian Companies

largest and modern textile complexes, produces about 25 million metres of fabric both for domestic and international markets.

Retail: Reliance has recently entered the retail market and is aggressively working on introducing a pan-India network of retail outlets in multiple formats.

Major Subsidiaries & Associates of Reliance

Major Subsidiaries: Reliance Petroleum Limited Reliance Netherlands BV (including Trevira) Reliance Retail Limited Ranger Farms Private Limited Retail Concepts and Services Private Limited Reliance Retail Insurance Broking Limited Reliance Dairy Foods Limited Reliance Retail Finance Limited RESQ Limited Reliancedigital Retail Limited Reliance Service Solutions Limited Reliance Jamnagar Infrastructure Limited Reliance Haryana SEZ Limited Reliance Industrial Investment & Holdings Limited Reliance Ventures Limited Reliance Strategic Investments Limited Reliance Exploration & Production - DMCC Reliance Industries (Middle East) DMCC Reliance Global Management Services (P) Limited.

Major Associates: Indian Petrochemicals Corporation Limited Reliance Industrial Infrastructure Limited Reliance Europe Limited

Major Achievements of Reliance: The world's largest producer of Polyester Fibre and Yarn 4th largest producer of Paraxylene (PX) 5th largest producer of Purified Terepthalic Acid (PTA) 7th largest producer of Polypropylene (PP) Reliance's refinery at Jamnagar is the third largest refinery at a single location in the world. Reliance pioneered the first ever Euro Convertible Bond issue by an Indian company. Reliance is the first private sector company in India to be rated by international credit rating

agencies. First corporate in Asia to issue 50 and 100 years bond in US debt market. First private sector company in India to record a net profit of US dollar of over 1 billion.

Note: The above information was last updated on 21-07-2007

Page 70: Top 50 Indian Companies

Sahara India is a major Indian corporate group with diverse business interests that include: Finance, Infrastructure & Housing, Media & Entertainment, Tourism & Hospitality, Consumables, Manufacturing and Services & Trading. The group was founded in 1978 by Subroto Roy, with a capital of Rs. 2000, and today Sahara India has an asset base of over Rs. 50,000 crores.

Business Interests of Sahara India

1. Finance: In the field of finance, Sahara Group has interests in parabanking, life insurance, mutual funds, and housing finance.

Sahara India is a major Indian corporate group with diverse business interests that include: Finance, Infrastructure & Housing, Media & Entertainment, Tourism & Hospitality, Consumables, Manufacturing and Services & Trading. The group was founded in 1978 by Subroto Roy, with a capital of Rs. 2000, and today Sahara India has an asset base of over Rs. 50,000 crores.

Business Interests of Sahara India

1. Finance: In the field of finance, Sahara Group has interests in parabanking, life insurance, mutual funds, and housing finance.

Finance: In the field of finance, Sahara Group has interests in parabanking, life insurance, mutual funds, and housing finance.

Parabanking: Sahara India Financial Corporation Limited is India's largest mobilization company in the private sector with the highest yearly deposit. It is the first RNBC to be granted a certificate of registration by the RBI.

Life Insurance: Sahara India Life Insurance Company Ltd is the first wholly Indian-owned Life Insurance Company in the private sector.

Mutual Fund: Sahara Mutual Fund was established in 2005. Presently, it offers 7 schemes: 3 Equity schemes & 4 Debt schemes.

Housing Finance: Sahara Housingfina Corporation Limited was founded in August 2002. It commenced retail lending in May 2004. The company has four regional offices in Kolkata, Lucknow, Hyderabad and Mumbai and a branch each in Kolkata, Asansol, Siliguri, Lucknow, Gorakhpur, Pune, Hyderabad, Vijaywada and Mumbai.

2. Infrastructure & Housing: Sahara Infrastructure & Housing is India's largest realtor. It offers broad range of houses, commercial & retail spaces, office spaces and luxurious penthouses & villas. The company is building townships in 217 cities all over India.

3. Media & Entertainment: Sahara Group has interests in television, cinema, and newspaper. The group has an entertainment channel called Sahara One and a news channel by the name of Sahara Samay. Sahara One Motion Pictures is Hindi Cinema Production House with over 50 films in various stages of production. The group also publishes English, Hindi, and Urdu newspapers.

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4. Consumer Products & Retail Chain: Sahara India offers a range of consumer products and is developing one of the largest retail chains in India under the brand name Sahara Unique. Its product range include: Fashion & Lifestyle Products, Fitness & Leisure Products, Clothing, Jewellery etc.

5. Manufacturing: Sahara India is into jute manufacturing and development of handicraft industry.

6. Services & Trading: Sahara has one of the largest V-SAT network called Sahara Net. It has an extensive 6000 strong branch network with 24-hour on-line satellite connectivity. Sahara Care House offers a host of attractive services to the dependants of NRIs in India.

Note: The above information was last updated on 21-07-2007

Page 72: Top 50 Indian Companies

Satyam Computer Services Ltd is one of the leading global consulting and IT services company that offers

end-to-end IT solutions for a range of key verticals and horizontals. Satyam Computers has domain

expertise in verticals such as Automotive, Banking & Financial Service, Insurance & Healthcare,

Manufacturing, Telecom, Infrastructure, Media, Entertainment, and Semiconductors.

Satyam has nearly 40,000 employees on its rolls, working in development centers in India, the USA, the

UK, the UAE, Canada, Hungary, Singapore, Malaysia, China, Japan and Australia. Satyam Computers'

network is spread over 55 countries across 6 continents. Satyam serves over 558 global companies

including over 163 Fortune 500 corporations.

Satyam Computers was founded in June 1977 as a private limited company by Ramalinga Raju along with

one of his brothers-in-law, DVS Raju. In June 1991, Satyam Computers got its first Fortune 500 Client. In

the same year in August, Satyam Computers was recognized as a Public Limited Company. Satyam went

public in May 1992 and its issue was oversubscribed 17 times. In July 1993, Satyam entered into a joint

venture with Dun & Bradstreet. Satyam was awarded ISO 9001 Certification in March 1995. In December

1995, Satyam Infoway was incorporated. In May 1997, Satyam became the first Indian IT Company to get

ITAA Certification for Y2K Solutions. In November 1998, Satyam became one of the first companies to

enter Indian Internet service market with the launch of Satyam Infoway's ISP Service. In the same year

Satyam entered into a joint venture with GE. In 1999, Satyam Infoway became the first Indian Internet

company to be listed on NASDAQ. In February 2000 Satyam was declared one of '100 Most Pioneering

Technology Companies' by World Economic Forum, Davos. In May 2000 Satyam became the first

organization in the world to launch Customer-Oriented Global Organization training. In March 2001

Satyam became first ISO 9001:2000 Company in the world as certified by BVQI. In May 2001 Satyam was

listed on New York Stock Exchange. In 2003, Satyam announced business continuity center in Singapore,

the first of its kind outside India. In 2004, Satyam opened new development center in Mississauga,

Canada. In 2005 Satyam acquired 100% stake in Singapore based Knowledge Dynamics, a leading Data

Warehousing and Business Intelligence solutions provider.

Achievements of Satyam Computers:

\First Indian IT Company to get ITAA Certification for Y2K Solutions. Satyam Infoway is the first Indian Internet company to be listed on NASDAQ. Declared one of '100 Most Pioneering Technology Companies' by World Economic Forum, Davos

in the year 2000. First organization in the world to launch Customer-Oriented Global Organization training. First ISO 9001:2000 Company in the world as certified by BVQI. Ranked by the Brown-Wilson Group as the number two outsourcing vendor globally in the year

2006.

Page 73: Top 50 Indian Companies

Sterlite Industries (India) Ltd. (SIIL) is the principal subsidiary of the Vedanta Resources Group. Sterlite is

a leading producer of copper in India. It was the first company in India to set up a Copper Smelter and

Refinery in Private Sector and operate the largest capacity continuous Cast Copper Rod plants. Vedanta

Group is a London listed metals and mining major with Aluminium, Copper and Zinc operations in India

and Australia.

Sterlite Industries (India) Ltd. (SIIL) is involved in Mining, Smelting, and Refining. Sterlite Industries

operates one copper mine, Mount Lyell Mine, in Western Tasmania, Australia through its subsidiary

Copper Mines of Tasmania. Copper concentrates from Sterlite Industries copper mine is blended with

bought out concentrates from other sources and treated to get optimum results. The Smelter is based on

IsaProcess technology from MIM, Australia, world leaders in Copper smelting technology. The anode

produced by the smelters is processed in the Silvassa and Tuticorin refineries using IsaProcess

technology sourced from MIM, Australia. The Refineries convert Copper anodes to electrolytic grade

Copper cathodes of 99.99% purity.

Other companies of Vedanta Resource Group

Bharat Aluminium Company Ltd. (BALCO): It is a leading producer of aluminium in India. BALCO was

incorporated in the year 1965 as a Public Sector Undertaking (PSU). In the year 2001, Government of

India divested 51% equity and management control in favour of Sterlite Industries (I) Limited.

Hindustan Zinc Ltd (HZL): It is India's leading zinc producer. Hindustan Zinc Ltd. was created from the

erstwhile Metal Corporation of India on 10th January 1966 as a Public Sector Undertaking. In April 2002,

Sterlite acquired a 46% interest in HZL from the Government of India and the open market, and it became

a part of the Sterlite group. In August 2003, Sterlite acquired a majority state in HZL by acquiring another

18.9% interest from the Government of India.

The Madras Aluminium Company Ltd. (MALCO): It is a primary Aluminium producer in South India with

operations encompassing mining, refining, smelting and power generation. MALCO was established in

1965 at Mettur Dam, near the city of Salem, Tamil Nadu in collaboration with Montecatine of Italy. It was

taken over by the Sterlite group in 1995.

Konkola Copper Mines Plc (KCM): It is the largest mining and metals company in Zambia with annual

capacity of 200,000 metric tonnes of copper.

Copper Mines of Tasmania: Copper Mines of Tasmania extracts copper from Mount Lyell Mine, located

in Queenstown, Tasmania. First started in 1896, the mine was re opened by Copper Mines of Tasmania in

1995. Sterlite Industries acquired the company in 1999.

Page 74: Top 50 Indian Companies

Suzlon is a market leader in Renewable Energy Resources segment. It specializes in providing total

solutions in Wind Power Generation with cohesive integration of consultancy, design, manufacturing,

installation, operation and maintenance services. Currently, Suzlon is ranked as fifth leading wind turbine

manufacturer in the world. For its contribution in the wind energy sector, Suzlon has been awarded by the

World Wind Energy Association.

The origin of Suzlon Energy Limited can be traced back to 1995, when its founder Tulsi Tanti incorporated

the company and entered renewable energy segment. Suzlon started its journey with a small project to

supply wind turbine generators for a 3.34 MW windfarm project in Gujarat, India. Since then, Suzlon has

not looked back and today it ranks as the world's 5th leading, and India's and Asia's leading manufacturer

of wind turbines, with over 2,000 MW of wind turbine capacity supplied in India and across the world.

Suzlon has developed and implemented several large-scale windfarms throughout India. In Vankusavade,

Maharashtra Suzlon has developed a windfarm that is stretched over 29 km of rugged mountainous

terrain averaging over 1,000 meters above sea level. This windfarm has 566 WTGs and has an installed

capacity of over 205 MW. Vankusavade windfarm successfully demonstrated the viability of large, utility-

scale windfarms in India. In Sanganeri, Tamil Nadu, Suzlon is developing a windfarm with a planned

capacity of over 500 MW. Similarly, in Dhulia, Maharashtra, Suzlon is developing one of the largest

windfarms of its kind in the world with a planned capacity of over 1,000 MW once complete.

Suzlon has presence in all the major international markets. United States, the largest market for wind

energy worldwide forms Suzlon's largest market outside of India. Suzlon has also received major orders

from Australia, Brazil, China, Italy, Portugal and South Korea. In terms of global footprint, Suzlon's global

team is spread across four continents: Europe, North America, Asia, and Australia. Suzlon has its

international business headquarters in Denmark, Global Management Center in Netherlands, and

research and development centres in Germany, and Belgium. In North America, Suzlon has its US

corporate headquarters in Chicago, Illinois and has offices across the continent to provide marketing,

projects and service support. In Asia, Suzlon has presence in India and China. Suzlon's office in

Melbourne, Australia is responsible for sales, marketing, project implementation and service support for

the emerging Asia Pacific Market.

Major Achievements of Suzlon:

Fifth leading wind turbine manufacturer in the world with over 6% of market share. Won the Best Manufacturer by the World Institute of Sustainable Energy. Received the 'IPO of the Year' honor from the Euromoney and Ernst & Young-backed Renewable

Energy Finance Forum. Awarded by the World Wind Energy Association for its contribution in the wind energy sector.

Page 75: Top 50 Indian Companies

Tata Group is one of India's largest and most respected business groups. Tata Group's name is

synonymous with India's industrialisation. The Group gave India her first steel plant, hydro-electric plant, inorganic chemistry plant and created a reservoir of scientific and technological manpower for the country. Its Trusts have instituted the Tata Institute of Social Sciences in 1936; India's first cancer hospital, the Tata Memorial in 1941, and in 1945, the Tata Institute of Fundamental Research, which became the cradle of India's Atomic energy program. Today, Tata Group comprises 96 operating companies in seven business sectors: information systems and communications; engineering; materials; services; energy; consumer products; and chemicals. The Group has operations in more than 54 countries across six continents, and its companies export products and services to 120 nations.

Jamsetji Nusserwanji Tata laid the foundations of Tata Group when he started a private trading firm in 1868. In 1874, he set up the Central India Spinning Weaving and Manufacturing Company Limited and thus marked the Group's entry into textiles. In 1887, Jamsetji Tata formed a partnership firm, Tata & Sons, with his elder son Sir Dorabji Tata and his cousin Ratanji Dadabhoy Tata. His younger son Sir Ratan Tata joined the firm in 1896. In 1902, the Indian Hotels Company was incorporated to set up the Taj Mahal Palace and Tower, India's first luxury hotel, which opened in 1903. The Tata Iron and Steel Company (now known as Tata Steel) was established to set up India's first iron and steel plant in Jamshedpur. The plant started production in 1912. In 1910, Tata Hydro-Electric Power Supply Company, (now Tata Power) was set up. In 1917, Tata Oil Mills Company was established to make soaps, detergents and cooking oils. In 1932, Tatas entered aviation sector with the establishment of Tata Airlines. In 1939, Tata Chemicals, presently, the largest producer of soda ash in India, was established. In 1945, Tata Engineering and Locomotive Company (renamed Tata Motors in 2003) was established to manufacture locomotive and engineering products. In 1954, India's major marketing, engineering and manufacturing organisation, Voltas, was established. In 1962, Tata Finlay (now Tata Tea), one of the largest tea producers, was established. In 1968, Tata Consultancy Services (TCS), India's first software services company, was established as a division of Tata Sons. In 1970, Tata McGraw-Hill Publishing Company was created to publish educational and technical books. In 1984, Titan Industries, a joint venture between the Tata Group and the Tamil Nadu Industrial Development Corporation (TIDCO), was set up to manufacture watches. In 1996, Tata Teleservices (TTSL) was established to lead the Group's foray into the telecom sector. In 1998, Tata Indica, India's first indigenously designed and manufactured car, was launched by Tata Motors. In 2000, Tata Tea acquired the Tetley Group, UK. This was the first major acquisition of an international brand by an Indian business group. In 2001, Tata entered into insurance business in joint venture with Tata AIG. In 2007, Tata Steel acquired Corus the fifth largest steel company in the world.

Tata Group Companies

The two Promoter companies of Tata Group are: Tata Sons and Tata Industries. Tata Sons is the promoter of all key companies of the Tata Group and holds the bulk of shareholding in these companies. Tata Sons is the owner of the Tata name and the Tata trademark, which are registered in India and several other countries. Tata Industries was set up by Tata Sons in 1945 as a managing agency for businesses it promoted. Tata Industries' mandate was recast, in the early 1980s, to promote the Group's entry into new and high-tech areas.

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The rest of the Tata companies spread over seven sectors in which Tata Group operates are:

1. Engineering

(a) Automotive: Tata AutoComp SystemsSubsidiaries / associates / joint ventures: Automotive Composite Systems International, Automotive Stampings and Assemblies, Knorr Bremse Systems for Commercial Vehicles, TACO Engineering, TACO Faurecia Design Centre, TACO Hendrickson Suspension Systems, TACO Interiors and Plastics Division, TacoKunststofftechnik, TACO MobiApps Telematics, TACO Supply Chain Management, TACO Tooling, TACO Visteon Engineering Center, Tata Ficosa Automotive Systems, Tata Johnson Controls Automotive, Tata Toyo Radiator, Tata Yazaki AutoComp, TC Springs, Technical Stampings Automotive

Tata MotorsSubsidiaries / associates / joint ventures: Concorde Motors, HV Axels, HV Transmissions, Nita Company, TAL Manufacturing Solutions, Tata Cummins, Tata Daewoo Commercial Vehicles Company, Tata Engineering Services, Tata Precision Industries, Tata Technologies, Telco Construction Equipment Company

(b) Engineering Services Tata Projects TCE Consulting Engineers Voltas

(c) Engineering Products TAL Manufacturing Solutions Telco Construction Equipment Company TRF

2. Materials

(a) Composites Tata Advanced Materials

(b) Metals Tata Steel

Subsidiaries / associates / joint ventures: Hooghly Met Coke and Power Company, Jamshedpur Injection Powder (Jamipol), Lanka Special Steel, mjunction services, NatSteel, Sila Eastern Company, Tata Metaliks, Tata Pigments, Tata Ryerson, Tata Sponge Iron, Tata Refractories, Tayo Rolls, The Indian Steel and Wire Products, The Tinplate Company of India, TM International Logistics, Wires Division.

3. Energy(a) Power

Tata BP Solar India Tata Power

Subsidiaries / associates / joint ventures: Tata Ceramics, Tata Power Trading, North Delhi Power Limited

(b) Oil & Gas Tata Petrodyne

4. Chemicals

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Rallis India Tata Chemicals Tata Pigments

5. Services(a) Hotels and Realty

Indian Hotels (Taj group) Subsidiaries / associates / joint ventures: Taj Air , Roots Corporation (Ginger Hotels)

THDC

(b) Financial Services Tata AIG General Insurance Tata AIG Life Insurance Tata Asset Management Tata Financial Services Tata Investment Corporation

(c) Other Services Tata Quality Management Services Tata Services Tata Strategic Management Group

6. Consumer Products Infiniti Retail Tata Tea

Subsidiaries / associates / joint ventures: Tetley Group, Tata Coffee, Tata Tetley, Tata Tea Inc Tata Ceramics Tata McGraw Hill Publishing Company Titan Industries Trent

7. Information Systems and Communications(a) Information Systems

Nelito Systems Tata Consultancy Services

Subsidiaries / associates / joint ventures: APONLINE, Airline Financial Support Services, Aviation Software Development Consultancy, CMC, CMC Americas Inc, Conscripti, HOTV, Tata America International Corporation, WTI Advanced Technology

Tata Elxsi SerWizSol Tata Interactive Systems Tata Technologies

(b) Communications Tata Sky Tata Teleservices Subsidiaries / associates / joint ventures: Tata Teleservices (Maharashtra), Tata Internet Services VSNL Tatanet

(c) Industrial Automation

Page 78: Top 50 Indian Companies

Nelco Subsidiaries / associates / joint ventures: Tatanet

Note: The above information was last updated on 21-07-2007

TVS Group is one of India's oldest business groups. It is a giant conglomerate with presence in diverse

fields like automotive component manufacturing, automotive dealerships and electronics. Today, there are

over thirty companies in the TVS Group, employing more than 40,000 people worldwide and with a

turnover in excess of USD 2.2 billion.

TVS Group originated as a transport company in 1911. TV Sundaram Iyengar and Sons Limited is the

parent and holding company of the TVS Group. TV Sundram Iyengar and Sons Limited has the following

Page 79: Top 50 Indian Companies

three divisions:

TVS and Sons: TVS and Sons is the largest automobile distribution company in India. It distributes Heavy

Duty Commercial Vehicles, Jeeps and Cars. TVS and Sons represents premier automotive companies

like Ashok Leyland, Mahindra and Mahindra Ltd., and Honda. The company is also one of the leading

logistics solution providers and has set up state-of-the-art warehouses all over the country. TVS and Sons

has also diversified into distributing a range of Garage equipments.

Sundaram Motors: Sundaram Motors distributes Heavy Duty Commercial Vehicles, Cars, and auto spare

parts for several leading manufacturers. The company is also the dealer for Ashok Leyland, Honda, Fiat,

Ford and Mercedes Benz.

Madras Auto Service: Madras Auto Service distributes automotive spare parts for all leading

manufacturers.

Other major companies of TVS Group are:

TVS - Motor Company Limited: TVS Motor Company Limited is one of the largest two-wheeler

manufacturers in India. It manufactures Motorcycles, Mopeds, Scooterettes and Scooters.

TVS Electronics Limited: TVS Electronics was incorporated in 1986 in collaboration with Citizen Watch

Co. of Japan. The company manufactures a complete range of computer peripherals.

Axles India Limited: Axles India was promoted by Sundaram Finance, Wheels India and Eaton

Corporation for the manufacture of axles for medium and heavy duty commercial vehicles in India.

Brakes India Limited: Brakes India is a joint venture between TV Sundram Iyengar and Sons Ltd. and

Lucas Industries Plc., UK. The company manufactures braking equipment for automotive and non-

automotive applications.

Sundaram Polymers Division: Sundaram Polymers Division manufactures Engineering Plastic

compounds for various applications.

Harita Finance Limited: Harita Finance Ltd is a finance company under the TVS Group. It deals in retail

finance, hire purchase, leasing and bill discounting.

Harita Finance Limited: Harita Finance Ltd is a finance company under the TVS Group. It deals in retail

finance, hire purchase, leasing and bill discounting.

India Motor Parts and Accessories Limited: It is engaged in the distribution of automobile spare parts.

India Nippon Electricals Limited: It is a joint venture between Lucas Indian Service and Kokusan Denki

Co Ltd., Japan. The company manufactures Electronic Ignition Systems for two wheelers and portable

gensets.

IRIZAR TVS (P) Ltd: IRIZAR TVS (P) Ltd. is a joint venture between Sundaram Industries Ltd, Ashok

Page 80: Top 50 Indian Companies

Leyland Ltd and IRIZAR S. Coop of Spain. The company builds bus bodies for export and domestic

market.

Lakshmi Auto Components Limited: The company is a subsidiary of TVS-Suzuki. It manufactures

gears, crankshafts and connecting rods for TVS-Suzuki motorbikes and mopeds.

Lucas Indian Service: Lucas Indian Service is a wholly owned subsidiary of Lucas-TVS Ltd., engaged in

the sales and service of auto-electricals and fuel injection equipment.

Lucas - TVS Limited: Lucas-TVS, a joint venture between Lucas Varity group, UK and TVS Group, is a

leading manufacturer of auto electrical products and diesel fuel injection equipment in India.

Sundaram Brake Linings Limited: Sundaram Brake Linings is the leading manufacturer of brake linings

in India.

Sundaram-Clayton Limited: Sundaram - Clayton Ltd manufactures complete range of air brake

actuation system - compressors, actuators, valves, brake chambers, spring brakes, slack adjusters,

couplings, hoses, switches and vacuum boosters for light/medium and heavy commercial vehicles and

trailers. Foundry Division manufactures aluminum, gravity and pressure die-castings.

The

UB Group (United Breweries) Group is a multi-faceted conglomerate with business interests in Beverage

Alcohol, Pharmaceuticals, Media, International Trading, Aviation, Fertilizer, Research & Development, and

Infrastructure Development.

The UB Group was founded by a Scottish gentleman Thomas Leishman in 1915. The company used to

manufacture beer at that time and took its initial lessons in manufacturing beer from South Indian based

British breweries. In August 1947, Vittal Mallya became the company's first Indian director. A year later he

became the Chairman of the Group. United Breweries came into limelight by manufacturing bulk beer for

the British troops, which was transported in huge barrels. In 1950s and 60s, the group expanded rapidly

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and made several acquisitions. McDowell was added as one of the Group subsidiaries. This helped UB

Group to venture into wines and spirits business. Kingfisher, the Group's most visible and profitable brand,

made its entry in the sixties. Thereafter, the Group moved into agro-based industries and medicines when

it acquired Kissan Products and formed a long-term relationship with Hoechst AG of Germany to promote

Aventis Pharma.

After Vittal Mallya's death in 1983, his son Vijay Mallya assumed the mantle of the group. Vijay Mallya

inducted professional management and consolidating the Group into individual operating divisions. In

1988, UB Group acquired the global Berger Paints Group with operating companies across four

continents. The paints business was divested for significant value in 1996. After India adopted economic

liberalization in 1991, the UB Group decided to retain interests in only those businesses that were globally

competitive and did not depend upon fiscal tariff protection. Today, UB Group is the third largest

manufacturer of Spirits products in the world. In 2005, the Group entered aviation sector with the launch of

Kingfisher Airlines Limited. With in a short time the airlines has captured an impressive market share and

has established a niche identity for itself.

Business Interests of UB Group:

Beverage Alcohol: The UB Group is 3rd largest spirits marketer in the world, with overall sales of 60

million cases. The company offers 140 brands at varying price points. Some of the famous brands of the

UB Group are: Bagpiper Whisky, McDowell's No.1 Whisky, Director's Special Whisky, McDowell's No.1

Brandy and McDowell's Celebration Rum.

Pharmaceuticals: The group's company Aventis Pharma Limited is the second largest pharmaceutical

multinational in India. It develops and markets branded prescription drugs and vaccines.

Media: The UB Group also has a shareholding in Asian Age Holdings Ltd, the company that owns and

manages daily newspaper, The Asian Age.

International Trading: The Group's company UB Global Limited is a recognized export house engaged in

the export of Beer, Spirits, Leather Footwear and Processed Foods. The Company also exports

Pharmaceutical Products and customized perfumeries.

Fertilizer: Mangalore Chemicals & Fertilizers Limited is under UB Group's management. It has a

manufacturing capacity of 2,17, 800 MT of Ammonia and 3,80,000 MT of Urea.

Research & Development: Vittal Mallya Scientific Research Foundation (VMSRF) was established in

1987 with the objective of developing newer and novel technologies that will have substantial application

in industry and health care. The foundation is it is recognized by the Departments of Scientific & Industrial

Research (DSIR), Dept. of Biotechnology (DBT), Council for Scientific and Industrial Research (CSIR) and

the Ministry of Finance, Govt. of India.

Aviation: UB Group entered aviation sector in 2005 with the launch of Kingfisher Airlines Limited.

Kingfisher Airlines has captured an impressive market share and has established a niche identity for itself.

The airlines recently acquired 25% stake in Deccan Airlines.

Page 82: Top 50 Indian Companies

Videocon is an Indian multinational with interests in Consumer Electronics, Home Appliances,

Colour Picture Tube Glass, and Oil & Gas. Videocon was founded in 1987 by Nandlal Madhavlal Dhoot. At that time it used to manufacture TV and Washing Machine. In 1989-90, Videocon started manufacturing Home Entertainment Systems, Electric Motors & AC. Videocon entered Refrigerators and coolers segment in 1991. In 1995, Videocon started manufacturing Glass shells for CRT and in 1996 it ventured into Kitchen appliances and crude oil segment. In 1998, Videocon started manufacturing Compressors & Compressor Motors. In the year 2000, Videocon tookover Philips Color TV Plant. In 2005, Videocon tookover 3 plants of Electrolux India and acquired Thomson CPT. Today, it has evolved into a giant conglomerate with annual revenues of over U$4.1 billion.

Page 83: Top 50 Indian Companies

Business Interests of Videocon

Consumer Electronics & Home Appliances: Videocon enjoys leadership position in consumer products like Colour Televisions, Washing Machines, Air Conditioners, Refrigerators, Microwave ovens and numerous other home appliances. Videocon's refrigerator manufacturing enjoys synergy with its inhouse compressor manufacturing technology in Bangalore.

Display industry and its components: After the acquisition of Thomson in 2005, Videocon has emerged as one of the largest Colour Picture tube manufacturers in the world. It has plants in Mexico, Italy, Poland and China and manufactures a range of high-tech products such as slim CPT, extra slim CPT and High Definition 16:9 format CPT.

Colour Picture Tube Glass: Videocon is one of the largest CPT Glass manufacturers in the world. It has plants in Poland and India. Videocon's CPT Glass manufacturing complements its Colour Picture tube manufacturing business.

Oil and Gas: Videocon Group has interests in oil & gas exploration, prospecting and intends to get into gas distribution. It produces 7% of all oil in the private sector in India. Videocon's Ravva oil field has one of the lowest operating costs in the world and it produces 50,000 barrels of oil per day. Videocon is also actively looking for exploration and production opportunities in countries like Oman, Australia and the Timor Sea near Indonesia.

Major Achievements of Videocon Industries Ltd: The largest panel production facility in the world under one roof providing very high economies of scale

One of the world's largest and most respected CRT glass manufacturers Firing the largest furnace of its kind in the world with a tank size of 3300 sq ft One of the few companies in the world to convert sand to TV One of the largest and most acknowledged CPT manufacturer in the world Manufactured India's first rust-free Washing Machine

Wipro Technologies is a global services provider delivering technology-driven business

solutions. Wipro is the No.1 provider of integrated business, technology and process solutions on a global delivery platform. Azim Premji is the Chairman of Wipro Technologies. He took over the mantle of leadership of Wipro at the age of 21 in 1966. Under his leadership, the fledgling US$ 2 million hydrogenated cooking fat company has grown to a US$1.76 billion IT Services organization serving customers across the globe. Wipro is presently ranked among the top 100 Technology companies in the world. It has 66,000+ employees, serves 592 clients, and has 46 development centers across globe.

Wipro Technologies deals in following businesses: IT Services: Wipro provides complete range of IT Services to the organization. The range of services extends from Enterprise

Page 84: Top 50 Indian Companies

Application Services (CRM, ERP, e-Procurement and SCM) to e-Business solutions. Wipro's enterprise solutions serve a host of industries such as Energy and Utilities, Finance, Telecom, and Media and Entertainment.

Product Engineering Solutions: Wipro is the largest independent provider of R&D services in the world. Using "Extended Engineering" model for leveraging R&D investment and accessing new knowledge and experience across the globe, people and technical infrastructure, Wipro enables firms to introduce new products rapidly.

Technology Infrastructure Service: Wipro's Technology Infrastructure Services (TIS) is the largest Indian IT infrastructure service provider in terms of revenue, people and customers with more than 200 customers in US, Europe, Japan and over 650 customers in India.

Business Process Outsourcing: Wipro provides business process outsourcing services in areas Finance & Accounting, Procurement, HR Services, Loyalty Services and Knowledge Services. In 2002, Wipro acquiring Spectramind and became one of the largest BPO service players.

Consulting Services: Wipro offers services in Business Consulting, Process Consulting, Quality Consulting, and Technology Consulting.

Group Companies of Wipro: Wipro Infrastructure Engineering: It has emerged as the leader in the hydraulic cylinders and

truck tipping systems market in India. Wipro Infotech: It is one of the leading manufacturers of computer hardware and a provider of

systems integration services in India. Wipro Lighting: It manufactures and markets the Wipro brand of luminaries. Wipro Lighting

offers lighting solutions across various application areas such as commercial lighting for modern work spaces, manufacturing and pharmaceutical companies, designer petrol pumps and outdoor architecture.

Achievements of Wipro First Indian IT Service Provider to be awarded Gold-Level Status in Microsoft's Windows

Embedded Partner Program. World's largest independent R&D Services Provider. World's 1st PCMM Level 5 software company. World's 1st IT Services Company to use Six Sigma. The first to get the BS15000 certification for its Global Command Centre. Among the top 3 offshore BPO service providers in the world. Only Indian company to be ranked among the 'Top 10 Global Outsourcing Providers' in the IAOP-

Fortune Global 100 listings. First company in the world to be certified in BS 7799 (2002) security standards.

Note: The above information was last updated on 21-07-2007

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