Tata Chemicals honoured with Dun & Bradstreet – Rolta Corporate Awards 2008
Dun & Bradstreet (D&B), the world’s leading provider of global business information, knowledge and insight, recently announced the Dun & Bradstreet - Rolta Corporate Awards 2008. The awards felicitated 52 of India’s leading corporate names across sectors. The occasion also marked the launch of the ninth edition of Dun & Bradstreet’s premier publication, India’s Top 500 Companies 2008.
The D&B - Rolta Corporate Awards 2008, closely tied to D&B’s study on India’s Top 500 Companies 2008, seek to recognise the twin virtues of size and growth in corporate India.
The selection procedure to identify the top companies in each sector is based on a proprietary financial model, developed by Dun & Bradstreet India, which is based on the premise of recognising the twin virtues of size and growth of companies. Financial aggregates were identified to fulfill this premise and weights were assigned to each. The final ranking of the companies was based on a composite score of these weighted parameters. The eight parameters considered in ranking the companies for the awards include: total income, net profit, net worth, net profit margin, return on net worth, average market capitalisation for FY08, growth in total income and growth in net profit.
Speaking at the occasion, PK Ghose, executive director, Tata Chemicals, said, “We thank Dun & Bradstreet and Rolta India for honoring TCL with this award. This award not only recognises our leadership position in the chemicals and fertilisers space, but also acknowledges our commitment to our investors and stakeholders. Receiving such accolades encourages us to raise our performance bar on a consistent basis.”
Presenting the Dun & Bradstreet – Rolta Corporate Awards 2008, David Emery said, “51 new companies have made it to the 'Top 500' companies list in this year’s edition. This clearly underscores the growth opportunities that the Indian economy has provided over the past three years, opportunities that have been eagerly grabbed by these ambitious and innovative companies. On the other hand, as many as 31 of the 52 sectoral winners have retained their pole position from the last round of the corporate awards. This is indeed commendable – particularly as we see a world around us that is changing so quickly. I would like to congratulate all the award winners tonight as well as all those companies that have featured in the top 500.”