New Delhi: IT majors Infosys and Tata Consultancy Services (TCS) have emerged as the most reputed corporates in India while Tata Motors, Tata Steel and Hindustan Unilever have tied for the second place, according to global consultancy firm TNS’ latest Corporate Reputation Index..
The largest car maker in the country Maruti Udyog gets the third highest number of votes on the index. The report also says that India’s progress is led by the growth of the IT sector followed by the FMCG and Petroleum based industries
“Corporate reputation is assuming increasing importance in today’s business, economic and social environment. As corporate behaviour is increasingly under scrutiny and corporate valuations go beyond financial performance parametres, it is considered to be a measure of confidence in the organisation and goes much beyond market capitalization and brand equity,” TNS said in a statement.
The corporate reputation index represents stakeholder expectations and experiences with the company and its services, processes, management and systems.
The study reflects views of financial community and senior and middle business managers in the industry. It also includes expectations of opinion leaders which comprise of senior bureaucrats, academicians and media personalities.
A total of 70 leading companies across various sectors were selected for the study conducted in the last quarter of previous fiscal.
While all top five companies figure in lead rankings across all stakeholder groups, the leaders in the respective stakeholder segments include some more corporate houses.