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Friday, June 6, 2008

Infosys and Tata among most reputed firms

Tata group has emerged as the world’s sixth most reputed company, but the country’s most valued firm Reliance Industries failed to make the grade. Tata group jumped over 100 positions from last year’s 124th rank in the annual Global 200: The World’s Best Corporate Reputations list, compiled by US-based Reputation Institute.

At least nine other Indian firms, which were among 600 companies considered in a survey to prepare the list, could not make it to the final 200. These firms include Mukesh Ambani-led RIL. Other Indian companies that were considered for the list, but failed to make the cut include the biggest private sector lender ICICI Bank, top private and public sector telecom firms Bharti Airtel and BSNL, IT giant Wipro, Birla group’s Grasim Industries, tobacco-to-consumer goods conglomerate ITC as well as two state-run firms — oil refining and marketing major BPCL and national carrier Air India Ltd.

While releasing its latest report, Reputation Institute said that Tata group and Air India have the strongest and weakest corporate reputations respectively among the companies from India. Besides Tata and Infosys, other firms that made to the top 200 list include, Maruti Udyog (Suzuki) Ltd, State Bank of India, Hindustan Lever Ltd, Hero Honda Motors, Life Insurance Corp of India, Bajaj Auto, ONGC, Mahindra & Mahindra and Indian Oil Corporation. Both Tata and Infosys have gained over 100 spots each to join the top tier of global companies.

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