TCS, HDFC named Indias best managed companies
New Delhi: IT giant TCS and financial services major HDFC have been named as India`s two best managed companies in an annual poll conducted by Finance Asia magazine.
TCS and HDFC are followed by IT major Infosys, telecom giant Bharti airtel and PSU behemoth ONGC in the list of the top-five best managed companies in the country.
The report also named TCS`s Natarajan Chadrasekaran and ICICI Bank`s Chanda Kochhar as the two best CEOs of the country, while Infosys` V Balakrishnan and Tata Steel`s Koushik Chatterjee have been named the two best CFOs.
The results are a part of an annual poll conducted by Finance Asia to find the region`s best managed companies, based on votes from more than 300 investors and analysts across the region, the magazine said.
Other companies on the list of India`s best managed companies include SBI at 6th place and Page Industries at 7th position, while as many as four companies – Reliance Communications, Cadilla Healthcare, Tata Group and Tata Motors — were ranked at 8th position.
In terms of best corporate governance practices, Infosys has been ranked at the top, followed by HDFC, Wipro, Tata Group, ONGC, TCS, Bharti airtel, RCom and Tata Motors.
In terms of best investor relations, HDFC was on top, followed by Infosys, Wipro, Bharti airtel, ONGC, TCS, RCom, Reliance Industries and SBI.
Tata Steel has topped the list of best companies for corporate and social responsibility, followed by Tata Motors, Bharti airtel, ONGC, NTPC, SBI, RCom, Wipro and Infosys.
In terms of commitment to a strong dividend policy, Infosys has been ranked at the top, followed by Page Industries, HDFC, ONGC, Tata Group, GE Shipping, VST Industries, RCOM, ITC and Wipro.
The poll also named eClerx and Vardhman Textiles as the two best mid-cap companies in the country, while MM Forgings and SKF India were found to be the best small-cap companies.