ITC replaces TCS as India's most admired company

FMCG giant ITC is India's most admired company, followed by engineering major L&T and Hindustan Unilever Ltd, according to a list compiled by Fortune India with global management consultancy Hay Group.

ITC scored the highest on parameters such as corporate governance, endurance, social impact, product quality and employee empowerment.

"This year, two criteria in particular, corporate governance and social impact, separated the Top 10 from the rest of the winners.

ITC has topped the list by displacing group company TCS in 2014," Hay Group India Country Head Sridhar Ganesan said.

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Second-ranked L&T has been rated highest on leadership. Leadership was one off the ten parameters based on which most admired companies were ranked.

Last year too, heavy engineering and construction major L&T featured in the list.

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FMCG major HUL has been rated highest on investment, talent development, product quality, leadership, innovativeness and global footprint.

Last year too HUL featured in Fortune India's most admired companies list. The latest survey findings affirm HUL's strong position on the above mentioned parameters.

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Auto major Maruti Suzuki also features in the list

"Peer admiration, especially on qualitative parameters is always difficult. And that's really what the survey boils down to; are you good enough for your equals to respect you," Fortune India Editor D N Mukerjea said. 

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India's largest public sector bank State Bank of India is also among the top ten list. 

The rankings have taken into account various factors such as corporate governance, innovativeness, CSR and leadership.

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Tata Group company TCS has slipped down to sixth position as compared to last year.

Considering uncertain business environment prevalent these days, TCS has managed create shareholder value through good leadership and talent management practices.

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Coca Cola also features in the top ten list as its report card on corporate reputation is very good that involves more than just profits and performance.

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Handset maker Samsung is also one among the top ten companies.

The company is known for its long-term investment, global competitiveness and quality of products.

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One more Tata Group firm Tata Motors is among the most admired companies.

The firm is known for its quality of management, social responsbility, people management and innovation.

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State-run ONGC also features in the list.  

Around 443 respondents participated to rank their peers across a scale of ten parameters like corporate governance, endurance, impact on society, investment value, product /service quality, innovation, quality of leadership, talent development, employee empowerment and business footprint.

In the second phase, 84 respondents evaluated the top 45 companies on the basis of the same parameters.