Finance Minister P Chidambaram will give away the 'Businessworld Most Respected Company Awards' for 2004 in Mumbai on Friday.
This year's awards, being presented by McDowell's Signature, will cover companies across 17 sectors.
"This year we have added three new sectors information technology enabled services, insurance and auto ancillaries. These sectors are witnessing rapid growth and so we have made them stand-alone sectors," Businessworld editor D N Mukherjea said.
Besides the title trophy, companies will also contest for three special categories-the most ethical company, the most globally competitive company and the most dynamic company.
The awards are based on peer-perception survey the most respected company survey being carried out by Indian Market Research Bureau on the basis of 19 different parameters, he said.
He said this year's award is based on the survey covering over 1,200 senior executives and "go beyond quantitative parameters of companies like profitability and market share".
The ratings of companies are based on several parameters including overall quality, top management leadership, depth and quality of talent, ability to attract, manage and retain talent, ethics, transparency, social responsiveness,
environmental consciousness, quality of products/service provided and customer satisfaction.
In 2003, Infosys Technologies bagged the most respected company award followed by Hindustan Lever and Reliance Industries.
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