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India's Companies

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India's Companies INDIA’S COMPANIES THESE COMPANIES HAVE THE RESILIENCE TO FACE CHALLENGING AND EVER-EVOLVING MARKET CONDITIONS, AND OUTPERFORM THEIR PEERS. THEY HAVE GROWN RAPIDLY, BUT WITHOUT COMPROMISING ON PROFITABILITY OR RETURNS, THUS FINDING A PLACE ON THE THIRD EDITION OF FORBES INDIA'S ANNUAL LIST OF SUPER 50 COMPANIES that 3M has invented, including AJANTA PHARMA 3M IN D IA * India-specific innovations such SHAREHOLDER RETURN:354 SHAREHOLDER RETURN:222 as surgical dressings that work SALES GROWTH: 18 SALES GROWTH: 12 well even in non-air-conditioned 40 19 environments. Last year, the Brothers Yogesh and Rajesh Be it Scotch-Brite or Magic Tape, company elevated Debarati Sen Agrawal have transformed the there will hardly be an urban to the post of managing director, beleaguered business, founded household in India, as in many making her one of the few women by their father and uncles in 1973, other parts of the world, that hasn’t in senior positions in private into one of India’s fastest growing used a 3M product. They, however, corporations. The Indian subsidiary generic pharmaceutical companies are unlikely to know the extent of of the Minnesota-based 3M is the by focusing on niche and specialty industrial material and technologies company’s fastest growing. generic drugs. Having established a firm hold on markets in Asia and Africa, Ajanta has trained its ADAM PORTS AND sight on the lucrative US market, SPECIAL ECONOMIC where its sales and filings of ZONE new drugs have risen sharply. SHAREHOLDER RETURN: 84 SALES GROWTH: 20 ALEMBIC n t 24 PHARMACEUTICALS India’s largest commercial SHAREHOLDER RETURN: 128 p o rts co m pa n y is building SALES GROWTH: 19 a transhipment port in 39 Vizhinjam, Kerala, which The 109-year-old, Vadodara-based will give India proximity to company, promoted by the Amin international shipping family, is one of the oldest pharma lanes—from Europe to the entities in the country. The current Persian Gulf and East Asia. generation—led by Pranav and The Adani group company Shaunak Amin—have transformed is also raising money to the enterprise into a modern maker expand its operations and of generic drugs, with a significant is re p o rte d ly in talks to presence in the US market through its acquire control of Gujarat own front-end. The success is also a Pipavav Ports Ltd, which result of operational improvements, w o uld add to its he ft in such as beefing up of supply Gautam Adani, chairman, Adani Group the containers business. chains and human resources. RAMF.SH RAMF.SH DAVE / MINT VIA GETTY IMAGES T'LDER RETURN 3-year | SALES GROWTH 3-year CAGR 3-year average I All figures in percent | # New Entrant I ffl Returnee 66 1 FORBES INDIA AUGUST 4,2017 a new growth area as well as hedge this microfinance pioneer is living against a possible move by dealers up to the mandate of financial AMARA RAJA BATTERIES towards big-box retailers. All indications inclusion for the poor, particularly SHAREHOLDER RETURN: 134 suggest the company is on track to women, which it started with as a SALES GROWTH: 20 increase its stock price at least as rapidly non-profit organisation. It is using 24 as it has done in the last decade. smartphone apps to bring digital Amara Raja Batteries is the market wallets and electronic transactions leader in the industrial battery to its customers and even those who segment, and is within touching AUROBINDO PIIARMA aren't its members. For instance, it is distance of unseating Exide SHAREHOLDER RETURN: 156 pilot-testing an Aadhaar-based digital Industries in the automotive battery SALES GROWTH: 23 payments feature in Humnabad taluk space. The company introduced 32 in Karnataka’s Bidar district to bring the concept of maintenance-free Established in 1986, it is among the ‘Digital India’ to those who truly need it. batteries in India and transformed top 10 pharma companies in India by the way batteries are sold. It built revenue. The drugmaker is a market capacity at the right time and leader in semi-synthetic penicillin, and BRITANNIA INDUSTRIES escaped the trap that fast-growing is present in therapeutic areas including SHAREHOLDER RETURN: 311 companies typically fall into—large neurosciences and cardiovascular SALES GROWTH: 10 debt and unutilised capacity. ailments. Around 70 percent of its 51 turnover come from global markets. Last year, Nusli Wadia's Britannia While analysts have preferred Industries opened its first research and Aurobindo for its diversified portfolio development centre at its headquarters and long product pipeline, they have in Bengaluru. Built at a cost of ?200 also expressed concerns over the crore, the facility will house analytical, com pany’s R&D quality and lack of sensory and m icrobiology labs. The significant launches in the US lately. company also continued to expand its product range and strengthened its BAJAJ FINANCE market dominance in the ?4,000-crore premium cookies space with the SHAREHOLDER RETURN:561 SALES GROWTH: 35 launch of Good Day Wonderfulls. * 21 The non-banking financial company from the Bajaj Group, under the C ADI LA HEALTHCARE leadership of Rajeev Jain, remains one Jay Galla, MD, Amara Raja Batteries SHAREHOLDER RETURN: 122 of the fastest growing in its segment, SALES GROWTH: 10 led by consumer finance, lending to Y 31 small and medium enterprises, and to This Ahmedabad-based drugmaker commercial and rural borrowers. As ASIIOK LEYLAND * is looking to double its sales of March 2017, its book size is more in the US, one of its largest SHAREHOLDER RETURN:281 than ?57,122 crore. Even in the post­ SALES GROWTH: 28 markets, to more than $1 billion. demonetisation phase, growth continues The company has a 20-acre 15 to be strong in the consumer durables India's second-largest commercial consolidated research facility, and personal loan segments. The stock in addition to multiple research vehicle manufacturer is reducing its markets have recognised this, with a dependence on the trucks business and sites and manufacturing plants in near-15 times increase in the stock price India and the US, which have US focusing on non-cyclical and profitable of Bajaj Finance in the past five years. sectors such as defence, spare parts and Food and Drug Administration exports. It is aggressively expanding approvals. Cadila is credited with and consolidating its presence across BERGER PAINTS INDIA launching India’s first new chemical India, the Middle East and Africa. SHAREHOLDER RETURN: 201 entities, and it aspires to become a Even as it continues to launch new SALES GROWTH: 9 research-led drugmaker by 2020. products, Ashok Leyland is ramping up 25 production of its India-made ‘Circuit’ After improving its market share, the electric bus. The com pany has posted Kolkata-headquartered paint company double-digit margins in the last 10 has now become the eountry’s quarters and a smooth transition to second largest. It has successfully BS IV emission norms and GST would managed to expand its popular home be critical for its immediate future. paint business as well as work on a fledgling insulation business. More recent innovations include a kind of ASIAN PAINTS paint for houses in desert regions, SHAREHOLDER RETURN: 105 which deflects dust particles. SALES GROWTH: 10 3 0 India’s largest paint com pany has, in BHARAT FINANCIAL the recent past, started entering allied INCLUSION # sectors such as kitchens, bathrooms and SHAREHOLDER RETURN: 274 furniture. While its dom inance in the SALES GROWTH: 4 4 Pankaj Patel, chairman and managing decorative paint segment is complete, 22 director, Zydus Cadila the company sees these sectors as Today, as a publicly listed business, JAY JAY G A LLA : MEXY XAVIER; PANKAJ PATEL: PRASAD GORI SHAREHOLDER RETURN: 3-year I SALES GROWTH: 3-year CAGR I RE f 3-year average I All figures in percent I » New Entrant 135 R etu rn e e AUGUST 4, 2017 FO RBES INDIA I 67 in d lv s S per 0 COMPANIES CHOLAMANDALAM EICIIER MOTORS INVESTMENT AND FINANCE SHAREHOLDER RETURN: 327 COMPANY SALES GROWTH: 5 SHAREHOLDER RETURN: 248 RETURN ON EQUITY: 34 SALES GROWTH: 13 The maker of the iconic Royal Enfield RETURN ON EQUITY: 17 motorbike has been continuously Cholamandalam Investment and investing in building capacity and Finance Company will be celebrating capabilities to meet surging demand. its 40th anniversary next year, having Earlier this year, it announced a started in 1978 as the financial services ^800-crore investment in FY18 that unit of South India’s Murugappa will go towards the opening of a third Group. Started as an equipment manufacturing-facility near Chennai, financing business, Cholamandalam is two technical centres in India and now a full-fledged financial services the UK, product development as provider, offering loans for housing, well as market expansion. Another small businesses and vehicles, T450 crore will go towards the and stock broking. This year, it is growth of VECV, the commercial expanding the use of a mobile app vehicle operations it runs as a joint * among its customers, in partnership venture with the Volvo Group. Siddhartha Lai, MD & CEO, Eicher Motors with mobile wallet provider Mavin, bringing digital access to small­ town India, where the bulk of the company’s branches are located. EMAMI HAVELLS INDIA SHAREHOLDER RETURN: 152 SHAREHOLDER RETURN: 165 CRISIL SALES GROWTH: 12 SALES GROWTH: 12 SHAREHOLDER RETURN: 63 RETURN ON EQUITY: 30 RETURN ON EQUITY: 22 SALES GROWTH: 12 Even in the face of fierce The company expanded its reach RETURN ON EQUITY: 35 competition from Patanjali, in India’s $15-billion consumer India’s largest ratings agency, which Emami Group, the Kolkata-based durables market with the was set up in 1987, is Standard & Poor’s conglomerate, has continued to acquisition of Lloyd Consumer majority-owned global analytics firm.
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