Top 100 Profitable Companies.

qxd 10/16/2008 4:08 PM Page 2

BW
REAL
500 Top 100 Most Profitable Companies
Profit- BW Net profit Net Total Profit- BW Net profit Net Total
ability 500 / Total profit income ability 500 / Total profit income
rank rank Company income (Rs crore) (Rs crore) rank rank Company income (Rs crore) (Rs crore)
2008 (%) 2008 (%)

1 369 GVK Power & Infrastructure 76.54 90.99 118.88 51 166 Varun Shipping Co. 23.70 236.48 997.74
2 175 Indiabulls Real Estate 72.08 467.70 648.88 52 28* Power Finance Corp. 23.62 1,190.80 5,040.72
3 212 Financial Tech. (India) 70.94 961.26 1,355.07 53 21* Standard Chartered Bank 23.35 1,704.40 7,300.60
4 198 Anant Raj Inds 67.01 276.45 412.53 54 363 Prism Cement 23.34 241.60 1,035.19
5 79 HDIL 57.36 1,410.49 2,459.21 55 62 Ambuja Cements 22.92 1,638.20 7,147.54
6 343 Akruti City 53.73 255.27 475.13 56 405 Asian Hotels 22.86 118.78 519.69
7 51 NMDC 51.47 3,284.23 6,381.20 57 228 Gujarat State Petronet 22.81 102.02 447.28
8 451 Orissa Minerals Devp. Co. 49.29 148.73 301.77 58 443 Consolidated Construction 22.62 87.07 384.92
9 37 Hindustan Zinc 44.14 4,167.01 9,439.72 59 159 Aircel 22.52 235.35 1,044.93
10 26 DLF 42.47 2,574.52 6,061.61 60 106 Mundra Port & SEZ 22.48 196.27 873.15
11 296 Jaiprakash Hydro Power 41.48 144.89 349.31 61 103 Parsvnath Developers 21.99 390.01 1,773.80
12 478 Geodesic Information Syst. 40.98 110.38 269.34 62 203 Aban Offshore 21.82 159.64 731.47
13 150 Sesa Goa 40.21 1,490.75 3,707.07 63 22 Tata Consultancy Services 21.70 4,120.02 18,982.50
14 474 Orbit Corporation 39.46 166.63 422.23 64 220 Engineers India 21.36 180.77 846.46
15 443 Sun TV Network 39.20 360.37 919.38 65 95 Container Corp. of India 21.27 745.91 3,506.61
16 168 Oswal Chemicals & Fert. 38.14 240.52 630.65 66 160 Sterling Biotech 21.24 195.61 920.81
17 262 Gujarat Fluorochemicals 37.01 319.62 863.71 67 136 Glaxosmithkline Pharma. 21.04 389.57 1,851.92
18 80 Great Eastern Shipping Co. 36.25 1,051.43 2,900.34 68 129 Indian Hotels Co. 21.00 385.34 1,835.13
19 42 Unitech 34.71 1,030.85 2,969.73 69 342 Brigade Enterprises 20.94 103.43 493.94
20 253 Puravankara Projects 34.35 198.96 579.27 70 135 Omaxe 20.92 379.11 1,812.00
21 482 Kolte Patil Developers 33.62 127.90 380.43 71 359 Indraprastha Gas 20.60 172.76 838.68
22 245 Deccan Chronicle Holdings 33.20 272.30 820.25 72 123 Tech Mahindra 20.50 758.50 3,700.10
23 292 Nava Bharat Ventures 32.50 314.94 968.99 73 50 Satyam Computer Services 20.41 1,717.51 8,415.15
24 317 Divi’s Laboratories 31.83 335.88 1,055.30 74 141 Oracle Financial Services 20.40 375.81 1,842.16
25 16 Power Grid Corp. of India 31.62 1,604.57 5,074.07 75 18* Citibank N.A. 20.23 1,693.44 8,369.95
26 487 Mahindra Lifespace Devp. 31.27 68.78 219.96 76 261 Biocon 20.15 193.85 962.24
27 89 Sun Pharmaceutical Inds 30.33 1,013.62 3,341.60 77 8 Tata Steel 20.12 4,658.77 23,156.00
28 476 Godrej Properties 30.23 75.92 251.17 78 54 Jindal Steel & Power 19.97 1,248.49 6,252.35
29 389 Peninsula Land 29.56 114.89 388.69 79 6 NTPC 19.96 8,060.10 40,372.80
30 282 Rolta India 29.38 182.83 622.20 80 429 Praj Industries 19.71 151.76 770.02
31 288 IVR Prime Urban Developers 28.64 175.93 614.33 81 161 Amtek Auto 19.61 234.14 1,194.00
32 46 Neyveli Lignite Corp. 28.53 1,026.36 3,597.25 82 178 Birla Corp. 19.29 389.47 2,018.75
33 436 Cranes Software Intl 28.12 85.02 302.37 83 67 Tata Chemicals 19.12 929.36 4,860.83
34 467 Aircel Cellular 27.67 142.87 516.37 84 364 Powerlinks Transmission 19.05 47.43 248.95
35 79 HDFC 27.36 2,436.25 8,903.58 85 43 Suzlon Energy 19.02 1,345.94 7,077.37
36 52 National Aluminium Co. 27.16 1,637.46 6,028.65 86 14* Nabard 18.99 1,213.03 6,388.56
37 147 Patni Computer Systems 26.86 359.24 1,337.62 87 448 Mascon Global 18.80 53.62 285.22
38 229 Jai Corp. 26.37 120.47 456.91 88 214 Reliance Natural Resources 18.40 67.57 367.31
39 86 HCL Technologies 26.18 1,101.55 4,207.77 89 134 Dalmia Cement (Bharat) 18.23 346.32 1,899.73
40 151 Zee Entertainment Entp. 25.86 295.77 1,143.92 90 205 EIH 18.21 210.33 1,155.24
41 412 Plethico Pharmaceuticals 25.31 141.12 557.60 91 32 Grasim Industries 17.98 2,179.47 12,120.35
42 31 Infosys Technologies 25.16 4,108.83 16,330.82 92 53 Shipping Corp. Of India 17.75 710.18 4,000.43
43 43* IDFC 24.89 635.91 2,554.70 93 422 Hindustan Oil Expl. Co. 17.58 24.10 137.12
44 211 Glenmark Pharmaceuticals 24.85 354.67 1,427.38 94 126 Madras Cements 17.56 407.28 2,319.29
45 255 Great Offshore 24.73 179.73 726.83 95 444 Hexaware Technologies 17.51 91.73 523.74
46 185 Gujarat Mineral Devp. Corp. 24.71 256.21 1,036.66 96 68 Bharat Electronics 17.18 740.36 4,310.26
47 193 Hotel Leela Venture 24.39 150.42 616.71 97 87 Bennett, Coleman & Co. 17.09 571.92 3,345.99
48 32* Rural Electrification Corp. 24.33 860.54 3,537.46 98 84 India Cements 17.05 614.90 3,607.13
49 10 Bharti Airtel 24.14 6,283.89 26,028.17 99 20 Wipro 16.94 3,063.30 18,087.70
50 3 Oil & Natural Gas Corp. 23.98 15,933.70 66,433.88 100 9 Reliance Communications 16.89 2,586.38 15,312.51
For methodology and notes see page 58; *Ranked in BW Top 50 Finance Companies Data source: Prowess, CMIE

27 OCTOBER 2008 100 BUSINESSWORLD