New Delhi– Dynamatic Technologies topped the Fortune Next 500 list of Indian companies while among new entrants were Just Dial, UTI Asset Management Company, and Nectar Lifescience
Dr Lal Pathlabs, Narayan Hrudayalaya, Ujjivan financial services and Parag Milk Foods, which have recently come to IPO market, have also bagged a place in the list.
Indian Railway’s tourism and catering arm IRCTC got a better ranking at 199 from 328 in 2015, while UTI Asset Management Company and Just Dial have secured the 442nd and 449th rank respectively.
Companies placed in the Next 500 list are mostly mid-sized and the magazine termed them as the ‘small wonders’.
The topper Dynamatic Technologies has annual revenue of over Rs 1,693 crore followed by Nectar Lifescience (Rs 1,692 crore), Oswal Wollen Mills (Rs 1,689 crore), VRL Logistics (Rs 1,682.5 crore) and Hitachi Home & Life Solutions (Rs 1,682.18 crore).
Next 500 companies have altogether generated a revenue of Rs 5,14,788 crore while these firms have an average revenue of over Rs 1,000 crore.
Gujarat Mineral Development Corp, Lucas-TVS, Gati, Adecco India and Jindal Aluminium are in the top 10 while there are also MOIL (142), Bajaj Corp (319), Motilal Ostwal Financial Services (355), Monsanto India (447).
These firms belong to various sectors like food and agro products,pharmaceuticals, information technology, basic materials, financial services, information technology and capital goods.