Monday, 17 June 2024

The only company from India in TIME Magazine’s list of the world’s best companies

  • The only company from India to appear in the top 100 of TIME Magazine’s list is Infosys.
  • Infosys is currently the second-largest Indian IT business by 2020 sales numbers.
  • Wipro, placed 174 on TIME’s list of the top 200 global companies.

The sole Indian company to make the top 100 list of TIME Magazine’s World’s Best Companies 2023 is professional services provider Infosys, situated in Bengaluru. The 750 global firms were ranked, with the top four being Microsoft, Apple, Alphabet, and Meta Platforms.

The Bengaluru-based company came in at number 64. With approximately 3 lakh employees worldwide, the majority of whom are based in India, Infosys, founded in 1981, is currently the second-largest Indian IT business by 2020 sales numbers.

World’s best companies

Employee Satisfaction, Revenue Growth, and Sustainability (ESG) were the three factors that TIME Magazine looked at to determine the top-performing businesses globally.

Data from more than 1.5 lakh employees in 58 countries were used to evaluate employee satisfaction. With enterprises producing at least $100 million in 2022 and exhibiting positive growth from 2020 to 2022, revenue growth was analyzed using company data from the previous three years.

Environmental and social aspects of sustainability were taken into consideration, such as the intensity, rate, and CdP rating of carbon emissions. Women on boards and human rights policies were evaluated by the social dimension.

The only company from India to make it into the top 100, Infosys is also one of the top three professional services firms on the list, with Accenture at number four and Deloitte at number 36.

Wipro, placed 174 on TIME’s list of the top 200 global companies, is another Indian provider of professional services.

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