According to a Business World-IMRB survey, Infosys, Hindustan Lever Ltd. and Reliance Industries have been rated India's three most respected companies in terms of 18 parameters like corporate governance and employee-management relations among others. Other companies in the top 10 include Wipro, ICICI, ITC, Larsen & Toubro, Dr Reddy's Laboratories, Ranbaxy Laboratories and Nestle.
Infosys, ranked overall number one, was also ranked number one on 13 of the 18 parameters judged by the survey.
It stood second behind Reliance Industries on two counts, namely dynamic organisation and speedy response in marketplace, the survey said, adding in terms of track record of management, Infosys took the third spot after HLL and Reliance Industries.
Infosys climbed up from rank six in 1999 to top most position this year and HLL, after dipping to second position in 1999 from first in 1997, has managed to retain rank two this year.
Dhirubhai Ambani's Reliance Industries has come up to the third position from 14th in 1999 for its growth oriented strategies and capability of marshalling resources.
Reliance Industries ranked number two for parameters of top management leadership, socially responsive organisation, quality of products and services provided, consumer satisfaction, record of product, corporate brand management and good returns to shareholders.
As many as six companies from 1999's top 10 have dropped out this year. Thus Reliance Industries, Wipro, ICICI, ITC, Dr Reddy's Laboratories and Nestle have replaced Glaxo, MRF, Indian Oil, Coca-Cola, Cipla and EIH this year, the survey revealed.