Ratan Tata’s Tata Group is the most trustworthy business house in India.This was found in a poll conducted among domestic investors. The trustworthiness is for financial reporting. This survey is in line with the previous survey conducted by Mint. Only difference is the Tata group companies were listed separately. In this case they were clubbed together .Because, in the group companies the DNA is already set. There won’t be much of a difference between Tata Chemicals and TCS in the way they operate.
10 Most trustworthy companies in India :
10 Most trustworthy companies in India :
- Tata group
- Infosys
- HDFC Group
- L&T
- Aditya Birla Group
- Bharti Airtel
- Sundaram/TVS Group
- ICICI Bank
- Mukesh Ambani Group
- Anil Ambani group
However, the poll found that many companies may have resorted to window dressing their accounts, but on a smaller scale, others were of the opinion that the financial statements presented were of quality and are not necessarily tainted because of Satyam fiasco. (source) Satyam scam has not given one but two phrases so far. First one is the Hyderabadi discount and now window dressing.
PS : Hyderabadi discount is the discount that should be given by Hyderabad based companies to factor in the cooking. Read this ..
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2 comments:
Great list, hope investors would have confidence on these companies.
Yeah absolutely..atleast they still have few companies to rely upon future prospects..
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