New Delhi: Just Dial, UTI Asset Management Company and IRCTC are among the firms that have made it to the Fortune Next 500 list of Indian companies.
Companies featuring in the Next 500 list are mostly mid-sized and termed "small wonders" by the magazine. Dynamatic Technologies tops the list with an annual revenue of over Rs 1,693 crore, followed by Nectar Lifesciences (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).
Nectar Lifesciences is a new entrant in the list, while other four companies have shown improvement in their respective rankings from last year.
According to the magazine, together Next 500 companies have generated a revenue of Rs 5,14,788 crore while on an average, these firms have a revenue of over Rs 1,000 crore.
These firms are from various sectors including basic materials, financial services, food and agri products, pharma and information technology, iron and steel, and capital goods.
Others in the top 10 were Gujarat Mineral Development Corp, Lucas-TVS, Gati, Adecco India and Jindal Aluminium.
Indian Railways' tourism and catering arm - IRCTC - improved its ranking to 199th, from 328th in 2015. UTI Asset Management Company and Just Dial, which were new entrants, bagged the 442nd and 449th positions, respectively.
Interestingly, Narayan Hrudayalaya, Ujjivan Financial Services, Dr Lal Pathlabs and Parag Milk Foods, which have recently hit the IPO markets, also found a place in the list.
The magazine had last year said companies featuring in the Next 500 list are capable of breaking into the Fortune India 500.
Others in the list include PVR (ranked 62nd), MOIL (142nd), Bajaj Corp (319th), Franklin Templeton Asset Management (351st), Motilal Ostwal Financial Services (355th), Repco Home Finance (415th), Monsanto India (447th).
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