Taj Hotels Resorts and Palaces, one of Asia’s largest and finest group of hotels, was honoured with the Top Company Award in the Hospitality sector at the Dun & Bradstreet – American Express Corporate Award 2006 ceremony recently held in Mumbai. Mr. Ajoy Misra, Senior Vice President – Sales & Marketing, Taj Hotels Resorts and Palaces, received the award on behalf of the Company.
The base universe of the companies considered for the Dun & Bradstreet – American Express Corporate Awards 2006 were the top 500 companies of India as covered under the publication. The seven parameters considered in ranking companies for the awards were Total Income, Net Profit, Net Worth, Net Profit Margin, Net Profit/Net Worth, Growth in Total Income and Growth in Net Profit.
Says Mr. Ajoy Misra, “This is truly a great honour for us. This award reinforces our commitment to providing the very best in hospitality, service and experience. Our strength to compete and commitment towards quality and efficiency has helped us to get this top award.”
Dun & Bradstreet's "India's Top 500 Companies 2006" includes private sector companies listed on the BSE and NSE as well as public sector enterprises. The private sector companies have been short listed on the basis of their market capitalisation on the BSE and NSE, India's two main stock exchanges. The listed companies profiled account for over 75% of the BSE's market capitalisation, while the total income of the Top 500 accounts for 50% of India's GDP. Another feature of the publication is the sectoral classification of companies based on revenues. A company should generate at least 35% of its revenue from a particular sector in order to be classified under that sector.
The publication identified 58 sectors for classifying the companies, and the Dun & Bradstreet – American Express Corporate Awards 2006 felicitated the top company from 20 of the identified sectors. The awards methodology was applied to the list of top 500 companies, duly classified in their respective sectors. The D&B analyst team developed a proprietary financial model for identifying the top companies in each sector.
