Business Index · India's best-run companies

The Business Index

BI's proprietary ranking of India's best-run large companies — scored on the same five components, quarter after quarter. No sector tilt, no popularity contest, just the numbers.

The BI Score · Methodology

Financial Health

Balance-sheet strength, cash generation, leverage, and interest cover.

Growth Quality

Revenue and profit growth — and whether it's funded by cash or debt.

Market Position

Share, pricing power, and how defensible the moat really is.

Governance

Board quality, related-party dealings, disclosure, and promoter conduct.

Digital Posture

Technology adoption, data maturity, and readiness for the next cycle.

Composite weighting — Financial 30% · Growth 25% · Market 20% · Governance 15% · Digital 10%. Illustrative scores, refreshed quarterly.

The Ranking · 12 constituents

#
01	HDFC Bank Banking	91	74	89	86	82	85
02	Tata Consultancy Services IT Services	95	68	90	88	84	85
03	Bajaj Finance NBFC	79	88	82	80	90	83
04	Reliance Industries Conglomerate	82	78	94	71	88	82
05	Infosys IT Services	92	65	85	89	83	82
06	Titan Company Consumer	84	82	80	83	74	82
07	Asian Paints Consumer	88	66	92	84	70	81
08	Hindustan Unilever FMCG	90	60	91	87	72	80
09	Kotak Mahindra Bank Banking	87	70	78	88	79	80
10	Larsen & Toubro Infrastructure	80	76	84	81	66	79
11	Nestlé India FMCG	89	58	88	85	68	78
12	Sun Pharmaceutical Pharma	81	72	83	74	64	76

Tap any column header to re-sort. Scores are illustrative and for demonstration — the live BI Score product arrives with M3.