“Infosys Shines as Sole Indian Company in TIME’s Top 100 Best Companies for 2023”
Infosys secures the 64th position in TIME’s World’s Best Companies of 2023 list, standing out as the only Indian company among the top 100. Seven other Indian firms also make the prestigious list of 750 companies. The rankings are based on revenue growth, employee satisfaction, and environmental and social responsibility.
TIME Magazine and Statista have unveiled their eagerly awaited list of the World’s Best Companies for 2023, and leading Indian IT giant Infosys Ltd has proudly secured the 64th position. The list, which features 750 companies, showcases the top-performing organizations worldwide, highlighting their contributions to the global economic landscape.
Infosys’s remarkable placement underscores its status as a global industry leader, as it stands tall as the sole Indian company among the top 100 in TIME’s prestigious rankings. The top of the list is dominated by tech giants such as Microsoft, Apple, Alphabet (Google’s parent company), and Meta Platforms (formerly known as Facebook).
The rankings are based on a comprehensive evaluation formula that takes into account multiple factors, including revenue growth, employee satisfaction surveys, and rigorous scrutiny of environmental, social, and corporate governance (ESG) or sustainability data.
One striking observation from this year’s list is the ascendancy of fast-moving technology and business services companies, which have overtaken traditional manufacturers and consumer goods firms that once spearheaded the global economy. TIME Magazine notes that tech companies have excelled, in part, due to their lower carbon emissions compared to industries with significant physical footprints, such as airlines and manufacturing. Additionally, these top tech companies have earned high marks for employee satisfaction and have demonstrated substantial financial growth over the last three years while upholding social governance principles, including emission reduction and the promotion of gender diversity in boardrooms.
Apart from Infosys, seven other Indian companies have made their mark in TIME’s list of the World’s Best Companies for 2023:
- Wipro Ltd secured the 174th position.
- Mahindra Group was ranked 210th.
- Reliance Industries Ltd claimed the 248th spot.
- HCL Technologies Ltd was positioned at 262nd.
- HDFC Bank made it to 418th place.
- WNS Global Services stood at 596th.
- ITC Ltd was recognized at 672nd place.
In addition to its position in the top 100, Infosys also earned recognition among the top three professional services companies globally, further solidifying its status as a leading player in the ever-evolving IT and consulting landscape.
The TIME’s World’s Best Companies list for 2023 offers valuable insights into the evolving global economic order, with technology and sustainability emerging as driving forces for success in the corporate world.
As these companies continue to evolve and innovate, their contributions to shaping the future of business, technology, and sustainability are increasingly essential for a rapidly changing world.
Sources By Agencies
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