RIL among top 25 Global Champions for 2009
The country's most valued company, Reliance Industries, has been named among the top 25 global champions for 2009 which managed to outperform the competition in midst of meltdown in the financial markets.business Updated: Oct 19, 2009 15:59 IST
The country's most valued company, Reliance Industries, has been named among the top 25 global champions for 2009 which managed to outperform the competition in midst of meltdown in the financial markets.
Reliance Industries is the only Indian company in the 25 A T Kearney Global Champions for 2009 list, which has been topped by Japanese firm Nintendo, followed by US-based Google and Apple at the second and the third positions respectively.
Even as the proportion of companies headquartered in emerging countries has dropped from 40 per cent in 2008 to less than a third (33 per cent) in this year's list, Reliance Industries along with Mexico's America Movil managed to maintain their status as Global Champions, A T Kearney said.
RIL has been ranked in the 11th position ahead of global biggies like Jacobs Engineering, World Fuel Services, ABB, Amazon.Com and America Movil.
The list includes firms which managed to outperform the competition in the midst of the meltdown in the financial markets, as they combined long-range strategic planning with nimble execution.
"The financial crisis has greatly accelerated the rate of change in underlying global business conditions. Companies that were able to align a disciplined growth-oriented strategy to the transformed economic landscape were the ones that dominated," A T Kearney chairman and managing officer Paul Laudicina said.