Adani Group gets place in Time’s Best Companies of 2024 list
New Delhi| Adani Group has been included in Time’s prestigious World’s Best Companies list for the year 2024. This list has been prepared in collaboration with Statista, a leading global industry ranking and statistics portal. The honor highlights the group’s commitment to employee satisfaction, revenue growth, and sustainability. Adani Group said in a statement that it “affirms the group’s hard work and continued efforts to create new boundaries and deliver excellence in businesses”
The 2024 list of the world’s best companies is based on a thorough analysis on three key dimensions:
Employee satisfaction: Surveys conducted in more than 50 countries with some 1,70,000 participants evaluated companies on the basis of direct and indirect recommendations, work conditions, pay, equality and overall image of the company.
Revenue growth: Companies with more than $100 million in revenue in the year 2023, and exhibiting steady growth from 2021 to 2023, were included in the valuation.
Sustainability (ESG): It attempted to judge the environmental, social and administrative (ESG) sustainability of companies. Companies were evaluated based on standardised ESG KPIs from Statista’s ESG database and targeted research.
The company reported that eight of Adani Portfolio’s 11 companies listed on the stock market were considered in this valuation, reflecting the excellent performance of the entire group. The other three listed companies are subsidiaries of these eight companies. The companies considered include Adani Enterprises, Adani Ports and Special Economic Zone, Adani Green Energy, Adani Energy Solutions, Adani Total Gas, Ambuja Cements, Adani Power and Adani Wilmar. Adani Group is the country’s largest and fastest growing group doing business in diverse sectors. Its portfolio includes the energy and utility, transport and logistics, natural resources and consumer products sectors. The group’s net profit rose 50.1 per cent to Rs 10,279 crore in the first quarter of this fiscal year, while EBITDA reached Rs 22,570 crore, up 32.9 per cent from the first quarter last year.