New entrants reshape ET 500 rankings as Tejas Networks, Hyundai Motor India make strong debuts – News Air Insight

THIS YEAR’S ET 500 list reflects intense competitive pressure, with a majority of the companies losing their respective rankings from the previous year. According to the data, 267 companies slipped in their rankings by up to 149 positions, and four companies, including Sterlite Technologies, Aditya Birla Fashion, Poonawala Fincorp, and FACT, recorded drops of more than 100 ranks.

On the brighter side, 172 companies improved their rankings. Aster DM Healthcare emerged as a standout, gaining 221 ranks, driven by revenues of `9,434.8 crore, aided by a significant other income of exceeding Rs 5,100 crore owing to sales of its overseas business.

Given its one-time nature, the company may see a drop in its ranking in the next year’s ET 500 list. The total income of Strides Pharma Science, the other gainer that climbed 145 ranks, was also buoyed by a one-time gain of Rs 3,188 crore from discontinued operations to Rs 7,921.1 crore.

Adding to the dynamism of the list were 36 new entrants, highlighting the rise of fast-scaling companies. Tejas Networks, a telecom infrastructure company, entered the rankings at the 267th spot after its total income surged over three times year-on-year to Rs 8,969 crore in FY25, helped by increased 4G/5G project execution. Hyundai Motor India, listed on the bourses in October 2024, debuted at the 49th spot.

Some of the other companies that were listed last year that made it to the ET 500 include Swiggy (165), Waaree Energies (177), Afcons Infra (195), Hexaware Tech (211), and Bajaj Housing Finance (252). The total income of the 500th company in the list, or the cutoff income, has increased steadily over the years, reflecting the rising scale of operations of corporate India. It rose to Rs 3,943 crore for the latest rankings, reported by Titagarh Rail Systems, nearly doubling from Rs 2,055 crore in FY18, reported by Pfizer.