New Delhi: MakeMyTrip, RBL Bank, Inox wind and IRCTC are among the firms that have made it to the Fortune Next 500 list of Indian companies, which has been topped by iPhone distributor Redington India. Companies featuring in the Next 500 list are mostly mid-sized and are capable of breaking into the Fortune India 500, the magazine noted.
Redington India tops the list with annual revenue of over Rs1,690 crore followed by Inox Wind (Rs1,689 crore), ISMT (Rs1,685 crore), Emcure Pharmaceuticals (Rs1,683.5 crore) and Orientcraft (Rs1,683 crore). According to the magazine, 434 of the Next 500 are privately held firms and together they account for 86 per cent of the total revenue.
These firms are biased towards manufacturing rather than services. Among sectors, basic materials, food and agri products, pharma and IT are leaders, while the laggards include capital goods and iron and steel. Others in the top 10 are Orient Paper & Industries, FAG Bearings India, Lycos Internet, Vatika and Cochin Shipyard. RBL Bank (formerly known as Ratnakar Bank), scored the 31st position, on the list.
