The Tata group has received 66.3% of the total votes, which is more than double the number of votes polled (31.8%) in the last such poll conducted in 2013.
Tata Group has been voted as the most trusted corporate house in a survey conducted by Equitymaster to assess the credibility of various corporate groups in India. The equity research firm said it had surveyed 17 of India’s most well-known corporate groups and a total of 5,274 people took part in it.
“This survey helps us understand whether large corporate groups are able to earn the trust of investors and how trust plays a great role in their long-term success and growth. The poll results also show that better investments are more direct. But it is related to effective corporate governance.
“Thus, it is always wise to invest in companies that instill a sense of trust. The most striking thing about election results is the huge gap between the winner and the rest of the corporate groups,” it said.
The Tata group has received 66.3% of the total votes, which is more than double the number of votes polled (31.8%) in the last such poll conducted in 2013.
The Tata Group is followed by the Aditya Birla Group and the Mukesh Ambani Group. [Reliance Industries Group] The second and third place got 5.1% and 4.7% of the votes respectively.
The Rahul Bajaj Group is at the fourth position with 3.5% of the votes, while the Mahindra Group is at the fourth position with 2.8% of the votes. TVS Group and Godrej Group received 2.4% and 1.9% respectively. Adani group and Kirloskar group received 1.8% and 1.5% respectively.
The group that received the fewest votes (0.8%) is the RPG Group.
Rahul Shah, Co-Head of Research at Equitymaster said, “If we look at the valuation of the company today, an increasing part of the value of the firm resides in the intangibles like goodwill and reputation. And when it comes to making the intangible tangible So nothing is more important than faith.”
“The attribute flows from the company’s leadership through the organization to its external stakeholders which ultimately increases profitability over the long term. However, if not taken care of, a lack of trust can have the opposite effect,” he said.
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