February 2019 Issue Highlights:
Our cover story this month tells you how TCS, for long the jewel in the crown in the House of Tata, is reviving up its digital business to take the company to the next level. TCS apart, a key highlight in this issue is also Fortune India’s annual list of India’s most profitable public sector undertakings (PSUs). The 2019 list of the 50 most profitable PSUs has some very interesting takeaways. The biggest one being the near absence of public sector banks in the list. While there were 17 banks in the 2015 list, contributing 21.24% to the aggregate gross profit, this year there are only three, who together contribute a measly 2.47% share to the total. This is evidence enough of the state of India’s public sector banks, something the government is also deeply concerned about. As our lists editor Rajiv Bhuva points out, on a sectoral basis, the banking sector’s gross profits fell 68.62% this year, while those of non-banking finance companies grew 10.46%. That’s a story in itself.
Fortune is one of the most respected business magazines in the world. It is known for its unrivaled access to world’s most influential leaders and decision-makers. In a world of business long on information and short on time, Fortune stands out with trusted insight, deep reporting and provocative story telling. Few publications cover the world of business with as much depth, breadth, wisdom, and panache. That’s why Fortune is recognized as ‘the best magazine in the world that just happens to be about business’. Fortune 500 is perhaps the best-known brand in business journalism and the ultimate hallmark of corporate success. Launched in India in October 2010 in a licensed partnership between ABP Group of Publications & Time Inc., Fortune India retains the spirit of the global brand with respect to thought leadership and practice from across the world every month while adding an Indian dimension. It is the only truly global business magazine dedicated to the global success of Indian business leaders, offering actionable insights to propel their businesses.