ET Awards: How they made the cut

ET adopted a democratic, participative and rigorous process to choose the best and the brightest of India Inc. In an elaborate two-step exercise, the selection process began with number crunching done by the ET Intelligence Group ( ETIG).

In some categories, parameters were set by ETIG to shortlist the candidates. For example, for the Company of the Year award, companies with an average market capitalisation of over Rs 11,000 crore and revenues of over Rs 3,000 crore were considered. The companies that figure in the first 75% (0-75%) of cumulative market cap or revenues were included in the universe considered for the Company of the Year award.

They were then ranked on the parameters of net sales, net profit, market cap, and ROE. And to evaluate growth, we considered the share price return over one year and CAGR in revenue and net profit over a three-year period.

A composite score was taken by adding up scores in the seven parameters. These companies were sorted in descending order on each of these parameters — that is, companies with highest growth in PAT were on top of the list. Ranks were then assigned to each of the companies in ascending order — companies at the top got ranked one, two, three, etc. So, for each parameter, a table of ranks was generated. Companies incorporated post-1995 and having a market capitalisation of more than Rs 1,000 crore, were considered for the Emerging Company of the Year award.

ET’s senior editorial team shortlisted a minimum of five nominees for each of the remaining categories. The jury also had the option of nominating candidates to any of the categories. In the last stage, the high- powered jury, studded with internationally acclaimed CEOs and business leaders, picked the final winners.