India’s Best PSUs Recognised by Dun & Bradstreet at 8th Edition of PSU Awards 2022

Dun & Bradstreet, a leading global provider of business decisioning data and analytics, recognized the leading Public Sector Undertakings (PSUs) of India on September 29, 2022, at the 8th edition of ‘PSU Awards’. The theme of the event was ‘Transforming the Public Sector for a Digital Future’.

Dun and Bradstreet India presented 28 awards across various categories. Dun & Bradstreet’s propriety model selected the winners based on several parameters, including total income, profitability, and net worth.

This year, Dun & Bradstreet India also celebrated 20 companies that were incorporated in 1947. The full list of winners can be found below.

The event also marked the launch of Dun & Bradstreet India’s annual publication ‘India’s Top PSUs 2022’, an initiative to recognize the importance of PSUs in nation-building.

The 14th edition of the publication profiles Central Public Sector Enterprises (CPSEs), which are a part of the Department of Public Enterprises (DPE) list, scheduled commercial banks (SCBs) from the public sector, public sector insurance companies, public sector NBFCs/financial institutions and particular government institutions incorporated under specific government acts.

“India has 225 operating Central PSUs across the country with a total financial investment of approximately 22 trillion rupees as of March 2021. They have provided employment to at least 1.3 million people (as of December 2021) and account for approximately 6% of the total market capitalization of BSE. CPSEs have been at the forefront of initiatives such as the AatmaNirbhar Bharat Abhiyan for capacity building, greater sustainability & resilience. CPSEs procurement from local MSMEs stands at 25% of the total procurement for FY’21.”

Avinash Gupta, Managing Director & CEO – India, Dun & Bradstreet, said,

“Over the years, the PSUs have adopted the ‘Digital First’ policy to review their business operations, simplify processes, and optimize workflows in sync with the advanced technological intervention. Various PSUs embarked on this journey years ago by implementing digital transformation across their value chain. They have used technology as an enabler to ensure business continuity and manage the health and well-being of their employees and their families during COVID-19, all while ensuring uninterrupted supply to customers,”

added Gupta

About Dun & Bradstreet

Dun & Bradstreet, a prominent global source of business decisioning data and analytics, helps businesses around the world enhance their performance.

Since 1841, businesses of all sizes have depended on Dun & Bradstreet to manage risk and uncover opportunities.

Dun & Bradstreet’s Data Cloud powers solutions and provides insights that enable customers to increase revenue, reduce costs, reduce risk, and change their businesses.

Dun & Bradstreet Information Services India Private Limited is headquartered in Mumbai and provides clients with data-driven products and technology-driven platforms to help them make faster and more accurate decisions in finance, risk, compliance, information technology, and marketing.

Working towards the Government of India’s vision of creating an AatmaNirbhar Bharat (Self-Reliant India) by supporting the Make In India initiative, Dun & Bradstreet India has a special focus on helping entrepreneurs enhance their visibility, increase their credibility, expand access to global markets, and identify potential customers & suppliers while managing risk and opportunity.

Dun & Bradstreet Technology & Corporate Services LLP, Dun & Bradstreet’s Worldwide Capabilities Center (GCC), is also based in India, facilitating global technology delivery with cutting-edge technology.
The GCC, headquartered in Hyderabad, employs approximately 500 highly skilled workers and focuses on increased productivity, economies of scale, consistent delivery methods, and decreased operating expenses.
This article was shared with Prittle Prattle News as a Press Release.
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