Titan Industries has been ranked among the top 500 retail companies from 14 countries and 10 categories in the Asia-Pacific region.
The leading Indian company, ranked 299, was awarded the bronze medal, which was received by Ms Priya Mathilakath. The other Indian companies which figure in the top 500 are LG and Pantaloon.
Retail Asia Pacific Top 500 ranking for 2007 is the fourth in the series of what is highly regarded and anticipated annual ranking of retail enterprises in the region.
The ranking is based on sales revenue and gives the index of sales productivity per unit area. This year there has been a significant improvement in the layout format, with the introduction of ‘Outlet Type’ and the ‘Fascia brand’ to precede the name of the ‘Retailing Company’.
This defines which particular business unit of the retail company is being ranked at a given spot and thus removes the ambiguity arising from reading the name of the company first.
The retail companies operating in India who made it to the Top 500 ranking propelled the country ahead of other Asia-Pacific economies in US dollar growth terms. The total retail sales achieved by the top 17 retailers in India posted growth in excess of 31 per cent over 2005.