3.12b Reasonability of Traditional Business Ranking Criteria
Representatives interviewed from Management Institutions were probed further on the issue of business ranking with the objective of gaining insight into their thoughts on ranking parameters and their fairness and objectivity. Towards this end, they were asked if they deemed the criteria that were typically employed for ranking such as student-teacher ratio, investment in research, IT facilities, quality of results and infrastructure as reasonable.

Most of the companies in the overall sample viz. 46 percent remained unlisted. Among those that were listed, 43 percent were listed at the BSE and 28 percent at the NSE respectively. The percentages of unlisted companies across MNCs, PSUs and Indian categories were more or less at par with those listed and hovered around 50 percent. Only one PSU is registered on a foreign bourse viz. LSE (London Stock Exchange) while 86 percent of Indian companies and 94 percent of PSUs stay unlisted on foreign bourses.
The institutions surveyed were asked their opinion on the reasonability and fairness of Management Institution ranking criteria and a substantial 69.2 percent were found to approve of them. |