IRCTC makes it to Fortune India Next 500 list of companies

For the second year in a row, Indian Railway Catering and Tourism Corporation (IRCTC) has made it to the prestigious Fortune India Next 500 list of Indian companies, with the Railway Ministry PSU improving its ranking to 199 from 328 in 2015.

The awards, which recognize the outstanding contributions of the companies made during last year, will be presented on Friday (August 19) as a part of Fortune India's The Next 500 summit at Leela Palace hotel here.

Union Minister for Road Transport, Highways and Shipping Nitin Gadkari will deliver the keynote address at the function, where Jharkhand Chief Minister Raghubar Das will be the guest of honor.

The latest award for IRCTC whose total turnover rose from Rs 1,141 crore in 2014 to 15 to Rs 1,503 crore (unaudited) in 2015-2016 comes after the mini-Ratna PSU received a special prize of Scope Corporate Communication Excellence Awards 2016 for Effective and Innovative use of Digital Communication last month.

The companies finding a place in the Next 500 list are mostly mid-sized and termed as the small wonders by the magazine.

These firms drawn from various sectors like food and agri products, pharma, Information Technology, iron and steel and financial services are capable of breaking into the Fortune India 500 the magazine had said last year.