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

October 6, 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.This year, Dun & Bradstreet India also celebrated20 companies that were incorporated before, or in the year 1947. The winners were selected by Dun &Bradstreet?s propriety model, based on several parameters including total income, profitability, and net worth, amongst others.

The event also marked the launch of Dun & Bradstreet India?s annual publication 'India's Top PSUs 2022?, which is an initiative to recognize the important role that PSUs play in nation-building.The 14th edition of the publication profiles Central Public Sector Enterprises (CPSEs) which area 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 special government institutions incorporated under specific government acts.

Speaking at the event, Avinash Gupta, Managing Director & CEO - India, Dun & Bradstreet said, ?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 at 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 Aatma Nirbhar Bharat Abhiyan for capacity building, greater sustainability & resilience. In fact, CPSEs procurement from local MSMEs stands at 25% of the total procurement for FY?21.?

?Over the years, the PSUs have taken the lead in adopting the ?Digital First? policy to review their business operations, simplify processes, and optimize workflows, in sync with the advanced technological intervention. Various PSUs have embarked on this journey years ago by implementing digital transformation across their value chain. They have used technology as enabler to ensure business continuity, as well as 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 leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet?s Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity.

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