Extel Publishes 2026 India Corporate Rankings

India's best companies, CEOs, CFOs and investor relations teams are revealed - 55 companies with published positions

NEW YORK, NY, UNITED STATES, May 13, 2026 /EINPresswire.com/ -- Today, Extel, formerly Institutional Investor Research (II Research), announced the results of their 16th Asia (ex-Japan/ANZ) Executive Team survey, revealing Asia’s leading CEOs, CFOs, Investor Relations Officers, Investor Relations programs, ESG and company board attributes that best uphold corporate governance standards and facilitate investment into their company. 195 companies (up from 126 in 2025) attained a published position in the categories listed above to become an Honored company, and 55 of those companies were granted the coveted Most Honored Company recognition.

To earn the designation of Most Honored Company a company must achieve a weighted score of 15 or more points across the six categories in the combined, buy-side and sell-side rankings, wherein each first-place position is worth three points; second place, two; and third place, one.
A total of 5,581 investors, portfolio managers and analysts from 1,249 voter firms participated in this survey, nominating a total of 2,520 companies (up from 1,668 in 2025) and 2,728 (2,367 in 2025) individuals across 23 sectors (five more have been added in 2026 to better differentiate sectors). This included 4,743 buy-side professionals from 1,090 buy-side companies, with an estimated $2 trillion in Asia (ex-Japan) equities, and 838 sell-side analysts from 159 companies.

Emerging trends identified
1. Increasing Performance Divergence: The 2026 results reveal a significant "differentiation gap," with fewer companies achieving "All-Star" status (1st ranked across all six performance categories). This shift highlights the effectiveness of our enhanced methodology in pinpointing specific operational strengths and weaknesses, moving away from a "generalist" perception to a more granular assessment of leadership and IR.

2. IR as a Strategic Shield: An intriguing trend in the 2026 data shows that over 60% of top-ranked IROs represent companies where the CEO and CFO did not achieve a top ranking. This suggests that elite IR teams are successfully acting as a strategic buffer - managing complex investor expectations and high-level technical discussions independently, thereby allowing their C-suite to remain focused on core operational management.

3. Surging Engagement in Smaller Markets & Sectors: The 2026 survey marks a turning point in investor attention. While core sectors remain stable, voter volume has almost doubled in the Telecommunications, Autos, and Insurance industries. Geographically, this is mirrored by a significant spike in participation for South Korea, Malaysia, Singapore, and the Philippines. For the first time, the "participation gap" between Mainland China and smaller Asian markets is closing, creating a more competitive landscape for our Asia results.

Indian Companies with Published Positions (a-z)

Adani Energy Solutions (India)
Adani Green Energy (India)
Ajanta Pharma (India)
Ambuja Cements (India)
Angel One (India)
Apollo Hospitals Enterprise (India)
Apollo Tyres (India)
Ashok Leyland (India)
Astral (India)
AU Small Finance Bank (India)
Bajaj Auto (India)
Bajaj Finance (India)
Bharat Forge (India)
Bharti Airtel (India)
Birlasoft (India)
CarTrade Tech (India)
Coforge (India)
Deepak Nitrite (India)
Escorts (India)
Eternal (India)
Exide Industries (India)
Gail (India) (India)
HCL Technologies (India)
HDFC Bank (India)
HDFC Life Insurance Co. (India)
Hero MotoCorp (India)
Hindalco Industries (India)
ICICI Bank (India)
ICICI Prudential Life Insurance Co. (India)
Indraprastha Gas (India)
Infosys (India)
Jindal Stainless (India)
KEI Industries (India)
Mahanagar Gas (India)
Mahindra & Mahindra (India)
Maruti Suzuki India (India)
Max Healthcare Institute (India)
Motilal Oswal Financial Services (India)
Navin Fluorine International (India)
Oil and Natural Gas Corp. (India)
Persistent Systems (India)
Petronet LNG (India)
Piramal Pharma (India)
Radico Khaitan (India)
Reliance Industries (India)
Samvardhana Motherson International (India)
Shriram Finance (India)
Sona BLW Precision Forgings (India)
Sun Pharmaceutical Industries (India)
Tata Consultancy Services (India)
Tata Steel (India)
Torrent Pharmaceuticals (India)
TVS Motor Co. (India)
UltraTech Cement (India)
United Spirits (India)

Carvin Lee, Commercial Lead for Asia, said “As investor engagement in Asia hit record highs in 2025, the 'perception gap' between companies and their shareholders has become a defining factor in market success. Our latest survey results demonstrate that in a more competitive capital landscape, elite IR teams are the primary drivers of institutional trust. We have adapted our 2026 methodology to meet this new reality—updating our sector frameworks and scoring systems to better distil the feedback of over 5,500 buy-side and sell-side professionals. These changes ensure that an Extel ranking remains the definitive benchmark for executive leadership and IR performance in Asia.”

For the full list of published winners, please visit www.extelinsights.com
 
Marketing Licenses
Extel owns the copyright to all survey and awards logos. Speak with Extel to access the award or award logo and share your winning position in the 2026 Asia Executive Team ranking across your website content, advertisements, communications, marketing collateral and more. Please contact marketing@extelinsights.com

Benchmark Data and IR Perception Analysis
To request further information on how you can use survey data to market your firm internally or externally, or deeper analysis of survey data, please contact Carvin Lee, Asia Commercial Lead, Extel, on +852 2912 8035 or carvin.lee@extelinsights.com

Media contact
David Bowen, Director of Marketing, Extel david.bowen@extelinsights.com

About Extel
For over 50 years, Extel (formerly Institutional Investor Research) has been a trusted leader in proprietary benchmark research and rankings. Providing independent feedback on sell-side and corporate performance, Extel is the premier choice for validating qualitative market intelligence across the investment community. With a global presence spanning Europe, Emerging EMEA, Asia Pacific, North America, and Latin America, Extel continues to set the standard in independent market insights.

Carvin Lee
Extel
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