The Tata Group has been voted as the most trusted corporate house in a poll conducted by Equitymaster to gauge the trustworthiness of various corporate groups of India. The poll which gauged the trustworthiness of various corporate groups has, however, found that entities like Hero, Jindal, RPG group and the rest of the corporate groups are trusted only by up to 5 per cent of total number of people interviewed.
The Independent equity research initiative Equitymaster was carried out consisting of 17 of India’s most well-known corporate groups. A total of 5,274 people, who are visitors of Equitymaster.com, participated in it. The Tata Group has garnered 66.3% of the total votes, which is more than double the number of votes (31.8%), it had received in the last such poll conducted in 2013. In fact, except for Tata Group, none of the other 16 groups have been able to win the trust of more than 5 percent of the total number of participants, although many of these groups have moved up a few ranks from Equitymaster from the last poll conducted in 2013. Following Tata Group are Aditya Birla Group and Mukesh Ambani Group [Reliance Industries Group] in the second and third place with 5.1% and 4.7% of the votes received respectively. The AV Birla, Godrej and TVS groups have moved up 2 ranks, the Mukesh Ambani Group jumped 6 ranks and the Rahul Bajaj group, which came in fourth place, moved up nine ranks from the last poll. Rahul Bajaj group has came in fourth with 3.5% votes followed by Mahindra Group which received 2.8% votes. TVS Group and Godrej Group received 2.4% and 1.9% respectively. Adani group and Kirloskar group received 1.8% and 1.5% respectively. The group that received the least number of votes (0.8%) is the RPG Group.