The Next 500
The making of giants
After a fall of 31.5% in profit last year, the next 500 companies have bounded back. In this third edition of the list, companies have shown a 10.9% growth in profit. Other parameters are equally positive.
At 87, P.R.S. ‘Biki’ Oberoi faces the most challenging period in his career. One threat comes from a familiar foe: big hotel chains, and the other from an upstart: technology. The hotelier’s response: He was to close one of his most profitable properties for two years to renovate. Will his bold move pay off?