While several corporate consider debt financing as a better option for their business, these “Zero Debt Company” are AMAZING*
Their balance sheet shows no secured or unsecured loans*
1* ABBOTT INDIA LTD*
2* ABM KNOWLEDGEWARE
3* ADOR FONTECH LTD*
4* AGRO TECH FOODS LTD*
5* AKZO NOBEL INDIA LIMITED
6* ALSTOM INDIA LIMITED
7* ASTRAZENECA PHARMA INDIA LTD*
8* ATUL AUTO LTD*
9* BAJAJ CORP LTD*
10* BAJAJ HOLDINGS & INVESTMENT LTD*
11* BALAJI TELEFILMS LTD*
12* BALMER LAWRIE INVESTMENT LIMITED
13* BATA INDIA LTD*
14* BAYER CROPSCIENCE LTD*
15* BF INVESTMENT LTD*
16* BHARATI INFRATEL LTD*
17* BLUE DART EXPRESS LTD*
18* BLUE STAR INFOTECH LTD*
19* CAIRN INDIA LTD*#
20 CAPRI GLOBAL CAPITAL LTD*
21* CASTROL INDIA LTD*
22* CHEMFAB ALKALIS LTD*
23* CMC LTD*
24* COLGATE-PALMOLIVE (INDIA) LTD*
25* CONTAINER CORPORATION OF INDIA LTD*
26* CRISIL LTD*
27* CUMMINS INDIA LTD*
28* DE NORA INDIA LTD*
29* DISA INDIA LTD*
30* DOLAT INVESTMENTS LTD*
31* ECLERX SERVICES LTD*
32* EIMCO ELECON (INDIA) LTD*
33* ELANTAS BECK INDIA LTD*
34* ENGINEERS INDIA LTD*
35* ENTERTAINMENT NETWORK (INDIA) LTD
36* ESAB INDIA LTD*
37* EXIDE INDUSTRIES LTD*
38* FAG BEARINGS INDIA LTD*
39* FULFORD (INDIA) LTD*
40* GANDHI SPECIAL TUBES LTD*
41* GEOJIT BNP PARIBAS FINANCIAL SERVICES LTD*
42* GEOMETRIC LTD*
43* GILLETTE INDIA LTD*
44* GKW Ltd
45* GLAXOSMITHKLINE CONSUMER HEALTHCARE LTD*
46* GMM PFAUDLER LTD*
47* GOODYEAR INDIA LTD*
48* GRINDWELL NORTON LTD*
49* HEXAWARE TECHNOLOGIES LTD*
50* HINDUJA VENTURES LTD*
51* HINDUSTAN COPPER LTD*
52* HINDUSTAN UNILEVER LTD*$#
53* HONDA SIEL POWER PRODUCTS LTD*
54* HONEYWELL AUTOMATION INDIA LTD*
55* ICRA LTD*
56* IFB AGRO INDUSTRIES LTD*
57* INDIA NIPPON ELECTRICALS LTD*
58* INDUSTRIAL INVESTMENT TRUST LIMITED
59* INFOSYS LTD*$#
60* INFOTECH ENTERPRISES LTD*
61* INGERSOLL-RAND (INDIA) LTD*
62* INSILCO LTD*
63* JM FINANCIAL LTD*
64* JUBILANT FOODWORKS LTD
65* KAKATIYA CEMENT SUGAR & INDUSTRIES LTD
66* KALYANI INVESTMENT COMPANY LTD*
67* KAMA HOLDINGS LIMITED
68* KENNAMETAL INDIA LIMITED
69* KIRLOSKAR INDUSTRIES LTD
70* KIRLOSKAR OIL ENGINES LTD*
71* LAKSHMI ELECTRICAL CONTROL SYSTEMS LTD*
72* LAKSHMI MACHINE WORKS LTD*
73* MAHARASHTRA SCOOTERS LTD*
74* MULTIBASE INDIA LTD*
75* MANUGRAPH INDIA LTD*
76* MERCK LTD*
77* MOIL LIMITED
78* MONSANTO INDIA LTD*
79* MOUNT EVEREST MINERAL WATER LTD*
80* MULTI COMMODITY EXCHANGE OF INDIA LTD*
81* MUNJAL SHOWA LTD*
82* NATIONAL ALUMINIUM CO*LTD*
83* NATIONAL BUILDINGS CONS* CORPN* LTD*
84* NESCO LTD*
85* NMDC LTD*#
86* NUCLEUS SOFTWARE EXPORTS LTD*
87* OBEROI REALTY LTD*
88* ORACLE FINANCIAL SERVICES SOFTWARE LTD*
89* PANASONIC ENERGY INDIA CO LTD*
90* PFIZER LTD*
91* PIDILITE INDUSTRIES LTD*
92* PILANI INVESTMENT AND INDUSTRIES CORPORATION LIMITED
93* PROCTER & GAMBLE HYGINE & HEALTH CARE LTD*
94* PTC INDIA LTD*
95* RELIANCE INDUSTRIAL INFRASTRUCTURE LTD*
96* RS SOFTWARE (INDIA) LTD*
97* RUBFILA INTERNATIONAL LTD*
98* SAH PETROLEUMS LTD*
99* SANOFI INDIA LTD
100* SASKEN COMMUNICATION TECHNOLOGIES
101* SEAMEC LTD*
102* SELAN EXPLORATION TECHNOLOGY
103* SHANTHI GEARS LTD*
104* SHREE GLOBAL TRADEFIN LTD*
105* SIEMENS LTD*
106* SINGER INDIA LTD*
107* SKF INDIA LTD*
108* SMARTLINK NETWORK SYSTEMS LTD*
109* STOVEC INDUSTRIES LTD*
110* SUN TV NETWORK LTD*
111* SWARAJ ENGINES LTD*
112* TATA INVESTMENT CORPORATION LTD*
113* TATA SPONGE IRON LTD*
114* THE ORISSA MINERALS DEVELOPMENT COMPANY LTD*
115* TIDE WATER OIL (INDIA) LTD*
116* TITAN INDUSTRIES LIMITED
117* USHA MARTIN EDUCATION AND SOLUTIONS LIMITED
118* VESUVIUS INDIA LTD*
119* VOITH PAPER FABRICS INDIA LTD*
120* VOLTAMP TRANSFORMERS LTD*
121* VST INDUSTRIES LTD*
122* VST TILLERS TRACTORS LTD
123* WENDT (INDIA) LTD*
124* WHIRLPOOL OF INDIA LTD*
125* WIM PLAST LTD*
126* ZANDU REALTY LTD*
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