Companies:- Service:- ICICI Bank Manufacturing:- Grasim Industry Trading:- Reliance Fresh
About ICICI ICICI Bank started as a wholly owned subsidiary of ICICI Limited, an Indian financial institution, in 1994. ICICI Bank is India's second-largest bank with total assets of Rs. 3,634.00 billion (US$ 81 billion) at March 31, 2010 and profit after tax Rs. 40.25 billion (US$ 896 million) for the year ended March 31, 2010. The Bank has a network of 2,528 branches and 6,000 ATMs in India, and has a presence in 19 countries, including India.
About GRASIM Industry Grasim Industries Limited is a Aditya Birla Group company that started in1948 and which started as a textile manufacturer. Since then Grasim has successfully diversified into Viscose Staple Fiber (VSF), cement, sponge iron and chemicals. Forbes magazine ranks Grasim at 1,380 in its listing of the 'Forbes 2000 Best Companies'.
About Reliance Fresh A convenient store format, is governed by the MukeshAmbani and is the most important part of Reliance Industries retail Business. It comprises more than 560 reliance fresh stores all over the country.
ACCOUNTING RATE OF RETURN Accounting rate of return or ARR is a financial ratio used in capital budgeting. The ratio does not take into account the concept of time value of money. ARR calculates the return, generated from net income of the proposed capital investment. The ARR is a percentage return.