Reliance, Airtel, Infosys, TCS in Forbes Asia’s 50 Best

September 24th, 2009 - 7:50 pm ICT by IANS  

By Arun Kumar
Washington, Sep 24 (IANS) Reliance Industries (RIL), Bharti Airtel, Infosys Technologies and Tata Consultancy Services are among the 13 Indian companies that have made it to the list of Forbes’ 50 Best companies in the Asia-Pacific region.

“Our list is a mix of giant, established companies this year which includes Australian miner BHP Billiton, Hong Kong conglomerate Noble Group and Indian oil and gas heavyweight RIL - and smaller outfits such as Agile Property Holdings, Anhui Conch Cement and Digital China Holdings,” Forbes Asia said in a statement.

The Forbes list has four Indian entities - RIL(2), Bharti Airtel (4), Infosys Technologies (8) and Tata Consultancy Services (10) - among the top ten firms in terms of market value, while RIL and Tata Steel feature in the top ten league in terms of sales.

The Indian league has four newcomers this year - Adani Enterprises (46), Axis Bank (36), Jindal Steel & Power (25) and Tata Consultancy Services (10) - and among the Indian firms returning to the list include Bharat Heavy Electricals (11), Larsen & Toubro (13) and RIL(2).

Other Indian companies on the list are Wipro (18), HDFC Bank (22), Tata Steel (32) and Mahindra & Mahindra (41).

China has again outdone the rest of the Asia Pacific with the most number of firms (16) represented in the league, followed by India with 13 entities.

“The mainland firms together with five from Taiwan and three from Hong Kong account for almost half of the entries, giving Greater China the biggest regional representation on the list,” Forbes said.

The list included companies that have revenue and market capitalisation of at least $3 billion and a five year record of operating profitability and return on equity.

The other criteria for being in the list include long term profitability, sales and earnings growth, stock price appreciation, projects earnings, quality of management and entrepreneurial skills.

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