13 Indian firms in Forbes Asia's Fabulous 50 list

Kuala Lumpur, Sep 24 (PTI) As many as 13 Indian
companies, including Reliance Industries, Infosys Technologies
and Tata Steel, have made it to the list of Forbes' 50 best
listed companies in the Asia-Pacific region.

"Our list is a mix of giant, established companies- this
year that list includes Australian miner BHP Billiton, Hong
Kong conglomerate Noble Group and Indian oil and gas
heavyweight Reliance Industries -- and smaller outfits such as
Agile property Holdings, Anhui Conch Cement and digital China
Holdings," Forbes Asia said in a statement.

In the Forbes list, there are four Indian entities --
Reliance Industries, Bharti Airtel, Infosys Technologies and
Tata Consultancy Services -- among the top ten firms in terms
of market value, while Reliance Industries and Tata Steel
feature in the top ten league in terms of sales.
Other than RIL, Infosys and Tata Steel, the other Indian
firms that have made it to the prestigious list include --
Adani Enterprise, Axis Bank, Bharat Heavy Electricals, Bharti
Airtel, HDFC bank, Jindal Steel & Power, Larsen and Toubro,
Mahindra & Mahindra, Tata Consultancy Services and Wipro.

The Indian league had four newcomers this year -- Adani
Enterprises, Axis Bank, Jindal Steel & Power and Tata
Consultancy Services -- and among the Indian firms returning
to the list include Bharat Heavy Electricals, Larsen & Toubro
and Reliance Industries.

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.

Taiwan moved up the ranking this year and is in the third
place with five companies on the list, all of which are from
the technology sector. Japan and Australia share the fourth
place with four companies each on the list.

The list included companies that have revenue and market
capitalisation of at least USD 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. PTI JB


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