10 Indian Companies in Forbes Asia Fab 50
Posted on: 2015-07-31 Posted by: CLAT Gurukul Category: Archive Blog
As many as 10 Indian companies, including Aurobindo Pharma, HCL Technologies, Tata Consultancy Services, and HDFC Bank, have made it to the Forbes Asia Fabulous 50 list. India has the second-highest number of companies on the list for the fifth year in a row, Forbes said. Forbes further said that the Fab 50's brightest star, over the decade, was India's HDFC Bank. The bank has made to the list nine times, more than any other company. The other Indian companies on the list include Lupin, Motherson Sumi Systems, Sun Pharma Industries, Tata Motors, Tech Mahindra and Titan. HDFC Bank is the second-largest private sector bank in India. It boasts of nearly 32 million customers and a network spanning more than 4,000 branches in almost 2,500 towns and cities. The list was dominated by Chinese companies as the country took over half of the spots in the coveted list of Asia-Pacific's 50 best and big public companies. Moreover, China boasts the list's most valuable company - Tencent, which is worth $176.5 billion - and its biggest, Lenovo, which generated $46.3 billion in revenue last year. After China and India, South Korea has the highest number of companies with four firms, while Malaysia, Philippines and Singapore have two firms each and Indonesia, Japan have one firm each on the list. The 'Fab 50' companies were chosen from a pool of 1,116 firms that have at least $3 billion in annual revenue or market cap. Source: Hindustan Times
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