The Hindu : Business : 12 Indian firms in Forbes Asia list

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Friday, Sep 07, 2007
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12 Indian firms in Forbes Asia list

DALIAN (CHINA): China may be the ‘world’s factory,’ but Indian companies, led by TCS and Infosys, continue to outshine and dominate the annual ranking of big-cap, profitable companies in Asia.

A total of 12 Indian companies made it to the third annual Forbes Asia ‘Fabulous 50’ list, followed by Taiwan (10) and China (7), Forbes Asia said in a press release.

Four of India’s IT outsourcing companies made the cut, including Tata Consultancy Services.

The 12 Indian companies on the list are:

Bharat Heavy Electricals Ltd.

Bharti Airtel

Grasim Industries

HDFC Bank

ICICI Bank

Infosys Technologies

Larsen & Toubro

Reliance Industries

Satyam Computer Services

Tata Consultancy Services

Tata Steel

Wipro

Most Indian firms on the list, however, did not have to leave home to find success, the release noted.

With a relatively young population of 1.1 billion, India has its own huge market.

Companies such as ICICI Bank, HDFC Bank and Bharti Airtel are growing fast by reaching out to the country’s rural customers, not to Western markets.

Others, such as Grasim, Larsen & Toubro and Reliance Industries, are shoring up the country’s infrastructure at a furious pace, the release added. — PTI

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