A Prestigious US Magazine in its Asian version has listed 11 Indian companies in its top 50 Asian companies list making India at the second position after China amongst top industrial countries in Asia.
Forbes, a prestigious magazine in its Asian version Forbes Asia has listed 11 Indian firms including software firms like Tata Consultancy Services (TCS), HCL Technologies making India at the second position after China, which 23 companies have been listed.
Last year too China was on the top. South Korea is at the third position having four companies this year as against last year's eight.
Malaysia, Japan, Philippines and Singapore each had one representative on this year's list.
A slowing economy weeded out the merely good companies from the truly great ones, Forbes said noting 15 companies are new this year. Another ten returned after falling off in past years.
Several leading names that claimed a spot year after year-such as Australia's Wesfarmers, India's Mahindra & Mahindra and Taiwan's HTC-failed to repeat this time.
Titan Industries, India's jewellery and watch king is also profiled by Forbes among the well-managed, fast-growing outfits.
Among executives and founders of these Asia Fab 50 companies, who also figure in Forbes list of billionaires are Uday Kotak and Aloke Lohia, one-third owner of Indorama Ventures, ranked eight with an estimated net worth of $1.6 billion.
The companies were chosen from a pool of 1,295 that had at least $3 billion in annual revenue or market cap.
The Indian companies in the list with their ranks were: Tata Consultancy Services (4), ITC (5), HDFC Bank (6), Bharti Airtel (9), Tata Motors (16), Sun Pharmaceutical Industries (18), Bajaj Auto (27), Kotak Mahindra Bank (29), HCL Technologies (33), Titan Industries (37) and Asian Paints (41).
--With IANS Inputs--
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