12 Indian cos among best-performers in Asia

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Powered by profitability as well as shareholder returns, 12 Indian entities have made it to the list of Asia's 50 best performing companies the maximum for any country in the region. More... 12 Indian cos among best-performers in Asia New Delhi, September 9: Powered by their robust revenue growth and profitability as well as shareholder returns, 12 Indian entities have made it to the list of Asia's 50 best performing companies the maximum for any country in the region. The list, compiled by US magazine BusinessWeek includes housing finance giant HDFC, automakers Hero Honda and Tata Motors and two other Tata group firms software company TCS and world's sixth largest steelmaker Tata Steel. Besides, three companies Siemens India (4th), Sterlite Industries (6th) and Cipla (10th) have made to the top ten of BusinessWeek Asia 50, which has been published in the latest September 17 issue of the magazine. Among these 50 companies, Tata Consultancy Services (23rd) is on top in terms of stock market value with a market capitalisation of about 27.5 billion dollars. Besides, Sterlite, BHEL (44th) and ITC (24th) also figure in the list of top 10 firms in terms of market value. The ranking of other Indian firms are Suzlon Energy (16th), Hero Honda Motors (20th), Tata Motors (28), Tata Steel (40), HDFC (45th) and Sun Pharmaceutical Industries (48th). "Most of the Indian companies on our list endured decades of socialist rule, which starved them of capital and technology but guaranteed them a captive market," the magazine said in its report on the Indian firms. BusinessWeek is a publication of US-based McGraw-Hills Companies.

[King]

TCS has a decent presence in NZ and Aussie too. India's economy now is truly looking up. I guess in the years to come it will end up being a super power.