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17 Indian firms to be part of global growth companies

business Updated: Nov 06, 2014 00:43 IST
HT Correspondent
HT Correspondent
Hindustan Times
World Economic Forum

The World Economic Forum (WEF) has selected 17 Indian companies to be part of its Global Growth Companies (GGCs) in South Asia. GGCs, which represents sectors such as banking, retail, information technology, chemicals and energy, are nominated on the basis of their ability to become future global leaders.

The selected companies include 4G Identity Solutions, ANI Technologies, Avesthagen, Bandhan Financial Services, Centum Electronics, Finolex, Flipkart, Forbes Marshall, InterGlobe Enterprises, Justdial, MakeMyTrip, Nash Industries, Persistent Systems, Radikal Foods, RBL Bank, Sobha, and Transasia Bio-Medicals.

According to WEF, these are the region’s most dynamic and high-growth companies, and are considered trailblazers and innovators committed to improving the state of the world.

Globally, WEF has identified 370 companies as GGCs. The nominated companies share a track record of exceeding industry expectations in terms of revenue growth, promotion of innovative business practices and demonstration of leadership.

“We look forward to the active role they will play at our meeting in New Delhi, working with the region’s leaders to foster inclusive and sustainable growth,” said David Aikman, MD and head of New Champions, WEF.