Cognizant Technology Solutions and Pepsico, both led by India-origin people, have found a place in the list of 50 best American corporates compiled by the BusinessWeek magazine.IT major Cognizant ranked at the 31st spot is led by Francisco D'Souza, while snacks and beverages firm Pepsico, which is at the 40th spot, is headed by Indra Nooyi.
The league of 50 best corporate performers is topped by healthcare entity Gilead Sciences. CF Industries Holdings, which is into materials sector, and energy firm Diamond Offshore Drilling are at second and third spots, respectively.Both Cognizant and Pepsico have slipped from their last year's 19th and 31st positions, respectively.
However, Pepsico's rival Coca-Cola is at the 26th spot, improving its position from the 45th rank last year.
At fourth place is Windstream, which is into telecommunication services, followed by Colgate-Palmolive (5th), Robinson (CH) Worldwide (6), Exelon (7), Microsoft (8), Best Buy (9) and Mastercard (10).The ranking is based on two core financial measures — average return on capital and growth — both taken over the previous 36 months.IPhone maker Apple (15th rank), telecom firm Verizon Communications (21st) and Internet search giant Google (35th) are also part of the list.