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HDFC on `Harvard Business Review' elite list of 10 cos

business Updated: Jan 17, 2012 21:47 IST

HDFC Bank has been featured by 'Harvard Business Review' on the list of 10 companies globally that have grown their net income by 5% every year for the 10-year period ended 2009, the private lender said on Tuesday.

The list is based on a survey, 'How the growth outliers do it', that covered 2,347 organisations, all with market capitalisation of USD 1 billion.

'Harvard Business Review' is a reputed general management magazine.

"These companies have been recognised for prospering over the long-term and being more stable and innovative than their competitors," the survey report said.

"They (the selected companies) make small bets early and diversify their portfolios, are active acquirers, have processes that support speed and flexibility, build innovations into everyday operations and hold to their talent and keep their senior leadership stable."

Referring to HDFC Bank, the report said the Indian lender had a history of entering into new growth markets like launching of international debit card, tele-banking, mobile banking and foreign exchange services among others.

Besides HDFC Bank, the other Indian company to be featured in the list is IT giant Infosys.

The list comprises three companies from US, two each from India and Spain, one each from Japan, Slovenia and China.