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Hindustan Media Ventures in Forbes list

Hindustan Media Ventures Ltd (HMVL) has been named by Forbes as one of the Best Under A Billion companies in the Asia-Pacific region.

business Updated: Sep 04, 2011 21:15 IST
HT Correspondent

Hindustan Media Ventures Ltd (HMVL) has been named by Forbes as one of the Best Under A Billion companies in the Asia-Pacific region.

It is one of the 39 Indian companies that have found a place on Forbes Asia's list of 200.

HMVL, the publisher of Hindustan, one of India's leading Hindi language dailies, is the only Indian media company in the list.

To qualify for the list, companies must have annual revenue between $5 million (R23 crore) and $1 billion (Rs 4,500 crore) and be publicly traded for at least a year.

"Being included on this list is a testament to our commitment towards our readers and customers," said Amit Chopra, CEO, HMVL. "This honour has bolstered our objective of maintaining the highest standards of journalistic integrity and remaining the preferred daily across the Hindi-belt."

The company's primary publication, Hindustan, consolidated its leadership position in the Delhi-NCR, Bihar, Jharkhand, UP, Uttarakhand and the entire Hindi-belt. HMVL's IPO, floated in April 2010, was very well received by investors.