12 Indian firms in Forbes' list of 'Fab 50' | india | Hindustan Times
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12 Indian firms in Forbes' list of 'Fab 50'

india Updated: Sep 23, 2006 21:44 IST

Bajaj Auto, BHEL, Infosys, ITC and RIL are among the 12 listed Indian companies which have figured in the latest list of "Fabulous 50" of prestigious international magazine 'Forbes Asia'.

This is the second annual "Fabulous 50" list, the best of Asia-Pacific's publicly traded companies with revenues or market capitalisation of at least five billion dollar.

Other Indian companies are ICICI Bank, HDFC Bank, L&T, Satyam Computers, Sterlite Industries, Tata Motors and Wipro.

India has been represented by the maximum number of companies followed by Japan with nine and South Korea and Taiwan with six companies each and China and Australia with five each.

Bajaj Auto has regained momentum in the battle of two-wheelers with its main competitor Hero Honda, Forbes said, adding "last year, Bajaj made 238 million dollars on sales of $ 1.9 billion, ensuring a spot on Forbes Asia's Fab 50 companies list."

BHEL's heavy order book for its turbines, boilers, valves and pumps are up six-fold over last year as the government pushes to increase industrial capacity and improve infrastructure.

BHEL with a market value of $ 11,835 million remains a favourite with overseas fund managers, says Forbes.