21 Indian cos on global challengers list
Even a few lesser known firms have found place on the list of 100 prepared by US-based consulting firm BCG.india Updated: Jun 07, 2006 13:48 IST
While the bulls of the stock market seem to have bowed under the ensuing bear pressure, country's corporate tigers are roaring in the global arena with as many as 21 Indian companies making it to the list of 100 top emerging global challengers.
Along with obvious names like IT majors Infosys, TCS, Wipro, Satyam Computer and the Reliance Group, their lesser known cousins like Bharat Forge and Crompton Greaves have also found place on the elite list of 100 companies from the rapidly developing economies prepared by the Boston Consulting Group (BCG), a US-based international strategy and management consulting firm.
The latest BCG study of emerging market leaders named The New Global Challengers reveals that these companies are on track to become major 21st century multinationals and would play an important role in the radical transformation of industries and markets across the world.
India stands only next to China in terms of the total number of companies present on the RDE-100 list -- with the latter topping the chart with 44 entries.
However, India scores considerably over China in terms of its participation from the IT, automotive and pharmaceutical industries.
In fact, the presence of the auto industry has also surpassed the much-hyped IT sector with as many as five Indian auto companies making it to the list, which includes Tata Motors, Bajaj Auto, TVS Motors, Mahindra and Mahindra and Bharat Forge.