As many as 10 Indian companies, including Aurobindo Pharma, HCL Technologies, Tata Consultancy Services, and HDFC Bank, have made it to the Forbes Asia Fabulous 50 list. India has the second-highest number of companies on the list for the fifth year in a row, Forbes said in the list released yesterday.
Forbes further said that the Fab 50's brightest star, over the decade, was India's HDFC Bank. The bank has made it to the list nine times, more than any other company. The other Indian companies on the list include Lupin, Motherson Sumi Systems, Sun Pharma Industries, Tata Motors, Tech Mahindra and Titan.
The list was dominated by Chinese companies as the country took over half of the spots in the coveted list of Asia-Pacific's 50 best and big public companies. Moreover, China boasts the list's most valuable company – Tencent, which is worth USD 176.5 billion – and its biggest, Lenovo, which generated USD 46.3 billion in revenue last year.
After China and India, South Korea has the highest number of companies with four firms, while Malaysia, Philippines and Singapore have two firms each and Indonesia, Japan have one firm each on the list.
The 'Fab 50' companies were chosen from a pool of 1,116 firms that have at least USD 3 billion in annual revenue or market cap. Moreover, companies must be publicly traded for at least a year, and hence Alibaba, which listed last September, was not featured in the list, Forbes said.
7 In Fortune 500 Largest Companies
Seven Indian companies, including Reliance Industries and Tata Motors, are among the world's 500 largest companies, according to a list compiled by Fortune that has been topped by retail giant Walmart.
The Indian companies on the 2015 Fortune Global 500 list are Indian Oil ranked 119 on the list with revenues of about USD 74 billion, Reliance Industries (158) with revenues of USD 62 billion, Tata Motors with revenues of USD 42 billion (254), State Bank of India with revenues of USD 42 billion (260), Bharat Petroleum with revenues of USD 40 billion (280), Hindustan Petroleum with revenues of USD 35 billion (327) and Oil and Natural Gas with with revenues of USD 26 billion (449).
While Indian Oil, Reliance, Bharat Petroleum, Hindustan Petroleum, and Oil and Natural Gas slipped in rankings from the previous year, Tata Motors and SBI improved in rankings.
The list has been topped by Walmart, which has retained its numero uno spot. It is followed by Chinese petroleum refining giant Sinopec Group on the second spot, Netherlands- based Royal Dutch Shell (3), China National Petroleum (4) and Exxon Mobil (5).
The US is home to 128 of the 500 global companies. The world's 500 largest companies generated USD 31.2 trillion in revenues and USD 1.7 trillion in profits in 2014. (PTI)