With ten firms on Forbes Asia Fabulous 50 list again, India claims the second-highest number of companies for the fifth year in a row. South Korea is next with four. Philippines, Thailand, Malaysia, Singapore have two each and Taiwan, Japan and Indonesia one each.
The Indian companies, which are on the list are: Aurobindo Pharma, HCL Technologies, HDFC Bank, Lupin, Motherson Sumi Systems, Sun Pharmaceutical Industries, Tata Consultancy Services, Tata Motors, Tech Mahindra, and Titan.
According to a US business magazine, Forbes, the Fabulous 50’s brightest star over the decade, India’s HDFC Bank, made its debut in the list first time in 2006. However, it has now made a record by being on the list nine times, more than any other company.
HDFC is the second-largest bank in India’s private sector, after ICICI Bank.
The bank now has a market capitalization of $43 billion, nearly 32 million customers and a network spanning more than 4,000 branches in almost 2,500 towns and cities.
The bank’s managing director, Aditya Puri is also a subject of the cover story in the August issue of Forbes Asia.
Forbes Asia’s “Fabulous 50” companies are the best of Asia Pacific’s biggest publicly traded companies, with at least US$3 billion in annual revenue or market capitalization. Companies are selected from a pool of more than 1,200 companies and they are analyzed in several areas, including revenue, profits, return on capital, share-price movements and outlook.
This year, however, marked the 10th anniversary of the Forbes Asia’s Fabulous 50 list.
Apart from this, China has 25 names on the annual list, up from 16 last year and more than any other country for the fifth year in a row. It also boasts of the list’s most valuable company – Tencent, now worth $176.5 billion – and its biggest, Lenovo, which generated $46.3 billion in revenue last year.