India tops the Forbes Asia-Pacific Fabulous 50 List with 12 companies
Forbes has announced the Asia Fab 50 list for 2007. The 3rd Annual Fabulous 50 list the most best of biggest listed companies from the Asia-Pacific region. Acer from 
Taiwan has topped the list, with Indian companies Bharat Heavy Electricals (BHEL) and Bharti Airtel at the 2nd the 3rd slots respectively. Bajaj Auto Limited which figured in the list in 2006 at the 2nd position has failed to make it as one of the fabulous 50 companies of the region, whereas the public sector heavy electricals giant of the country, BHEL has jumped up 2 slots to replace Bajaj as the second most fabulous company in the Asia Pacific region for this year. Two companies from the TATA group are on the list - TCS at #40 and Tata Steel at #41. Twelve companies in the list are of Indian, the largest representation by any country. 10 companies are on the list from Taiwan, out of which Acer has occupied the first slot. China has been placed third with seven businesses including China Mobile and Lenovo Group.
Taiwan has topped the list, with Indian companies Bharat Heavy Electricals (BHEL) and Bharti Airtel at the 2nd the 3rd slots respectively. Bajaj Auto Limited which figured in the list in 2006 at the 2nd position has failed to make it as one of the fabulous 50 companies of the region, whereas the public sector heavy electricals giant of the country, BHEL has jumped up 2 slots to replace Bajaj as the second most fabulous company in the Asia Pacific region for this year. Two companies from the TATA group are on the list - TCS at #40 and Tata Steel at #41. Twelve companies in the list are of Indian, the largest representation by any country. 10 companies are on the list from Taiwan, out of which Acer has occupied the first slot. China has been placed third with seven businesses including China Mobile and Lenovo Group. "With a relatively young population of 1.1 billion, India has its own huge market," the US magazine said.
"Companies such as ICICI Bank, HDFC Bank and Bharti Airtel are growing fast by reaching out to the country's rural customers, not to Western markets."
Other companies on the list include some of Asia's most well-known brands such as Hong Kong carrier Cathay Pacific Airways and video game console maker Nintendo of Japan.
Methodology:-
To compile list, Forbes looked at long-term profitability, sales and earnings growth, stock price appreciation and projected earnings for every company in the region with revenues or market capitalization of at least $5 billion.
Waiting in the Wings:-
As per the Forbes website, if the recent results continue, Kotak Mahindra Bank and Suzlon Energy from India may contend for the Fab 50 list next year. Please watch out.
Complete Report : Forbes Third Annual Asia Pacific Fabulous 50 - 2007
The Fabulous 50
- Acer
- Bharat Heavy Electricals
- Bharti Airtel
- BHP Billiton
- Brambles
- Cathay Pacific Airways
- Chi Mei Optoelectronics
- China Minsheng Banking
- China Mobile
- China Shenhua Energy
- CNOOC
- Compal Electronics
- Daewoo Shipbuilding & Marine
- Delta Electronics
- Doosan Infracore
- Esprit Holdings
- Formosa Petrochemical
- Grasim Industries
- HDFC Bank
- Hon Hai Precision Industry
- Ibiden
- Icici Bank
- Infosys Technologies
- IOI Corp
- Larsen & Toubro
- Leighton Holdings
- Lenovo Group
- LG Corp
- Li & Fung
- MediaTek
- Minmetals Development
- Neptune Orient Lines
- Nintendo
- Noble Group
- Pou Chen
- Reliance Industries
- Satyam Computer Services
- SembCorp Industries
- Taiwan Semiconductor Manufacturing
- Tata Consultancy Services
- Tata Steel
- Telekomunikasi Indonesia
- Toll Holdings
- Toyota Boshoku
- Wipro
- Wistron
- Woolworths
- Wuhan Iron & Steel
- Yahoo Japan
- Yamada Denki
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