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Rediff.com  » Business » 20 Indian cos amongst Forbes best small firms

20 Indian cos amongst Forbes best small firms

Source: PTI
November 17, 2005 12:40 IST
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Asian Paints, Cipla, Bharat Forge, Dabur India, Nicholas Piramal and Satyam Computer Services are among the 20 Indian corporate entities that have found place in Forbes' list of 'Best Small Asian Companies'.

The other Indian companies making to the list include Ballarpur Industries, Balrampur Chini Mills, Essel Propack, GE Shipping, HDFC Bank, Hinduja TMT, IPCA Laboratories, Indian Hume Pipe, JB Chemicals and Pharmaceuticals, Kesoram Industries, Nagarjuna Construction, Sun Pharma, Thermax and Zee Telefilms.

Indian companies from varied sectors like chemicals, forest products, food processing, drugs, oil refining and construction made it to the Asia-Pacific list, which values both growth and consistency in companies from countries like Australia, Japan, Malaysia, Hong Kong, South Korea and China.

Forbes has selected 200 'Best Under a Billion' companies from the region's listed companies.

"We required positive earnings growth during the past few years. And we asked for a pretax margin of at least five per cent in the latest fiscal year because tax laws can vary widely from country to country, making bottomline comparisons unfair," Forbes said.

Commenting on the robustness of the various companies on the list and their worth for shareholders, Forbes said, "Unlike their US counterparts on the 'Forbes 200 Best Small Companies' list, which frequently do not pay dividends, nearly all of our best Asian companies offer payouts. The average yields: Asia-Pacific 2.5 per cent, US. 1.1 per cent," it said.

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