Home > Business > PTI > Report
8 Indian cos in Forbes A-List
September 14, 2004 10:29 IST
Eight Indian companies, including Reliance Industries, Bharti Tele-ventures and software giants Infosys and Wipro have made it to the Forbes A-List featuring 400 most attractive companies for investors.
The others figuring in the magazine's list are Bharat Petroleum Corp and Oil and Natural Gas Corporation in the energy sector while State Bank of India gets the honour in the banking sector, and ITC in consumer goods.
These companies, Forbes said, "offer sustainability and prospect for growth investment".
Three of the selected Indian companies have achieved a sales turnover in the region of $12 billion -- SBI ($12.1 billion) Bharat Petroleum ($12 billion) and Reliance ($11.8 billion).
ONGC leads the table with $21.3 billion followed by Reliance ($14.4 billion) and Infosys ($8.6 billion) in terms of market capitalisation.
Three big Indian companies -- Indian Oil, Hindustan Petroleum Corp and Hindustan Lever -- which featured in last year's list have failed to find a place this time.
Among the 400 best-performing big companies in the world, there are 142 firms from the US. The country was, however, beaten overall by the 144 successful European companies. Germany has 20 firms while France - last year's European leader - has 19 and the United Kingdom 32.