20 Indian COs in Forbes Asia List

Forbes has picked 20 companies from India in its list this year. The companies have made the cut to enter the list of 200 best companies having sales less than $1 billion in the Asia-Pacific region.

Biotech company Biocon, industrial equipment firm AIA Engineering, IT outsourcing firm Allied Digital Services, software entity AurinoPro Solutions and construction materials company Birla feature in the league of 200 companies.

As per Forbes, all have either increased sales and profits over the past 12 months or are forecast to do so in coming quarters. Apparel, media, technology and health care led the way. Nearly 40 per cent of the companies are from greater China.  Some other names in the list are Deepak Fertilisers, Divi’s Laboratories, Everest Kanto, FDC, Geodesic and ICSA.

In the 200 league are IT firms GSS America and Micro Technologies, infrastructure firm IVRCL Infrastructure, security systems entity Nitin Fire Protection, medical devices company Opto Circuits, aluminium foil maker Parekh Aluminex, television broadcaster Raj Television and oil exploration firm Selan Exploration Technology.

The top 200 companies were picked from over 12,000 publicly-listed firms with sales of less than $1 billion in the Asia-Pacific region. Magazine said that they were vetted for consistent growth of both sales and profits over three years, modest indebtedness and future prospects. India has ranked at the fourth place with 20 entries, followed by Australia with 18.