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20 Indian companies in top 100 companies in Asia300 ranking

India's rise in rankings is remarkable, said Nikkei

Press Trust of India  |  New Delhi 

20 Indian companies in top 100 companies in Asia300 ranking

As many as 20 Indian firms have been named in the top 100 of Asian Review's Asia300 list, which was topped by Taiwan's Largan Precision. According to the Asian Review's second annual 300 Power Performers Ranking — a compilation of the most powerful and valuable listed in Asia, as many as three have made it to the top 10 list, while none had made the cut in the previous financial year. "India's rise in the rankings is remarkable," said, adding Indian players held 10 of the top 30 spots, outperforming their Chinese and Southeast Asian counterparts. The list was topped by Taiwan's Largan Precision, the world's leading maker of lenses for smartphone cameras. Indian IT service provider came in at the second place, followed by Entertainment Enterprises and at the third and fourth place respectively. Others in the top ten include, Semiconductor Manufacturing Co at the 5th position, Alibaba Group Holding (6th), Eclat Textile (7th), Vietnam Dairy Products (Vinamilk) (8th), Tencent Holdings, (9th) and Airports of Thailand at the 10th place. Other named among top 100 include Sun Pharmaceutical Industries at the 11th place, Infosys (15), ITC (16), Maruti Suzuki (17), Lupin (18), (24), (28), of (40), Godrej Consumer Products (41), Bajaj Auto (43), Wipro (48), Hero MotoCorp (57), Hindustan Unilever (62), Housing Development Finance Corp (71), Motherson Sumi Systems (72) and Vedanta at 93rd place. The Asia300 list consists of a total of 327 in India, China, Hong Kong, South Korea, and six other Southeast Asian nations. The ranked them based on average growth in sales and profit over the past five years, profitability, capital efficiency and financial soundness. "These results testify to India's solid personal consumption despite the government's demonetisation of two high-denomination bank notes last November," it said. The combined net profit of on the Asia300 list increased 9.8 per cent on the year, a sharp contrast to the 9.8 per cent fall for Chinese and Hong Kong combined, it added.

First Published: Thu, June 15 2017. 21:10 IST