Indian firms top Asia’s 50 best performers list


New Delhi : Two domestic firms — Siemens India and Unitech — have made to the top of a list of Asia’s 50 best performing companies, compiled by international financial magazine BusinessWeek, which includes a total of 10 Indian companies such as DLF, TCS, Tech Mahindra and ITC.
India has the maximum representation in the list, followed by China’s eight and six from Hong Kong.

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Siemens India, the domestic unit of German conglomerate Siemens AG, and real estate major Unitech have been ranked at the first and the second positions and are followed by China’s Alibaba.Com, China Molybdenum and Japan’s Inpex Holdings in the top five.

A total of seven Indian companies have made to the top 20 positions — drugmaker Cipla (sixth), ABB India (12th), Tech Mahindra (13th), Hindustan Zinc (17th) and DLF (18th).

Other Indian companies on the list include BHEL (27th), ITC (45th) and TCS (50th).

The rankings, compiled by Standard & Poor’s Compustat, are based on average return on capital and sales growth over the past three years, BusinessWeek said.

The magazine said that this year’s ranking of Asia’s best-performing companies attests to the continuing dynamism of India and Greater China. Among sectors, infrastructure and high tech made the strongest showings, it noted.

There are eight companies from China, six from Hong Kong, five each from Indonesia, Taiwan and Pakistan, four from Singapore, three from Korea and two each from Japan and Malaysia.