Thursday, September 06, 2007

Forbes Asian Fab 50

India is again home to more Fab 50 companies than anywhere else. Twelve Indian firms made the cut, including its Big Four information technology outsourcers.

Of the other eight that make the list, companies such as ICICI Bank, HDFC Bank and Bharti Airtel are growing fast by reaching out to India's rural customers, not to Western markets. Others, such as Grasim, Larsen & Toubro and Reliance, are shoring up the country's infrastructure at a furious pace.

Company Country Market Value ($bil) Sales Industry
Bharat Heavy Electricals India 20.4 3.8 Capital Goods
Bharti Airtel India 39.2 4.3 Telecommunications Services
Grasim Industries India 6.5 3.2 Construction
HDFC Bank India 9.8 2.0 Banking
Icici Bank India 22.9 9.8 Banking
Infosys Technologies India 27.4 3.2 Software & Services
Larsen & Toubro India 17.0 4.7 Capital Goods
Reliance Industries India 62.1 23.3 Oil & Gas Operations
Satyam Comp. Services India 7.9 1.5 Software & Services
Tata Consultancy Services India 27.6 4.3 Software & Services
Tata Steel India 9.5 5.8 Materials
Wipro India 17.2 3.5 Software & Services

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