1. Asian Paints, TCS among 5 Indian companies in Forbes world’s 100 most innovative list

Asian Paints, TCS among 5 Indian companies in Forbes world’s 100 most innovative list

Asian Paints has been ranked 18 (which makes it the highest ranked Indian firm) in the list topped by US company Tesla Motors for second consecutive year in Forbes’ sixth annual ranking of The World’s Most Innovative Companies.

By: | Published: August 25, 2016 10:33 AM
 Asian Paints among Forbes world's 25 most innovative companies list Asian Paints has been ranked 18 (which makes it the highest ranked Indian firm) in the list topped by US company Tesla Motors for second consecutive year in Forbes’ sixth annual ranking of The World’s Most Innovative Companies.

India’s Asian Paints has made it to the Forbes list of 25 most innovative companies. Asian Paints has been ranked 18 (which makes it the highest ranked Indian firm) in the list topped by Tesla Motors for second consecutive year in Forbes’ sixth annual ranking of The World’s Most Innovative Companies. Four other major Indian companies including Hindustan Unilever, Tata Consultancy Services, Sun Pharma and Larsen & Toubro have made it to the Forbes’s list of 100 world’s most innovative companies. These are the companies that investors feel are most likely to come up with the next big innovation.

According to Forbes release, the World’s Most Innovative Companies list were ranked on the basis of creative disruption and how new players come in, innovate and garner the attention of investors.

Out of ten companies in the list, nine are US based, which investors are expecting to increase. Salesforce has retained the number 2 spot for second year in a row, followed by Regeneron Pharmaceuticals at No. 3, Incyte at No. 4 and Alexion Pharmaceuticals at No. 5.

“The World’s Most Innovative Companies list demonstrates creative disruption and how new players come in, innovate and garner the attention of investors. Innovation upstarts Under Armour Inc. (No.6) and Monster Beverage Corp. (No. 7) are dethroning former innovation leaders in their field like Nike and Coca Cola (No. 93). The same could be said for Amazon (No. 11) outdistancing Walmart,” Forbes said.

The companies have been ranked by their innovation premium: the difference between their market capitalisation and the net present value of cash flows from existing businesses (based on a proprietary algorithm from Credit Suisse HOLT). The difference between them is the bonus given by equity investors on the educated hunch that the company will continue to come up with profitable new growth. To be included on the list, firms need seven years of financial data and $10 billion in market cap.

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