ICICI Bank, HUL in Forbes’ best firms list

Press Trust of India

Posted: Saturday, Nov 21, 2009 at 0002 hrs IST
Updated: Saturday, Nov 21, 2009 at 0002 hrs IST


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New York: Indian private sector lender ICICI Bank and global consumer goods giant Unilever’s India-based subsidiary have been named in a list of world’s 10 best companies for leaders.

The list, compiled by business magazine Fortune, is topped by global technology giant IBM. Proctor & Gamble has been ranked second, followed by General Mills and McKinsey at third and fourth position respectively. Fortune said the list has been compiled by ranking the most successful businesses that are the best at developing employee talent.

With a revenue of$ 7.4 billion and 36,335 employees, ICICI Bank has been ranked at the fifth position. Hindustan Unilever, the Indian arm of Unilever, has been ranked 10th.

About ICICI Bank the magazine said, “ICICI doesn’t just have recruiters trolling for talent outside of the company; it also has 600 employees who act as talent scouts internally, identifying coworkers with leadership potential.”

The internal recruiters tap 5,000 candidates a year, adding that these trainees are the only employees who get company stock options, the magazine said.

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