HDFC in Forbes Asia's top 50 list

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Posted: 2008-09-25 16:09:54+05:30 IST
Updated: Sep 25, 2008 at 1609 hrs IST

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For the second year running, HDFC Bank has featured in the prestigious 'Forbes Asia's Fabulous 50 List of companies' chosen from 500 publicly traded (listed) companies in Asia Pacific with revenues or market capitalisation in excess of USD five billion (INR 22,330 crore)

HDFC bank is the only bank from India, and only four of the 'Fab 50' companies are banks, it said in a statement. Nine other Indian companies -- Infosys Technologies, Wipro, Reliance Industries, Bharat Heavy Electricials Ltd, Larsen and Toubro, Tata Steel, Bharati Airtel, Mahindra and Mahindra and ITC -- also made it to the list, it said.

China topped the 'Fab 50' list with a representation of 13 companies followed by India with ten.

The 'Fab 50' companies have been stacked up on parameters of robustness like long-term profitability, stock price appreciation,sales and earnings growth,and projected earnings.

Companies have been recognised for their sheer resilience, "It's easy to pick winners when business is booming," the magazine points out. "Many on this list have shown they can outperform in good times and bad".

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HDFC in Forbes Asia's top 50 list

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