20 Indian cos in Forbes list

New Delhi, Nov 17 | Updated: Nov 18 2005, 05:58am hrs
Asian Paints, Cipla, Bharat Forge, Dabur India, Nicholas Piramal and Satyam Computer Services are among the 20 Indian corporate entities that have found place in Forbes list of Best small Asian companies.

The other Indian companies making to the list include Ballarpur Industries, Balrampur Chini Mills, Essel Propack, GE Shipping, HDFC Bank, Hinduja TMT, Ipca Laboratories, Indian Hume Pipe, JB Chemicals and Pharmaceuticals, Kesoram Industries, Nagarjuna Construction, Sun Pharma, Thermax and Zee Telefilms.

Indian companies from varied sectors like chemicals, forest products, food processing, drugs, oil refining and construction made it to the Asia-Pacific list, which values both growth and consistency in companies from countries like Australia, Japan, Malaysia, Hong Kong, South Korea and China.

Forbes has selected 200 best under a billion companies from the regions listed companies.

We required positive earnings growth during the past few years. And we asked for a pre-tax margin of at least 5% in the latest fiscal year because tax laws can vary widely from country to country, making bottomline comparisons unfair, Forbes said.

Commenting on the robustness of the various companies on the list and their worth for shareholders, Forbes said, Unlike their US counterparts on the Forbes 200 best small companies list, which frequently do not pay dividends, nearly all of our best Asian companies offer payouts. The average yields: Asia-Pacific 2.5%, US 1.1%, it said.

-PTI