HUL, TCS, Sun Pharma in Forbes list of world’s most innovative companies; Tesla Motors tops

Tesla Motors tops the list Forbes World’s Most Innovative Companies with 3 Indian companies -HUL, TCS and Sun Pharma – ranked 41st, 64th and 71st.

Hindustan Unilever Q4 result
Hindustan Unilever Q4 results: The FMCG firm reported 7 per cent rise in net profit figures at Rs 1089.59 crore for the quarter under review against Rs 1018.08 crore in the corresponding quarter a year ago. (Photo: Reuters)

Three Indian companies figure in Forbes’ annual list of The World’s Most Innovative Companies topped by Tesla Motors, leading maker of fully electric vehicles.

Ranked 41st, Hindustan Unilever, India-based fast moving consumer goods company, tops the list of Indian Innovative Companies.

It operates in seven business segments ranging from soaps and detergents to tea and coffee and packaged foods.

It’s followed by Tata Consultancy Services in the 64th spot. India’s largest IT company appears on the list for the eighth time.

It took a major step toward bolstering its digital services with a training programme in digital technologies for a third of its workforce.

Ranked 71st, Sun Pharma Industries, India’s largest drugs company, with 45 manufacturing sites across the globe, appears on the list for the fourth straight time.

Worldwide, has been pushed to the No. 2 spot for the first time in five years. Alexion Pharmaceuticals follows at No. 3 for the fourth consecutive year.

Rounding out the top five are Regeneron Pharmaceuticals at No. 4 and ARM Holdings at No. 5.

The rankings are based on, what the US business magazine calls an innovation premium (IP), the difference between a firm’s enterprise value and a net present value of cash flows from its existing businesses.

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First published on: 20-08-2015 at 11:11 IST