Sun Pharma, HCL and TCS in Forbes list of world’s most innovative companies

By: |
August 20, 2015 4:53 PM

Sun Pharma bags 71st position

Sun Pharma bags 71st position

Three Indian companies figure in Forbes’ annual list of ‘The World’s Most Innovative Companies’. 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.

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.

The other two companies who made it to the list are Hindustan Unilever in the 41st position and Tata Consultancy Services in the 64th spot.

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