11 Indian companies in Forbes Asia’s ‘Best Under A Billion’ list

SMS VARANASI

i) As many as 11 Indian companies including Avanti Feeds LtdBSE 0.37 % and Borosil Glass WorksBSE 0.11 % are ranked among top 200 Asia Pacific corporations in Forbes Asia’s ‘Best Under A Billion’ list.
ii) The list covers public companies with annual revenue of $5 million to $1 billion, Forbes said, adding that they should also have positive net income and should be publicly traded for at least a year.
iii) Companies from mainland China & Hong Kong (84) as well as Taiwan (36) dominated this year’s list accounting for 60 per cent of the top 200 publicly-traded companies in the Asia Pacific region.
iv) With 11 companies, India was ranked fourth on the list after South Korea which has 17 firms in the coveted list.
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