New York: Thirty nine Indian companies,
including Jindal Drilling & Industries and Emami have made it
to Asia`s `Best Under A Billion` 2010 list of companies
compiled by the Forbes magazine.
Among the 200 companies listed by the magazine, 39 are
from India while 71 firms are based in China and Hong Kong.
The number of Indian companies has increased from 20 in last
"India is in second place with 39 entities, 19 more than
last year, thus making it the biggest gainer. More Indian
companies made it to the list this year as the country is less
open than many other Asian economies and was therefore less
affected by the global downturn," Forbes said in a statement
Other Indian firms in the list include Allied Digital
Services, Exide Industries, Jubilant Organosys, Spice
Mobility, Zydus Wellness, Amara Raja Industries, Compact Disc
India, Everonn Education and Micro Technologies.
The `Best Under A Billion` list is chosen from nearly
13,000 publicly-listed Asia-Pacific companies with actively
traded shares and having sales in the range of USD 5 million-
USD 1 billion.
The selection of the best 200 companies is based on
earnings growth, sales growth, and shareholders` return on
equity in the past 12 months and over three years.
According to Forbes, the latest list has 151 new entrants
as compared to 136 last year. Information technology, health
care and electronics companies accounted for nearly half of
the 200 entities.
Indian entities such as Ashiana Housing, Banco Products
(India), Bliss GVS Pharma, Deep Industries, Glodyne
Technoserve, Kaveri Seed, KNR Constructions, ELGI Equipments
and ICSA (India) are also part of the list.