Yesterday Forbes Asia released a list of Top 50 biggest listed Companies in Asia-Pacific region. As expected, Asian economic powerhouses China and India dominated the list with having 32 companies in top 50. You would be surprised to know in 2005, when the list was first compiled, only five Chinese and three Indian companies came in the list. India and China have both 16 companies each on the list, followed by Hong Kong and Taiwan (4 each), South Korea (3), Australia and Japan (2 each) and Indonesia, Singapore and Thailand (1 each).
These 50 companies were picked by Forbes magazine from 936 shortlisted listed firms that had revenues or market capitalisation of at least US$3 billion (S$4 billion) as at Sept 1 2010, and a five-year record for revenue, operating earnings and return on capital.
Top 50 Asian Companies (in alphabetical order) ::
- Acer
- Adani Enterprises
- Agile Property Holdings
- Axis Bank
- Bank Central Asia
- Banpu
- Belle International Holdings
- Bharat Heavy Electricals
- Changsha Zoomlion Heavy Indus
- China Life Insurance
- China Mengniu Dairy
- Digital China Holdings
- Dongfang Electric
- Dr. Reddy’s Laboratories
- GD Midea Holding
- Glovis
- Gree Electric Appliances
- HCL Technologies
- HDFC Bank
- Hengan International Group
- Hindalco Industries
- HTC
- Infosys Technologies
- ITC
- Jindal Steel & Power
- JSW Steel
- Kotak Mahindra Bank
- Larsen & Toubro
- Lenovo Group
- Li & Fung
- Mahindra & Mahindra
- MediaTek
- NHN
- Nine Dragons Paper Holdings
- Nintendo
- Noble Group
- Olam International
- Rakuten
- Rio Tinto
- SAIC Motor
- Samsung Engineering
- Sany Heavy Industry
- Shandong Gold Mining
- Sterlite Industries
- Suning Appliance
- Tata Consultancy Services
- Tencent Holdings
- Tingyi Holding
- Want Want China Holdings
- Wesfarmers
The Sixteen Indian Companies which are part of this elite list are:
- Infosys
- Tata Consultancy Service
- ITC
- Mahindra and Mahindra
- Adani Enterprises
- Axis Bank
- Bharat Heavy Electricals
- Dr Reddy’s Laboratories
- HCL Technologies
- HDFC Bank
- Hindalco Industries
- Jindal Steel and Power
- JSW Steel
- Kotak Mahindra Bank
- Larsen and Toubro
- Sterlite Industries.
“Economies around Asia bounced back last year and so did many of our Fabulous 50 companies. Earnings, revenues and stock prices soared almost across the board after a rocky time the previous year,” Forbes Magazine.