Starting out as a newswire journalist covering beats as diverse as business, politics, entertainment, crime, civic affairs, cricket and defence, I was keen to pursue a career in print or broadcast journalism. But the emerging world of multimedia storytelling promised a fascinating future, and I changed my focus to digital media more than a decade ago. Before Forbes India, I have worked for organisations such as ANI, Money Control, Arabian Business, Yahoo India and VFS Global. I hold master's degrees in Communication Studies (University of Pune, India) and Journalism (University of Westminster, London, UK).
Seven Indian companies have made it to Forbes Asia’s 'Best under a Billion' list of the top 200 publicly traded companies in the Asia-Pacific region.
The annual list honours companies in the region with annual revenue between $5 million and $1 billion, have positive net income and have been publicly traded for at least a year. The top-ranked candidates were screened from among 17,000 companies, based on their sales growth and earnings growth in the past 12 months and over three years, and for the strongest five-year return on equity.
With a market cap of $97 million, Mumbai-headquartered Byke Hospitality is among the Indian companies in the list. The other entries include Chennai-based pharma company Caplin Point Laboratories ($237 million market cap); contraceptives-maker Cupid Limited ($47 million market cap); Mumbai-based liquour manufacturer G.M. Breweries ($113 million market cap); Ahmedabad-based conglomerate Stovec Industries ($67 million market cap); NGL Fine-Chem ($22 million market cap); and telecom-infrastructure provider Suyog Telematics ($42 million market cap).
There is, however, a decline in the Indian representation in the list. Just five years ago, India had 35 companies among Forbes Asia’s ‘Best under a Billion’.
Companies from mainland China, Hong Kong and Taiwan accounted for 65% of the 2016 list. In terms of top countries featuring in ‘Best under a Billion’, a total of 98 companies were from China and Hong Kong; followed by Taiwan (32), South Korea (16), Japan (13), and India, Pakistan and Australia with 7 companies each. As many as 116 firms are new entrants among the top 200 publicly-traded companies.
Tim Ferguson, Editor of Forbes Asia, said: “Even if the Chinese economy continues to slow, the rest of Asia—if it is to carve out a bigger place on this SME all-star list—is going to find big markets for high-value goods and services. Maybe the ASEAN trade treaties can help.”
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