Forbes' Best Under Billion: Just three Indian companies find place in list dominated by Chinese firms

Only three Indian companies find a mention and a place in the Forbes Asia magazine's list of companies under ‘Best Under Billion’ category which lists 200 firms. Of these two are in the information technology sector. The third is in the business of fruit juices.

Fruit juice player, Manpasand Beverages ranks 112 in the list with a sales of $105 million. Kellon Tech Solutions ranks 120 with sales of $92 million followed by 8k Miles Software Services ranked 123 with $80 million.

China dominates the list with three companies from the country at the top three slots. Worldunion Properties Consultancy tops the list with sales of $927 million, followed by Perfect World with sales of $919 million and Shenzhen Everwin Precision Technology at third position with sales of $916 million.

Manpasand Beverages operates in the Indian packaged juice industry which has a market size of Rs 8,000 crore. In the last one year, the company has embarked on initiatives to tie up with organised retail players as well as various food and beverage outlets such as Metro Cash & Carry, Reliance Retail and Walmart among others.

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Kelton Tech Solutions is a listed Indian multinational information technology firm headquartered in Hyderabad and has an annual revenue of Rs 739 crores, according to the company website. It deals in digital transformation, internet of things, social media, mobile computing, analytics, cloud computing, ERP and EAI.

8K Miles Software Services is an internet company focussed on building solutions around cloud computing besides products and services including data processing, software development and computer consultancy services, and software supply services.

Forbes’ ‘Best Under a Billion’ ranks 200 listed companies with annual revenue between $5 million and $1 billion on the basis of profitability, growth and modest indebtedness. This year, from a universe of 18,000 candidates, roughly 875 passed Forbes Asia’s criteria, the publication said, adding that the list has excluded companies that traded thinly, have been trading for less than a year, and those with worrisome accounting, management, ownership or legal troubles.

Those included in the final 200 have produced the highest sales and earnings per share growth for both the most recent fiscal one and three-year periods, and the strongest five-year average return on equity, Forbes Asia said in a statement on Thursday.

“With this feat, also comes responsibility of maintaining the same growth rate and delivering consistent performance and returns for all our stakeholders,” Dhirendra Singh, chairman & MD, Manpasand Beverages Ltd, said in a press release.


Published Date: Aug 01, 2017 04:50 pm | Updated Date: Aug 01, 2017 04:50 pm