5 Indian firms among Forbes’ most innovative companies
Five Indian companies, including Hindustan Unilever and Tata Consultancy Services, are among Forbes’ list of the world’s 100 most innovative companies that investors think are most likely to “generate big, new growth ideas”.
The annual ‘World’s Most Innovative Companies’ list, it has been topped by California-based global cloud computing company Salesforce for the fourth year in a row.
The five Indian companies on the list are consumer goods company.
Hindustan Unilever, which is ranked 14th, followed by IT major Tata Consultancy Services (57), construction services firm Larsen & Toubro (58), pharma major Sun Pharma Industries (65)
and Bajaj Auto (96)
Larsen and Toubro had an innovation premium of 39.4 per cent and had a market cap of USD 19.81 billion.
Sun Pharma had an innovation premium of 38.34 per cent and a market cap of USD 19.88 billion.
Bajaj Auto recorded an innovation premium of 31.73 per cent and a market cap of USD 10 billion.
Salesforce, with a market cap of USD 35.87 billion, had an innovation premium of 75.9 per cent and continued its reign as Forbes’ most innovative company for the fourth straight year.
The other companies making up the top five on the list are Connecticut-based biotech firm Alexion Pharmaceuticals (2), British semi-conductor company ARM Holdings (3), fast moving consumer goods company Unilever Indonesia (4) and New York-based biopharmaceutical company Regeneron Pharmaceuticals (5). The US was home to a majority of the companies on the list with 41 firms headquartered in the country, followed by Europe with 29 companies.
Forbes is an American business magazine owned by Forbes, Inc. Published biweekly, it features original articles on finance, industry, investing, and marketing topics. Forbes also reports on related subjects such as technology, communications, science, and law.
Its headquarters are in New York City. Primary competitors in the national business magazine category are Fortune and Bloomberg Businessweek.
The magazine is well known for its lists and rankings, including its lists of the richest Americans (the Forbes 400) and rankings of world’s top companies (the Forbes Global 2000).
The motto of Forbes magazine is “The Capitalist Tool”. Its Chairman and editor-in-chief is Steve Forbes, and its CEO is Mike Perlis.