Thirteen Indian companies among Asia's 100 fastest-growing: BusinessWeeknews
28 November 2007

Mumbai: Thirteen Indian companies are among a list of Asia''''s 100 fastest-growing small and mid-size companies - Asia''''s Hot Growth Companies - prepared by US financial magazine BusinessWeek.

Some of the Indian companies also emerge on top in terms of sales and capital returns, the magazine said in its report.

India, with 13 companies, comes in third after Taiwan and Japan, who have been represented by 24 and 18 firms respectively.

India has a higher number of such companies than China, whose presence is limited to just eight firms.

Hong Kong-based Ajisen Holdings ranks at the top, followed by Raffles Education of Singapore.

Hong Kong, too, has 13 such firms while Korea has seven, Malaysia four, Singapore nine and Thailand two. The lone Pakistani firm Packages Limited, a manufacturer of paper products, ranks 84th.

Among the Indian firms, Lakshmi Machine Works is ranked 17, followed by Kirloskar Brothers (18) and Godrej Consumer Products (23).

Other Indian companies named in the list are Marico (40), Colgate-Palmolive India (45), Hexaware Technologies (53), GlaxoSmithkline Pharmaceuticals (60) Panacea Biotec (68), Bajaj Hindustan (72), Motherson Sumi Systems (79), Cummins India (83), I-flex Solutions (93) and Titan Industries (98).

Three Indian firms - Cummins India, Titan Industries and I-flex Solutions - are ranked first, second and third, respectively in terms of highest sales in 2006.

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Thirteen Indian companies among Asia's 100 fastest-growing: BusinessWeek