Six Indian firms among world's top 100

posted under by NSmurthy
Notwithstanding the turmoil in global economic environment, as many as six Indian firms, including Reliance Comm and Bharti Airtel, have been named among top 100 best-performing infotech companies in the world by US magazine BusinessWeek. The BusinessWeek ranks firms on the basis of shareholder return, return on equity, total revenues and revenue growth, has ranked telecom major Bharti Airtel at the 21st position followed by Reddington India (55th) and RCom (66th).

The list is topped by US firms and Apple. Other Indian firms on the list, includes Wipro at the 74th position, Satyam at rank 91 and HCL Technologies at the 95. South African telecom firm MTN Group, which is in exclusive talks with Anil Ambani Group flagship firm Reliance Communications, has been ranked 12th ahead of global IT giants IBM and Microsoft, which are at 13th and 23rd position, respectively. China too has six companies in the list.

The magazine has compiled the information for the list by sorting through the financial results of 30,500 publicly traded companies. The companies leading the list are those with the lowest aggregate ranking. The companies which qualified had revenues of at least $300 million. The collection of about 800 companies was then divided into eight industry categories, such as software and semiconductors.