Forbes Asia’s ‘Best Under a Billion’ List

31 August 2011 - Which Way to Pay

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Forbes Asia’s ‘Best Under a Billion’ List

Thirty-five Indian companies have been ranked among the top 200 Asia-Pacific corporations in this year’s Forbes Asia’s ‘Best Under a Billion’ list.

Ahead of India were only companies from China and Hong Kong, each representing 65 firms which found their way onto the list.

Indian companies that made the grade include Polyplex, a manufacturer of polyester film; SRF, which manufactures chemical-based industrial intermediates; and Glodyne Technoserve, an IT services company.

A notable exception to the list was India’s largest storage-battery producer, Exide Industries. Exide were ranked by Forbes last year, however since 2010 the company has grown substantially having breached the USD 1 billion mark and thereby no longer being eligible for the list. After all, the Asia-Pacific list ranks public companies with annual revenues of between $5 million and $1 billion within the Asia-Pacific region. Forbes Asia are also said to evaluate in terms of return on equity too.

The Editor of Forbes Asia, Tim Ferguson said; "Essentially, these are our picks of the companies that have best managed through the economic volatility that began in 2008. Most navigated the global credit crunch with little to no debt on their balance sheets. On average, the companies on the list have a 13 per cent debt-to-equity ratio and 67 of these companies carry no debt at all."

Pakistan have two companies on the list; software company Netsol Technologies and Millat Tractors, who build agricultural tractors. Sri Lanka was represented by four companies; Ceylon Investment, Renuka Holdings, Asian Alliance Insurance and chicken processing company Bairaha Farm.

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