Software majors Infosys and TCS , pharma giants Sun Pharma and Lupin and private sector lenders HDFC Bank and Axis Bank feature in Forbes India's Super 50 list this year, while biggies like Tata Motors and HUL have been dropped.
The list, in its second year, also features 14 newcomers, including Infosys, Maruti Suzuki, Bharat Forge, Alembic Pharma, Gillette India, HDFC Bank, Bajaj Finance, Kansai Nerolac and LIC Housing Finance, among others. Companies that have been dropped from the list include Tata Motors, Hindustan Unilever, MRF, Glaxo SmithKline Consumer Healthcare, Pfizer, Dr Reddy's Labs, Glenmark Pharmaceuticals, HDFC and Kotak Mahindra Bank.
The three-stage methodology followed by Forbes together with PwC India uses a set of eliminators to arrive at a critical mass of companies, which was then subjected to the tests of market capitalisation growth, sales growth CAGR and return on equity over a three-year period to ensure consistency in performance. Forbes India Editor Sourav Majumdar said,
A sharp focus on capital efficiency, innovation and customer centricity defines this year's Super 50 companies. Despite their diverse nature, these common threads make these companies benchmarks in excellence
Subsequently, in the last month, State Bank of India chief Arundhati Bhattacharya, ICICI bank head Chanda Kochhar, Biocon Founder Kiran Mazumdar-Shaw and HT Media Chair Shobhana Bhartia were among the world’s 100 most powerful women.
In January this year, 45 Indians and Indian- origin people have made it to Forbes’ annual list of achievers under the age of 30 who are “changing the rules of the game or creating entirely new playbooks” across varied fields. The Forbes fifth annual '30 Under 30′ list features 600 women and men, who are America’s “most important young entrepreneurs, creative leaders and brightest stars” and are “changing the world” across 20 varied sectors such as consumer technology, education, media, manufacturing and industry, law and policy, social entrepreneurs, science and art and science.
Also read : Meet the 4 Indians in Forbes’ list of world’s 100 most powerful women