Washington: Companies from China and Hong Kong dominated the Forbes Asia's "Best Under a Billion" (BUB) list of the top small- to medium-sized companies in the Asia Pacific region as India came in third with 19 firms, the lowest level since 2007.
Vikas WSP with sales of $525 million topped the Indian list. MindTree with sales of $435 million was second with KPIT Cummins Infosystems taking the third place of $412 million. NIIT Technologies ($372 million) and Hexaware Technologies ($356 million) took the next two places.
Other Indian firms on the list were: Accelya Kale Solutions, Ajanta Pharma, Dhanuka Agritech, Eros International Media, Infinite Computer Solutions, Jubilant FoodWorks, La Opala RG, MT Educare, Natco Pharma, Persistent Systems, RS Software, Som Distilleries & Breweries, TTK Prestige and Talwalkars Better Value Fitness.
A rising number of Japanese companies also appeared on the list that honours 200 leading public companies in the Asia Pacific region with annual revenue between $5 million and $1 billion. Japanese companies made the list with 17 entries compared to just four or less in recent years.
Forbes editors select the best 200 out of a universe of 15,000 companies based on criteria such as rising financial performance, sufficiently broad and private share ownership, reasonable debt levels and profitability.
