11 Indian Firms in Forbes Asia's Fab 50

Bangalore:  India claims the second-biggest haul after China in Asia's Fab 50 with 11 Indian companies, up from seven last year, figuring in Forbes 2012 list of 50 best publicly traded companies in Asia-Pacific.

The U.S. magazine's 2012 list sees the return of the big Indian IT software services and consulting firms, HCL and Tata Consultancy, while an Indian drug company, Sun Pharmaceutical, breaks into the elite ranks for the first time. Once again China dominates the list with 23 mainland entries, the same as a year ago. Malaysia, Japan, Philippines and Singapore each had one representative on this year's list. South Korea could only muster four companies this year, down from eight last year.

A slowing economy weeded out the merely good companies from the truly great ones, Forbes said noting 15 companies are new this year. Another ten returned after falling off in past year. The companies were chosen from a pool of 1,295 that had at least $3 billion in annual revenue or market cap.

The Indian companies in the list with their ranks were:

Tata Consultancy Services (4)

Tata Consultancy Services Limited (TCS) provides information technology (IT) services, business solutions and outsourcing. The services portfolio of the company consists of application development and maintenance, , enterprise solutions, business intelligence, assurance, IT infrastructure services, business process outsourcing, engineering and industrial services, consulting and asset leveraged solutions. TCS also services several other industries, such as life sciences and healthcare, hi-tech, energy, resources and utilities, media and entertainment and travel, transportation and hospitality. On August 31, 2010, Diligenta Limited acquired Unisys Insurance Services Limited (UISL). On October 4, 2010, Tata America International Corporation acquired MS CJV Investments Corporation. On October 8, 2010, the Company acquired SUPERVALU Services India Private Limited.