Six Indian cos among BusinessWeek's top 100 Infotech firms

Synopsis

BusinessWeek's 'The Infotech 100', has ranked Bharti Airtel astatine the 21st presumption followed by Reddington India (55th) and RCom (66th). Successful concern formula

NEW DELHI: Notwithstanding the turmoil successful planetary economical environment, arsenic galore arsenic six Indian firms, including Reliance Comm and Bharti Airtel, person been named among apical 100 best-performing infotech companies successful the satellite by a US mag BusinessWeek.

The BusinessWeek's latest yearly database 'The Infotech 100', which ranks the firms connected the ground of shareholder return, instrumentality connected equity, full revenues and gross growth, has ranked telecom large Bharti Airtel astatine the 21st presumption followed by Reddington India (55th) and RCom (66th).

The database is topped by US firms --Amazon.com and Apple-- who person taken the apical 2 spots this year. However, the mag said successful an accompanying study that "the dominance of US companies is successful decline, the state has 33 companies among the IT 100 this year, down from 43 successful 2007."

Other Indian firms connected the list, includes -- Azim Premji-led Wipro astatine the 74th position, Satyam astatine 91 fertile and HCL Technologies has been ranked astatine the 95th presumption among the database of 100 firms.

South African telecom steadfast MTN Group, which is successful exclusive talks with Anil Ambani Group flagship steadfast Reliance Communications, has been ranked astatine the 12th presumption successful the planetary database adjacent up of planetary IT giants IBM and Microsoft, which are astatine 13th and 23rd ranks successful the list, respectively.

Besides, the different accelerated emerging state China besides has six companies among the apical 100 Infotech companies successful the world.

The mag has compiled the accusation for the database by sorting done the fiscal results of 30,500 publically traded companies and has ranked the exertion players connected 4 criteria --shareholder return, instrumentality connected equity, full revenues and gross growth.

The companies starring the database are those with the lowest aggregate ranking.

The companies which qualified had to person revenues of astatine slightest 300 cardinal dollar past the postulation of astir 800 companies was divided into 8 manufacture categories, specified arsenic bundle and semiconductors.

"Companies whose banal terms has dropped much than 75 per cent, whose income shrank, oregon wherever different developments raised questions astir aboriginal show were eliminated from contention.

"We besides dropped immoderate telephone companies whose monopoly oregon near-monopoly powerfulness gives them an unfair vantage implicit competitors," the mag added.