Biocon Ltd. has been included in the prestigious 'Best Under A Billion' listing by Forbes. This year, only 20 Indian companies have been featured in the list, which is dominated by companies from Greater China.
"All have either increased sales and profits over the past 12 months or are forecast to do so in coming quarters. Apparel, media, technology and health care led the way," said Forbes. This year's list is dominated by companies that have withstood challenges that threatened their survival and those that have demonstrated exemplary entrepreneurship.
For the fifth annual 'Best under a Billion' list, the top 200 companies were picked from over 12,000 publicly-listed firms with sales of less than $1 billion in the Asia-Pacific region. The list was mainly dominated by as many as 78 small and mid-sized firms from China and Hong Kong due to the relative economic prosperity of these regions. Japan was the second most represented country in the coveted list with 24 companies, while its neighbour South Korea had 23 firms. India was ranked at the fourth place with 20 entries, followed by Australia with 18.
As many as 64 of the entries on this year's list are returnees while 136 are new entries which have seized opportunities arising from economic uncertainty.