Five Indian companies are placed in the list of the World’s Most Innovative Companies

Five Indian companies are placed in the list of the World’s Most Innovative Companies

Five Indian companies Larsen & Toubro, Hindustan Unilever, Infosys, Tata Consultancy Services and Sun Pharmaceutical Industries are placed in the list of “The World’s Most Innovative Companies” compiled the Forbes Magazine. In the list, Larsen & Toubro secured the 9th rank followed by
12th, 19th, 29th and 38th ranks secured by Hindustan Unilever, Infosys, Tata Consultancy Services and Sun Pharmaceutical Industries respectively.
To be a part of the list of “The World’s most Innovative companies”, they must have USD 10 billion in market capitalization and they should spend at least 1% of their asset base on research and development.
The list is dominated by US companies as they secure first 4 ranks in the list.

The top ranked US companies are
Salesforce.com (Rank 1),
Alexion Pharmaceuticals (Rank 2),
Amazon.com (Rank 3) and
Red Hat (Rank 4).

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