According to forbes, a company needs seven years of public financial data and a market of $10 billion and only those firms are included in the list that are known to invest in innovation.
The list of 100 most innovative companies by forbes is out. Three Indian companies have made it to the list, one being a fast moving consumer goods company and other the largest Information Technology (IT) company in India namely Hindustan Unilever Ltd (HUL), Tata Consultancy Services (TCS). The third company that has featured in the forbes' list of 100 most innovative companies is Sun Pharma Industries.
United States company Tesla Motors topped the list which has a market cap of $25.5 billion and 52% sales growth in last 12 months.
Featuring in position number 41 is Hindustan Unilever (HUL). The fast moving consumer goods company operates in seven business segments. The company manufactures soaps and detergents and personal and skin care products as well. Its products include hair care, talcum powder and color cosmetics. The India-based FMCG also manufactures beverages which includes tea and coffee.
According to Forbes, the company has over 35 brands spanning 20 distinct categories.
Lux, Lifebuoy, Surf Excel, Rin, Wheel, Fair & lovely, Pond's, Vaseline, Lakme, Dove, Clinic Plus, Sunsilk, Pepsodent, Close-up, Axe, Brooke Bond, Bru, Knorr, Kissan, Kwality Wall's and Pureit are the products which come under HUL.
HUL also manufactures packaged foods, ice-creams and frozen desserts.
The next Indian company on the list is India's largest IT company Tata Consultancy Services (TCS). Founded in 1968, this company is ranked 64 in the forbes list of 'The 100 Most Innovative Companies'.
Appearing for the eighth time on the forbes' list, TCS has a market cap of $80.3 billion with over 3,00,00 employees. Based in Mumbai, the sales of the company stands at $15.07 billion.
According to Forbes, TCS had announced a training program in digital technologies and it crossed the milestone of employing 1,00,000 women in the past year.
On position 71 is Sun Pharma Industies which is the third Indian company featured in the forbes list of '100 Most innovative companies'.
With over 14,000 employees, the company was founded in 1983. Appearing for the fourth time in the forbes list, Sun Pharma has around 45 manufacturing sites across the globe. Being India's largest drug company, Sun Pharma's market cap stands at around $39 billion.
According to forbes, a company needs seven years of public financial data and a market of $10 billion and only those firms are included in the list that are known to invest in innovation.
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