Indian Firms in Forbes List of Most Innovative Companies

Five Indian companies including TCS of the Tata conglomerate have made it to a Forbes list of the world's 100 most innovative companies that investors think are most likely to "generate big, new growth ideas".

Forbes' annual list of the world's 100 most innovative companies, topped by California-based global cloud computing company Salesforce, contains five Indian companies including TCS and HUL. Look which other Indian groups are in the list.

Hindustan Unilever, a Mumbai-based consumer goods firm, holds the 14th position in the list.
As per the August 2014 list, Hindustan Unilever or HUL records a 54.7 per cent ‘innovation premium', which the magazine explains as a "measure of how much investors have bid up the stock price of a company above the value of its existing business based on expectations of future innovative results". (Photo: Reuters)
IT major Tata Consultancy Services is placed 57th in the list with an innovation premium of 39.6 per cent. (Photo: tcs.com)

Mumbai-based construction services firm Larsen & Toubro is ranked 58th, just after TCS. L&T, the magazine says, has an innovation premium of 39.4 per cent. (Photo: Reuters)
Next Indian firm in the list is Sun Pharma. Occupying the 65th position in the Forbes ranking, the Mumbai-headquartered pharmaceutical company's innovation premium is estimated at 38.3 per cent. (Photo: sunpharma.com)
Pune-based Bajaj Auto is placed 96th in the list. Its innovation premium is estimated at 31.7 per cent. (Photo: bajajauto.com)