Best 200 Under a Billion
FORBES ASIA'S annual Best Under a Billion selections showcase the region's most dynamic publicly traded firms with sales of under a billion U.S. dollars. Track records of sustained growth and profitability distinguish these companies, as do savvy, and often founding, management teams with business models increasingly aimed at sales both at home and abroad.Taiwan leads the charge this year with 31 companies in our 200, and 80% of the entries are new. For more about the listees and our methodology, go to www.forbes.com/bub | By Jack Gage and Michael K.Ozanian
 
COMPANY/industry SALES latest 12 mo ($mil) NET INCOME latest 12 mo ($ mil)

MARKET VALUE

($ mil)

RETURN ON EQUITY 3-year average %

EPS
3-year average %

P/E

latest 12 mo

INDIA
           
Asain Paints/basic materials
652
48
1,397
32
17
29
Bajaj Hindusthan/basic materials
190
32
938
37
199
29
Balkrishna Industries/basic materials
131
16
231
35
52
15
Balrampur Chini Mills/basic materials
186
29
519
23
41
18
Bharat Forge/metal fabricating
659
56
1,725
43
44
31
Cadila Healthcare/drugs
324
34
911
24
19
27
Carborundum Universal/basic materials
97
19
341
26
31
18
Cipla/drugs
650
136
4,422
30
38
32
Dabur India/household products
387
51
1,719
43
41
34
Essel Propack Limited/containers & packaging 181 20 303 12 15 15
FDC/drugs
78
16
181
30
22
12
Great Eastern Shipping/maritime
483
193
1,226
31
70
6
Grindwell Norton/basic materials
71
8
160
19
28
20
I-Flex Solutions/publishing
333
56
2,402
21
14

43

JB Chemicals & Pharmaceuticals/drugs
99
16
171
22
14
11
Kirloskar Oil Engines/industrial machinery
313
45
474
28
41
11
Maharashtra Seamless/basic materials 218 31 476 32 33 15
Mastek/IT services
130 12 108 25 5 9
Pantaloon Retail/apparel
242 9 923 15 81 104
Punjab Tractors/industrial machinery
215 29 308 15 47 11
Rolta India/IT services
116 28 373 16 31 13
Sesa Goa/basic materials
342 108 827 49 281 8
Thermax/industrial machinery
358 23 753 18 22 33

   All figures are in U.S. dollars.Data as of Sept. 28. NA: Not available. Sources: Worldscope via FactSet Research    Systems; Forbes.