Three Indian Companies Debut in Forbes Asia’s Fab 50

A financial conglomerate, a bank and a motorcycle manufacturer are three new entrants from India to Forbes Asia’s Fab 50 list:

1. Bajaj Finserv is a company based in Pune, 91 miles east of Mumbai, which holds stakes in: Bajaj Finance, Bajaj Allianz General Insurance, and Bajaj Allianz Life Insurance. With $2.1 billion in revenues, Bajaj Finserv serves 80 million customers across India with a workforce of 26,000.

2. IndusInd Bank, based in Mumbai, the financial hub of India, reported a fiscal 2016 revenue of $2.3 billion, notching a 15% sales growth and 19% in profit growth over the last fiscal.

3. Eicher Motors, based in New Delhi, announced a sales of $1.9 billion, a 57% increase in net profits over its last fiscal. Its iconic, mid-size motorcycle, Royal Enfield sales clocked at 500,000 in the past year. It also makes trucks and buses through a joint venture with Swedish auto major Volvo, reports Forbes.

Forbes Asia's Fab 50 Logo

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Posted on by Gunjan Bagla
Gunjan Bagla
California-based management consultant Gunjan Bagla runs Amritt, a consulting firm helping American companies to succeed in India. Amritt is the trusted advisor for India market research, India business development, India market entry, Global Engineering, Global Technology Scouting, India R&D and Open Innovation. Gunjan is author of "Business in 21st Century India: How to Profit Today from Tomorrow’s Most Exciting Market" (Hachette Book Group, 2008), Amazon's top rated title on the subject. He has appeared as the India Expert on BBC Television, Bloomberg TV, Fox Cable Business and has been quoted in the New York Times, the Los Angeles Times, the Hollywood Reporter and Business Week for his expertise on India.

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