Five Indian companies are place 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).