Monday, December 15, 2008

HCL Tech, SKS Micro Among World''s Top Emerging Cos - Dec 15, 2008

According to BusinessWeek magazine two Indian companies HCL Technologies and SKF Microfinance have been named among the world''s most influential emerging companies along with social networking site Facebook and online community for classified ads Craigslist. On the list of the world''s most influential companies, the Indian companies have found a place under the segment of five ''Up and Comers'', which are the most influential emerging companies.

Meanwhile, the US publication has giants like Apple, JPMorgan Chase and Wal-Mart on the list of the world''s ten most influential companies. Unilever, News Corp, Toyota Motors, Saudi Aramco, Monsanto, Huawei and Google are also included in the list. While describing the emerging companies segment, the magazine said many are up-and-coming stars still expanding their global reach, building brand recognition or trying to beat their industry''s dominant player. About HCL Technologies, info-tech services provider, the magazine said that Vineet Nayar, CEO of the firm, has adopted a novel philosophy that the management should be accountable to employees and has put it into practice as well.

On financial services provider SKS Microfinance, the magazine said the firm could have had more impact than Grameen Bank, the organization founded by Nobel Prize winner Muhammad Yunus. SKS has 14,000 employees and 3.5 million customers in India, and is adding 300,000 new customers each month. The emerging influential companies also include Facebook, which has more than 160 million members.

No comments: