35 Indian companies were able to make it to the list including Ashiana Housing Limited which is the only Indian company representing reality sector. Among the 200 companies listed by the magazine, 35 are from India while 65 firms are based in China and Hong Kong. The number of Indian companies has increased from 20 in last year's list.
"Essentially, these are our picks of the companies that have best managed through the economic volatility that began in 2008. Most navigated the global credit crunch with little to no debt on their balance sheets. On average, the companies on the list have a 13 per cent debt-to-equity ratio and 67 of these companies carry no debt at all." Forbes said in a statement.
The Forbes' 'Asia's 200 Best Under A Billion' list highlights the 200 top-performing small and midsize enterprises having revenues under $1 billion. It picks these firms from close to 15,000 publicly listed Asia-Pacific companies with actively traded shares and sales between five million dollars and one billion dollars. The selection of the best 200 companies is based on earnings growth, sales growth, and shareholders' return on equity in the past 12 months and over three years.