Hindustan Unilever, Tata Consultancy Services (TCS) and Sun Pharma Industries are the three Indian companies that have been named among the world’s 100 most innovative companies by Forbes in a list that has been topped by Tesla Motors. While Tesla Motors topped the Forbes List of ‘The World’s Most Innovative Companies’, HUL was ranked 41, TCS at 64 and Sun Pharma stood at 71th position.
The list also includes software company salesforce.com on the second spot, followed by Amazon (8), Hermes International (22), Netflix (27), MasterCard (36), Starbucks (45), Adobe (74), Coco Cola (81) and Cognizant (96).
Elon Musk’s California-Based Tesla Motors has a market capitalization of USD 25.5 billion.
Forbes included only those industries that are known to invest in innovation and has seven years of public financial data and $10 billion in market cap. Forbes said companies are ranked by their innovation premium, which is the difference between their market capitalisation and a net present value of cash flows from existing businesses. India’s largest IT company TCS, with a market cap of USD 80.3 billion has appeared in the list for the eighth time.
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