India- Forbes List of Asia’s Fabulous 50
India makes the Forbes list of Asia’s fabulous 50. A few years ago when Asia or Asians were mentioned it was the far east Asia or the so called orient. India and Indians were placed under a category of the “Indian subcontinent”. Today India overtook China (only 7 companies were listed), out of the 50 companies chosen, 12 Indian companies have been listed and they are in the field of banking, consumer goods, construction and engineering, computer software and outsourcing.
The companies are Bharat Heavy Electricals, Bharti Airtel, Grasim Industries, HDFC Bank, ICICI,Bank, Infosys Technologies, Larsen & Toubro, Reliance Industries, Satyam Computer Services, Tata Consultancy Services, Tata Steel and Wipro.
The British came to India and plundered India’s wealth and surplus natural resources like Iron and steel and it seems like pay back time when Tata steel made history with the $13 billion takeoverof Britain’s Corus Group. Forbes said “Fab 50 companies are an acquisitive lot. Tata Steel bought Britain’s Corus Group to a chorus of cheers back home, despite the $13 billion price tag. Corus includes the remnants of British Steel. “The irony was not lost in India.”
India is rich in natural and human capital resources having a solid industrial base combined with a high tech and scientific community. India is huge, diverse, complete with paradoxes, hungry and emerging out of the shadows so watch out, it could be an oncoming tidal wave!
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About
Sujatha Ganesan is a business and technology lawyer in Silicon Valley with diverse experience in the areas of corporate, contracts, licensing, copyright and India practice law. Sujatha’s Bar admissions include the State Bar of California and the Bar Council of India.
Sujatha received an undergraduate degree in Economics and an undergraduate degree in Law from the University of Madras, India and received a Master’s Degree in Law from the University of Georgia.
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Hats off to India for this achievement, though a note of reality needed here on certains sectors like IT Outsourcers..I used to work in Tata Consultancy Services earlier. Frankly, I was shocked to see the level of staff exploitation as well as lack of ethics in their client work culture, contrary to the general impression created by them to the Industry abroad. I remember that they completely copied a major Benchmarking study from one client to another without any sincere effort altogether. Also, it may surprise many of us that none of the good and qualified professionals stayed long in TCS over the past years. All the good genuine professionals with initiatve and ideas were harassed and abused by the highly predominant low quality and less educated old timer staff in TCS, and left the firm after demotivation on this environment. Result it that all the low quality and less educated people have stuck to TCS past 10-20 years and occupying most of senior positions nowadays, while all the good people left due to demotivation and harassment etc.. LET THIS BE A CHALLENGE TO TCS, IF THEY CAN REFUTE THIS FACT.. There are hundreds and maybe thousands of ex TCS employees who can vouch for this sad fact..
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