Forbes Asia, a US business magazine, released a list “Asia Fab 50″ of Top 50 companies on Thursday, 16 September 2010 in Asia Pacific region. The list contained 50 companies from various countries of the world. Out of all the countries, China and India, powerhouse of Asian economy, dominated and claimed 32 slots. According to the Forbes list, from out of 50 companies, 16 companies are from India and 16 are from china.

The list is ranked according to the movement of share price, recent financial returns and future prospects as on September 1, 2010. When the list was first published in 2005, it contained only 5 Chinese and 3 Indian companies. But now you can see that there are 32 companies from both of the countries.

The list of 50 firms is made by shortlisting from 936 Asian firms and were put together according to their revenues or market capitalization of at least 3 billion US dollars.

India has 16 firms in the Forbes. China also has the same number of firms in the Forbes magazine followed by Hong Kong (4 companies), Taiwan (4), South Korea (3), Australia (2), Japan (2) and Indonesia, Singapore and Thailand with each having 1 firm.

Forbes Asia Fab 50 List

(in alphabetical order)

List of Companies listed from India
1. Adani Enterprises
2. Axis Bank
3. Bharat Heavy Electrical
4. Reddy Lab
5. HCL Technologies
6. HDFC
7. Hindalco Industries
8. Infosys
9. ITC
10. Jindal Steel & Power
11. JSW Steel
12. Kotak Mahindra Bank
13. Larsen & Toubro
14. Mahindra & Mahindra
15. Sterlite Industries
16. Tata Consultancy Services

List of Companies listed from China
1. Agile Property Holdings
2. Changsha Zoomlion Heavy Industry
3. China Mengniu Dairy
4. Digital China Holdings
5. Dongfang Electric
6. GD Midea Holding
7. Gree Electric Appliances
8. Hengan International Group
9. Lenovo Group
10. SAIC Motor
11. Sany Heavy Industry
12. Shandong Gold Mining
13. Suning Appliance
14. Tencent Holdings
15. Tingyi Holding
16. Want Want China Holdings

List of Companies listed from Hong Kong
1. Belle International Holdings
2. Li & Fung
3. Nine Dragons Paper Holdings
4. Noble Group

List of Companies listed from Taiwan
1. Acer
2. China Life Insurance
3. HTC
4. Mediatek

List of Companies listed from South Korea
1. Glovis
2. NHN
3. Samsung Engineering

List of Companies listed from Australia
1. Rio Tinto
2. Wesfarmers

List of Companies listed from Japan
1. Nintendo
2. Rakuten

List of Companies listed from Indonesia
1. Bank Central Asia

List of Companies listed from Singapore
1. Olam International

List of Companies listed from Thailand
1. Banpu