HCL, SKS Microfinance among most influential firms

By siliconindia   |   Tuesday, 16 December 2008, 00:09 IST   |    3 Comments
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HCL, SKS Microfinance among most influential firms
New York: Even in these trying times, Indian firms keep on leaving their presence felt in the world scenario. The latest feat comes from HCL Technologies and SKS Microfinance as they have been named among the world's most influential emerging companies along with social networking site Facebook and online community for classified ads Craigslist. The list was prepared by the U.S.-based Businessweek magazine. The Indian companies have been placed under the segment of five 'up and comers', which are the most influential emerging companies. Topped by the giants like Apple, JPMorgan Chase and Wal-Mart, the list also includes Unilever, News Corp, Toyota Motors, Saudi Aramco, Monsanto, Huawei and Google. "The companies on this year's list have devised winning strategies and are the ones with game-changing ideas; the greatest impact on consumers, and the bold tactics rivals will emulate," the magazine said. According to the magazine, many emerging companies 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. The magazine said that the financial services provider SKS Microfinance could have had more impact than grameen bank, the organisation 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 cutomers each month," Businessweek said. The emerging influential companies also include Facebook, which has more than 160 million members. The magazine said as Facebook seeks to expand into international markets, its influence would continue to soar. The emerging segment also includes supply chain management services firm Li & Fung and Craigslist.

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