10 Indian Cash Rich Companies

Bangalore: The Indian companies like to accumulate their cash rather than investing it on shares or putting it in the banks. It seems like these companies prefer liquidity of cash rather than keeping money in other forms. Here is the list of 10 companies that are holding maximum cash with themselves.

Infosys

By no defaults, Infosys tops the list of richest Indian companies. Infosys, officially known as Infosys Technologies, is an Indian global technology services company headquartered in Bangalore. The company has a cash pile of 20,591 crore.  Infosys ranks 27 in the list of top companies of India in Fortune India 500 list in 2011. It has offices in 29 countries and development centers in India, US, China, Australia, UK, Canada, Japan and many other countries. Infosys has had 1, 45,088 employees of 85 nationalities as on December 31, 2011. Infosys offers business consulting, technology, engineering and outsourcing services to help clients in over 30 countries. The company is under a debt of 14 billion dollars. Infosys was rated best employer to work for in 2000, 2001 and 2002 by Hewitt Associates. In 2007, Infosys received over 1.3 million applications and hired fewer than 3 percent of applicants. Infosys won the Global MAKE (Most Admired Knowledge Enterprises) award in the years 2003, 2004 and 2005 and was introduced into the Global Hall of Fame for the same. Infosys also ranked 15 in the most trusted brand in India by ‘The Brand Trust Report’ in 2011.