20 Indian enterprises listed as 'global challengers'

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Bangalore: 20 Indian firms have been identified, in a list of 100 firms from emerging markets in a report of 'BCG Global Challengers 2011', as businesses that can challenge existing Fortune 500 firms over the next five years. These 100 firms, mostly from China, India, Brazil, Mexico and Russia, and for the first time four companies from South Africa and Egypt, are 'the hidden engines' of the global economy.

The IT majors like Infosys, Wipro, TCS and M&M has made an entry in the list followed by Bharati Airtel, Pune based-Bharat Forge, Bajaj Auto, Dr Reddy's Laboratories, engineering giant Larsen & Toubro, Mumbai-based Lupin pharmaceuticals, Reliance Industries, Pune headquartered - Suzlon Energy and Tata Chemicals, Tata Communications, Tata Motors and Tata Global Beverages.

The 100 challenger companies grew annually by 18 percent and averaged operating margins of 18 percent from 2000 through 2009. During this period, the annualized total shareholder return of the global challengers that were publicly listed was 17 percent. If the challengers continue on their current growth path, they could collectively generate $8 trillion in revenues by 2020 - an amount roughly equivalent to what the S&P 500 companies generate today.

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