World's Most Innovative Companies

Bharat Heavy Electricals

This company is the one of the oldest and the largest state owned engineering and manufacturing enterprise in India. It deals with energy related and infrastructure sector which includes Power, Railways, Transmission and Distribution, Oil and Gas sectors etc. It is the 12^th largest power equipment manufacturer in the world and is placed 4^th in the Forbes Asia’s Fabulous 50 list of 2010. The company has been able to earn profit since many years and heve been continuously paying dividends. Almost 74 percent of the the total power generated in India is produced by the equipment manufactured by BHEL. It is the part of the Navratnas or ‘the nine jewels’.  In 2012 it commissioned a 250 MW power generating unit and so would add six million of electricity on a daily basis. Its average sales growth since past 5 years is 27.2 percent, the net income growth is 25 percent, the enterprise value is $19.5 and the innovation premium is 43.6 percent.