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T.E. Raja Simhan

Chennai June 22 Six Indian companies have made it to the 2007 Information Technology 100, BusinessWeek's ranking of the top 100 global technology performers. The list includes companies in Web retail, telecom, wireless, and technology product and software services.

The Indian companies are: Bharti Airtel, Tata Consultancy Services, Infosys, Wipro, Satyam Computer Services and HCL Technologies. The US-based Cognizant Technology Solutions, which has most of its development centres in India, is also in the list. This year cable companies that expanded into telecom were also included, says BusinessWeek on its Web site.

Bharti was the top ranking Indian company in the list, but dropped to 14th this year from the 10th place last year. Satyam dropped to 73 from 48 last year while Infosys, TCS and Wipro have moved up, and HCL made it to the list this year.

TCS moved to 23rd position from 34th last year; Infosys moved 12 places ahead to 30th and Wipro eight places ahead to 49. Cognizant was ranked this year at 70, up from 84th position last year, says the report to be published on July 2 issue of BusinessWeek.

Return on equity

TCS was ranked ninth in the top-10 most profitable companies with 46.1 per cent return on equity. Grupo Iusacell of Mexico was first with 226 per cent. The Mexican company also topped the list of companies that gave the best return to shareholders at 282 per cent. Bharti Airtel was third with 131 per cent.

Cognizant was ranked ninth among the fastest growing company with 62 per cent revenue growth, the report said.

The US dominated the list with 45 companies, followed by Taiwan 14 and Japan eight. The rest of the companies were from countries such as Hong Kong, Japan, Germany, Finaland and Norway.

Amazon.com vaulted from 23rd in 2006 to first this year and pushed America Movil, a Mexican company and last year's topper, to the second place.

The companies were ranked on return on equity; revenue growth; shareholder return and total revenues. To qualify, companies' revenues had to be at least $300 million. Companies whose stock price dropped more than 75 per cent, whose sales shrank or where other developments raised questions about future performance, were eliminated from contention.

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