You must have been dumbfounded reading the headline of the blog. India’s fourth automobile maker as well as the country topmost Sports Utility Vehicle (SUV) manufacturer is enlisted in the Forbes Magazine.
Mahindra & Mahindra has featured in Forbes’ Asian Fab 50 List, which is a compilation of the best listed companies in the Asia-Pacific region. Moreover, as many as thirteen Indian companies have featured on the list, including Reliance Industries, Infosys Technologies and Tata Steel, besides Mahindra & Mahindra.
This year, Forbes started with a universe of 910 companies with at least $3 billion in revenue or a $3 billion market capitalization. Candidates are then shortlisted on the basis of each company’s five-year track record for revenue, operating earnings and return on capital.
Apart from these, the companies’ most recent results, share-price movements and the outlook for the year ahead are also scrutinized. Besides, a loss in the last fiscal year is taken as a drawback and knocks the company out of the list. Judgment calls must be made, given the differences in transparency, accounting and conditions among countries.
Mahindra appeared on the Forbes’ list with sales off 12%, net earnings 29%.
Mahindra emerged in the Indian car industry sixty years ago as a Jeep maker and has been well-known worldwide for its flagship model, the Scorpio. The company has ventured into the passenger-car segment with the Logan in Aril 2007 under a joint venture with France based Renault.
At present the company is planning to start selling pickups in the US in January and an SUV model is expected the US in December.
Mahindra & Mahindra has featured in Forbes’ Asian Fab 50 List, which is a compilation of the best listed companies in the Asia-Pacific region. Moreover, as many as thirteen Indian companies have featured on the list, including Reliance Industries, Infosys Technologies and Tata Steel, besides Mahindra & Mahindra.
This year, Forbes started with a universe of 910 companies with at least $3 billion in revenue or a $3 billion market capitalization. Candidates are then shortlisted on the basis of each company’s five-year track record for revenue, operating earnings and return on capital.
Apart from these, the companies’ most recent results, share-price movements and the outlook for the year ahead are also scrutinized. Besides, a loss in the last fiscal year is taken as a drawback and knocks the company out of the list. Judgment calls must be made, given the differences in transparency, accounting and conditions among countries.
Mahindra appeared on the Forbes’ list with sales off 12%, net earnings 29%.
Mahindra emerged in the Indian car industry sixty years ago as a Jeep maker and has been well-known worldwide for its flagship model, the Scorpio. The company has ventured into the passenger-car segment with the Logan in Aril 2007 under a joint venture with France based Renault.
At present the company is planning to start selling pickups in the US in January and an SUV model is expected the US in December.
Labels: Forbes-Magazine, Mahindra-Mahindra, Mahindra-Renault, Scorpio
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