Ashiana Housing Ltd Shines in Forbes' 2010 'Asia's Best Under A Billion' List
In a notable recognition, Delhi-based Ashiana Housing Ltd emerged as the sole Indian real estate company to feature in Forbes magazine's esteemed 2010 list of 'Asia's Best Under A Billion'. This distinction underscored the company's exemplary performance within the realty sector.
A Select Group of Companies
- Indian Representation: Out of 39 Indian companies listed, Ashiana Housing Ltd was the only one from the real estate sector.
- Asia-Pacific Wide: Across the entire Asia-Pacific region, a mere 5 real estate companies made the cut, with Ashiana Housing Ltd being one of them.
- Overall List: The magazine shortlisted 200 companies, with 71 originating from China and Hong Kong, and a notable increase in Indian representation from 20 to 39 companies compared to the previous year.
The Selection Process
Forbes' selection criteria for the 'Asia's Best Under A Billion' list were meticulously based on:
- Sales Growth: Assessing the company's expansion in sales.
- Earnings Growth: Evaluating the increase in earnings.
- Shareholders' Return on Equity: Measuring the profitability from the shareholders' perspective.
This comprehensive list was compiled after scrutinizing approximately 13,000 publicly listed companies across the Asia-Pacific region, all with revenues under $1 billion.