Bharti Airtel ranked among Best Performing Asian Companies

Bharti Airtel ranked among Best Performing Asian Companies

Bharti Airtel, India’s leading telecom service provider, has been ranked 13th among the best performing Asian companies by the BusinessWeek Magazine in the ‘The Asia BusinessWeek 50’ list. The Asia BusinessWeek 50 is an annual ranking of Asia’s best performing companies across all sectors.

The others in the list include Reliance Industries (17), Infosys (23), China Petroleum & Chemical (25), Yamaha Motor (45) Mitsubishi Corp (53) and Posco (70). The companies were ranked using a combination of financial measures for earnings and sales growth, plus return on assets and other benchmarks. Companies were evaluated over both one year and three year time frames.

Sunil Bharti Mittal, Chairman and Managing Director, Bharti Airtel Limited said, “Getting featured among the Asia’s best companies is a proud moment for all of us. This highlights our relentless pursuit to create a world-class organisation that provides best in class services. It has been made possible by the committed efforts of the entire team at Bharti Airtel.”

This is what BusinessWeek said about Bharti Airtel “The company will spend $2 billion on network expansions and marketing to reach underserved markets in rural areas. That’s serious money—and a step toward Mittal’s broader ambition “to be the most admired brand in India by 2010.” Investors already like what they see. Bharti Airtel delivered 30% total shareholder returns in 2005, and a head-turning 493% over the last three years.”

Read the complete Press Release