Information technology giant Infosys is the world’s third best regarded company, according to a list of the 2000 best regarded companies released by Forbes. Only Visa and Ferrari were ahead of Infosys, and Bengaluru-based Infosys beat out Apple, Siemens, Walt Disney and others for the position.
Forbes termed Infosys’s position in the rankings as headlining an ‘Asian invasion’ and said that while 59 of 250 companies listed are based in the USA, the next three countries are Japan, China and India, with a total of 82 companies from the three countries.
Last year, it ranked 31. Previously, Infosys was listed in the Best Employers for New Grads 2019 at the 205th position. It was ranked 44 in the Forbes’ 2018 list of Top 100 digital companies and 46 in the top multinational performers in 2017.
Founded in 1981 by Narayana Murthy, Bengaluru-based Infosys is second-largest software exporter by revenue in India. It clocked revenues of $11.6 billion in FY19. The company is listed on New York Stock Exchange (NYSE) in the US and on the Bombay Stock Exchange (BSE) in Mumbai. The company has 204,107 employees and 1,279 clients as of March 2019.
Other Indian companies on the list include Tata Consultancy Services at 22, Tata Motors at 31, Tata Steel at 105, Larsen & Toubro at 115, Mahindra and Mahindra at 117, HDFC at 135, and Bajaj Finserv at 143. Wipro stood at 168.
Companies in the top 10 apart from Visa, Ferrari and Infosys are Netflix, Paypal, Microsoft, Walt Disney, Toyota Motors, Mastercard and Costco Wholesale. Walt Disney was at first position last time.
Forbes said that it partnered with statistics portal Statista to hack down the list of 2,000 companies to 250 —- and that the companies were ranked on trustworthiness and honesty, social conduct, how they fare as employers, and strength of their products and services. According to Forbes, while the list touches upon every major industry, car manufacturers featured most prominently.