Airtel among top 10 on global list
Business Week improved Bharti’s ranking from last year's 19 to 10 this year.
By TNN & Agencies |
NEW DELHI: Leading telecom services provider Bharti Airtel has been ranked among the top 10 best performing companies in the world by Business Week. Describing it as a highly innovative company, the magazine improved Bharti’s ranking from last year’s 19 to 10 this year. The telecom service provider was the only Indian company that has made it to the top 10 list, a company statement said.
Bharti was ahead of Motorola (ranked 11), Google (13), Microsoft (37), Hewlett-Packard (44) and Oracle (51).
On being ranked tenth, Bharti Airtel chairman and managing director Sunil Bharti Mittal said: “It has always been our endeavour to create a world-class organisation that provides best in class services . We are proud to be up there with the very best in the world.’’ The companies ranked by the Business Week were ranked on four criteria—return of equity, revenue growth, shareholder return (given equal weight) and total revenue (which was weighted ), the release added.
Meanwhile, Bharti plans to spend $100 million (Rs 450 crore) in the horticulture sector over the next five years as part of its agri-business foray.
“We will invest $ 100 million in next five years in our agri-business initiatives,’’ group chairman Sunil Mittal said.
He said the investment would involve acquiring farm lands, setting up R&D base and other basic infrastructural facilities like cold storage for developing the base for a sizeable horticulture business. He said the group now owns 5,000 acres of land in Punjab wherein it has already undertaken plantation of horticultural crops for export purposes.
“We plan to acquire 1,00,000 acres of agricultural land in the next five years for this business,’’ he said, adding “The venture would concentrate on horticultural crops that have export potential.’’
Bharti was ahead of Motorola (ranked 11), Google (13), Microsoft (37), Hewlett-Packard (44) and Oracle (51).
On being ranked tenth, Bharti Airtel chairman and managing director Sunil Bharti Mittal said: “It has always been our endeavour to create a world-class organisation that provides best in class services . We are proud to be up there with the very best in the world.’’ The companies ranked by the Business Week were ranked on four criteria—return of equity, revenue growth, shareholder return (given equal weight) and total revenue (which was weighted ), the release added.
Meanwhile, Bharti plans to spend $100 million (Rs 450 crore) in the horticulture sector over the next five years as part of its agri-business foray.
“We will invest $ 100 million in next five years in our agri-business initiatives,’’ group chairman Sunil Mittal said.
He said the investment would involve acquiring farm lands, setting up R&D base and other basic infrastructural facilities like cold storage for developing the base for a sizeable horticulture business. He said the group now owns 5,000 acres of land in Punjab wherein it has already undertaken plantation of horticultural crops for export purposes.
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“We plan to acquire 1,00,000 acres of agricultural land in the next five years for this business,’’ he said, adding “The venture would concentrate on horticultural crops that have export potential.’’
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