17 Indian firms invited to join league of 'Global Growth Companies'

NEW DELHI: Seventeen "fastest growing" Indian companies, including Avesthagen and Flipkart, have been invited to join the World Economic Forum Global Growth Companies (GGCs) community comprising 370 firms.

The selected companies are: 4G Identity Solutions, ANI Technologies, Avesthagen, Bandhan Financial Services, Centum Electronics, Finolex, Flipkart, Forbes Marshall, InterGlobe Enterprises, Justdial, MakeMyTrip, Nash Industries, Persistent Systems, Radikal Foods, RBL Bank, Sobha, and Transasia Bio-Medicals.

These companies were nominated on the strength of their ability to become future global leaders and represent a broad spectrum of sectors, including banking, retail, information technology, chemicals and energy, WEF said in a news release.

The honoured companies would receive awards at the ongoing India Economic Summit here.

"The World Economic Forum is proud to recognise these 17 champions that are at the forefront of driving responsible economic growth, job creation and entrepreneurism in South Asia," World Economic Forum Managing Director and Head of New Champions David Aikman said.

Nomination as a GGC provides companies with an opportunity to join the larger GGC community of over 370 companies worldwide.

These companies contribute to the Forum's meetings, projects and knowledge products, which in turn support them on their path to achieving responsible and sustainable growth.

GGCs are fast-growing companies with the potential to become global economic leaders.

The nominated GGCs represent a broad cross-section of industry sectors but share a track record of exceeding industry standards in revenue growth, promotion of innovative business practices and demonstration of leadership in corporate citizenship, WEF added.