Forbes lists Kerala's AVT Natural in 200 companies from Asia-Pacific region

KOCHI: Kerala-based AVT Natural Products Ltd today said it has been named by Forbes in its list of 200 best companies from Asia-Pacific region with under $ one billion revenue.

AVT Natural is part of the AV Thomas Group of companies based in South India.

AVT Natural with $ 47 million (Rs 260 crore) sales, $ 11 million (Rs 60 crore) net income and $ 52 million (Rs 290 crore) market capitalisation, is one among 23 Indian companies to find a place in this esteemed list, a company press release said.

The list is recognition of the importance of small and medium enterprises in powering the Asia-Pacific economy, it said.

It comprises companies from China and Hong Kong (72), India (23), Taiwan (23), South Korea (16), Malaysia(14), Australia(14), Vietnam(8), Indonesia(7), Thailand(6), Japan(4), Singapore(4), Philippines(3), Pakistan(3), Sri Lanka(2), and New Zealand (1).

Only publicly traded profitable companies with revenue greater than $5 million but less than $1 billion were considered for the list.

It was further trimmed down based on business performance indicators like sales and earnings growth as well as return on equity delivered in the preceding 12 months and over three years.

The list was further scrutinised to remove companies which are thinly traded on the stock exchanges and those facing accounting or major legal troubles, the release said.