ITC, Bajaj Auto, Bhel, Infosys and RIL are among the 12 listed Indian companies which have been named by Forbes Asia in its list of “Fabulous 50”.

This is the second annual “Fabulous 50” list, the best of Asia-Pacific’s publicly-traded companies with revenues or market capitalisation of at least $5 billion.

According to Forbes, every name in the list of Fab 50 had to meet a gamut of exacting standards — long-term profitability, sales and earnings growth plus projected earnings and stock price gains. Most of the 12 companies in the Fab 50 list have gained substantially on the bourses over the last year.

India has been represented by the maximum number of companies followed by Japan with nine and South Korea and Taiwan with six companies each and China and Australia with five each. Other Indian companies are ICICI Bank, HDFC Bank, L&T, Satyam Computers, Sterlite Industries, Tata Motors and Wipro.