Deepak Nitrite Limited (DNL), one of India’s leading chemical intermediates company received Forbes Asia Best Under Billion Top 200 Award. To celebrate the success of these 200 Best Under A Billion companies, Forbes Asia Best Under A Billion Virtual Forum and Awards Ceremony was held on November 23 from Singapore. 

 

The annual Forbes Asia Best Under A Billion list spotlights top performing publicly listed companies in the Asia-Pacific region with sales under $1billion. From 18,000 small and mid-sized companies, 200 companies were selected based on a composite score that incorporated their overall track record in measures such as debt, sales and earnings growth over both the most recent fiscal one- and three-year periods, and the strongest one- and five-year average returns on equity. The criteria also ensured a geographic diversity of companies from across the region. By using metrics both quantitative and qualitative, the final list of 200 companies were shortlisted. 

 

Maulik Mehta, CEO & Executive Director, DNL while receiving this prestigious recognition said: “I am delighted to receive Forbes prestigious recognition and ranking at a time- when company has entered 50th year of operation. I dedicate this award to our employees, customers and partners who have partnered with us to create this legacy. As a company we look forward to strengthening this legacy and are committed to build a sustainable future.” 

 

Christopher "Kip" Forbes, vice chairman of the Forbes Publishing company was present at the virtual event. He congratulated the winners from Asia.