Five Indian companies, including Hindustan Unilever and Tata Consultancy Services, are among Forbes' list of the world's 100 most innovative companies that investors think are most likely to "generate big, new growth ideas".
The annual 'World's Most Innovative Companies' list, released on Wednesday, has been topped by California-based global cloud computing company Salesforce for the fourth year in a row. Here's a look at the Indian companies that made the list.
Sector: Consumer goods
Hindustan Unilever recorded an innovation premium of 54.7 per cent.
Forbes said the innovation premium is a measure of how much investors had bid up the stock price of a company above the value of its existing business based on expectations of future innovative results like new products, services and markets.
Image courtesy: Reuters