Four Indian firms have been listed in the top 10 based on their market value including Reliance Industries Ltd (RIL), Bharti Airtel, Infosys Technologies and Tata Consultancy Services.
RIL and Tata Steel also feature in the top 10 league in terms of sales.
While Adani Enterprises, Axis Bank, Jindal Steel & Power and Tata Consultancy Services are the four new comers in the Indian league, Bharat Heavy Electricals, Larsen & Toubro and RIL are the firms that have managed to return to the list.
In terms of the number of firms being featured from each country, India falls second to China which is represented by 16 firms on the list,
"The mainland firms together with five from Taiwan and three from Hong Kong account for almost half of the entries, giving Greater China the biggest regional representation on the list," Forbes said.