December 02, 2008

TATA and RIL among 25 most innovative companies globaly

It is reported that TATA Group and Reliance Group have made it to the league of the world's 25 most innovative companies, riding on the cheapest commercial car Nano and an aggressive growth path, respectively. Both TATA and RIL have made it for the first time to the annual list.

The list is topped by Apple Computer followed by Google, Toyota, General Electric and Microsoft. TATA group is ranked at the 6th position, while Reliance Industries is at 19th spot.

About TATA group, BusinessWeek said that "It jumps onto our list for the first time, fuelled by its paradigm busting USD 2,500 Nano car for the masses. The car, from its TATA Motors unit, is the world's cheapest, thanks partly to a distribution model that sells the auto in kits to entrepreneurs who assemble them for buyers."

About RIL, it noted that "It made it onto our list this year thanks to fans of its aggressive growth. But its ambitious plans to reach into grocery retailing, which is dominated in India by small shopkeepers who have rebelled against corporate entrants, have faltered."

The list, published in the April 28th 2008 edition of BusinessWeek magazine, has been compiled by the US financial publication in collaboration with Boston Consulting Group.