The list titled "Tomorrow's Winners" prepared by global investment banking giant Morgan Stanley also includes telecom major Bharti Airtel, engineering and construction major Larsen & Toubro, Kishore Biyani-led Pantaloon Retail, infrastructure company IDFC and real estate firm Sobha Developers.
"Of the companies selected, more than half are listed in either China or India. Many of these are capitalising on major secular trends, such as infrastructure investment and per capita consumption growth," Morgan Stanley said in a report.
"The rapid growth of Asian markets, India and China in particular, has led to an unparallelled focus on the region and its businesses," it said, adding that these are the companies "that can build on their cThe companies chosen lead their domestic competitors and are strong enough to withstand competition from abroad. The majority operate in industries that have high barriers to entry," the report said.
The list was prepared after reviewing companies, their industries and respective competitive advantage.
Besides seven Indian firms, there are six listed in Hong Kong, two each in China, Taiwan and Korea and one in Australia. The Hong Kong-listed firms are Belle International, China Mengninu Dairy, Espirit Holdings, Li and Fung, Tencent Holdings and Cayman Islands-based Tingyi Holding Corp.
The two Korean firms are Samsung Techwin and Woori Finance Holdings, while those from Taiwan are Foxconn Tech and Gemtek Techompetitive edge over the long term and consistently deliver outstanding shareholder returns