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Mumbai, 27 August 2013: Accelya Kale Solutions Ltd has reaffirmed its place in the prestigious Forbes Asia 200 list of companies this year after having featured in 2011 for the first time ever.
Accelya Kale is among the 19 companies from India to make up to the list.
“We are pleased with the recognition in the elite list of Forbes Asia 200 Best Under a Billion companies list. We will continue to strive hard to achieve the interest of all our stake holders,” said Vipul Jain, Managing Director and CEO of Accelya Kale Solutions Ltd.
The ranking of these top 200 companies is drawn from databases of 15,000 listed companies on the stock exchanges of Asia Pacific with revenue between $5 million and $1 billion, Forbes said.
The financial criteria to select these companies include five-year average return on equity and pretax margin greater than 10%, positive sales and earnings per share growth for both the most recent fiscal one and three-year periods, debt less than 75% of shareholders’ equity, and a trading history of at least one year. Around 873 companies fulfilled the criteria of which 200 companies made to the Forbes list.
The esteemed list this year is dominated by China and Hong Kong based companies occupying 63 places out of the list of 200. The tally further rises up to 89 if those domiciled in Taiwan are added to it, Forbes said.
Accelya Kale Solutions Ltd is part of the Accelya Group, a leading solutions provider to the Airline and Travel industry catering to the financial processes of over 200 airline customers and with its support tools and data analytics.
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