Top 100 Indian American firms generated $2.3bn for 2003

-
The ninth edition of the study entitled "2004 VII Hundred" conducted jointly by the New York weekly News India-Times and Ventures International Inc says, top 100 companies owned or run by Indian Americans, generated $2.3 billion in revenues during 2003 and provided jobs to 18,491 workers. Productivity is at $124,000 per employee.
Only 21 listings were from the software sector, followed by 19 for professional services and 17 for manufacturing.
The eligibility criteria for participating in the study:
1. privately held
2. controlled by (CEO,President) must be Asian Indian origin
3. Minimum sales of $1 million
Ninety-two firms had made it to the 2003 list, as per the 8th edition of the survey, collectively generating $2.2 billion in revenues, providing jobs to 18,337 employees. Productivity is at $120,000 per employee.
Comparing 8th and 9th editions, the difference is only $0.1 billion in revenue.
$2.3Billion looks good for India, though it is almost nothing compared to other Asian counter parts in particular. Long way to go.

Comments

Post a Comment

Popular posts from this blog

Newsworthy News in Red October : Dow Jones & Tax Dodgers

-
Dow Jones Index crosses the symbolic 10000 figure. U.S. stocks rallied, sending the Dow Jones Industrial Average above 10,000 for the first time in a year, on better-than-estimated earnings at JPMorgan Chase & Co. and Intel Corp. Bank of America Corp., American Express Co. and JPMorgan more than doubled since the Dow slid to a 12-year low on March 9 as global financial firms began recovering from $1.6 trillion in writedowns and credit losses. International Business Machines Corp. and Hewlett-Packard Co. jumped at least 54 percent since March 9 on signs the nation was recovering from the worst recession in seven decades. Source: Bloomberg And, about 7500 International Tax dodgers file for IRS Amnesty to avoid jail Some 7,500 international tax dodgers have applied for an amnesty program that promises no jail time and reduced penalties for tax cheats who come forward, the Internal Revenue Service announced Wednesday. … The program is part of a larger eff
Read more

USCIS Selects Final H1B Petitions by Random Selection - Almost a 50% chance for each Application

-
U.S. Citizenship and Immigration Services (USCIS) announced today that on April 12 it conducted the computer-generated random selection process to determine which H-1B petitions, subject to the congressionally mandated H-1B cap for fiscal year 2008 (FY 2008), would continue to final processing. USCIS completed this determination ahead of the preliminary schedule noted on April 3, when it announced it had received enough petitions to meet the cap for FY 2008. The 123,480 cap-subject petitions received on April 2 and 3 were labeled with unique numerical identifiers and selected randomly by computer. The chosen numerical identifiers were then transmitted to the appropriate service center for further processing. Source: USCIS Announcement Number 123,480 looks a lot better keeping in view initial estimates. A good 50% chance for each application to be selected.  Update: 3rd May 2007 Hello friends, I understand your anxiety. But don’t loose your hope and/or temper yet. Please wait ti
Read more

Wanna-be an Entrepreneur? Get Started

-
Nothing teaches and prepares you to take on the World better than your own experience. So don't wait. Just Get Started, the moment you think You wanna be an entrepreneur.   These are a few books, PDFs, Podcasts, Presentations etc from my notebook, I believe will be a great help to get started. Get a hint about Markets: Future of Web Applications (Podcasts) Annual MIT Venture Capital Conference Videos ( Videos , List ) See What Others Are doing: Proto.in   ( Links , Videos ,  Notes ) Demo Techcrunch Understand What it Takes: The Art of The Start by Guy Kawasaki ( PDF , Video ) Cost of BootStrapping ( PDF , MP3 ) Go for it: Getting Real ( HTML ) How to be Creative ( PDF ) OnStartups ( Blog ) Its not that easy and all. But its a good start. Stay tuned for more. If you have a link to a resource that You think will be useful wanna-be's please add to it. ( Add as a comment or message to me). Technorati tags: inspions , startup , entrepreneur
Read more