Top 10 most innovative companies in India – 2011

US based business magazine FastCompany has released its version of “Top 10 most innovative companies in India” for the year 2011. FastCompany magazine reports on topics including digital media, technology, innovations, designs, etc., and releases about 10 magazines per year and is a well known name in the tech world.

If you are still not aware of this company, this should give you some reference – Robert Scoble, an ex Microsoft employee, a prolific blogger and a well known person in the tech world, worked for FastCompany as a video blogger. Now, lets have a look at their rank list …

The 10 Most Innovative Companies in India – 2011

1. Shaadi.com :  For proving that marriage, Indian-style, works online as well as off.

2. Tata Motors :  For launching products such as Nano, Aria, Indigo and a host of commercial and utility vehicles that meet the particular transport needs of Indian consumers and businesses.

3. HarVa : For expanding India’s outsourcing industry to rural areas. HarVa is one of India’s first rural business process outsourcing (BPO) operation.

4. Apollo Telemedicine Networking Foundation :   For scaling telemedicine.

5. Gram Vaani :   For making community radio possible in villages and small towns.

6. Invention Labs : For giving a “voice” to speech-impaired children.

7. A Little World : For taking banking to the remotest of villages in India.

8. Digital Green :  For crowd sourcing instructional videos and to reach the legions of Indian farmers that ignore instructional media from the agriculture industry.

9. Fabindia : For connecting more than 40,000 traditional craftspeople with the world’s growing urban middle class.

10. Godrej Group : For introducing “ChotuKool” refrigeration to India’s rural masses.

And, here is what the list looked like for the previous year …

The 10 Most Innovative Companies in India – 2010

1. Indian Premier League (IPL)

2. VNL

3. Reliance Industries

4. Godrej Group

5. Narayana Hrudayalaya

6. Bharti Airtel

7. Wipro

8. A Little World

9. Mahindra & Mahindra

10. Infosys

Well, above lists certainly capture some of the innovative business trends in India. IMHO, though they might not be the top 10, these companies are certainly worth a place in the list. If you want to know the full reason what these companies did to get listed on FastCompany’s innovative company list, I would recommend you to head on to their articles here and here.