5 Indian firms among Forbes' most innovative companies

Highlights & Fact File:

•  The annual 'World's Most Innovative Companies' list has been released.

•  California-based global cloud computing company Salesforce topped  for the fourth year in a row with a market cap of USD 35.87 billion.

•  Five Indian companies, including Hindustan Unilever and Tata Consultancy Services, are among Forbes' list of the world's 100 most innovative companies that investors think are most likely to "generate big, new growth ideas".

The five Indian companies on the list are -

1. Hindustan Unilever (14th)

2. Tata Consultancy Services (57th) , Market Capital USD 71.25 billion as of May 2014.

3. Larsen & Toubro (58th ) , Market Capital of USD 19.81 billion.

4. Sun Pharma Industries (65th), Market Cap of USD 19.88billion.

5. Bajaj Auto (96th) ,Market Cap of USD 10 billion.

The other companies making up the top five on the list are Connecticut-based biotech firm Alexion Pharmaceuticals (2), British semi-conductor company ARM Holdings (3), fast moving consumer goods company Unilever Indonesia (4) and New York-based biopharmaceutical company Regeneron Pharmaceuticals (5).

The US was home to a majority of the companies on the list with 41 firms headquartered in the country, followed by Europe with 29 companies.