DHAKA, 6 December 2020,  (TON): Forbes, the US-based business magazine, has given place to the three Bangladeshi companies - Square Pharmaceuticals, Renata, and Fortune Shoes on its Asia's 200 Best Under a Billion List 2020.

Forbes listed the Asia-Pacific region's 200 companies with small and mid-sized and those sales are less than one billion dollars. It has taken into account the continuous growth of the companies and the exceptional track record of corporate performance of these companies to make the list.

It calculated one year of data until July 6. It selected 200 companies out of 18,000 companies listed in the share market from the Asia region. It considered the quality of the companies with debt, sales, and net income per share from one year to three years of quantitative data on companies.

Forbes has added three companies in the consideration of the exceptional corporate performance of the companies in the terms of sales and profit growth, debt rate control, and robust governance.

Bangladeshi Square Pharmaceutical is added by Forbes which is established in 1958. The company's current market value is 1,716 and sales are $512 million with a net income of $150 million. It has 9,234 employees.

This company manufactures and markets pharmaceuticals, basic chemicals, and animal health products. It exports different antibiotics and medicine to 36 countries of the world. It is founded by Samson H. Chowdhury.

Another Bangladeshi company Reneta Pharmaceuticals' current market value is $1,071 million. The company has sales of $271 million with a net income of $45 million. It is established in 1971 and total employees are 7,324.

Reneta Limited is the fastest growing pharmaceutical and animal health product manufacturing company in Bangladesh.

As a new company established in 2010, the Bangladeshi footwear company Fortune Shoes Limited has got a place on this list. According to Forbes, the company's current market value is $28 million and sales are $18 million with a net income of $3 million. It employs 1,723.

The US-based business magazine Forbes covers original articles on finance, industry, investing, and marketing topics. It also reports in the field of technology, communications, science, politics, and law. It publishes the lists and rankings such as of the world's top companies, of the richest Americans, and the American's Wealthiest Celebrities.