For the second consecutive year, HDFC Bank has secured a place in Forbes' list of the best 50 of Asia-Pacific's biggest listed companies, out of a universe of 500.

Ten Indian companies including HDFC bank have made their way into the Forbes' list of top 50 best listed companies in the Asia-Pacific zone. ‘Fab 50' companies include only four banks and HDFC Bank from India being one of them stood at 22.

The other nine Indian companies that made to the list are Infosys Technologies (25), Wipro(46), Reliance Industries(39), Bharat Heavy Electricials Ltd (5), Larsen and Toubro (30), Tata Steel(44), Bharati Airtel(6), Mahindra and Mahindra (34) and ITC Ltd(27).

India with 10 companies comes second on the list after China, which has the maximum representation of 13 firms. Hong Kong has another five, Taiwan six and Australia seven companies on the list.

"Indian companies once again had a strong showing, with 10 making our cut. Infosys and Wipro, perennial top performers, are back for the fourth year. RIL, BHEL, L&T are back for the third year," mentioned a US based business magazine.

The Forbes' list is based on long-term profitability, sales and earnings expansion, stock price appreciation and projected earnings for each and every company in the area with grosses or market capitalization of at least $5 billion.

Companies have been recognized for their sheer flexibility, "It's easy to pick winners when business is booming," the magazine points out. "Many on this list have shown they can outperform in good times and bad".

Besides 10 Indian firms on this year's Asian Fab 50 list, two others from India have also made to an accompanying list of `Fab 50 Companies to Watch`. Axis Bank and Jindal Steel & Power are two Indian firms on this list that has a total of 13 firms.