In a joint report, Grant Thornton and the Confederation of Indian Industry identified that about 700 Indian-owned companies in UK collectively employ more than one lakh persons.

The report basically monitors UK registered businesses with ultimate Indian parent companies and identifies the fastest growing corporates by turnover and employment size.

Off the 700 companies, 41 organisations were reportedly identified as registering year-on-year growth rates of more than 10 percent, with more than 26 corporates demonstrating particularly strong growth in excess of 20 percent.

According to sources, the report suggests that these 'Top 41' generated combined revenues of around 19 billion pounds.

JPN

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