Rank - 76 : Juniper Networks India

Juniper invested $400 mn (R&D activities) in FY10 mainly to support its $12
bn APAC market. The focus last year was on markets, channels and products and
this ensured significant wins across IT/BPO, BFSI, government, etc. Indian
Overseas Bank selected Juniper for providing an all-in-one networking solution
to its 600 branches nationwide. It came under the Income Tax scanner for
reportedly inflating the value of hardware it imported from the latter, by at
least Rs560 crore, over five years from 2004-05. Last July, the IT department
searched the offices of Juniper Networks India; at the time, Juniper admitted
that it had evaded tax to the tune of around Rs175 crore.