In a list of the World's Best Regarded Companies compiled by Forbes, as many as 17 Indian companies were included.

Bengaluru-based Infosys ranked third on the list following payments technology Visa and Italian car-maker Ferrari, that made to the first and second position, respectively.

Infosys Ltd saw a massive jump in its ranking from being the 31st most regarded company in 2018.

Other companies in the top ten list were:

4. Netflix

5. PayPal

6. Microsoft

7. Walt Disney

8. Toyota Motors

9. Mastercard

10. Costco Wholesale

Indian companies that made it to the list were:

22. Tata Consultancy Services

31. Tata Motors

105. Tata Steel

115. Larsen & Toubro

117. Mahindra & Mahindra

135. HDFC

143. Bajaj Finserv

149. Piramal Enterprises

153. Steel Authority of India

155. HCL Technologies

157. Hindalco Industries

168. Wipro

204. HDFC Bank

217. Sun Pharma Industries

224. General Insurance Corporation Of India

231. ITC

248. Asian Paints

American companies dominated the list with 59 of the 250 companies. The next three most-represented countries are Japan, China and India.

Japan, China and India together house 82 companies on the list, up from 63 last year. "In all, nearly half of the 250 best-regarded companies are based in Asia, making it the most dominant continent," Forbes said.

The annual list was prepared by Forbes magazine in partnership with Statista where top 2,000 companies in the world were narrowed down to top 250. The best-regarded company rankings were based on trustworthiness, social conduct, the strength of their products and services and how they fare as employers.

Respondents from over 50 countries were surveyed by Statista.