"Infosys' leading position headlined an Asian invasion in the rankings," Forbes said.

Infosys, TCS and Tata Motors are among the 17 companies that have made it to the latest Forbes' list of the World's Best Regarded Companies.

While Infosys has been ranked third in the list -- just behind payment technology major Visa and Italian car maker Ferrari, ranked 1 and 2, respectively -- Tata Consultancy Services (TCS) has been ranked No. 22. At 31st place, Tata Motors has also found a place among the top 50 companies in the list.

Forbes partnered with Statista to prepare the list that includes 250 companies which are ranked based on trustworthiness, social conduct, the strength of their products and services and how they fare as employers.

To gather data, Statista surveyed 15,000 respondents from more than 50 countries, Forbes said.

Infosys marked a huge improvement in the ranking as it jumped to the third position this year, from 31st position in 2018.

"Infosys' leading position headlined an Asian invasion in the rankings," Forbes said.

The other top ten companies in the list for 2019 are Netflix at No. 4, followed by PayPal (5), Microsoft (6), Walt Disney (7), Toyota Motor (8), Mastercard (9), Costco Wholesale (10).

Other Indian companies in the list include Tata Steel (105), Larsen & Toubro (115), Mahindra & Mahindra (117), HDFC (135), Bajaj Finserv (143), Piramal Enterprises (149), Steel Authority of India (153), HCL Technologies (155), Hindalco Industries (157), Wipro (168), HDFC Bank (204), Sun Pharma Industries (217), General Insurance Corporation Of India (224), ITC (231) and Asian Paints (248).