Eight Indian companies featured in the 2010 Fortune 500 global list with five being state owned firms of which, four were in the oil and gas sector while one in banking. The three private sector firms were Mukesh Ambani's Reliance Industries (RIL), Tata Steel and Tata Motors.
Tata Motors, despite having to face the savages of the recession at its UK operations last year, entered the list for the first time this year. The acquisition of Jaguar Land Rover and launching the world's cheapest car Nano, helped the car maker to enter the elite 500 list.
Tata Motors and RIL also made it in Fortune 50 fastest-growing companies ranked 42 and 34 as they grew by 24.1 and 29.2 per cent respectively.
Although IT giants like Infosys and Wipro have emerged as true global players but it could be still some time before they make it to the elite Fortune 500 list.
Among the companies led by CEO's of Indian origin were Lakshmi Mittal of ArcelorMittal ranked at 99, Vikram Pandit's CitiGroup at 33, PepsiCo led by Indra Nooyi at 171 and Motorola at 391 led by Sanjay Jha.
|2010 Rank ||2009 Rank ||Company ||Revenues (in billions)|
|1 ||125 ||Indian Oil ||$54.28|
|2 ||175 ||Reliance Industries ||$41.0|
|3 ||282 ||State Bank of India ||$28.2|
|4 ||307 ||Bharat Petroleum ||$26.5|
|5 ||354 ||Hindustan Petroleum ||$23.8|
|6 ||410 ||Tata Steel ||$21.58|
|7 ||413 ||ONGC ||$21.44|
|8 ||442 ||Tata Motors ||$19.50|