Delhi: Nine Indian firms, including Indian Oil, HLL,
Infosys, Reliance and Wipro, have figured in the Forbes'
latest global list of finest large corporations.
The A-list of best
big companies was prepared by not merely measuring stock
prices or profits, but, rather, the ability of a company
to expand its sales and income, earning good profits that
reward shareholders over the long haul.
"Some of the
bigger companies, notably the big European telecom firms,
came close, while others, in particular the automakers,
were far out of the running," says Forbes.
The nine Indian
firms that appeared on the A-list were: Indian Oil, Bharat
Petroleum, State Bank of India, Reliance Industries, Hindustan
Petroleum, ONGC, Hindustan Lever, Wipro and Infosys Technologies.
While IOC topped the list of Indian firms with highest
sales of $23,288 million, ONGC was the numero uno
Indian company in terms of market capitalisation.
In terms of overall
market capitalisation, IOC was ranked 133, while Reliance
followed at 199 and HLL at 211. BPCL was ranked lowest
among the Indian firms at 381. IOC was ranked 56th in
the global list in terms of annual sales.
to Forbes, in order to be eligible for consideration,
a company must have had annual sales of at least $5 billion
in its latest reported financial year or a market value
of $5 billion or more in mid-March. Of the 60,000 corporations
around the world with common stock, about 1,100 met one
of those criteria.