Reliance still India’s richest firm in Forbes list; but China bags top 3 slots
08 May 2014
Reliance Industries Ltd leads the 54 Indian companies in Forbes ' latest annual list of the world's 2,000 largest and most powerful public companies.
Chinese companies occupy the top three slots on the Forbes 'Forbes 2000' list of the world's largest and most powerful public companies as measured by revenue, profits, assets and market value.
Apart from hogging the top three positions, China-based companies hold another two of the top 10 slots.
The US retains its dominance as a country with the most Global 2000 companies, at 564. Japan is second, with 225 companies in the list.
India is home to 54 of the world's biggest companies.
The Mukesh Ambani-promoted Reliance Industries is ranked 135 on the list, with a market value of $50.9 billion and $72.8 billion dollars in sales as of May 2014.
In India, RIL is followed by the State Bank of India, which is ranked 155 and has a $23.6 billion market value.
The other Indian companies on the list are state-run Oil & Natural Gas Corp, ranked 176, ICICI Bank (304), Tata Motors (332), Indian Oil Corp (416), HDFC Bank (422), Coal India Ltd (428), Larsen & Toubro (500), Tata Consultancy Services (543), Bharti Airtel (625), Axis Bank (630), Infosys Ltd (727), Bank of Baroda (801), Mahindra & Mahindra (803), ITC (830), Wipro (849), Bharat Heavy Electricals (873), GAIL India (955), Tata Steel (983) and Power Grid of India (1011).
Also making the list are Bharat Petroleum (1045), HCL Technologies (1153), Hindustan Petroleum (1211), Adani Enterprises (1233), Kotak Mahindra Bank (1255), Sun Pharma Industries (1294), Steel Authority of India (1329), Bajaj Auto (1499), Hero Motocorp (1912), Jindal Steel & Power (1955), Grasim Industries (1981) and JSW Steel (1990).
This year's Global 2000 companies are from 62 countries, up from 46 in the inaugural 2003 rankings. In total, they raked in revenues of $38 trillion and profits of $3 trillion, with assets worth $161 trillion and a market value of 44 trillion dollars.
These figures of the 62 countries are higher than a year ago, with the largest growth being in market value (up 13 per cent year-over-year).
The companies in question employ 90 million people worldwide, Forbes said.