56 Indian companies make it to `Forbes Global 2000' list
22 Apr 2010
As many as 56 Indian companies, including Reliance Industries and State Bank of India, have made the cut to the world's 200 most powerful listed companies, according to US magazine Forbes.
The 'Global 2000' power list is topped by US banking giant JP Morgan Chase. General Electric, Bank of America and ExxonMobil follow in the pecking order.
Among Indian top performing corporates are Reliance led by Mukesh Ambani, which takes the top spot and is at 126th place in the global list.
Other Indian companies in the list include State Bank of India (130), ONGC (155), ICICI Bank (282), Indian Oil (313), NTPC (341), Tata Steel (345), Bharti Airtel (471), Steel Authority of India (502), Larsen & Toubro (548) and HDFC Bank (632).
The global rankings cover 62 countries with the US (515 members) and Japan (210 members) dominating the list, which is in line with the usual pattern but the number of companies from developing nations in the Global 200 is fast on the rise.
The magazine said, this year, China with 113 members, India with 56 and Canada with 62 were the nations that gained the most in the list.
The magazine's rankings of the world's top-rated companies on the basis of an equal weighing of sales, profits, assets and market value according to size and this year's list reveals the dynamism of global business, according to analysts.