Forbes Ranks RIL 193rd, ONGC 198th, SBI 219th And Indian Oil 303rd
Mumbai   04-Apr-2008
After billionaire businessmen, it is the turn of companies from India to shine on Forbes radar with as many as 48 firms making it to a list of the world's biggest companies compiled by the US magazine. Led by India's most valued firm Reliance Industries and PSU major ONGC, all these 48 Indian firms named in the 'Global 2000 List' have a billion-dollar size in terms of market value. The rankings, topped by British banking behemoth HSBC, have been compiled on the basis of a composite score of sales, profit, assets and market capitalisation. HSBC is followed by industrial conglomerate General Electric, Bank of America, JP Morgan Chase and Exxon Mobil - all four from the US - in the top five positions. Two Indian firms, Mukesh Ambani-promoted RIL and ONGC are among the top 200 companies at 193rd and 198th ranks. Earlier in March, Forbes had released its list of world's richest billionaires that included 53 Indian businessmen, with four of them Lakshmi Mittal, Mukesh Ambani, Anil Ambani and KP Singh figuring among the world's ten wealthiest. RIL and ONGC are followed by two PSU majors State Bank of India (219th) and Indian Oil (303rd), the country's biggest private sector lender ICICI Bank (374th) and state-run power generation major IMTPC (411th). The Indian presence is almost evenly divided among the private and state-run companies. While none of the Indian companies have managed to find a place among top 100, it has two firms run by people of Indian origin. Vikram Pandit-run banking giant Citigroup and Lakshmi Mittal-head-ed steel behemoth Arcelor Mittal are at 34th and 38th positions, respectively Indra Nooyi-run beverage major Pepsico has been ranked at 13lst position. Other Indian companies on the list include SAIL (647th) and Tata Steel (738th), telecom giants Bharti Airtel (826th) and Reliance Communications (846th), software major TCS (927), housing finance giant HDFC (949th), engineering heavyweight Larsen and Toubro (961st) and state-run oil firm BPCL (967th). While Mukesh Ambani-led RIL has topped the list of Indian companies, there are also three firms belonging to the group led by his younger brother Anil Ambani - Reliance Comm, Reliance Power (1,597th) and Reliance Capital (1919th). According to Forbes, the global 2000 companies have combined revenue of $30 trillion, $2.4 trillion profit, $119 trillion in assets and $39 trillion in market capitalisation. Besides, these companies employ 72 million people across the world. Other Indian companies include BHEL (1012), Infosys (1040), HDFC Bank (1093), Wipro (1102), Tata Motors (1111), HPCL (1112), NMDC (1134), ITC (1159), PNB (1166), DLF (1185), Hindalco (1205), GAIL (1249), Canara Bank (1305), Axis Bank (1361), Bank of India (1375), PGCIL (1413), Bank of Baroda (1477), Nalco (1478) and Unitech (1484). The list also has Grasim (1527), Indian Overseas Bank (1737), IDBI (1744), PFC (1753), Union Bank of India (1759), Satyam (1763), Central Bank of India (1803), Syndicate Bank (1833), M&M (1919), Uco Bank (1935), Oriental Bank (1952), Suzton Energy (1954) and Allahabad Bank (1996th).