7 Indian cos in Fortune list
New Delhi   10-Jul-2008
Mukesh Ambani-led Reliance Industries (RIL) has emerged as the top Indian private company on the latest Fortune 500 Global list, where the country's presence has grown to seven firms with a debut by Tata Steel. The list, released by US business magazine Fortune on Wednesday, includes two private (RIL and Tata Steel) and five public sector companies from India, <b>topped by IndianOil</b>, and including BPCL; HPCL, ONGC and SBI. <b>IndianOil is the top-ranked Indian company among both private and public sectors at 116th position in the worldwide list</b>, topped by retail giant Wal-Mart. Besides making its debut at 315th position, Ratan Tata-led Tata Steel has also been named as the company with highest revenue growth of over 353% over the past year. Tata Steel recorded 17th fastest growth in profit among all the companies globally, Fortune said. RTL, which has been ranked at 30th in terms of revenue growth, has jumped 63 places to grab the 206th rank. SBI has been ranked at 21st place in terms of revenue growth. RIL is ranked second after IndianOil among all the Indian companies and followed by Bharat Petroleum (287), Hindustan Petroleum (290), ONGC (335) and State Bank of India (380). SBI is the seventh biggest climber among all the global companies, while RIL and BPCL have been ranked at 23rd and 50th in terms of gains from the previous year rankings.