Indian Oil Corporation Limited, has consistently featured in Fortune 'Global 500' list, alongside world's top companies for over two decades. Ranked 168th this year, IndianOil continues to lead Indian corporates, being the only Indian company in top 200 in the prestigious list.
What makes IndianOil a key player in the global market, is an amalgamation of factors, much of which comes from the deep understanding of the current industrial scenario. Leveraging innovation and technology constantly in its operations, strategies and successful ventures, IndianOil has been contributing significantly to the nation and a diverse strata of the society, creating multiple inclusive opportunities, thus providing a perfect platform for new ideas to flourish.
With a workforce of around 33,000 extremely dedicated and hard-working employees, IndianOil provides a vibrant space for professional intellectual development. The testimony to this, is proven by the fact that most of IndianOil's top executives have grown from within the organization and their success is a treasure of immense opportunities for growth available to the ambitious minds who have a spark to grow.
Being India's largest commercial enterprise, IndianOil's sales turnover for 2016-17 was Rs. 4, 38,710 crore (USD 65,391 million) and profit for the period was Rs. 19,106 crore (USD 2,848 million). The improvement in operational and financial performance for FY 2016-17 reflected in the market capitalization of the Company, which stood at Rs. 1,87,948 crore as on 31st March 2017. In view of its rising share price and market capitalisation, IndianOil was also included in the Nifty50 index (NSE benchmark index of 50 best performing corporates).
The Fortune Global 500, also known as Global 500, is an annual ranking of the top 500 corporations worldwide as measured by revenue. The list is compiled and published annually by Fortune magazine. This year, overall, the 500 companies featured on the list generated $27.7 trillion in revenues and $1.5 trillion in profits in 2016. The companies, represented by 34 countries, employed 67 million people combined.
Asst. Manager (Corporate Communications)