After our 53 billionaires, 48 Indian cos shine on Forbes list

New York, April 3 After billionaire businessmen, it is the turn of companies from India to shine on the Forbes radar, with as many as 48 firms making it to the 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 in the Global 2000 List have a billion-dollar size — both in terms of turnover and 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, JPMorgan Chase and ExxonMobil — all four from the US — in the top five positions. Two Indian firms, Mukesh Ambani-promoted RIL and ONGC are among the top 200 firms at 193rd and 198th ranks.

Earlier in March, Forbes had released its list of the world’s richest billionaires, which included 53 Indian businessmen with four of them — Lakshmi Mittal, Mukesh Ambani, Anil Ambani and KP Singh — figuring among the world’s 10 wealthiest. RIL and ONGC are followed by two PSU majors, State Bank of India (219th) and Indian Oil Corporation (303rd), the country’s biggest private sector lender ICICI Bank (374th) and state-run power generation major NTPC (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 the top 100, it has two firms run by people of Indian origin. Vikram Pandit-run banking giant Citigroup and Lakshmi Mittal-headed steel behemoth ArcelorMittal are at 24th and 38th positions respectively. Indra Nooyi-run beverage major PepsiCo has been ranked at the 131st position.

The 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 & 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 estranged younger brother Anil Ambani — Reliance Comm, Reliance Power (1,597th) and Reliance Capital (1,919th).

According to Forbes, the Global 2000 companies have a combined revenue of $30 trillion, profits of $2.4 trillion, assets of $119 trillion and market capitalisation of $39 trillion. Besides, these companies employ 72 million...

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After our 53 billionaires, 48 Indian cos shine on Forbes list

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