Eight Indian companies have made the cut in the list of world’s 500 largest companies compiled by Fortune magazine, with Indian Oil and Reliance Industries finding a place in the top 100.
Out of the eight, five are state0run entities. With an annual revenue of $86,016 million, Indian Oil has cornered the 83rd spot up from 98th place last year.
Mukesh Ambani-led Reliance Industries is the first Indian private firm to made into the top 100 list. With an annual revenue of $76,119 million, RIL, has improved its ranking to 99 from previous year’s 134.
Besides IOC and RIL, the other Indian companies in the list are: Tata Steel, Tata Motors, Bharat Petroleum, Hindustan Petroleum and Oil & Natural Gas Corporation and public sector bank State Bank of India.
The list also features Citigroup and ArcelorMittal, led by people with Indian roots.
Fortune’s global list of world’s 500 largest companies for 2012 is topped by Royal Dutch Shell ending the retail major Wal-Mart Stores’s two-year winning streak. The energy giant had annual revenues of $484,489 million.
American companies have cornered 132 places in the list, followed by China 73 seats and Japan 68 seats.
Keywords: Fortune magazine, Fortune top companies, top 500 companies
It is ironical that people are people are discussing over how many companies are in fortune 500. it does not make any sense that we are having 100 of indian companies in fortune 500 but one third of our population is not having two time meals......It is more important for us to have the hunger of all poor indians satisfied instead having a single company in top 500.
Lol...You guys are so pessimists...If you are so concerned, why dont you
start companies that can become Fortune 500??? Look at the list...many
of those companies started before we got our independence.....be an
optimists and help India become a country of Entrepreneurship and not
pessimism...
It's a great pleasure on hearing that 8 Indian cos stand in "The Fortune's world largest companies list".But, as compared with others(USA,CHINA, JAPAN) its not significant.of course,It's not mandatory that a country has more population it should be first in all..since every constitution has its own amendments.Anyway try to work on it in more efficient way.
"MERA BHARAT MAHAAN..."
India's dismal show. China a newcomer has 73. India ranks higher only in
corruption,dirty politics and casteism.
Its shameful in fortune-500 listing number of Indian companies are very less. Indian I think have no feeling for competition & also no courage to stand in front of Europeans as well as Americans. We have same old set of mind that was before independence.
We increased in number but not in quality!!!
Very very disappointing & letting every indian heads down
We have the satisfaction of seeing two companies i.e. Indian Oil and Reliance
Industries in the Fortune 100 companies. Hope more will join soon.
Its good to see 8 indian companies in the top 500 companies of the world but if compared to USA, China and Japan our tally stands nowhere. With such a vast population base and purchasing power parity, atleast 50 companies should have been in there in the top 500 list and 15 in the top 100. Thats what we indians expect. If they (USA,China,Japan) can why cant we. our enterpreneurs must think over it.
shame!!! should be according to population.
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