Mukesh Ambani-promoted Reliance Industries Ltd (RIL) leads the pack of 57 Indian companies that feature on a list of the world’s most powerful publicly-listed companies, brought out by Forbes based on the firms’ rankings for sales, profits, assets and market value.
RIL, with sales of $45.3 billion (about Rs 2,00,000 crore), was ranked 121 — up five rungs from last year — on the list of the 2000 global companies, followed by State Bank of India at 136, Oil and Natural Gas Corporation at 172 and India Oil Corporation at 243. Last year, there were 56 Indian companies on the Forbes Global 2000 list.
All told, the 57 Indian companies on the list account for $465 billion in revenues, $50.64 billion in profits, $1.68 trillion in assets and $814 billion in market value.
China, with 121 companies, is the fastest rising profit centre of global corporate world.