57 Indian firms in Forbes Global 2000 list

Monday, 25 April 2011, 15:34 IST   |    11 Comments
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57 Indian firms in Forbes Global 2000 list
Washington: As many as 57 Indian companies including Reliance Industries, State Bank of India and Oil and Natural Gas figure in The Forbes Global 2000 list of public companies based on their rankings for sales, profits, assets and market value. Reliance with sales of $45.3 billion is ranked 121st in the list with three public State Bank of India Group (136, $29.1 billion), Oil and Natural Gas (172, 22.6 billion) and Indian Oil (243, $52.1 billion) taking the next three places among the Indian firms. Other companies in India's top ten were ICICI Bank (288, $13.2 billion), NTPC (348, $10.8 billion), Coal India (418, $10.4 billion), Bharti Airtel (453, $9.3 billion), Larsen & Toubro (499, $9.8 billion) and Tata Motors (512, $20.2 billion). JPMorgan Chase is in the top spot for the second consecutive year as the world's largest company followed by HSBC, up six spots fuelled by a 121 percent growth in profits in the past fiscal year. In total, the Global 2000 companies now account for $32 trillion in revenues, $2.4 trillion in profits, $138 trillion in assets and $38 trillion in market value. These firms also employ 80 million people worldwide. The Asia-Pacific region led The Global 2000 again this year with 701 companies, including the most additions (11) to the list of the regions - Asia-Pacific, Europe, Middle East & Africa-EMEA, the Americas and the U.S. - with doubled profits, by far the biggest increase. The biggest profit centre was China, as 121 companies, including PetroChina, ICBC and Sinopec, returned an aggregate profit of $168 billion. Japan and South Korea also showed impressive gains in profits and assets. With the U.S. economy back on its feet, growing at a steady 3 percent clip over the past 12 months, American firms on The Forbes Global 2000 are growing far faster. Total sales were up 12 percent in 2010 over 2009, and profits continue to rise-up 69 percent, versus 56 percent for the S and P 500. Still, the U.S. grip on The Global 2000 has been slipping since 2004, when the number of U.S. constituents was 751. It's now 536. The U.S. still accounts for the most firms among the top 100 with 28. Here is the list of Indian companies and their sales with their world ranking in brackets: 1.. (121) Reliance Industries $45.3 Billion 2.. (136) State Bank of India Group $29.1 Billion 3.. (172) Oil & Natural Gas $22.6 Billion 4.. (243) Indian Oil $52.1 Billion 5.. (288) Icici Bank $13.2 Billion 6.. (348) NTPC $10.8 Billion 7.. (418) Coal India $10.4 Billion 8.. (453) Bharti Airtel $9.3 Billion 9.. (499) Larsen & Toubro $9.8 Billion 10.. (512) Tata Motors $20.2 Billion 11.. (541) Steel Authority of India $9 Billion 12.. (589) HDFC Bank $4.5 Billion 13.. (639) Bharat Heavy Electricals $7.4 Billion 14.. (643) Hindalco Industries $13.5 Billion 15.. (653) Punjab National Bank $5.7 Billion 16.. (701) Tata Consultancy Svcs $6.7 Billion 17.. (735) HDFC-Housing Devel $2.8 Billion 18.. (763) Bank of Baroda $4.5 Billion 19.. (769) Tata Steel $22.8 Billion 20.. (782) Wipro $6.1 Billion 21.. (789) Infosys Technologies $5.1 Billion 22.. (816) Canara Bank $4.9 Billion 23.. (820) Axis Bank $3.4 Billion 24.. (899) GAIL (India) $6 Billion 25.. (918) ITC $4.3 Billion 26.. (963) Bank of India $4.6 Billion 27.. (964) Bharat Petroleum $27.6 Billion 28.. (1008) Reliance Communications $4.6 Billion 29.. (1025) Mahindra & Mahindra $7 Billion 30.. (1054) Hindustan Petroleum $23.5 Billion 31.. (1076) NMDC $1.4 Billion 32.. (1119) Power Grid of India $1.6 Billion 33.. (1195) Power Finance $1.8 Billion 34.. (1204) Jindal Steel & Power $2.5 Billion 35.. (1241) Union Bank of India $3.4 Billion 36.. (1275) DLF $1.6 Billion 37.. (1353) Rural Electrification $1.5 Billion 38.. (1368) Tata Power $4.2 Billion 39.. (1388) NHPC $1.1 Billion 40.. (1405) Adani Enterprises $5.8 Billion 41.. (1423) IDBI Bank $4 Billion 42.. (1492) Grasim Industries $4.4 Billion 43.. (1512) Kotak Mahindra Bank $2.1 Billion 44.. (1513) Central Bank of India $3.1 Billion 45.. (1515) Indian Bank $2 Billion 46.. (1546) Oil India $1.8 Billion 47.. (1560) Hero Honda Motors $3.5 Billion 48.. (1591) Allahabad Bank $2.2 Billion 49.. (1613) Oriental Bank of Commerce $2.6 Billion 50.. (1639) Bajaj Auto $2.6 Billion 51.. (1645) Corporation Bank $1.9 Billion 52.. (1684) Sun Pharma Industries $850 Billion 53.. (1709) UCO Bank $2.3 Billion 54.. (1780) JSW Steel $4.2 Billion 55.. (1782) Syndicate Bank $2.5 Bn 56.. (1806) Indian Overseas Bank 29.2 Billion 57.. (1831) Andhra Bank 1.6 Billion
Source: IANS