India Home to 54 of World's Largest, Most Powerful Public Companies

Also making the list are Bharat Petroleum (1045), HCL Technologies (1153), Hindustan Petroleum (1211), Adani Enterprises (1233), Kotak Mahindra Bank (1255), Sun Pharma Industries (1294), Steel Authority of India (1329), Bajaj Auto (1499), Hero Motocorp (1912), Jindal Steel & Power (1955), Grasim Industries (1981) and JSW Steel (1990). This year’s Global 2000 companies are from 62 countries, up from 46 in the inaugural 2003 rankings. In total, they raked in revenues of $38 trillion and profits of $3 trillion, with assets worth $161 trillion and a market value of 44trillion dollars.

These figures of the 62 countries are higher than a year ago, with the largest growth being in market value (up 13 percent year-over-year) The firms employ 90 million people worldwide, Forbes said. For the first time in the ranking’s 11 years, China is home to the world’s three biggest public companies and five of the top 10. State-controlled Chinese bank ICBC holds onto its number 1 spot for a second consecutive year, while China Construction Bank takes second place and Agricultural Bank of China moves up five spots to third. The United States accounted for the other half of the top 10 spots. Berkshire Hathaway and Wells Fargo both moved up four spots to number five and number nine respectively.

J P Morgan slid to fourth place as its total composite score slipped behind Agricultural Bank of China. Technology giant Apple is ranked 15 followed by financial giant Citigroup (16) and energy corporation Chevron on rank 18. About 20 Japanese companies dropped off from this year’s list while China (mainland and Hong Kong) added 25 to the list this year, more than any other country, for a total of 207.

Mauritius, Slovakia, and Togo made their debut on the list this year. While Africa still has the least Global 2000 members, the continent has made slow progress, adding seven companies to the list. Mark Zuckerberg-led Facebook moved up 561 spots to number 510 this year with 55 per cent growth in sales and 2711 percent growth in profits.