July 16, 2010

India's growing presence in fortune 500 companies

From just one Fortune 500 company (IOC) in 2003 to 8 in 2010
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Eight Indian companies, including oil major Indian Oil Corporation and Mukesh Ambani-led Reliance Industries, have made the cut in the list of the world's 500 largest companies compiled by Fortune magazine.

IOC has the highest rank of 125 among the featured Indian companies, followed by RIL at the 175th spot, SBI (282), BPCL (307), HPCL (354), Tata Steel (410), ONGC (413) and Tata Motors (442).

IOC had revenues to the tune of $54.28 billion, RIL $41.08 billion, SBI
$28.21 billion, BPCL $26.59 billion, HPCL $23.88 billion, Tata Steel
$21.58 billion, ONGC $21.44 billion and Tata Motors $19.5 billion.

Wal-Mart (USA) tops the Fortune 500 list with revenues of $408. 21 billion.