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47 Indian Firms in Forbes List

As many as 47 Indian companies, led by Reliance Industries and State Bank of India, are in the latest list of the world’s biggest 2,000 companies prepared by the U.S. magazine Forbes.

Five companies - the scam-hit IT company Satyam Computer Services, realty major Unitech, wind power company Suzlon Energy and Anil Ambani group’s Reliance Power and Reliance Capital -which were in the list earlier stand dropped.

Hero Honda Motors, Sun Pharma, Indian Bank and Jindal Steel and Power are the new entrants.

Mukesh Ambani-promoted RIL, State Bank of India, and Oil and Natural Gas Corporation are ranked 121st, 150th and 152nd. These three Indian toppers have improved their ranks since last year, when RIL was 193rd, SBI 219th and ONGC 198th.

The overall topper is industrial conglomerate General Electric, followed by Dutch oil and gas major Royal Dutch Shell, Japan’s Toyota Motor, ExxonMobil and the U.K.’s BP, in that order.

British banking giant HSBC Holdings, No. 1 in last year’s list, dropped to sixth place.

The rankings are based on a composite score that includes sales, profit, assets and market capitalisation.

Source: PTI


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