Indian Oil Corp tops Fortune India 500 list

December 9th, 2010 - 6:55 pm ICT by IANS  

State Bank of India New Delhi, Dec 9 (IANS) Four state-run enterprises led by Indian Oil Corp figure among top five companies in terms of revenue in Fortune magazine’s first India list of 500 largest corporations released Thursday.

Reliance Industries has been ranked second, followed by the State Bank of India, Bharat Petroleum and Hindustan Petroleum — all of which along with Oil and Natural Gas Corp, Tata Steel and Tata Motors and also figure in Fortune 500 list of global corporations.

“The total revenue of the Fortune India 500 companies stands at Rs.38,16,239.40 crore (nearly $850 billion). That’s more than 60 percent of India’s total gross domestic product (GDP),” the magazine said.

The magazine also reveals that the largest company on the list is 266 times the size of the smallest — much the same as in China, where the top company is 382 times the size of the 500th. The disparity in the US list is lower: The largest being 100 times bigger.

The rankings are based on the total revenues of the organisation. Other individual data points include year-on-year change in revenues, net operating income, profit, assets, net worth, dividend and total salaries.

The issue also ranks top players in 42 sectors including airlines, automobiles, banking, cement, consumer durables, pharmaceuticals, consumer goods, infrastructure, media, oil and gas, power, real estate, retail and telecommunications.

The follwing are the top 20 rankings of the Fortune 500 India list:

1. Indian Oil Corporation

2. Reliance Industries

3. State Bank of India

4. Bharat Petroleum

5. Hindustan Petroleum

6. Oil and Natural Gas Corp

7. Tata Steel

8. Tata Motors

9. Hindalco Industries

10. ICICI Bank

11. Coal India

12. NTPC

13. Larsen & Toubro

14. Bharti Airtel

15. SAIL

16. Essar Oil

17. Bharat Heavy Electricals

18. Mangalore Refinery

19. Mahindra & Mahindra

20. Bharat Sanchar Nigam

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