The Indian companies on the 2015 Fortune Global 500 list are Indian Oil ranked 119 on the list with revenues of about $74 billion, Reliance Industries (158) with revenues of $62 billion, Tata Motors with revenues of $42 billion (254), State Bank of India with revenues of $42 billion (260), Bharat Petroleum Corporation Ltd (BPCL) with revenues of $40 billion (280), Hindustan Petroleum Corporation Ltd (HPCL) with revenues of $35 billion and Oil & Natural Gas Corporation (ONGC) with revenues of $26 billion (449).
The world’s 500 largest companies generated $31.2 trillion in revenues and $1.7 trillion in profits in 2014. This year’s Fortune Global 500 employ 65 million people worldwide and are represented by 36 countries.
The list has been topped by Walmart, which has retained its numero uno spot. It is followed by Chinese petroleum refining giant Sinopec Group at <g data-gr-id="41">second</g> spot, Netherlands-based Royal Dutch Shell (3), China National Petroleum (4) and Exxon Mobil (5).
The US is home to 128 of the 500 global companies, including Apple (15), JP Morgan Chase (61), IBM (82), Microsoft (95), Google (124), Pepsi (141), Intel (182) and Goldman Sachs (278). China has close to 100 companies on the list, including Bank of China (45), China Railway Engineering (71) and China Development Bank (87).
While Indian Oil, Reliance, Bharat Petroleum, Hindustan Petroleum, and Oil and Natural Gas slipped in rankings from the previous year, Tata Motors and SBI improved in rankings. Companies are ranked by total revenues for their respective fiscal years ended on or before March 31, 2015.
Revenue figures include consolidated subsidiaries and reported revenues from discontinued <g data-gr-id="55">operations,</g> but exclude excise taxes. As many as 10 Indian companies, including Aurobindo Pharma, HCL Technologies, Tata Consultancy Services, and HDFC Bank, have also made it to the Forbes Asia Fabulous 50 list. India has the second highest number of companies on the list for the fifth year in a row, Forbes said in the list released on Thursday.
Forbes further said that the Fab 50’s brightest star, over the decade, was India’s HDFC Bank. The bank has made to the list nine times, more than any other company. The other Indian companies on the list include Lupin, Motherson Sumi Systems, Sun Pharma Industries, Tata Motors, Tech Mahindra and Titan. “The Fab 50’s brightest star over the decade, India’s HDFC Bank... it’s now made the list nine times, more than any other company,” Forbes said. HDFC Bank is the second-largest private sector bank in India. It boasts of nearly 32 million customers and a network spanning more than 4,000 branches in almost 2,500 towns and cities.
The list was dominated by Chinese companies as the country took over half of the spots in the coveted list of Asia-Pacific’s 50 best and big public companies. Moreover, China boasts the list’s most valuable company — Tencent which is worth $176.5 billion — and its biggest, Lenovo, which generated $46.3 billion in revenue last year.
After China and India, South Korea has the highest number of companies with four <g data-gr-id="53">firms,</g> while Malaysia, Philippines and Singapore have two firms each and Indonesia, Japan <g data-gr-id="52">have</g> one firm each on the list. The ‘Fab 50’ companies were chosen from a pool of 1,116 firms that have at least USD 3 billion in annual revenue or market cap. Moreover, companies must be publicly traded for at least a year, and hence Alibaba, which listed last September, was not featured in the list, Forbes said.