By IANS
New York : With India emerging as a hot spot for wealth creation, 48 Indian firms, led by Mukesh Ambani’s Reliance Industries, have made it to this year’s list of 2,000 biggest global companies, compiled by Forbes magazine.
The state-run Oil and Natural Gas Corp (ONGC) ranks second among Indian firms on the list with 198th position overall, just behind the 193rd rank for Reliance Industries, India’s largest private sector conglomerate.
Two out of the three firms that rank among the top five companies from India are state-run enterprises – State Bank of India (219th) and Indian Oil (303rd), while private financial sector power house ICICI Bank follows next at 374th.
The companies on the list include as many as three from the stable of Mukesh Ambani’s younger brother, Anil – Reliance Communications (846), Reliance Power (1,597) and Reliance Capital (1,919).
“In total, the global 2,000 companies now account for $30 trillion in revenues, $2.4 trillion in profits, $119 trillion in assets and $39 trillion in market value,” said the magazine, which had HSBC on the top of the charts.
“Around the world, 72 million people work for these companies,” the magazine added. “This year, 60 countries have global 2,000 entries versus 51 in our inaugural list in 2004.”
The magazine said the US still dominated the list of global giants but with 61 fewer entries than last year and 153 fewer than in 2004, as many US companies failed to keep pace with global competitors.
“In contrast, China, India and Brazil are rapidly adding companies to the list. India, for example, has 48 companies this year versus 27 in 2004,” it added.
The other Indian companies on the list include state-run Steel Authority of India (647), Tata Steel (738), Bharti Airtel (826), Tata Consultancy (927), Housing Development Finance (949), Larsen and Toubro (961) and Bharat Petroleum (967).
The following is the list of Indian Companies, including their global ranking and market value in $ billion:
Rank-Company-Value (In Billion Dollars)
-193 Reliance Industries $89.29 bn
-198 Oil and Natural Gas $54.11 bn
-219 State Bank of India $33.29 bn
-303 Indian OilCorp $16.36 bn
-374 ICICI Bank $29.85 bn
-411 National Thermal Corp $41.57 bn
-647 Steel Authority of India $26.37 bn
-738 Tata Steel $14.63 bn
-826 Bharti Airtel $39.16 bn
-846 Reliance Communications $29.63
-927 Tata Consultancy Servicec $21.38 bn
-949 Housing Development Finance $19.07 bn
-961 Larsen and Toubro $24.94 bn
-967 Bharat Petroleum $4.16 bn
-1012 Bharat Heavy Electricals $27.92 bn
-1040 Infosys Technologies $22.09 bn
-1093 HDFC Bank $12.87 bn
-1102 Wipro $15.87 bn
-1111 Tata Motors $6.75 bn
-1112 Hindustan Petroleum $2.54 bn
-1134 NMDC $34.83 bn
-1159 ITC $19.01 bn
-1166 Punjab National Bank $4.76 bn
-1185 DLF $33.26 bn
-1205 Hindalco $6.22 bn
-1249 GAIL (India) $8.93 bn
-1305 Canara Bank $2.85 bn
-1361 Axis Bank $9.10 bn
-1375 Bank of India $4.72 bn
-1413 Power Grid Corp $11.54 bn
-1477 Bank of Baroda $3.33 bn
-1478 National Aluminium $7.46 bn
-1484 Unitech $14.57 bn
-1527 Grasim Industries $6.62 bn
-1597 Reliance Power $24.32 bn
-1737 Indian Overseas Bank $2.25 bn
-1744 Indl Dev Bank of India $2.14 bn
-1753 Power Finance $5.36 bn
-1759 Union Bank of India $2.34 bn
-1763 Satyam Computer Services $7.26 bn
-1803 Central Bank of India $1.05 bn
-1833 Syndicate Bank $1.28 bn
-1919 Mahindra and Mahindra $4.12 bn
-1919 Reliance Capital $11.16 bn
-1935 UCO Bank $1.01 bn
-1952 Oriental Bank of Commerce $1.57 bn
-1954 Suzlon Energy $10.52 bn
-1996 Allahabad Bank $1.23