7 Indian companies among World's 500 largest companies: Fortune Magazine
Seven Indian companies have found their place in 2015 Fortune 500 Global Companies list compiled by Fortune Magazine.
- Indian Oil: ranked 119th with revenues of 74 billion dollars.
- Reliance Industries: ranked 158th with revenues of 62 billion dollars.
- Tata Motors: ranked 254th with revenues of 42 billion dollars.
- State Bank of India (SBI): ranked 260th with revenues of 42 billion dollars.
- Bharat Petroleum: ranked 280th with revenues of 40 billion dollars.
- Hindustan Petroleum: ranked 327th with revenues of 35 billion dollars.
- Oil and Natural Gas: ranked 449th with revenues of 26 billion dollars.
Top 5: Walmart (1st) of US, Sinopec Group (2nd) of China, Royal Dutch Shell (3rd) of Netherlands, China National Petroleum (4th) and Exxon Mobil (5th) of US.
United States: US alone has 128 companies in this edition of list of the 500 global companies. Some of companies are Exxon Mobil (5th), Apple (15th), JP Morgan Chase (61st), IBM (82nd), Microsoft (95th), Google (124th), Pepsi (141st), Intel (182nd) and Goldman Sachs (278th).
China: It has around 100 companies on the list. Some of them are Sinopec Group (2nd), China National Petroleum (4th), Bank of China (45th), China Railway Engineering (71st) and China Development Bank (87th).
As per the Forbes magazine, these Fortune Global 500 companies have generated total of 31.2 trillion dollars in revenues and 1.7 trillion dollars in profits in 2014 and have employed around 65 million people worldwide, represented by 36 countries.
About Fortune 500 Global Companies list
It is an annual ranking of the world’s wealthiest companies, compiled and published by the American business magazine Fortune and published globally by Time Inc. In this list, companies are ranked by total revenues for their respective fiscal year which has ended on or before March 31, 2015.
Revenue figures of companies mainly include their consolidated subsidiaries and reported revenues from the discontinued operations and excluding excise taxes.
Month: Current Affairs - July, 2015