Forbes’ Global 2000 list of public companies

The 20th annual Forbes Global 2000 list of public companies was recently released.

What is the list about?

It is an annual ranking of the top 2000 public companies of the world by Forbes magazine. The companies are ranked considering four parameters: market value, sales, profits, and assets captured during the last 12 months ending April 2022. This list is being published since 2003.

What are the top Ten Indian Companies on the list?

  1. Reliance Industries Limited (RIL)
  2. State Bank of India (SBI)
  3. HDFC Bank Limited
  4. ICICI Bank Limited
  5. Oil & Natural Gas Corp. Ltd. (ONGC)
  6. Housing Development Finance Corporation Limited
  7. Indian Oil Corp. Ltd.
  8. Tata Consultancy Services Limited (TCS)
  9. Tata Steel Limited
  10. Axis Bank Limited

What are the highlights regarding Indian companies?

  • Energy and banking sector companies ranked high in Forbes’ Global 2000 list this year.
  • Reliance Industries is ranked first among Indian public companies and climbed two spots to No. 53 among all public companies worldwide. It is the first Indian company to generate more than USD 100 billion in annual revenue.
  • Public Sector Bank (PSB) State Bank of India (SBI) is ranked second among Indian public companies. SBI has a market capitalization of USD 56.12 billion
  • Private sector banks HDFC Bank Limited and ICICI Bank Limited ranked third and fourth respectively on the Global 2000 list of Indian companies. This indicates the growth of India’s banking sector.
  • Vedanta Limited jumped 703 spots on the Forbes’ Global 2000 list this year. This is the highest leap among all Indian companies.

What are the top five companies on the Forbes list worldwide?

  1. Berkshire Hathaway, USA
  2. ICBC, China
  3. Aramco, Saudi Arabia
  4. JP Morgan Chase, USA
  5. China Construction Bank.

Which company was ranked first globally last year?

Industrial and Commercial Bank of China, located in Beijing, China was ranked first last year.

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