Forbes’ Global 2000 list of top listed firms has 56 Indian cos



AS MANY as 56 Indian companies, including Reliance Industries Ltd ( RIL) and State Bank of India ( SBI), have been named among the world’s 2,000- most powerful listed companies, according to US magazine Forbes . The ‘ Global 2000’ list of the biggest and most powerful companies worldwide has been topped by US banking giant JPMorgan Chase and is followed by General Electric ( GE), Bank of America ( BoA) and ExxonMobil.

Among Indian high performers, Mukesh Ambani- led RIL leads the

pack and has been ranked at the 126th place in the compiled global list.

Other Indian companies named in the list include SBI ( 130), Oil and Natural Gas Corp ( ONGC) ( 155), ICICI Bank ( 282), Indian Oil Corp ( 313), National Thermal Power Corp ( NTPC) ( 341), Tata Steel ( 345), Bharti Airtel ( 471), Steel Authority of India Ltd ( SAIL) ( 502), L& T ( 548) and HDFC Bank ( 632).

The global rankings span 62 countries, with the US ( 515 members) and Japan ( 210 members) dominating the list as usual, although the number of companies from developing nations in the Global 2000 is fast increasing.

This year, the countries that gained the most ground are mainland China ( 113 members), India ( 56 members) and Canada ( 62 members), it said.

Forbes’ ranking of the world’s biggest companies used an equal weighting of sales, profits, assets and market value to rank companies according to size and this year’s list reveals the dynamism of global business.

In total, the Global 2000 companies now account for $ 30 trillion in revenues, $ 1.4 trillion in profits, $ 124 trillion in assets and $ 31 trillion in market value. All metrics are down from last year, except for market value, which rose 61 per cent, Forbes said.

Two companies from the Anil Ambani Group, Reliance Communications ( 742) and Reliance Infrastructure ( 1,702), have also made it on the list.

Other Indian companies named on the list include stateowned Punjab National Bank ( 695), Tata Consultancy Services ( 741), HDFC ( 783), Infosys ( 807), DLF ( 923) and Hero Honda Motors ( 1,571).

GLOBAL TOP-4

1 JPMorgan Chase

2 General Electric (GE)

3 Bank of America (BoA)

4 ExxonMobil

INDIAN TOP-5

126 Reliance Ind (RIL)

130 State Bank of India

155 ONGC Ltd

282 ICICI Bank

313 Indian Oil Corp (IOC)

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