Fortune magazine's latest list of 500 top companies in the world is out and seven Indian have been included in the Top Fortune 500 list. Among the seven Indian companies, four are from the public sector while Reliance Industries (RIL) is the top-ranked among private sector firms, followed by Tata Motors and Rajesh Exports.
Indian Oil corporation (IOC) ranked 161st, however ONGC couldn’t achieve a place in the list. Private gems and jewellery major Rajesh Exports has made its debut at 423rd position.
IOC is followed by banking major State Bank of India, Bharat Petroleum and Hindustan Petroleum.IOC is ranked 161st with revenue of USD 54.7 billion, it moved down from 119th in 2015, while RIL is now at 215th, it moved down from 158th in 2015. Bharat Petroleum slipped from 280th to 358th in 2016 and Hindustan Petroleum is at 367th, which down from 327th in 2015.
Improvements have been shown by one two of these seven, while Tata Motors has taken the 226th position, up from 254th last year, SBI is ranked 232nd, up from 260th last year.
The overall list was topped by Walmart with revenue of USD 482,130 million, followed by State Grid (revenue of USD 329,601 million) and China National Petroleum (USD 299,271 million) at the second and third place respectively.